We calculated it three different ways so nobody can complain. We did it by average price, by median price and then average price per square foot. The reason for price per square foot is if someone goes into a ZIP code and builds 800 or 1,000 condominiums where they traditionally have 2,300-square-foot single-family homes, we didn`t want that number to be skewed.
- Larry MurphyWhat happens with condominiums is people end up buying them as investments and renting them as apartments.
- Arlene Johnson