Just a question how many people that fit in your average earnings buy the median priced house. Not many I suspect. How many dual income houses earning 90 g go out and spend 550 g on a house. There in lies the problem, some earn a lot more some earn less. One guy buys a house for 10 mil, 10 others buy for 250 suddenly the average is 500 and where in a housing bubble and where paying to much for a house. The ones who paid 250 got a bargain as it's 250 less than the median. Figures can be changed and shaped into unrecognizable graphs and stats. The average Joe who has 2.4 kids earns a median wage and owns a median priced house is just a stat not real just stat to be used. It gives us nothing but an median and is not representative of a nation or the different areas. To many focus on the broader context as it's easy. Those that know there area and market have a closer idea as the are on the ground. But I suppose when just want to fit in with the crowd you serve up the same watered down broth that seems to be a popular dish served up at the bear restaurant you just dish it up and hope no one will notice.
