Average SD family 2000 vs 2010

[sdrealtor]

I’d love to know but intuitively i dont agree with Scarlet. When I first came to SD in the mid 80’s I couldnt beleive how little industry there was here not related to the military or tourism. While those are still very large segments of our economy we have grown far beyond that. I beleive it has more to do with a shift from a military/tourisn dominated area (i.e. who are very young) and a shift toward more high tech industries (i.e. young professionals with college and grad degrees). It has also become a much higher profile retirement destination than it was in the past. While SD was well know in other parts of the western US for what it offered, it is only in the last 10 to 20 years that the east coast and much of the world have discovered what a gem SD is.

[Scarlett]

Your explanation is quite possible, sdr. It doesn’t necessarily exclude mine. I haven’t thought in those terms, since I am relatively new in San Diego – I came here just before 2000 – so I remember very well how it was in our field the income and the housing and all that, since it was all brand new for me, coming from the East Coast. I agree about retirement increase, you are right about that.

[Scarlett]

Your explanation is quite possible, sdr. It doesn’t necessarily exclude mine. I haven’t thought in those terms, since I am relatively new in San Diego – I came here just before 2000 – so I remember very well how it was in our field the income and the housing and all that, since it was all brand new for me, coming from the East Coast. I agree about retirement increase, you are right about that.

[Scarlett]

Your explanation is quite possible, sdr. It doesn’t necessarily exclude mine. I haven’t thought in those terms, since I am relatively new in San Diego – I came here just before 2000 – so I remember very well how it was in our field the income and the housing and all that, since it was all brand new for me, coming from the East Coast. I agree about retirement increase, you are right about that.

[Scarlett]

Your explanation is quite possible, sdr. It doesn’t necessarily exclude mine. I haven’t thought in those terms, since I am relatively new in San Diego – I came here just before 2000 – so I remember very well how it was in our field the income and the housing and all that, since it was all brand new for me, coming from the East Coast. I agree about retirement increase, you are right about that.

[Scarlett]

Your explanation is quite possible, sdr. It doesn’t necessarily exclude mine. I haven’t thought in those terms, since I am relatively new in San Diego – I came here just before 2000 – so I remember very well how it was in our field the income and the housing and all that, since it was all brand new for me, coming from the East Coast. I agree about retirement increase, you are right about that.

[an]

[quote=Scarlett][quote=AN]Another interesting data I found is median age. in 1990, the median age in SD county was 31. In 2000, it went up to 33.2. In 2010, it’s 35.3.[/quote]

That would support my hypothesis that we lost or not attract as many young people as in the past due to home affordability, fewer or worse paid entry jobs/junior positions or a combination of those. That (age) is an important factor in determining the median household income.[/quote]
I totally agree with this as well as sdr’s hypothesis. Looking at SANDAG’s projection, the median age of San Diegans will keep on getting older. By 2050, it project SD county median age will be 38.6. So, it seems like SD is attracting older mid career professional and retirees more so than young people.

[an]

[quote=Scarlett][quote=AN]Another interesting data I found is median age. in 1990, the median age in SD county was 31. In 2000, it went up to 33.2. In 2010, it’s 35.3.[/quote]

That would support my hypothesis that we lost or not attract as many young people as in the past due to home affordability, fewer or worse paid entry jobs/junior positions or a combination of those. That (age) is an important factor in determining the median household income.[/quote]
I totally agree with this as well as sdr’s hypothesis. Looking at SANDAG’s projection, the median age of San Diegans will keep on getting older. By 2050, it project SD county median age will be 38.6. So, it seems like SD is attracting older mid career professional and retirees more so than young people.

[an]

[quote=Scarlett][quote=AN]Another interesting data I found is median age. in 1990, the median age in SD county was 31. In 2000, it went up to 33.2. In 2010, it’s 35.3.[/quote]

That would support my hypothesis that we lost or not attract as many young people as in the past due to home affordability, fewer or worse paid entry jobs/junior positions or a combination of those. That (age) is an important factor in determining the median household income.[/quote]
I totally agree with this as well as sdr’s hypothesis. Looking at SANDAG’s projection, the median age of San Diegans will keep on getting older. By 2050, it project SD county median age will be 38.6. So, it seems like SD is attracting older mid career professional and retirees more so than young people.

[an]

[quote=Scarlett][quote=AN]Another interesting data I found is median age. in 1990, the median age in SD county was 31. In 2000, it went up to 33.2. In 2010, it’s 35.3.[/quote]

That would support my hypothesis that we lost or not attract as many young people as in the past due to home affordability, fewer or worse paid entry jobs/junior positions or a combination of those. That (age) is an important factor in determining the median household income.[/quote]
I totally agree with this as well as sdr’s hypothesis. Looking at SANDAG’s projection, the median age of San Diegans will keep on getting older. By 2050, it project SD county median age will be 38.6. So, it seems like SD is attracting older mid career professional and retirees more so than young people.

[an]

[quote=Scarlett][quote=AN]Another interesting data I found is median age. in 1990, the median age in SD county was 31. In 2000, it went up to 33.2. In 2010, it’s 35.3.[/quote]

That would support my hypothesis that we lost or not attract as many young people as in the past due to home affordability, fewer or worse paid entry jobs/junior positions or a combination of those. That (age) is an important factor in determining the median household income.[/quote]
I totally agree with this as well as sdr’s hypothesis. Looking at SANDAG’s projection, the median age of San Diegans will keep on getting older. By 2050, it project SD county median age will be 38.6. So, it seems like SD is attracting older mid career professional and retirees more so than young people.

[sobmaz]

The “median” home price today is really really skewed by all the low end sales due to foreclosures and short sales. The median of today is a far cry from the median of yesterday.

