la jolla pig I am an ASIC designer and nobody in our group makes 150k… I have been up the management ladder and several years ago decided to go back to the engineering life as I didn’t like management. Not a single engineer on our team makes 150k and that is a staff where the average experience level is about 14 years.
Getting back to your general point I do not agree that LJ is near a bottom. Now I also do not believe LJ will see the biggest drops that other zips have seen either. Let’s be clear that we are discussing single family detached homes, not condos off of Gilman either. I do believe there will be an overall lower distress level for SFH homes in LJ due to the age of most entrenched homeowners there. Also more people there have the ability to so screw you market I am gonna ride this storm out.
Now on another point of which you did not allude to but that people consistently don’t fathom is that sheer amount of money out there. There are alot of people who have made alot of money. Most of these people are NOT engineers. Us engineers are generally types who have clung to engineering because we kind of like it, but are also afraid to go out on our own and go for the big bucks. Being an engineer gives you a comfortable salary but one which you will not be really wealthy unless you have invested extraordinarly well or have other business interests going. However I know (and am quite envious) of many people who did chuck the 9-5 job and virtually gauranteed salary in order to strike it out on thier own and have done quite well. Not only making more money but living a much better lifestyle then us 9 to 5ers.
Sorry to ver off topic but in a roundabout way I do agree that there is ALOT of money out there and I think that is a point that is severely underestimated on Piggington. However I don’t see a bottom or V shaped long term trend for La Jolla.
