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Nor-LA-SD-guy.
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April 17, 2009 at 7:48 PM #384037April 17, 2009 at 7:49 PM #383408
CoronitaParticipant[quote=SDEngineer][quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.[/quote]
There is a reason why you can find a $3000 SFH in Detroit. Those auto manufacturing jobs aren’t going to go back to detroit. And Detroit failed to diversify into other industries. It’s going to be another rustbelt.
April 17, 2009 at 7:49 PM #383672CoronitaParticipant[quote=SDEngineer][quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.[/quote]
There is a reason why you can find a $3000 SFH in Detroit. Those auto manufacturing jobs aren’t going to go back to detroit. And Detroit failed to diversify into other industries. It’s going to be another rustbelt.
April 17, 2009 at 7:49 PM #383864CoronitaParticipant[quote=SDEngineer][quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.[/quote]
There is a reason why you can find a $3000 SFH in Detroit. Those auto manufacturing jobs aren’t going to go back to detroit. And Detroit failed to diversify into other industries. It’s going to be another rustbelt.
April 17, 2009 at 7:49 PM #383911CoronitaParticipant[quote=SDEngineer][quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.[/quote]
There is a reason why you can find a $3000 SFH in Detroit. Those auto manufacturing jobs aren’t going to go back to detroit. And Detroit failed to diversify into other industries. It’s going to be another rustbelt.
April 17, 2009 at 7:49 PM #384042CoronitaParticipant[quote=SDEngineer][quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.[/quote]
There is a reason why you can find a $3000 SFH in Detroit. Those auto manufacturing jobs aren’t going to go back to detroit. And Detroit failed to diversify into other industries. It’s going to be another rustbelt.
April 17, 2009 at 8:52 PM #383421SDEngineer
Participant[quote=Rt.66]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
[/quote]Flu is quite right in his answer.
The fact is, my company does use Indian engineers for some purposes. I supervise 6 of them myself. We use them for routine stuff – maintenance and testing mostly. In total, our company employs about as many Indian engineers as U.S. engineers.
For innovation, that’s done here. For mission critical coding, also done here. The fact of the matter is that being half a world away, theres less accountability to the home office, and typically their code isn’t quite up to what US trained engineers generate. There are quite a few really good Indian engineers – but they command a premium.
Software is advancing in size and complexity so quickly that we could employ every Indian engineer that graduates (actually, between the U.S. and Europe, we pretty much do) and STILL have jobs for all the American engineers as well.
The areas where outsourcing hurts tech jobs mostly is in very routine stuff that is NOT engineering – stuff like manual testing.
April 17, 2009 at 8:52 PM #383686Participant[quote=Rt.66]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
[/quote]Flu is quite right in his answer.
The fact is, my company does use Indian engineers for some purposes. I supervise 6 of them myself. We use them for routine stuff – maintenance and testing mostly. In total, our company employs about as many Indian engineers as U.S. engineers.
For innovation, that’s done here. For mission critical coding, also done here. The fact of the matter is that being half a world away, theres less accountability to the home office, and typically their code isn’t quite up to what US trained engineers generate. There are quite a few really good Indian engineers – but they command a premium.
Software is advancing in size and complexity so quickly that we could employ every Indian engineer that graduates (actually, between the U.S. and Europe, we pretty much do) and STILL have jobs for all the American engineers as well.
The areas where outsourcing hurts tech jobs mostly is in very routine stuff that is NOT engineering – stuff like manual testing.
April 17, 2009 at 8:52 PM #383879Participant[quote=Rt.66]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
[/quote]Flu is quite right in his answer.
The fact is, my company does use Indian engineers for some purposes. I supervise 6 of them myself. We use them for routine stuff – maintenance and testing mostly. In total, our company employs about as many Indian engineers as U.S. engineers.
For innovation, that’s done here. For mission critical coding, also done here. The fact of the matter is that being half a world away, theres less accountability to the home office, and typically their code isn’t quite up to what US trained engineers generate. There are quite a few really good Indian engineers – but they command a premium.
Software is advancing in size and complexity so quickly that we could employ every Indian engineer that graduates (actually, between the U.S. and Europe, we pretty much do) and STILL have jobs for all the American engineers as well.
The areas where outsourcing hurts tech jobs mostly is in very routine stuff that is NOT engineering – stuff like manual testing.
April 17, 2009 at 8:52 PM #383926Participant[quote=Rt.66]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
[/quote]Flu is quite right in his answer.
The fact is, my company does use Indian engineers for some purposes. I supervise 6 of them myself. We use them for routine stuff – maintenance and testing mostly. In total, our company employs about as many Indian engineers as U.S. engineers.
For innovation, that’s done here. For mission critical coding, also done here. The fact of the matter is that being half a world away, theres less accountability to the home office, and typically their code isn’t quite up to what US trained engineers generate. There are quite a few really good Indian engineers – but they command a premium.
Software is advancing in size and complexity so quickly that we could employ every Indian engineer that graduates (actually, between the U.S. and Europe, we pretty much do) and STILL have jobs for all the American engineers as well.
The areas where outsourcing hurts tech jobs mostly is in very routine stuff that is NOT engineering – stuff like manual testing.
