Talk about living in a different world!

Started by abnormaltoy, July 12, 2007, 11:57:07 AM

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abnormaltoy

July 12, 2007, 11:57:07 AM

Manhattan parking spot going for $225,000

The story goes on to say that the parking space is more the the median existing home price in the US. I don't know about y'all...but, I missed the gravy train!

http://biz.yahoo.com/cnnm/070712/071207_parkingspots.html?.v=4
The things that come to those who wait, may be the things left by those who got there first.

I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
-- Winston Churchill

Censorship, that most subtle tool of oppression, the tool of the fearful and small minded. 8/15/2008

"It is interesting that we are asked to NOT judge all Muslims by the actions of a few lunatics. Too bad gun owners can't get same judgment."
Travis Tritt (I know!)

Duffil

#1
July 12, 2007, 02:07:01 PM
:headshake:

hmmm after buying the parking spot, I could live in my Yugo and never have to leave the lot!

BigMike

#2
July 12, 2007, 02:20:36 PM
From the article,

QuoteRealtors put the nation's median existing home price at $223,700 in May, meaning that half of the homes sold in the month sold for less than that and half sold for more.

What? What do they mean by a "median"? Is this the average price of all houses sold in May, or is it truly the average of every home purchased in May? It doesn't make sense to me when they say "that half of the homes sold in the month sold for less than that and half sold for more." That would mean to have an equal 50/50 number of homes selling above and below that price, but if you have 1 house that cost like 1 million dollars, then it would take 4 houses from this average price to bring the average back down......

dang, why the heck do I even care about this GOSH
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"The worst of both worlds, the best of neither." -abnormaltoy
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*FFC*

#3
July 12, 2007, 02:28:01 PM
:haha:


Sheesh, screw that I'll walk to work!
"Yesterday is history, tomorrow is a mystery, today is a gift - that's why they call it the present." - RW Emerson -

Lady Di

#4
July 12, 2007, 02:40:45 PM
Quote from: BigMike on July 12, 2007, 02:20:36 PM
From the article,

What? What do they mean by a "median"? Is this the average price of all houses sold in May, or is it truly the average of every home purchased in May? It doesn't make sense to me when they say "that half of the homes sold in the month sold for less than that and half sold for more." That would mean to have an equal 50/50 number of homes selling above and below that price, but if you have 1 house that cost like 1 million dollars, then it would take 4 houses from this average price to bring the average back down......

dang, why the heck do I even care about this GOSH

and people say I'm too analytical :rofl:
Life is like a bowl of beer flavored chocolate covered dog turds.. it makes no sense. :pokinit:

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How the Mammoth came to be

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brainlessfool

#5
July 12, 2007, 06:41:26 PM
Quote from: MrsWillyMammoth on July 12, 2007, 02:40:45 PM
and people say I'm too analytical :rofl:

dang engineers.  :laugh:
A good day working, that's just sick :reg:

abnormaltoy

#6
July 13, 2007, 10:24:39 AM
Quote from: BigMike on July 12, 2007, 02:20:36 PM
From the article,

What? What do they mean by a "median"? Is this the average price of all houses sold in May, or is it truly the average of every home purchased in May? It doesn't make sense to me when they say "that half of the homes sold in the month sold for less than that and half sold for more." That would mean to have an equal 50/50 number of homes selling above and below that price, but if you have 1 house that cost like 1 million dollars, then it would take 4 houses from this average price to bring the average back down......

dang, why the heck do I even care about this GOSH

Median is not  the average...it's the middle, it's an unusual distinction.
The things that come to those who wait, may be the things left by those who got there first.

I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
-- Winston Churchill

Censorship, that most subtle tool of oppression, the tool of the fearful and small minded. 8/15/2008

"It is interesting that we are asked to NOT judge all Muslims by the actions of a few lunatics. Too bad gun owners can't get same judgment."
Travis Tritt (I know!)

BigMike

#7
July 13, 2007, 11:42:27 AM
Quote from: abnormaltoy on July 13, 2007, 10:24:39 AM
Median is not  the average...it's the middle, it's an unusual distinction.

Yeah I figured it was really the middle, since they stated such, but I don't think I would have chose to use that figure. I'm sure there was some motivating reason as to why they did; it probably looks better or something..
Check out our new Rock Crawling Videos!
2016 56-speed 580:1 Tacoma Rock Crawler   
1981 36-speed 511:1 3RZ-FE Rock Crawler
1987 6-speed Supercharged 4A-GZE MR2		Instagram: @SlowestTacoma
Things are only impossible until they are not.
"The worst of both worlds, the best of neither." -abnormaltoy
"An informed question. But difficult to answer. I am what you see." -Nanaki
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