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April 18, 2009 at 11:23 AM #384282April 18, 2009 at 11:29 AM #383653Nor-LA-SD-guyParticipant
[quote=temeculaguy]Rt. 66, it is not a 100 year proven affordability index and you wouldn’t chop off the top third (the ultra-rich do not represent any more than the top 1%). I’ll try an analogy. Let’s say you are at the river and you drive past a boat with 10 women wearing bikinis. The six women with fake boobs who are most proud of their investment decide to flash you. You decide to use those six to determine the average breast size of the women on the boat, therefore your average cup size is flawed. This is the reason pollsters only look at likely voters, not the population as a whole.
You are trying to use the numbers to determine a price based on ALL PEOPLE BEING ABLE TO BUY A HOUSE, the fact is, not all people buy homes.
BTW, ask around, many of us believed a Temecula home in the 2500 sq ft range would hit low to mid 2’s, because in 1998 that house was being sold for 170-190k, using a variety of formulas (not just the sky is falling ones) it was easy to see. It is also easy to see that the 65k median income of Temecula puts a median house in the 150-170 range, using your affordability parameters, and you know what, you can get a 1300-2000 sq footer for that, easily. But the formula cannot be carried to coastal S.D., Hawaii, and other areas, because there is a hell of a lot more to R/E than pure ratios.
Avoid the Bear kool-aid and the Bull kool-aid, drink water!
Good luck with that 165k in S.D.[/quote]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.April 18, 2009 at 11:29 AM #383919Nor-LA-SD-guyParticipant[quote=temeculaguy]Rt. 66, it is not a 100 year proven affordability index and you wouldn’t chop off the top third (the ultra-rich do not represent any more than the top 1%). I’ll try an analogy. Let’s say you are at the river and you drive past a boat with 10 women wearing bikinis. The six women with fake boobs who are most proud of their investment decide to flash you. You decide to use those six to determine the average breast size of the women on the boat, therefore your average cup size is flawed. This is the reason pollsters only look at likely voters, not the population as a whole.
You are trying to use the numbers to determine a price based on ALL PEOPLE BEING ABLE TO BUY A HOUSE, the fact is, not all people buy homes.
BTW, ask around, many of us believed a Temecula home in the 2500 sq ft range would hit low to mid 2’s, because in 1998 that house was being sold for 170-190k, using a variety of formulas (not just the sky is falling ones) it was easy to see. It is also easy to see that the 65k median income of Temecula puts a median house in the 150-170 range, using your affordability parameters, and you know what, you can get a 1300-2000 sq footer for that, easily. But the formula cannot be carried to coastal S.D., Hawaii, and other areas, because there is a hell of a lot more to R/E than pure ratios.
Avoid the Bear kool-aid and the Bull kool-aid, drink water!
Good luck with that 165k in S.D.[/quote]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.April 18, 2009 at 11:29 AM #384112Nor-LA-SD-guyParticipant[quote=temeculaguy]Rt. 66, it is not a 100 year proven affordability index and you wouldn’t chop off the top third (the ultra-rich do not represent any more than the top 1%). I’ll try an analogy. Let’s say you are at the river and you drive past a boat with 10 women wearing bikinis. The six women with fake boobs who are most proud of their investment decide to flash you. You decide to use those six to determine the average breast size of the women on the boat, therefore your average cup size is flawed. This is the reason pollsters only look at likely voters, not the population as a whole.
You are trying to use the numbers to determine a price based on ALL PEOPLE BEING ABLE TO BUY A HOUSE, the fact is, not all people buy homes.
BTW, ask around, many of us believed a Temecula home in the 2500 sq ft range would hit low to mid 2’s, because in 1998 that house was being sold for 170-190k, using a variety of formulas (not just the sky is falling ones) it was easy to see. It is also easy to see that the 65k median income of Temecula puts a median house in the 150-170 range, using your affordability parameters, and you know what, you can get a 1300-2000 sq footer for that, easily. But the formula cannot be carried to coastal S.D., Hawaii, and other areas, because there is a hell of a lot more to R/E than pure ratios.
Avoid the Bear kool-aid and the Bull kool-aid, drink water!
