MEDIAN is a meaningless statistic.
Which part of my rant do you think is wrong ?
Many of these people have been living here for a very long time. LOTS of retired military, etc. Many bought $30K homes MANY years ago that are $700K today, they even bought a rental or two that they still have.
Homes that were $90K 20 years ago became about $500K at the peak. It wasn’t that long ago, but still sheer insanity.
Dealing with the median, $20K, $50K, $200K, $1M, $2M
The median is $200K… To the other 4 people the median means absolutely nothing to their personal situation.
I’m yet to figure out WHY the median is used, other than to mislead.
