[quote=kev374]
She claims the average salary for a Sr. Software Engineer in Southern California in the mid 90s was about $40,000/yr and today it is triple that. Hence the tripling of home prices from mid 90s to now.
I think this is hogwash. Who is right here?[/quote]
If that were the case, then the price to income ratio chart should be flat 🙂 The housing boom was driven by easy credit, lowering qualifications, and an everybody’s going to get rich mindset, had literally nothing to do with income.
I worked as a lowly Desktop guy in 97′ and I was making $55,000/yr. as a contractor. I took a 10% (or so) pay cut a year or so later(better company full time with benefits and stock). I’d guess a software engineer would make more than some desktop guy with a fresh MCSE.
