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What’s Wrong with Using Averages?

What’s Wrong with Using Averages?

Part 1: Ice Blocks and Hot Coals Let’s talk about averages. We are often asked “What are the average costs per square foot in [fill in the blank]?” Our answer is to use this illustration of average: If you stand with one foot on an ice block and one foot on a bed of...

Floods and Tornados and Quakes, oh my!

The atmospheric rivers, resulting flooding and mudslides in the Western U.S., the tornados in the deep south, and even a minor quake or two in Kansas and California remind us that disasters can occur anywhere and at any time. We cannot always predict what is coming...
3D Printed Homes

3D Printed Homes

Although the price of lumber skyrocketed and then moderated over the last two years, builders have been reluctant to switch to other construction techniques besides (typically) wood framing. Their reluctance is due to a lack of skilled workers in those alternative...

Does Sam Have Enough Coverage? Part 2

In Part 1 of this article we met Sam, who is concerned about whether his homeowners insurance policy will completely cover replacing his home. In order to help him decide his coverage amount we will start collecting data to determine both the most appropriate...