excuses excuses, page-27

Warnie

You said:

"So if you bought property in JAN 2007 and were still holding it now in March 2008 (haven't got April figures yet)"


WRONG! you are quoting MEDIAN house price!!!!


Let me try and educate you on how you house investors get confused with statistics.



if 10x $200K house's sell and 10x 400K house's sell then you have a Median house price of $300K

Next month, lets say house prices dont change, but people cant afford to buy as much

only 5x $200K house's then sell, but the wealthy still buy 10x $400K houses

the Median price is then $400K

house prices havnt gone up, but the median has so you think your house has gone up by 33% lol