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Nor-LA-SD-guy.
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April 17, 2009 at 3:25 PM #383867April 17, 2009 at 4:50 PM #383279
ralphfurley
Participant[quote=SDEngineer]Nationally, wages HAVE risen…
In San Diego, we DID outpace inflation with wages – by a reasonably good margin. Census figures showed a 30% gain between 2000 and 2008.
[/quote]
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]April 17, 2009 at 4:50 PM #383542Participant[quote=SDEngineer]Nationally, wages HAVE risen…
In San Diego, we DID outpace inflation with wages – by a reasonably good margin. Census figures showed a 30% gain between 2000 and 2008.
[/quote]
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]April 17, 2009 at 4:50 PM #383734Participant[quote=SDEngineer]Nationally, wages HAVE risen…
In San Diego, we DID outpace inflation with wages – by a reasonably good margin. Census figures showed a 30% gain between 2000 and 2008.
[/quote]
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]April 17, 2009 at 4:50 PM #383781Participant[quote=SDEngineer]Nationally, wages HAVE risen…
In San Diego, we DID outpace inflation with wages – by a reasonably good margin. Census figures showed a 30% gain between 2000 and 2008.
[/quote]
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]April 17, 2009 at 4:50 PM #383912Participant[quote=SDEngineer]Nationally, wages HAVE risen…
In San Diego, we DID outpace inflation with wages – by a reasonably good margin. Census figures showed a 30% gain between 2000 and 2008.
[/quote]
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]April 17, 2009 at 5:41 PM #383288Rt.66
ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
April 17, 2009 at 5:41 PM #383551ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
April 17, 2009 at 5:41 PM #383743ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
April 17, 2009 at 5:41 PM #383791ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
April 17, 2009 at 5:41 PM #383922ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
April 17, 2009 at 5:42 PM #383293SDEngineer
Participant[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.
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.)
April 17, 2009 at 5:42 PM #383556Participant[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.
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.)
April 17, 2009 at 5:42 PM #383748Participant[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.
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.)
April 17, 2009 at 5:42 PM #383796Participant[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.
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.)
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