Research is so important … but do we actually understand what we are looking at?
Just a bit of fun we came across last week which might let you question if you do some property research is so important but do you really understand it?
The general story was based on the fact that many people do not believe in global warming caused by humans. For those of us who do believe we may be ruining our planet, this at least helps to understand the position of those un-believers.
There is no dispute that gases caused by burning carbon, particularly CO2, is increasing in our atmosphere. There is also no dispute that our climate is changing and the earth is “warming”. Where the dispute lies is whether or not these two factors are related or just coincidently happening at the same time; in other words, do these two facts correlate; one actually is causing the other?
It’s always amused me the way we can take undisputable facts and interpret them in so many different and sometimes stupid ways. I have known, for example, that if ice cream was completely banned in the USA and UK, then much fewer children would die in pedestrian accidents! What is happening here, of course, is that in hot summer days, many more children are at risk playing outside on or near roads and of course, more ice cream is eaten in hot weather. These two facts are not necessarily related but they correlate very highly – the more ice cream that is eaten, the more children are involved in pedestrian accidents.
Here we have a book of these spurious correlations, well worth a look and a laugh; find out who many more people die in swimming pool accidents with how busy Nicolas Cage is making new movies! …. Or how the divorce rate in Maine follows the amount of margarine consumed in the State!
So how does the price of housing correlate with no negative gearing? Or how do we pick the best suburbs for investment property? Or what causes the best growth suburbs? …. Probably all correlates with the number of stars in the sky!
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