[Vision2020] So You Think Houses are Expensive in Moscow?

Sun May 6 14:50:54 PDT 2007

Tim,

  Your right, I got my math definitions incorrect, I used the mean of the range of incomes listed, not the mode. 

  Best,

  Donovan 

TIM RIGSBY <tim.rigsby at hotmail.com> wrote:
      P  {  margin:0px;  padding:0px  }  body  {  FONT-SIZE: 10pt;  FONT-FAMILY:Tahoma  }    "Look at the average (mode) income (not medium) [median] and adjust for 8 years of inflation, you will find an average income (mode) of about $65,000-$70,000 per household." -DJA

Not a math guy but I know that mode does not = average.  Mode means that something appears most often.  For example, if we have a number line consisting of 1,2,3,3,3,3,3,3,4,5,6,7,8,9 the mode would be 3, the median would be 3 and the mean would be approx 4.28

Tim

" 'Politics is the art of controlling your environment.' That is one of the key things I learned in these years, and I learned it the hard way. Anybody who thinks that 'it doesn't matter who's President' has never been Drafted and sent off to fight and die in a vicious, stupid War on the other side of the World -- or been beaten and gassed by Police for trespassing on public property -- or been hounded by the IRS for purely political reasons -- or locked up in the Cook County Jail with a broken nose and no phone access and twelve perverts wanting to stomp your ass in the shower. That is when it matters who is President or Governor or Police Chief. That is when you will wish you had voted." - Hunter S. Thompson

---------------------------------
  Date: Sun, 6 May 2007 13:59:32 -0700
From: donovanjarnold2005 at yahoo.com
To: sslund at roadrunner.com; vision2020 at moscow.com
Subject: Re: [Vision2020] So You Think Houses are Expensive in Moscow?

  Saundra,

  Thanks for the response. You are correct that my conclusions were correct but some of my information was flawed. However, so is the data of the sources that you cited:

  http://en.wikipedia.org/wiki/Orange_County,_Florida

  http://en.wikipedia.org/wiki/Latah_County,_Idaho

  That data was taken from:

  http://censtats.census.gov/data/FL/390125960.pdf
  http://censtats.census.gov/data/ID/1601654550.pdf

  That data was gathered in 1999, or 8 years ago!

  If you examine the data of:
  http://censtats.census.gov/data/FL/390125960.pdf

  Look at the average (mode) income (not medium) and adjust for 8 years of inflation, you will find an average income (mode) of about $65,000-$70,000 per household. 

  Nonetheless, we arrive at the same conclusions that Moscow housing is least affordable in comparisons to most other cities around the country. 

  Best,

  Donovan
  Hmm . . . Donovan, while your conclusion may be valid, your data is flawed
because you're comparing apples & oranges. As you know, you've jumped on
people when you've thought they made the same mistake :-)

In addition, please cite your source for your data that the average
household income in Orlando is $70,000 -- that's about DOUBLE what the US
census indicates.

It seems to me you either need to compare Moscow to Orlando (both county
seats, BTW) or Latah County to Orange County. Instead, you've compared
Latah County to Orlando.

For those interested in the accurate comparison:

http://en.wikipedia.org/wiki/Latah_County,_Idaho
"The median income for a household in the county was $32,524, and the median
income for a family was $46,303. Males had a median income of $34,734 versus
$24,886 for females. The per capita income for the county was $16,690. About
7.90% of families and 16.70% of the population were below the poverty line,
including 10.20% of those under age 18 and 5.40% of those age 65 or over."

AND
http://en.wikipedia.org/wiki/Orange_County,_Florida
"The median income for a household in the county was $41,311, and the median
income for a family was $47,159. Males had a median income of $32,053 versus
$25,402 for females. The per capita income for the county was $20,916. About
8.80% of families and 12.10% of the population were below the poverty line,
including 16.30% of those under age 18 and 9.30% of those age 65 or over."

OR

http://en.wikipedia.org/wiki/Moscow,_Idaho
"The median income for a household in the city was $26,884, and the median
income for a family was $46,331. Males had a median income of $35,494 versus
$24,560 for females. The per capita income for the city was $14,930. About
9.5% of families and 22.4% of the population were below the poverty line,
including 8.2% of those under age 18 and 4.5% of those age 65 or over."

AND
http://en.wikipedia.org/wiki/Orlando,_Florida
"The median income for a household in the city was $35,732, and the median
income for a family was $40,648. Males had a median income of $30,866 versus
$25,267 for females. The per capita income for the city was $21,216. About
13.3% of families and 15.9% of the population were below the poverty line,
including 27.0% of those under age 18 and 12.6% of those age 65 or over."

HTH,
Saundra Lund
Moscow, ID

The only thing necessary for the triumph of evil is for good people to do
nothing.
- Edmund Burke

***** Original material contained herein is Copyright 2006 through life plus
70 years, Saundra Lund.  Do not copy, forward, excerpt, or reproduce outside
the Vision 2020 forum without the express written permission of the
author.*****

-----Original Message-----
From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com]
On Behalf Of Donovan Arnold
Sent: Sunday, May 06, 2007 9:29 AM
To: Tom Hansen; Vision 2020
Subject: Re: [Vision2020] So You Think Houses are Expensive in Moscow?

Latah's average household income is about $30K a year. In Orlando it is
about $70K. So this house is actually more affordable to the people of
Orlando than a Moscow house is to the people in Moscow.

Best,

Donovan

Tom Hansen wrote:

Open House in America
http://www.parade.com/WAL/slideshow/open-house-01.html

Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho

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