50% off is the regular price.

[Nor-LA-SD-guy]

[quote=Rt.66][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, in that burst a large part of the industry picked up and left taking a lot of the most talented people in the region with them. That’s not happening this time.

I would guess that when the economy turns, the market will SLOWLY start to recover, That being said I would think by 2017 we would be back close to peak price …

OK everyone go ahead take your best shot ,,, Just kidding.

[/quote]

You are correct. In 1991-1997 “a large part of “the” industry picked up and left”. Today ALL employers are cutting back. Worst unemployment in 25-30 years, right now and gaining steam fast.

As for this depression versus previous ones?

” The state’s economic decline is sweeping, making the recession the “worst in the postwar period,” DeVol director of regional economics for the Milken Institute in Santa Monica said”

As for losing talented people we can check that off too. Last few reports I read showed CA is losing upper-middle class educated people in droves and growing only through immigration.

Thanks for playing:)[/quote]

Actually there has been a fairly large domestic migration into SoCal over the last year, that is keeping our (now don’t get me wrong unemployment is bad in SoCal) but the domestic migration is keeping our unemployment about 2% higher due to people moving here from other states and looking for work here.

This happen during the great depression and during the 1980-1983 recession as well.

I think most can remember what happen to SoCal housing after those ended.

[barnaby33]

Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh

[barnaby33]

Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh

[barnaby33]

Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh

[barnaby33]

Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh

[barnaby33]

Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh

[ralphfurley]

[quote=SDEngineer][quote=ralphfurley]
We’d you read that? Not saying it’s wrong, just curious. I was under the impression that wages have not risen since 2001. Maybe that was LA county. [shrug][/quote]

2007 household income figure for San Diego County was $61,794, supplied by the U.S. Census Bureau 2007 American Community Survey.

Available at the below link, select American Community Survey -> Get Data -> 2007 ACS 1 year data, select data profiles, select geographic type county, select CA, select SD County.

http://factfinder.census.gov

2000 household income figure was $47,067, again supplied by the U.S. Census Bureau (same link as above, select Decennial census, select SF3 data set, select Detailed Tables, select Geographic Type County, select CA, select SD County, look up P53 Median Household Income)

This is almost exactly a 30% gain (29.99%) from a 2000 measurement point to 2008 measurement point (1999-2007 income years).

We did pretty well overall, by most of the inflation estimates we are above inflation. Most of the U.S. was either flat in comparison to inflation, or lost a little bit of ground (even in those situations though, incomes still rose, just not as fast as inflation for the vast majority of the U.S.)
[/quote]
Thank you for the info and link.

[ralphfurley]

[quote=SDEngineer][quote=ralphfurley]
We’d you read that? Not saying it’s wrong, just curious. I was under the impression that wages have not risen since 2001. Maybe that was LA county. [shrug][/quote]

2007 household income figure for San Diego County was $61,794, supplied by the U.S. Census Bureau 2007 American Community Survey.

Available at the below link, select American Community Survey -> Get Data -> 2007 ACS 1 year data, select data profiles, select geographic type county, select CA, select SD County.

http://factfinder.census.gov

2000 household income figure was $47,067, again supplied by the U.S. Census Bureau (same link as above, select Decennial census, select SF3 data set, select Detailed Tables, select Geographic Type County, select CA, select SD County, look up P53 Median Household Income)

This is almost exactly a 30% gain (29.99%) from a 2000 measurement point to 2008 measurement point (1999-2007 income years).

We did pretty well overall, by most of the inflation estimates we are above inflation. Most of the U.S. was either flat in comparison to inflation, or lost a little bit of ground (even in those situations though, incomes still rose, just not as fast as inflation for the vast majority of the U.S.)
[/quote]
Thank you for the info and link.

[ralphfurley]

[quote=SDEngineer][quote=ralphfurley]
We’d you read that? Not saying it’s wrong, just curious. I was under the impression that wages have not risen since 2001. Maybe that was LA county. [shrug][/quote]

2007 household income figure for San Diego County was $61,794, supplied by the U.S. Census Bureau 2007 American Community Survey.

Available at the below link, select American Community Survey -> Get Data -> 2007 ACS 1 year data, select data profiles, select geographic type county, select CA, select SD County.

http://factfinder.census.gov

2000 household income figure was $47,067, again supplied by the U.S. Census Bureau (same link as above, select Decennial census, select SF3 data set, select Detailed Tables, select Geographic Type County, select CA, select SD County, look up P53 Median Household Income)

This is almost exactly a 30% gain (29.99%) from a 2000 measurement point to 2008 measurement point (1999-2007 income years).

