4S Ranch (Maybeck and one other)

[SD Realtor]

Yesterday I was pretty swamped. At the end of the day I visited Maybeck and another development at 4S with a nice couple. I think the other development was Chantaclair… I probably butchered the spelling. The activity was pretty darned brisk and this was from 4:30 to 6 pm.

I am not proposing anything then to report what I saw.

[an]

Here’s my theory, there will always be more people who want to buy than houses. However, at the bottom, not everyone can qualify while at the top, everyone can quality. So interest will always be there, but whether they can actually get a loan or not is a different story.

I just noticed that although Evergreen is supposed to be sold out, their plan 2 model is on the MLS now. Asking price is $850-899k. Well above the $790k starting price.

[23109VC]

i think on weekends, a lot of people jus go to look at houses for fun. maybe to think about buying, maybe to get decorating ideas, maybe they just like looking.

my wife and i looked at hosues for almost two years before we bought first time around….

we still go look fromt ime to time just to see what theprice sheets say – have they changed – and to get decorating ideas. 🙂 we’ve looked at a LOT of new developments, most of the time wtih NO intention of buying anything. we look like peole who can buy – walk in nicely dressed, pulled up in a nie car – they probably think we are potential buyers – and we aren’t.

i wonder though – at the more $$$ places – you probably have more people who can and will buy. the low priced places lost their subprime borrowers….but milli9on dollar places still have customers..maybe a few less than before, bu the “core” buyers who buy these places aren’t doing ARMs… just my guess.

[Alex_angel]

I have noticed this at a lot of new developments. Lots of people, the wife is excited and talks loud enough at her enjoyment of one day living there and the husband walking around like a zombie with a look that says “She is dreaming, we will never be able to afford this”.

Just like the post above. I love going around to look at model homes. Its just fun. Will I pay $800k for a home? Actually let me rephrase. Can I afford $800k on a new home? NOPE! and I make $155k a year and currently renting.

Kind of sad that I make so much yet can afford so little in this city.

[LostCat]

I go looking at new houses so I know what I want to do to the house I bought ten years ago.

[tech_junkie]

Just like the post above. I love going around to look at model homes. Its just fun. Will I pay $800k for a home? Actually let me rephrase. Can I afford $800k on a new home? NOPE! and I make $155k a year and currently renting.

 

Not trying to rain on your parade, but… $155k isn't exactly what I would consider "f u" money these days.  Especially if you factor in taxes takes probably 30-40% if your on W-2s. Considering new tech grads are seeing $70-80k while when I started it was closer to $40k. Inflation plus high taxes on W-2's will kill you.  But even so, you should be able to afford "a place" (possibly not a $800k), depending on your age and savings/investment. I guess the reason thing is it comes down to choice.

I've been working for 11 years and as an old fart, I'm really not counting on my salary going up much further:.  I've moved in and out of management positions, and got back to the basics of what I enjoy doing which is just doing tech stuff… I'm netting about $120k base with a roughly 20% bonus each year, which probably is on the low side of things, but I've stopped arguing over 1-2% raise increases if it meant that I wouldn't have to kill myself working 60hrs. Fortunately, being and old fart with a wife that also work and both  conservative in our spending habits have helped tremendously.  I only wish I had not participated in the dot com bust stock market. That really set back my retirement by about 10 years. Oh well, you live and learn. Maybe I can ask Congress for a bailout. Oh wait, the real problem was that I was stupid for participating in a "irrational exuerbance". The good news is that I have Lifetime Captial Losses Carryover 🙂

 

[an]

Considering new tech grads are seeing $70-80k while when I started it was closer to $40k.

Wow, which industry is this? I know plenty of people with 2-3 years experience barely breaking $70k. I also know plenty of people with 0-2 years experience starting around $50-55k. This is in telecom & gov contractor industry. Please tell me the industry that pay entry level $70-80k so I can get into that industry :-).

[Cow_tipping]

Information Tech, to be more specific, software engineering. The 70K entry jobs. The only problem is, they aren’t in San Diego, they are all in India … :-)).
I know. In 99 I easily made 100K, in 2006 I made 77K (I got myself to a cheaper city from my 99 (Northern CA). I can currently make 120K in Northern CA with the same job, but I think I’d seriously run the risk of being axed and replaced by a clone in india and be trying to make it on unemployment.
Cool.
Cow_tipping.

[no_such_reality]

Information Tech, to be more specific, software engineering. The 70K entry

Fresh grads aren’t coming in at $70K. Try $50K. Here’s the salary range for a Software Engineer I in San Diego.

[forsale_2007]

Information Tech, to be more specific, software engineering. The 70K entry Fresh grads aren't coming in at $70K. Try $50K. Here's the salary range for a Software Engineer I in San Diego.

 

Actually, that figure is correct for B.S. Not for masters new grads.

And there is a fine line between software engineer versus and I.T. "programmer" that mistakenly is classfied as  engineers". BTW.  I.T. workers aren't typically considered high tech/engineers. Programmers are easily replaceable. If you're in the field and you don't know the difference, that's part of the problem. And if you work for a company that doesn't know the difference, that's also a problem: Part of a well run company should know when do do things here, when to do it overseas, and when to hire a contractor(s).

 

 

[an]

A new grad w/ a master obviously will make more, but I don’t think they’re considered Software Engineering I. Last I check, a master new grade make about $5-10k more than a BS new grad. Given the time difference in entry, the guy w/ the BS can easily make up that $5-10k difference by the time the guy w/ the master graduate. That’s not considering the guy w/ the master now have the loan from graduate school to pay. The pay difference is not that big. The salary from salary.com is pretty precise. According to salary.com, a 4-6 years software engineer III make around $80k. No way a new grad w/ a master make that much. I know many guys w/ master and worked for 4-5 years, and they’re still in the $80-90k range.

[KeetyPoker]

I Agree. $70-80k is way too high for entry level tech jobs in San Diego. Maybe in the bay area but not around here.

[fun4vnay2]

For a new masters in ee; qualcomm pays ~75k.
I have a friend who is working for intel in austin, he gets paid ~63k as a new ms in ee

[tech_junkie]

For a new masters in ee; qualcomm pays ~75k. I have a friend who is working for intel in austin, he gets paid ~63k as a new ms in ee

 

That would be consistent with what I'm seeing to. We've been hiring a lot of new folks too. The thing is that top talent is hard to come by. Sad part is also these kids that are fresh from school are in a lot of ways better than a lot of old farts with bad habits. 

[Author]

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