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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1275)	12/31/2001 10:59:18 AM
From: John Chen	Read Replies (1) \| Respond to of 306849

Grace,re:"Median ... average". Thanks for explanation. Sounds like one of those 'tool of the trade' thing. Like 'Amazon's "tremendous" revenue growth rate even though no money has been made.

To: GraceZ who wrote (1275)	12/31/2001 11:51:22 AM
From: nghi vu	Read Replies (2) \| Respond to of 306849

Grace, your explanation of Median is wrong. just want to point that out. Median is NOT the average. I agree it is a stupid number to refer to in Real Estate since it is meaningless but it is the Middle point of a set of point...and that is where the definition get confusing but trust me. Having a second ed degree teach math can be helpful sometimes :) for example, if you have 5 data point, 100, 120, 130, 200, 1000. The median is the 130, the midpoint of the 5 data point. So comparing median home price is completely rediculous because it doesn't and never measure anything in my opinion. Actually, the use of median is so useless in quantitative analysis that it should have never been invented in my opinion :) because if there is enough useful data points, the average or mean would be the better number to use/calculate. blarg.net