Everydata: The Misinformation Hidden in the Little Data You Consume Every Day by John H. Johnson & Mike Gluck

Author:John H. Johnson & Mike Gluck
Language: eng
Format: mobi
Publisher: Bibliomotion, Inc.
Published: 2016-04-11T14:00:00+00:00

HOME SWEET HOME

Buying a house is typically the biggest investment you’ll make. Which is why you don’t want to rely on cherry-picked data when making your decision.

Let’s say it’s 2012, you and your spouse are tired of living in a small apartment, and decide you want to buy a house. You mention it during Sunday dinner at your in-laws’ house, at which point your father-in-law puts down his forkful of turkey and says it’s the worst investment you could make, since housing prices are down nearly 20 percent. That’s not true, you counter respectfully (because who wants to start a fight with her father-in-law?). You point out that home prices have actually increased approximately 180 percent.

So who’s right? You both are—which is good, because nobody wants to sleep on the couch.

Here’s a graph of housing prices that your father-in-law relies on for his claim that housing prices have plummeted over the last five years. It seems pretty indisputable, no?

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