Top products from r/saintpaul
We found 1 product mention on r/saintpaul. We ranked the 1 resulting product by number of redditors who mentioned them. Here are the top 20.
We found 1 product mention on r/saintpaul. We ranked the 1 resulting product by number of redditors who mentioned them. Here are the top 20.
These charts are complete garbage.
The Y axis for the rental costs is half the scale of the one for ownership. The further obfuscate this by having a yearly income on the left and a monthly costs on the right. This is classic misrepresentation of data.
If you read what it actually shows, it has owner monthly income at $6.7k, with monthly costs at $1,500 (22.4% of income), compared to renter income of $2.5k and rents of $850 (35% of income).
The question then becomes whether we are comfortable with that 13% difference in income towards housing for owners vs renters. I would argue that not only should we be comfortable with it, we should be protecting that gap. The smaller that that gap becomes, the less attractive home ownership becomes. If we closed that gap entirely, there would be no economic incentive to buy a home other than pure preference, while renting brings significant additional freedoms of movement.
-edit: Anyone interested in this topic of data manipulation should pick up The Visual Display of Quantitative Data. I promise it is not nearly as dry as it sounds. It's an entertaining, highly informative, and beautifully illustrated book, and is a sacred text to data scientists.