50% off is the regular price.

[SDEngineer]

[quote=Rt.66]SD average wages for 2007 was $61k and expected to fall from there.

2.5 times earnings ($61k) equals $152,500.00

Housing prices at 2.5 times earnings is a good historical ratio for bad economic times.

[/quote]

Not in San Diego it’s not. The historical San Diego household income/price ratio is above 4. In really bad economic times, it’s dropped to 3.5 here. San Diego is a really popular place to live, and we pay for it – just like other really popular cities pay for it. This isn’t Cleveland or Minneapolis (where I’m sure a 2.5x ratio is obtainable in bad economic times).

Pleny of Rich’s charts go back to the 70’s (although he uses per capita income rather than household income), and 2.5x household earnings simply doesn’t happen here.

see here:

Shambling Towards Affordability (December 2008 Edition)

(bearing in mind that a 61.8K household income is roughly equivalent to 2x per capita income (30K in 2007), the best ratio in the past 30 years was in 1997, at about a 3.75:1 ratio)

[Rt.66]

Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.

And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)

For everyone fortunate one like you I bet there are two people out there making exactly….. unemployment benefits compared to their 2002 pay.

[Rt.66]

Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.

And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)

For everyone fortunate one like you I bet there are two people out there making exactly….. unemployment benefits compared to their 2002 pay.

[Rt.66]

Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.

And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)

For everyone fortunate one like you I bet there are two people out there making exactly….. unemployment benefits compared to their 2002 pay.

[Rt.66]

Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.

And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)

For everyone fortunate one like you I bet there are two people out there making exactly….. unemployment benefits compared to their 2002 pay.

[Rt.66]

Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.

And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)

For everyone fortunate one like you I bet there are two people out there making exactly….. unemployment benefits compared to their 2002 pay.

[jpinpb]

[quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]

One major difference in that bubble is we did not require government intervention.

[jpinpb]

[quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]

One major difference in that bubble is we did not require government intervention.

[jpinpb]

[quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]

One major difference in that bubble is we did not require government intervention.

[jpinpb]

[quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]

One major difference in that bubble is we did not require government intervention.

[jpinpb]

[quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]

One major difference in that bubble is we did not require government intervention.

[Coronita]

San Diego isn’t quite like detroit or cleveland. Not by a long shot i’d say…or for that matter L.A. nor Bay Area is quite like detroit or cleveland.

A good portion of Detroit’s problems are tied not only to just the auto industry, but specifically GM and Chrysler. That’s a double whammy.

[Coronita]

San Diego isn’t quite like detroit or cleveland. Not by a long shot i’d say…or for that matter L.A. nor Bay Area is quite like detroit or cleveland.

A good portion of Detroit’s problems are tied not only to just the auto industry, but specifically GM and Chrysler. That’s a double whammy.

[Coronita]

San Diego isn’t quite like detroit or cleveland. Not by a long shot i’d say…or for that matter L.A. nor Bay Area is quite like detroit or cleveland.

A good portion of Detroit’s problems are tied not only to just the auto industry, but specifically GM and Chrysler. That’s a double whammy.

[Coronita]

San Diego isn’t quite like detroit or cleveland. Not by a long shot i’d say…or for that matter L.A. nor Bay Area is quite like detroit or cleveland.

A good portion of Detroit’s problems are tied not only to just the auto industry, but specifically GM and Chrysler. That’s a double whammy.

[Author]

Posts