Statistics... LOL!!!

By
Real Estate Broker/Owner with Charlottesville Solutions

If you read my blog you know that I love statistics and today I ran across this quote that actually made me laugh:

Statistics: The only science that enables different experts using the same figures to draw different conclusions.

Evan Esar, Esar's Comic Dictionary
American Humorist (1899 - 1995)

of course there is also the following:

"Lies, damned lies, and statistics" is part of a phrase attributed to Benjamin Disraeli and popularised in the United States by Mark Twain: "There are three kinds of lies: lies, damned lies, and statistics." The statement refers to the persuasive power of numbers, the use of statistics to bolster weak arguments, and the tendency of people to disparage statistics that do not support their positions.

I just thought that the above information may be helpful when reading all the "stats" during this political season!

No political parties are represented in this post. I am Charles McDonald and I approve this message.

 

Comments (23)

Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Statistics have shown that 90% of statistic are purely fabricted, the other 10% are lies.

Oct 02, 2008 02:55 AM
Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Funny twist on the political statistics (all statistics!)

Oct 02, 2008 03:00 AM
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Were there any mathematicians harmed by your post?  I always love hollering politicians who shout that the budget for their favorite pork barrel project was cut when in actuality the only thing that was cut was the amount of increase.  If they ask for a 7% increase and only get 5% they consider that a cut.

Of course, all real estate statistics are absolutely true.

Oct 02, 2008 03:03 AM
James G. Pycha
James Pycha (R) - REMAX KAUAI - Princeville, HI
(R), REMAX Kauai Broker

Aloha Chuck. . . .  Thanks for your post.  I love statistics but they are often mis-leading.  Mark Twain said  Figures dont lie but Liars figure. It's just a matter of time until things tur around.  Everything is cyclical. Hey, what's the feeling in your market at this time.  Are most of your Buyers "bottom-Feeders?"  That's bhow it is here on Kauai.  Unfortunately Sellers are still rather obstinate about their over-priced homes.  Good Luck and Have a good week-end.

Best

Jim

Oct 02, 2008 03:34 AM
Rich Mielke
REMAX Results, Frederick MD - Frederick, MD
REALTOR, Frederick Maryland Real Estate

Not unlike the statistics that agents and offices use to all claim that they are #1 in their market.

Oct 02, 2008 03:40 AM
Paddy (Patricia) Pizappi
Better Homes and Gardens Rand Realty - Pine Bush, NY
Real Estate Associate Broker Hudson Valley NY

Very funny Charles. Is that how come there are so many different Real Estate Brokers caliming to be #1 in Orange County????  Seriously you can prove just about anything with minpulation. 

Oct 02, 2008 06:35 AM
Charles McDonald®
Charlottesville Solutions - Charlottesville, VA
REALTOR®, Principal Broker®, Owner

@Paddy - so true

Oct 02, 2008 06:53 AM
Keith Perry
Coldwell Banker - Hiram, GA
REALTOR - West Metro Atlanta

LOL maybe that is how they came up with the college ranking system.

Oct 02, 2008 09:00 AM
Alexander- Slocum
Premiere Property Group, LLC - Vancouver Washington - Vancouver, WA
Realty Team- Vancouver WA Real Estate

Hello Charles, I did study some Statistics in college, and it is often how one interprets both the data and results can make a big difference (similar to "is the glass half empty or half full?").  No doubt, Real Estate and Political Statistics are fodder for some amusement and fun.  John

Oct 02, 2008 09:43 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Did you know that 92.8% of all statistics are made up right  on the spot!  Just like this one!  LOL

Oct 02, 2008 10:07 AM
Anne Hensel
South Beaches Real Estate Professionals - Saint Petersburg, FL
Realtor - Broker - St. Pete Beach, Treasure Island

I love statistics, just love them, love them, love them

Oct 02, 2008 11:25 AM
Laurie Logan
Keller Williams Realty, Inc., Broker Associate - Madison, WI
South Central WI Real Estate

Hey Charles,

So Funny - So True!  (I am 100% sure that this statement is 100% correct)

I love when agents use silly stats and funny math.

Oct 02, 2008 11:44 AM
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
Trusted For Experience - Respected For Results

Charles - HOW TRUE ... Stats are absolutely useless unless you are sitting in the shoes of the stationer and looking from his point of view.

That reminds me of another one figures don't lie but liars sure figure.

GO FIGURE

Oct 02, 2008 11:48 AM
Gregory Lohr
West Columbia, SC

Love the definition of "statistics."  I have seen that done so many times.

I heard Lou Holtz quote someone recently saying, "If you can't improve on the silence...be quiet."  What are the odds that anyone will abide by that advice?  Let the politicians chew on that for awhile!

Oct 02, 2008 01:05 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

It is like the old accountant joke, "How much is 2+ 2 equal?" Answer "How much you want it to be?"

Oct 02, 2008 01:20 PM
Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

I do enjoy number I can be Number one in something if I look long and hard enough.

Oct 02, 2008 02:36 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Charles, I love the quote - so true... I really enjoyed statistics when I was in college.

Oct 02, 2008 09:45 PM
Charles McDonald®
Charlottesville Solutions - Charlottesville, VA
REALTOR®, Principal Broker®, Owner

@Jim - LOL "How much you want it to be?"

Oct 02, 2008 11:39 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

Charles:  I used to be in a department many years ago that primarily dealt with statistics and made projections from them.  I remember seeing a plaque in someone's office about lies, damn lies and statistics.  I've never forgotten it.  How true that really is.

Oct 03, 2008 12:34 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

You are so right! It was one of my first lessons in college years ago - you can make statistics do what you want them to do and it all sounds SO convincing!!!

Oct 07, 2008 06:49 AM