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Aggravating_Foot_528 t1_jeggc4s wrote

Reply to comment by More-Adhesiveness-54 in NYT story about housing costs by bill_pgh

they're using median home price, which generally smooths out the data at the far ends of the curve.

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More-Adhesiveness-54 t1_jeghynq wrote

I noticed that, too.

To my point above re: living in Michigan, seeing median vs. mean home prices reminds me of looking at house value data in Detroit a couple years after the '08 collapse. At one point, median house prices there got down to something insane like $10k. The mean value was significantly higher due to homes owned by extremely well-off people.

edit: It was $7,500. Wow.

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Aggravating_Foot_528 t1_jegipig wrote

I remember going down to the Joe and Cobo and Greektown in the early 90s and large parts of Detroit were pretty downtrodden then too. And it got magnitudes worse after the great recession. Ditto with Cleveland. Pittsburgh dodged a bullet with that one.

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