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Old 10-07-2011, 04:42 AM   #1
Barry-xlovecam
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Statistics are so deceptive

Quote:
[T]he rate of home ownership fell to 65.1 percent in April 2010, 1.1 percentage points lower than it was in 2000. The decline was the biggest drop since the 1930s, when home ownership plunged 4.2 percent.

The most recent decade-over-decade drop, however, only tells half the story.

Home ownership during the 2000s "was really high in the middle of the decade, up to almost 70 percent at one point around 2004," said Ellen Wilson, a survey statistician with the bureau.

The crash from that peak was more than 4 percentage points in just about five years -- a far more dramatic decline than the 1.1 percent drop over the 10-year period. ...

http://www.chicagotribune.com/busine...,1242956.story
Great Depression -4.2%
Great Recession -4%
Quote:
HOMEOWNERSHIP RATES
1940 1930 1920 1910 1900
United States 43.6% 47.8% 45.6% 45.9% 46.5%

http://www.census.gov/hhes/www/housi...ric/owner.html

Statistics are so deceptive at times ...
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Old 10-07-2011, 05:21 AM   #2
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Especially when spun properly to make a BIG impact for nothing.
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Old 10-07-2011, 05:24 AM   #3
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Originally Posted by pornguy View Post
Especially when spun properly to make a BIG impact for nothing.
Absolutely spot on pornguy
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Old 10-07-2011, 07:42 AM   #4
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You can make statistics back up any claim you fancy if you do it well enough.
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Old 10-07-2011, 07:51 AM   #5
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There are "Lies, damned lies, and statistics"
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Old 10-07-2011, 09:23 AM   #6
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I wanna see statistics for the legendary "Summer Slowdown" I hear about every year.
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Old 10-07-2011, 09:34 AM   #7
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Originally Posted by woj View Post
There are "Lies, damned lies, and statistics"
I was going to say that.

I had a stat's professor in college who would start every class with ads from magazines and newspapers that seemed to indicate one result, then show how the actual results were less impressive.
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