San Diego Housing Bubble News and Analysis

I invite everybody else to go first. :)

haha, after you.

We are a two parent family with a stay at home mom, three kids, 100k income.

JS

I should have started it off...

2-parent household, 1 income earner (me) and 1 hard worker (my wife), 2 kids, $108K

Freddie, Proud USC Trojan

Really bad idea!

mydogsarelazy, you appear to be an underperformer for being a proud graduate of Leland Stanford U.

And, T4L, you appear to be an overachiever for being a USC grad.

Here's a less-intrusive way to ask.

According to the US Census Bureau, the following are the median income levels in San Diego County for 2005 (in 2005 dollars) :

Per capita income : 28,329
Median Household Income: 56,335
Median Family Income : 66,178

Please answer the following:

1. Is your family income greater than or less than the median ?

2. Is your household income greater or less than the median ?

3. Is your per capita income less than or greater than the median ?

By the way, just curious ...
Is your moniker intended to encourage the use of a certain brand of prophylactics to avoid life-threatening disease, or are you a USC grad ?

oops, while I was preparing a response you answered my question regarding your moniker. I hope it wasn't too personal a question.

Then don't respond, but my theory is that the readers of this blog are likely very high income earners ($80K+) and this leads me to say that if those households with that kind of income are so severely affected by the housing bubble, then we may a larger affordability problem than we think.

Freddie, Proud USC Trojan

Former SanDiegan,

I wasn't planning on conducting a scientific survey with all of the work that goes into it...just a quick look. i really wanted to see numbers, not yes or no.

While I am a fan of finer prophylactics, I am a USC grad. So now you can beat me up even more for every error I make in my postings.

Freddie, Proud USC Trojan

I love you too, JG!

Freddie, Proud USC Trojan

I would bet that almost all of the posters here earn over 75k, unless they are in their 20s and haven't worked up to that yet.

OK, I'll help you prove your point, but I don't want to put a number out there. Our family of four is above the median according to the three measures for SD county.

I could take care of a few median HH's

Freddie, I'm an ex Naval Officer. I also went to U. of Texas as an undergrad (and thoroughly enjoyed the Rose Bowl of two years ago). I'm just trying to get some interservice ribbing going on.

Like, does your $40K pension from the Air Force cover your disability for turf toe from all of that time on the gold course?

Aside, my wife went to USC and was a Tri Delt. My 11 year old son enjoys irritating her by actuating his 'talking' pen: it has a recording of the announcer breathlessly detailing Vince Young's 'with time running out' touchdown at that Rose Bowl.

Actually, USC has gotten a lot better over the years. Used to be, University of Spoiled Children. Now, it's like Stanford, Berkeley, and UCLA: University of Scarce Caucasians.

JG,

UUUUGGGGHHHH!!! I almost died that day during the RB, 5 minutes left and I thought we had that game locked up! Have to give Vince his props, we simply could not tackle him.

We irritate our Univ of Oregon neighbors by constantly using our USC bottle opener at gatherings. Plays the fight song!

This year's average freshman admit was carrying a 3.9 GPA in High School and sporting about a 1300 SAT.

Freddie, Proud USC Trojan

non-USC-Stanford-UCLA-Bekeley-UCSD graduate here: 2 income, 180K

regarding formersandiagan's post, what's diff b/t family and household income??

Since education got brought up, I am probably quite low in terms of earnings compared to other Stanford grads from my class.

That said, as an art professor, I think I am way high on career satisfaction.

Just being a bit defensive here...

JS

Family and household income for the purpose of this thread are interchangable.

Freddie, Proud USC Trojan

is household defined as income of all inhabitants? ie., kids, roommates, etc? i think it is and i think the census numbers are skewed because of it.

I take the value added approach to life..LOL
Actually all things considered about 100K a year for wife and self ,10 year average including some realized sweat equity (not bubble money). She has a 4yr degree I quit school(not the 4th grade JG!) No pension money yet.
We are adjusting to family and both want to be near our kids until and after they start school and beyond. We both,roughly speaking, work part time and won't hit that average for a while, maybe.

That family and household thing has me perplexed as well. It's a 17% difference, and Family income is higher than household. Here are the Census Bureau's definition of family and household.

Family
A group of two or more people who reside together and who are related by birth, marriage, or adoption.

Household
A household includes all the people who occupy a housing unit as their usual place of residence.

If household income were higher than family income I would get it. BUT, family income is somehow higher than household income.

So, riddle me this : How can a group of related people reside together, but not occupy the same housing unit ?

Source :
http://factfinder.census.gov/home/saff/m...

hh

household income $200k, both college educated, two kids.

USNA grad here - Go Navy! Single, no kids (just 3 fat cats) - 115K.

College students live together and don't earn much.

Divorced mother, 1 kid, $97K

USC Grad, non-caucasian

Thanks PD. I guess that also applies to post-college roomies as well. Now I get it, duh!

what is the point of a household statistic when the members of the house are not financially committed to each other?

family income, ok, you use that measure how well families are doing as well as calculate how much money you can take from them.

individual income, same, although the differences in per capita, median-male, median-female, etc are twisted.

but the household number... seems a distraction from the appalling poverty rate and per capita numbers.

which reminds me, how many homes are there per person?

2 kids, 1 wife, 50K, living on ramen in CV :)