Building the Dream s6e4 - Are they exaggerating the profits?
I just watched this week's Building the Dream
The house was very nice and for some bizarre reason the owners sold the plot without planning permission even though achieving planning does not seem to have been contentious. I found the original planning application and there was not one comment. Indeed the original proposed house was somewhat larger as it was 2.5 storeys high although the final design was probably nicer.
However, they claimed to have spent £480,000 and had
Average prices of 'stuff'.
There are at least six ways of working this out.
You need to take the mean, median and mode prices and then compare those to the volume of sales.
So taking two cars, a Fiesta at 12,000 and a Bugatti at 1,500,000, gives you a mean price of 756,000
Now take 3 cars, a Fiesta at 12,000, a Bugatti at 1,500,000 and a Scenic at 22,000, mean price is now, 511,333, but the median value is 22,000
Now 5 cars, Fiesta at 12,000, a Bugatti at 1,500,00