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Barry-xlovecam 10-07-2011 04:42 AM

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 ...

pornguy 10-07-2011 05:21 AM

Especially when spun properly to make a BIG impact for nothing.

sponsorpimp 10-07-2011 05:24 AM

Quote:

Originally Posted by pornguy (Post 18475027)
Especially when spun properly to make a BIG impact for nothing.

Absolutely spot on pornguy :thumbsup

ottopottomouse 10-07-2011 07:42 AM

You can make statistics back up any claim you fancy if you do it well enough.

woj 10-07-2011 07:51 AM

There are "Lies, damned lies, and statistics" :)

PromoterX 10-07-2011 09:23 AM

I wanna see statistics for the legendary "Summer Slowdown" I hear about every year.

newB 10-07-2011 09:34 AM

Quote:

Originally Posted by woj (Post 18475306)
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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