April 17, 2009 at 8:52 PM #384057Participant[quote=Rt.66]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
[/quote]Flu is quite right in his answer.
The fact is, my company does use Indian engineers for some purposes. I supervise 6 of them myself. We use them for routine stuff – maintenance and testing mostly. In total, our company employs about as many Indian engineers as U.S. engineers.
For innovation, that’s done here. For mission critical coding, also done here. The fact of the matter is that being half a world away, theres less accountability to the home office, and typically their code isn’t quite up to what US trained engineers generate. There are quite a few really good Indian engineers – but they command a premium.
Software is advancing in size and complexity so quickly that we could employ every Indian engineer that graduates (actually, between the U.S. and Europe, we pretty much do) and STILL have jobs for all the American engineers as well.
The areas where outsourcing hurts tech jobs mostly is in very routine stuff that is NOT engineering – stuff like manual testing.
April 17, 2009 at 9:07 PM #383426temeculaguy
ParticipantThe misleading part about median income to median house it it fails to chop off the bottom 1/3 of earners who will not be/should not be buyers. S.D. is historically in the 4-7x median to median with some sub 4 years and the most recent bubble hitting 11. Apartments dwellers are included in the median income but the apartments themselves are not included in the median sales price because they are not sold individually. So you are including players into the statistical game on one side of the formula yet they aren’t on the other side. If nothing was rented and all apartments were individually owned as condos the numbers would be true, the current formula is flawed.
S.D. had a worse median to median ratio than detroit and I’ll bet Hawaii is worse than S.D., history of a particular market matter, not national or rustbelt numbers.
In fact I ran Lahaina in Maui, 61k median income, 1.8 million median home price
If rt.66 is right and we get to buy a pad on maui for 2.5x median income, I’ll pack my shit right now.
I actually like Southwest Maui better (Kihei, Wailea, Makena) and the median there was only 54k, the good news is that houses were much cheaper, 850k median, so when I can get one for 125k, I wont even bother packing, I’ll get new stuff once I get there.
April 17, 2009 at 9:07 PM #383691ParticipantThe misleading part about median income to median house it it fails to chop off the bottom 1/3 of earners who will not be/should not be buyers. S.D. is historically in the 4-7x median to median with some sub 4 years and the most recent bubble hitting 11. Apartments dwellers are included in the median income but the apartments themselves are not included in the median sales price because they are not sold individually. So you are including players into the statistical game on one side of the formula yet they aren’t on the other side. If nothing was rented and all apartments were individually owned as condos the numbers would be true, the current formula is flawed.
S.D. had a worse median to median ratio than detroit and I’ll bet Hawaii is worse than S.D., history of a particular market matter, not national or rustbelt numbers.
In fact I ran Lahaina in Maui, 61k median income, 1.8 million median home price
If rt.66 is right and we get to buy a pad on maui for 2.5x median income, I’ll pack my shit right now.
I actually like Southwest Maui better (Kihei, Wailea, Makena) and the median there was only 54k, the good news is that houses were much cheaper, 850k median, so when I can get one for 125k, I wont even bother packing, I’ll get new stuff once I get there.
April 17, 2009 at 9:07 PM #383884ParticipantThe misleading part about median income to median house it it fails to chop off the bottom 1/3 of earners who will not be/should not be buyers. S.D. is historically in the 4-7x median to median with some sub 4 years and the most recent bubble hitting 11. Apartments dwellers are included in the median income but the apartments themselves are not included in the median sales price because they are not sold individually. So you are including players into the statistical game on one side of the formula yet they aren’t on the other side. If nothing was rented and all apartments were individually owned as condos the numbers would be true, the current formula is flawed.
S.D. had a worse median to median ratio than detroit and I’ll bet Hawaii is worse than S.D., history of a particular market matter, not national or rustbelt numbers.
In fact I ran Lahaina in Maui, 61k median income, 1.8 million median home price
If rt.66 is right and we get to buy a pad on maui for 2.5x median income, I’ll pack my shit right now.
I actually like Southwest Maui better (Kihei, Wailea, Makena) and the median there was only 54k, the good news is that houses were much cheaper, 850k median, so when I can get one for 125k, I wont even bother packing, I’ll get new stuff once I get there.
April 17, 2009 at 9:07 PM #383930ParticipantThe misleading part about median income to median house it it fails to chop off the bottom 1/3 of earners who will not be/should not be buyers. S.D. is historically in the 4-7x median to median with some sub 4 years and the most recent bubble hitting 11. Apartments dwellers are included in the median income but the apartments themselves are not included in the median sales price because they are not sold individually. So you are including players into the statistical game on one side of the formula yet they aren’t on the other side. If nothing was rented and all apartments were individually owned as condos the numbers would be true, the current formula is flawed.
S.D. had a worse median to median ratio than detroit and I’ll bet Hawaii is worse than S.D., history of a particular market matter, not national or rustbelt numbers.
In fact I ran Lahaina in Maui, 61k median income, 1.8 million median home price
If rt.66 is right and we get to buy a pad on maui for 2.5x median income, I’ll pack my shit right now.
I actually like Southwest Maui better (Kihei, Wailea, Makena) and the median there was only 54k, the good news is that houses were much cheaper, 850k median, so when I can get one for 125k, I wont even bother packing, I’ll get new stuff once I get there.
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