“The Boston Foundation”:http://www.tbf.org/ has just put out a “Greater Boston Housing Report Card [PDF]“:http://www.tbf.org/uploadedFiles/Housing%20Report%20Card%202004.pdf, and drew _some_ ridiculous conclusions. John A Keith of the “Boston Real Estate Blog”:http://johnakeith.typepad.com/boston/2005/10/bostonians_spen.html explains [[“via”:http://leftcenterleft.typepad.com/blog/2005/10/effective_rent.html]]:
bq.. From the report:
Fenway/Kenmore neighborhood
*2004 estimated renter income:* $24,132
*2004 estimated monthly rent:* $1,498
*% of median income needed to pay rent in 2004:* 74%
No.
Why not?
1) earlier in their report, the authors estimate rents on two-bedroom apartments throughout the city. They estimate a two-bedroom apartment in the Fenway would cost $1,498 per month. A two-bedroom apartment. Would one person, making $24,132, rent a two-bedroom apartment? Why would they? If they did rent a two-bedroom apartment, they’d have a roommate, thereby reducing their share of the monthly rate to $749. Rent would therefore require only 37% of their gross income.
p. He goes on to question another aspect of their methodology — using the _advertised_ rental rates, which are often higher than what a landlord can get. It’s an interesting discussion, because there is obviously a diminishing pool of “affordable” housing in Boston. The median home price in our fair city of “Cambridge”:http://cambridgema.gov is well over $600,000…
It always surprises me, the _carelessness_ with which people use statistics. No where is this more true than in the education reform debate. For instance, when politicians say, “Half of our kids read _below_ their grade level”. This kind of statement is used to provoke anxiety, and to justify raising (sic) standardized test requirements.
What they don’t choose to explain, (or understand for that matter), is that this is precisely the _definition_ of _grade level_ — 50% above the line, 50% below. That’s how you set a grade level, for god’s sake.
I cringe everytime I hear statistics being manipulated like this.
