[quote=flyer]Agree with everyone’s comments. As mentioned, many do very well after college, as our kids have, and as you’ve said your kids have. Most here would be in the top 20% or higher, so that doesn’t surprise me.
The main issue we’re seeing with kids who have been raised in San Diego, and CA in general, is that they have a difficult time finding the job they want in San Diego or CA, and don’t want to relocate.
That’s what I meant when I said many can’t get the jobs they want, where they want them. BG, you’re kids sound like they are doing great in the Bay Area, but quite a few we know don’t want to go up there due to the cost of living, weather, etc., so, again, they are limited by the choices they are willing to make.
Apparently, many parents are not telling their kids degrees do not come with guarantees, and I won’t even go into how disillusioned they are when they find out they can’t afford homes in the golden state–but we’ve been down that thread before.[/quote]
My youngest would prefer to stay in LA for work after college … preferably their current “stomping ground” which is Pasadena and points east/southeast to the county line. That’s not to say they wouldn’t take a job in an OC financial center mecca (16-25 miles from where they currently reside). The cost of living is far less in the SGV (the lesser-expensive cities) than it is anywhere in the bay-area counties.
I think Gen Y CAN afford a home, even in the bay area … if they have a prospective “buying partner” (preferably spouse), both prospective buyers are working FT in their respective fields and they save as much as possible every month for 2-3 years while they DON’T have any kids. Also, to be able to buy in close-in bay-area counties, many of them need to lower their housing expectations to a 3/2/2 older home. Of course, having a prospective “buying partner” with an outstanding student loan liability is a HUGE deterrent to being able to afford a home.
flyer, a Native San Diegan recent college graduate MUST be willing to relocate if they want to get a chance at making a living wage or better, or, some cases, work in their fields of major at all. If they’re still in their parents back bdrm (for “free” or nearly so) ~3 years after college graduation hanging with their HS homies on weekends and working in a local restaurant/retail, then their parents have been too soft on them, imho.
The millenial recent college grads are still young and can always return to SD County later for a new job after they have amassed a stockpile of cash somewhere else which is cheaper to live in … that is, if they still want to by then.
