Gotta chime in on this one. SD realtor your post somehow suggested that there are all these young engineers walking around making buckets of money, that just isn’t so. Asianautica is right it takes almost 10 years to hit 100k. Engineers today earn about what they did twenty years ago, adjusted for inflation.
During the height of the boom that was true. You can’t however compare the height of the boom and make it seem average its not. I was one of those overpaid engineers, just out of school, at that time. For the priveledge of being overpaid for one to one and a half years I paid the price of being unemployed for 7+ months over the next 2 years.
There is alot of IT in San Diego, but alot of those jobs aren’t necessarily the highest rungs of the ladder. There are lots of sys admins and server admins etc who make 40-70 a year.
Its ludicrous to posit that any one profession is powerfull enough to move the market. If so housing prices would have exploded in 1998, when the tech bubble was forming. Not over the last 6 while the job market has been mostly lackluster to say the least.