As far as payments that are lower due to the Federal Reserve literally printing money to force 30 year rates down, a temporary anomaly and how many people are getting that full advantage?

Between the “median” and the interest rate issue, you are way out in left field already.

Oh, and my car. My car that is a better deal than 10 years ago? The car that requires gasoline that is 100% higher? The car that requires oil changes that are 130% higher? The car that has repair bills that are 100% higher? The car that my insurance company is taking me to the bank on? God forbid I need to take it into a body shop.

I could go on and on, tires are double, traffic fines triple, parking double. How many hotels now charge for parking? Went to Torrey Pines today, 10.00 to park the car.

Same with houses. The cost to maintain, roofing and general upkeep have skyrocketed at least 50% since 2000. Forget about property tax (the house I bought in n park in 1999 had a 3200 a year tax bill, someone buying it today would have a 8000 a year tax bill), heating, cooling and water.

Obviously you are doing better than 10 years ago but I certainly am not. 10 years ago I had assets of 100K and felt comfortable buying the house of my choice in the hood I wanted.

Today, I have assets of 700K and would not feel financially comfortable buying in the hood I wish.

Maybe that is because I am 10 years older and worry about old age or maybe 700K aint really much any more when all it is is enough to buy a house outright that still gives you a 800 a month property tax bill.

[sobmaz]

The “median” home price today is really really skewed by all the low end sales due to foreclosures and short sales. The median of today is a far cry from the median of yesterday.

As far as payments that are lower due to the Federal Reserve literally printing money to force 30 year rates down, a temporary anomaly and how many people are getting that full advantage?

Between the “median” and the interest rate issue, you are way out in left field already.

Oh, and my car. My car that is a better deal than 10 years ago? The car that requires gasoline that is 100% higher? The car that requires oil changes that are 130% higher? The car that has repair bills that are 100% higher? The car that my insurance company is taking me to the bank on? God forbid I need to take it into a body shop.

I could go on and on, tires are double, traffic fines triple, parking double. How many hotels now charge for parking? Went to Torrey Pines today, 10.00 to park the car.

Same with houses. The cost to maintain, roofing and general upkeep have skyrocketed at least 50% since 2000. Forget about property tax (the house I bought in n park in 1999 had a 3200 a year tax bill, someone buying it today would have a 8000 a year tax bill), heating, cooling and water.

Obviously you are doing better than 10 years ago but I certainly am not. 10 years ago I had assets of 100K and felt comfortable buying the house of my choice in the hood I wanted.

Today, I have assets of 700K and would not feel financially comfortable buying in the hood I wish.

Maybe that is because I am 10 years older and worry about old age or maybe 700K aint really much any more when all it is is enough to buy a house outright that still gives you a 800 a month property tax bill.

[sobmaz]

The “median” home price today is really really skewed by all the low end sales due to foreclosures and short sales. The median of today is a far cry from the median of yesterday.

As far as payments that are lower due to the Federal Reserve literally printing money to force 30 year rates down, a temporary anomaly and how many people are getting that full advantage?

Between the “median” and the interest rate issue, you are way out in left field already.

Oh, and my car. My car that is a better deal than 10 years ago? The car that requires gasoline that is 100% higher? The car that requires oil changes that are 130% higher? The car that has repair bills that are 100% higher? The car that my insurance company is taking me to the bank on? God forbid I need to take it into a body shop.

I could go on and on, tires are double, traffic fines triple, parking double. How many hotels now charge for parking? Went to Torrey Pines today, 10.00 to park the car.

Same with houses. The cost to maintain, roofing and general upkeep have skyrocketed at least 50% since 2000. Forget about property tax (the house I bought in n park in 1999 had a 3200 a year tax bill, someone buying it today would have a 8000 a year tax bill), heating, cooling and water.

Obviously you are doing better than 10 years ago but I certainly am not. 10 years ago I had assets of 100K and felt comfortable buying the house of my choice in the hood I wanted.

Today, I have assets of 700K and would not feel financially comfortable buying in the hood I wish.

Maybe that is because I am 10 years older and worry about old age or maybe 700K aint really much any more when all it is is enough to buy a house outright that still gives you a 800 a month property tax bill.

[sobmaz]

The “median” home price today is really really skewed by all the low end sales due to foreclosures and short sales. The median of today is a far cry from the median of yesterday.

As far as payments that are lower due to the Federal Reserve literally printing money to force 30 year rates down, a temporary anomaly and how many people are getting that full advantage?

Between the “median” and the interest rate issue, you are way out in left field already.

Oh, and my car. My car that is a better deal than 10 years ago? The car that requires gasoline that is 100% higher? The car that requires oil changes that are 130% higher? The car that has repair bills that are 100% higher? The car that my insurance company is taking me to the bank on? God forbid I need to take it into a body shop.

I could go on and on, tires are double, traffic fines triple, parking double. How many hotels now charge for parking? Went to Torrey Pines today, 10.00 to park the car.

Same with houses. The cost to maintain, roofing and general upkeep have skyrocketed at least 50% since 2000. Forget about property tax (the house I bought in n park in 1999 had a 3200 a year tax bill, someone buying it today would have a 8000 a year tax bill), heating, cooling and water.

Obviously you are doing better than 10 years ago but I certainly am not. 10 years ago I had assets of 100K and felt comfortable buying the house of my choice in the hood I wanted.

Today, I have assets of 700K and would not feel financially comfortable buying in the hood I wish.

Maybe that is because I am 10 years older and worry about old age or maybe 700K aint really much any more when all it is is enough to buy a house outright that still gives you a 800 a month property tax bill.

[Author]

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