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December 13, 2007 at 8:57 AM #116152December 13, 2007 at 9:02 AM #115949(former)FormerSanDieganParticipant
I don’t see how the median income doesn’t go down in San Diego over the next few years. Even if the rest of the nation doesn’t go into recession (unlikely), the downturn in RE-related income will decrease significantly thus driving down the median income.
Overall incomes can go up during recessions, even bad ones.
Consider that during the last prolonged recession in San Diego the median household income increased from about 32K in 1990 to about 37K in 1995.
December 13, 2007 at 9:02 AM #116082(former)FormerSanDieganParticipantI don’t see how the median income doesn’t go down in San Diego over the next few years. Even if the rest of the nation doesn’t go into recession (unlikely), the downturn in RE-related income will decrease significantly thus driving down the median income.
Overall incomes can go up during recessions, even bad ones.
Consider that during the last prolonged recession in San Diego the median household income increased from about 32K in 1990 to about 37K in 1995.
December 13, 2007 at 9:02 AM #116111(former)FormerSanDieganParticipantI don’t see how the median income doesn’t go down in San Diego over the next few years. Even if the rest of the nation doesn’t go into recession (unlikely), the downturn in RE-related income will decrease significantly thus driving down the median income.
Overall incomes can go up during recessions, even bad ones.
Consider that during the last prolonged recession in San Diego the median household income increased from about 32K in 1990 to about 37K in 1995.
December 13, 2007 at 9:02 AM #116113(former)FormerSanDieganParticipantI don’t see how the median income doesn’t go down in San Diego over the next few years. Even if the rest of the nation doesn’t go into recession (unlikely), the downturn in RE-related income will decrease significantly thus driving down the median income.
Overall incomes can go up during recessions, even bad ones.
Consider that during the last prolonged recession in San Diego the median household income increased from about 32K in 1990 to about 37K in 1995.
December 13, 2007 at 9:02 AM #116157(former)FormerSanDieganParticipantI don’t see how the median income doesn’t go down in San Diego over the next few years. Even if the rest of the nation doesn’t go into recession (unlikely), the downturn in RE-related income will decrease significantly thus driving down the median income.
Overall incomes can go up during recessions, even bad ones.
Consider that during the last prolonged recession in San Diego the median household income increased from about 32K in 1990 to about 37K in 1995.
December 13, 2007 at 9:13 AM #115954(former)FormerSanDieganParticipantWhyBuy –
Thanks for bringing data.
68th income percentile is probably a reasonable target to use in affordability analysis.December 13, 2007 at 9:13 AM #116087(former)FormerSanDieganParticipantWhyBuy –
Thanks for bringing data.
68th income percentile is probably a reasonable target to use in affordability analysis.December 13, 2007 at 9:13 AM #116116(former)FormerSanDieganParticipantWhyBuy –
Thanks for bringing data.
68th income percentile is probably a reasonable target to use in affordability analysis.December 13, 2007 at 9:13 AM #116118(former)FormerSanDieganParticipantWhyBuy –
Thanks for bringing data.
68th income percentile is probably a reasonable target to use in affordability analysis.December 13, 2007 at 9:13 AM #116162(former)FormerSanDieganParticipantWhyBuy –
Thanks for bringing data.
68th income percentile is probably a reasonable target to use in affordability analysis.December 13, 2007 at 10:44 AM #116010sdrealtorParticipantDitto that FSD,
I dont necessarily believe the 75th percentile figure but knew we should be closer to that than to the 50th. I can live with the 68th percentile as being reasonable on an intuitive level.One additional refinement we should concisder is that we should try to look at this ZIP code if possible. A shift in the mix of homes sold could wreek havoc on the analysis. Limiting the geography would seem to make more sense to me.
Thanks again WhyBuy
December 13, 2007 at 10:44 AM #116138sdrealtorParticipantDitto that FSD,
I dont necessarily believe the 75th percentile figure but knew we should be closer to that than to the 50th. I can live with the 68th percentile as being reasonable on an intuitive level.One additional refinement we should concisder is that we should try to look at this ZIP code if possible. A shift in the mix of homes sold could wreek havoc on the analysis. Limiting the geography would seem to make more sense to me.
Thanks again WhyBuy
December 13, 2007 at 10:44 AM #116172sdrealtorParticipantDitto that FSD,
I dont necessarily believe the 75th percentile figure but knew we should be closer to that than to the 50th. I can live with the 68th percentile as being reasonable on an intuitive level.One additional refinement we should concisder is that we should try to look at this ZIP code if possible. A shift in the mix of homes sold could wreek havoc on the analysis. Limiting the geography would seem to make more sense to me.
Thanks again WhyBuy
December 13, 2007 at 10:44 AM #116173sdrealtorParticipantDitto that FSD,
I dont necessarily believe the 75th percentile figure but knew we should be closer to that than to the 50th. I can live with the 68th percentile as being reasonable on an intuitive level.One additional refinement we should concisder is that we should try to look at this ZIP code if possible. A shift in the mix of homes sold could wreek havoc on the analysis. Limiting the geography would seem to make more sense to me.
Thanks again WhyBuy
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