Good luck with that 165k in S.D.[/quote]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.April 18, 2009 at 11:29 AM #384159Nor-LA-SD-guyParticipant[quote=temeculaguy]Rt. 66, it is not a 100 year proven affordability index and you wouldn’t chop off the top third (the ultra-rich do not represent any more than the top 1%). I’ll try an analogy. Let’s say you are at the river and you drive past a boat with 10 women wearing bikinis. The six women with fake boobs who are most proud of their investment decide to flash you. You decide to use those six to determine the average breast size of the women on the boat, therefore your average cup size is flawed. This is the reason pollsters only look at likely voters, not the population as a whole.
You are trying to use the numbers to determine a price based on ALL PEOPLE BEING ABLE TO BUY A HOUSE, the fact is, not all people buy homes.
BTW, ask around, many of us believed a Temecula home in the 2500 sq ft range would hit low to mid 2’s, because in 1998 that house was being sold for 170-190k, using a variety of formulas (not just the sky is falling ones) it was easy to see. It is also easy to see that the 65k median income of Temecula puts a median house in the 150-170 range, using your affordability parameters, and you know what, you can get a 1300-2000 sq footer for that, easily. But the formula cannot be carried to coastal S.D., Hawaii, and other areas, because there is a hell of a lot more to R/E than pure ratios.
Avoid the Bear kool-aid and the Bull kool-aid, drink water!
Good luck with that 165k in S.D.[/quote]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.April 18, 2009 at 11:29 AM #384292Nor-LA-SD-guyParticipant[quote=temeculaguy]Rt. 66, it is not a 100 year proven affordability index and you wouldn’t chop off the top third (the ultra-rich do not represent any more than the top 1%). I’ll try an analogy. Let’s say you are at the river and you drive past a boat with 10 women wearing bikinis. The six women with fake boobs who are most proud of their investment decide to flash you. You decide to use those six to determine the average breast size of the women on the boat, therefore your average cup size is flawed. This is the reason pollsters only look at likely voters, not the population as a whole.
You are trying to use the numbers to determine a price based on ALL PEOPLE BEING ABLE TO BUY A HOUSE, the fact is, not all people buy homes.
BTW, ask around, many of us believed a Temecula home in the 2500 sq ft range would hit low to mid 2’s, because in 1998 that house was being sold for 170-190k, using a variety of formulas (not just the sky is falling ones) it was easy to see. It is also easy to see that the 65k median income of Temecula puts a median house in the 150-170 range, using your affordability parameters, and you know what, you can get a 1300-2000 sq footer for that, easily. But the formula cannot be carried to coastal S.D., Hawaii, and other areas, because there is a hell of a lot more to R/E than pure ratios.
Avoid the Bear kool-aid and the Bull kool-aid, drink water!
Good luck with that 165k in S.D.[/quote]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.April 18, 2009 at 11:29 AM #383648CoronitaParticipant[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]Part of salary expectations though is that you have to move up.. If you are at the same level of skill after all this time, you shouldn’t be working in this field to begin with…You’re younger counterparts with those same skills could do things much faster.
Unemployment is bad right now. No doubt, and no doubt employers can be extremely picky right now. But again, it’s not nuclear WWW3 wrto to engineering. You don’t simply ship stuff overseas and expect it to cost 1/3 as it use to. It just isn’t realistic nor feasible.
Wrto Defense Jobs.. Defense jobs exists..The issue is whether you already have a security clearance. Some companies aren’t willing to hire you if they need to wait 3+months for your clearance, and naturally non citizens need not apply.
April 18, 2009 at 11:29 AM #383914CoronitaParticipant[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]Part of salary expectations though is that you have to move up.. If you are at the same level of skill after all this time, you shouldn’t be working in this field to begin with…You’re younger counterparts with those same skills could do things much faster.
Unemployment is bad right now. No doubt, and no doubt employers can be extremely picky right now. But again, it’s not nuclear WWW3 wrto to engineering. You don’t simply ship stuff overseas and expect it to cost 1/3 as it use to. It just isn’t realistic nor feasible.
Wrto Defense Jobs.. Defense jobs exists..The issue is whether you already have a security clearance. Some companies aren’t willing to hire you if they need to wait 3+months for your clearance, and naturally non citizens need not apply.
April 18, 2009 at 11:29 AM #384107CoronitaParticipant[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]Part of salary expectations though is that you have to move up.. If you are at the same level of skill after all this time, you shouldn’t be working in this field to begin with…You’re younger counterparts with those same skills could do things much faster.
Unemployment is bad right now. No doubt, and no doubt employers can be extremely picky right now. But again, it’s not nuclear WWW3 wrto to engineering. You don’t simply ship stuff overseas and expect it to cost 1/3 as it use to. It just isn’t realistic nor feasible.
