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	<title>Comments on: Weekend Update: PF101 Edition</title>
	<atom:link href="http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/</link>
	<description>personal finance that makes cents</description>
	<pubDate>Sun, 22 Nov 2009 00:35:12 +0000</pubDate>
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		<title>By: Justin</title>
		<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-102058</link>
		<dc:creator>Justin</dc:creator>
		<pubDate>Tue, 23 Oct 2007 16:32:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-102058</guid>
		<description>The problem with the balloon graph is simple. They related the number of people to the radius of the balloon, but the human mind is actually seeing the volume of the balloon. Which is (4/3 * PI * Radius ^ 3), which makes the expansion seem much larger than it really is.

They likely did this on purpose, to make the expansion seem much larger than it actually is. A simple bar or line graph would have given a better representation of the growth rate.

And thanks for the link about selling oneself. I have always been on the shy side, self-esteem issues and all. It's something I'm getting better with, but reading about and being reminded is always nice.</description>
		<content:encoded><![CDATA[<p>The problem with the balloon graph is simple. They related the number of people to the radius of the balloon, but the human mind is actually seeing the volume of the balloon. Which is (4/3 * PI * Radius ^ 3), which makes the expansion seem much larger than it really is.</p>
<p>They likely did this on purpose, to make the expansion seem much larger than it actually is. A simple bar or line graph would have given a better representation of the growth rate.</p>
<p>And thanks for the link about selling oneself. I have always been on the shy side, self-esteem issues and all. It&#8217;s something I&#8217;m getting better with, but reading about and being reminded is always nice.</p>
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		<title>By: Angie</title>
		<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101952</link>
		<dc:creator>Angie</dc:creator>
		<pubDate>Tue, 23 Oct 2007 04:55:20 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101952</guid>
		<description>I don't know if the Mighty Bargain Hunter him- or herself will see this, and I'm too lazy to go comment directly, but his critique about the house size is totally off the mark. 

The issue is about comparing square footage. The genesis of the argument stems from available space in houses, but his rug analogy (10 x 10 feet == 100 sf, 20 x 20 ft == 400 sf) works just as well. Yes, the length of the rug has only doubled from the former to the latter....but we don't only use the linear dimension. The actual, usable, *relevant* issue is how much space the rug takes up on the floor--the square footage--which is four times as much. 

Now, I know from small houses. Last house I lived in had less than 700 finished sf of living space. The house I'm in now has about 1400 sf of living space. That's fully *two times* as much living space---NOT 1.4 (square root of two) times the living space. 

The quibble with the NPR graph seems to be that it's trying to depict the footprint of the house with a representation of the exterior (i.e., a view of the perimeter of the footprint). But I argue that the figure actually *does* accomplish what it set out to do, in a graphic way: convey that current houses embody twice as much of the relevant space (i.e., footprint) as the houses of 50 years ago. Trying to show several teeny weeny floorplans might have been more "formally correct", but would have been a graphic design nightmare.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t know if the Mighty Bargain Hunter him- or herself will see this, and I&#8217;m too lazy to go comment directly, but his critique about the house size is totally off the mark. </p>
<p>The issue is about comparing square footage. The genesis of the argument stems from available space in houses, but his rug analogy (10 x 10 feet == 100 sf, 20 x 20 ft == 400 sf) works just as well. Yes, the length of the rug has only doubled from the former to the latter&#8230;.but we don&#8217;t only use the linear dimension. The actual, usable, *relevant* issue is how much space the rug takes up on the floor&#8211;the square footage&#8211;which is four times as much. </p>
<p>Now, I know from small houses. Last house I lived in had less than 700 finished sf of living space. The house I&#8217;m in now has about 1400 sf of living space. That&#8217;s fully *two times* as much living space&#8212;NOT 1.4 (square root of two) times the living space. </p>
<p>The quibble with the NPR graph seems to be that it&#8217;s trying to depict the footprint of the house with a representation of the exterior (i.e., a view of the perimeter of the footprint). But I argue that the figure actually *does* accomplish what it set out to do, in a graphic way: convey that current houses embody twice as much of the relevant space (i.e., footprint) as the houses of 50 years ago. Trying to show several teeny weeny floorplans might have been more &#8220;formally correct&#8221;, but would have been a graphic design nightmare.</p>
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		<title>By: plonkee</title>
		<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101916</link>
		<dc:creator>plonkee</dc:creator>
		<pubDate>Mon, 22 Oct 2007 21:32:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101916</guid>
		<description>Did they just put random sized balloons up, or is it really supposed to mean something, d'ya reckon.</description>
		<content:encoded><![CDATA[<p>Did they just put random sized balloons up, or is it really supposed to mean something, d&#8217;ya reckon.</p>
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		<title>By: JerichoHill</title>
		<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101834</link>
		<dc:creator>JerichoHill</dc:creator>
		<pubDate>Mon, 22 Oct 2007 11:58:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101834</guid>
		<description>PF101 better not have said bad things bout me</description>
		<content:encoded><![CDATA[<p>PF101 better not have said bad things bout me</p>
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		<title>By: mbhunter</title>
		<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101752</link>
		<dc:creator>mbhunter</dc:creator>
		<pubDate>Mon, 22 Oct 2007 03:23:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101752</guid>
		<description>That graph you linked to really is horribly misleading.  I agree.</description>
		<content:encoded><![CDATA[<p>That graph you linked to really is horribly misleading.  I agree.</p>
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		<title>By: Joshua</title>
		<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101707</link>
		<dc:creator>Joshua</dc:creator>
		<pubDate>Sun, 21 Oct 2007 20:16:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101707</guid>
		<description>Yeah man the weather in Oregon is bizarre. I'm in Ashland right now, I come from Calgary Canada which has a pretty random weather cycle, but Oregon is a whole new dimension of weirdness one minute its raining then its sunny then rainy then sunny back and forth non stop, its enough to make a man crazy.</description>
		<content:encoded><![CDATA[<p>Yeah man the weather in Oregon is bizarre. I&#8217;m in Ashland right now, I come from Calgary Canada which has a pretty random weather cycle, but Oregon is a whole new dimension of weirdness one minute its raining then its sunny then rainy then sunny back and forth non stop, its enough to make a man crazy.</p>
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		<title>By: Appfunds</title>
		<link>http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101705</link>
		<dc:creator>Appfunds</dc:creator>
		<pubDate>Sun, 21 Oct 2007 19:30:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.getrichslowly.org/blog/2007/10/21/weekend-update-pf101-edition/#comment-101705</guid>
		<description>Greetings from Poland !
Thanks for your work.

We share the weather, too. Unfortunately.</description>
		<content:encoded><![CDATA[<p>Greetings from Poland !<br />
Thanks for your work.</p>
<p>We share the weather, too. Unfortunately.</p>
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