> Average without median is a recipe for misperception
> The average monthly rent in July was $5,588, up 9% over last year and marking a new record. Median rent, at $4,400 per month, also hit a new record, along with price per square foot of $84.74, according to a report from Miller Samuel and Douglas Elliman.
There's a annoyingly large community of hall monitor types here who in every thread jump to point out every bit of nuance to a topic that didn't happen to fit in the headline. Whether it was present in the article body or not.
The witch hunt against clickbait has become far more annoying than the practice itself. So many people litter these comments with context that they're absolutely sure is over everyone's head but theirs.
It got shared. It should not - in the form - have gotten shared. Evidently someone didn't realize that (i.e., "average" in the title === clickbait). So pointing out the stupidity of average is on me? God bless you. The irony of your comment is also entertaining.
And the headline decided to say what? Of the two measurements, the headline picks the one that offers the most deception and manipulation. The headline is what most see and absorb.
I find it funny (read: sad) that you're doing so well playing the HN Police on me, but CNBC get a free pass.
Yeah, I'm the problem. And The Media is the embodiment of legit journalism.
It's not clear what the $84.74 price per square foot represents as it divides out to a totally unreasonable size into either of the other figures. It would be odd for an American publication but it's probably pretty close if it were square meters (so you end up at an average of 500 sq. ft. which seems about right). Or it may be for something that isn't directly related to the other two numbers.
> The average monthly rent in July was $5,588, up 9% over last year and marking a new record. Median rent, at $4,400 per month, also hit a new record, along with price per square foot of $84.74, according to a report from Miller Samuel and Douglas Elliman.
It’s the second line in the article.