Wrto Defense Jobs.. Defense jobs exists..The issue is whether you already have a security clearance. Some companies aren’t willing to hire you if they need to wait 3+months for your clearance, and naturally non citizens need not apply.
April 18, 2009 at 11:29 AM #384154CoronitaParticipant[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]Part of salary expectations though is that you have to move up.. If you are at the same level of skill after all this time, you shouldn’t be working in this field to begin with…You’re younger counterparts with those same skills could do things much faster.
Unemployment is bad right now. No doubt, and no doubt employers can be extremely picky right now. But again, it’s not nuclear WWW3 wrto to engineering. You don’t simply ship stuff overseas and expect it to cost 1/3 as it use to. It just isn’t realistic nor feasible.
Wrto Defense Jobs.. Defense jobs exists..The issue is whether you already have a security clearance. Some companies aren’t willing to hire you if they need to wait 3+months for your clearance, and naturally non citizens need not apply.
April 18, 2009 at 11:29 AM #384287CoronitaParticipant[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]Part of salary expectations though is that you have to move up.. If you are at the same level of skill after all this time, you shouldn’t be working in this field to begin with…You’re younger counterparts with those same skills could do things much faster.
Unemployment is bad right now. No doubt, and no doubt employers can be extremely picky right now. But again, it’s not nuclear WWW3 wrto to engineering. You don’t simply ship stuff overseas and expect it to cost 1/3 as it use to. It just isn’t realistic nor feasible.
Wrto Defense Jobs.. Defense jobs exists..The issue is whether you already have a security clearance. Some companies aren’t willing to hire you if they need to wait 3+months for your clearance, and naturally non citizens need not apply.
April 18, 2009 at 11:39 AM #383658CoronitaParticipant[quote=Nor-LA-SD-guy]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.[/quote]
Let’s put it this way… How many of you would buy a SFH home that is 2500sqft in CV/LJ/DelMar if the price is $400k-$500k right now (either as a primary or as an investment)???
(Raises hand…)
Anyway, it’s irrelevant of what folks I think or other folks think what home prices will/won’t go to.
I have a target range that I’m willing and able to afford a home that i want for my next purpose, game on. Otherwise, pass. I’m not going to wait for the magic “bottom” because who knows where that will end up or how long. I could be dead by then..April 18, 2009 at 11:39 AM #383924CoronitaParticipant[quote=Nor-LA-SD-guy]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.[/quote]
Let’s put it this way… How many of you would buy a SFH home that is 2500sqft in CV/LJ/DelMar if the price is $400k-$500k right now (either as a primary or as an investment)???
(Raises hand…)
Anyway, it’s irrelevant of what folks I think or other folks think what home prices will/won’t go to.
I have a target range that I’m willing and able to afford a home that i want for my next purpose, game on. Otherwise, pass. I’m not going to wait for the magic “bottom” because who knows where that will end up or how long. I could be dead by then..April 18, 2009 at 11:39 AM #384117CoronitaParticipant[quote=Nor-LA-SD-guy]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.[/quote]
Let’s put it this way… How many of you would buy a SFH home that is 2500sqft in CV/LJ/DelMar if the price is $400k-$500k right now (either as a primary or as an investment)???
(Raises hand…)
Anyway, it’s irrelevant of what folks I think or other folks think what home prices will/won’t go to.
I have a target range that I’m willing and able to afford a home that i want for my next purpose, game on. Otherwise, pass. I’m not going to wait for the magic “bottom” because who knows where that will end up or how long. I could be dead by then..April 18, 2009 at 11:39 AM #384164CoronitaParticipant[quote=Nor-LA-SD-guy]
That low to mid 200’s price for 2500 sqf in T.V.
is a distressed price, I don’t think anyone would willing sell one to you for that nor could they build you one.[/quote]
Let’s put it this way… How many of you would buy a SFH home that is 2500sqft in CV/LJ/DelMar if the price is $400k-$500k right now (either as a primary or as an investment)???
(Raises hand…)
Anyway, it’s irrelevant of what folks I think or other folks think what home prices will/won’t go to.
I have a target range that I’m willing and able to afford a home that i want for my next purpose, game on. Otherwise, pass. I’m not going to wait for the magic “bottom” because who knows where that will end up or how long. I could be dead by then.. -
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