We did pretty well overall, by most of the inflation estimates we are above inflation. Most of the U.S. was either flat in comparison to inflation, or lost a little bit of ground (even in those situations though, incomes still rose, just not as fast as inflation for the vast majority of the U.S.)
[/quote]
Thank you for the info and link.

[ralphfurley]

[quote=SDEngineer][quote=ralphfurley]
We’d you read that? Not saying it’s wrong, just curious. I was under the impression that wages have not risen since 2001. Maybe that was LA county. [shrug][/quote]

2007 household income figure for San Diego County was $61,794, supplied by the U.S. Census Bureau 2007 American Community Survey.

Available at the below link, select American Community Survey -> Get Data -> 2007 ACS 1 year data, select data profiles, select geographic type county, select CA, select SD County.

http://factfinder.census.gov

2000 household income figure was $47,067, again supplied by the U.S. Census Bureau (same link as above, select Decennial census, select SF3 data set, select Detailed Tables, select Geographic Type County, select CA, select SD County, look up P53 Median Household Income)

This is almost exactly a 30% gain (29.99%) from a 2000 measurement point to 2008 measurement point (1999-2007 income years).

We did pretty well overall, by most of the inflation estimates we are above inflation. Most of the U.S. was either flat in comparison to inflation, or lost a little bit of ground (even in those situations though, incomes still rose, just not as fast as inflation for the vast majority of the U.S.)
[/quote]
Thank you for the info and link.

[ralphfurley]

[quote=SDEngineer][quote=ralphfurley]
We’d you read that? Not saying it’s wrong, just curious. I was under the impression that wages have not risen since 2001. Maybe that was LA county. [shrug][/quote]

2007 household income figure for San Diego County was $61,794, supplied by the U.S. Census Bureau 2007 American Community Survey.

Available at the below link, select American Community Survey -> Get Data -> 2007 ACS 1 year data, select data profiles, select geographic type county, select CA, select SD County.

http://factfinder.census.gov

2000 household income figure was $47,067, again supplied by the U.S. Census Bureau (same link as above, select Decennial census, select SF3 data set, select Detailed Tables, select Geographic Type County, select CA, select SD County, look up P53 Median Household Income)

This is almost exactly a 30% gain (29.99%) from a 2000 measurement point to 2008 measurement point (1999-2007 income years).

We did pretty well overall, by most of the inflation estimates we are above inflation. Most of the U.S. was either flat in comparison to inflation, or lost a little bit of ground (even in those situations though, incomes still rose, just not as fast as inflation for the vast majority of the U.S.)
[/quote]
Thank you for the info and link.

[an]

[quote=barnaby33]Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh[/quote]
Fresh grad in 2001-2002 were making around 45k/year. Now, they’re around 58k/year. I got the current number from Salary.com and 2002 salary from my group of friends since I graduated in 2002. So, that show about 25-30% in appreciation of the base salary. So, I’d have to assume it’s the same for more experienced as well.

[an]

[quote=barnaby33]Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh[/quote]
Fresh grad in 2001-2002 were making around 45k/year. Now, they’re around 58k/year. I got the current number from Salary.com and 2002 salary from my group of friends since I graduated in 2002. So, that show about 25-30% in appreciation of the base salary. So, I’d have to assume it’s the same for more experienced as well.

[an]

[quote=barnaby33]Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh[/quote]
Fresh grad in 2001-2002 were making around 45k/year. Now, they’re around 58k/year. I got the current number from Salary.com and 2002 salary from my group of friends since I graduated in 2002. So, that show about 25-30% in appreciation of the base salary. So, I’d have to assume it’s the same for more experienced as well.

[an]

[quote=barnaby33]Actually SDEngineer, I would dispute your claim. For the same level of skill I would have been paid almost the same if not the same amount that I was making when the bubble burst, and houses were 1/3 to 1/2 what they are now.

I am a software engineer. I’m also talking nominal dollars. In real dollars my salary has gone down.
Josh[/quote]
Fresh grad in 2001-2002 were making around 45k/year. Now, they’re around 58k/year. I got the current number from Salary.com and 2002 salary from my group of friends since I graduated in 2002. So, that show about 25-30% in appreciation of the base salary. So, I’d have to assume it’s the same for more experienced as well.

[Author]

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