Statistical buggery—realestate.com.au edition

I have a strong distaste for entities that manipulate statistics for their own marketing purposes. See, for example, Private Equity Floats – Duds and You Know It. Realestate.com.au offers a more recent example. Their annual Housing Affordability Sentiment Index includes, for all I know, some useful findings. But the PR crap spawned from it is anything but enlightening. Take one sentence from the article Gen Y: are they the new property moguls?: In fact, 89% of Gen Y property owners surveyed bought their first property before they were 30 years old, and 9% purchased when they were less than 20 years...

I have a strong distaste for entities that manipulate statistics for their own marketing purposes. See, for example, Private Equity Floats – Duds and You Know It.

Realestate.com.au offers a more recent example. Their annual Housing Affordability Sentiment Index includes, for all I know, some useful findings. But the PR crap spawned from it is anything but enlightening.

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