Home › Forums › Financial Markets/Economics › Average SD family 2000 vs 2010
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February 2, 2011 at 10:02 AM #662656February 2, 2011 at 10:12 AM #661537
Anonymous
Guestenron,
What I take from your chart is that individuals generally spend the same on food, regardless of income (there’s not much income elasticity of demand for food – not terribly surprising)
But the US can also increase the supply of food. If we really are seeing food inflation, why do we still have farm subsidies?
February 2, 2011 at 10:12 AM #661599Anonymous
Guestenron,
What I take from your chart is that individuals generally spend the same on food, regardless of income (there’s not much income elasticity of demand for food – not terribly surprising)
But the US can also increase the supply of food. If we really are seeing food inflation, why do we still have farm subsidies?
February 2, 2011 at 10:12 AM #662202Anonymous
Guestenron,
What I take from your chart is that individuals generally spend the same on food, regardless of income (there’s not much income elasticity of demand for food – not terribly surprising)
But the US can also increase the supply of food. If we really are seeing food inflation, why do we still have farm subsidies?
February 2, 2011 at 10:12 AM #662338Anonymous
Guestenron,
What I take from your chart is that individuals generally spend the same on food, regardless of income (there’s not much income elasticity of demand for food – not terribly surprising)
But the US can also increase the supply of food. If we really are seeing food inflation, why do we still have farm subsidies?
February 2, 2011 at 10:12 AM #662671Anonymous
Guestenron,
What I take from your chart is that individuals generally spend the same on food, regardless of income (there’s not much income elasticity of demand for food – not terribly surprising)
But the US can also increase the supply of food. If we really are seeing food inflation, why do we still have farm subsidies?
February 2, 2011 at 10:20 AM #661547SD Realtor
ParticipantActually in regards to Scarletts post I think that the statistics help to display that there is a substantial white collar employment base in San Diego composed of engineering, financial, legal, medical, biotech, and military professions. I think that his robust employment base is responsible for maintaining price support in the areas discussed most, CV, Carlsbad, some I15 corridor areas etc… I think there is a disparity of sorts for those who do not enjoy these particular professions in a sense that they may have done okay in the past 10 years but did not enjoy the same income growth as those professions.
Note this is not a fair verses unfair statement but rather a thought on median income household growth from 2000 to 2010. I am curious as well as to how much “growth” was generated from 2000-2004 based on stock options and such.
February 2, 2011 at 10:20 AM #661609SD Realtor
ParticipantActually in regards to Scarletts post I think that the statistics help to display that there is a substantial white collar employment base in San Diego composed of engineering, financial, legal, medical, biotech, and military professions. I think that his robust employment base is responsible for maintaining price support in the areas discussed most, CV, Carlsbad, some I15 corridor areas etc… I think there is a disparity of sorts for those who do not enjoy these particular professions in a sense that they may have done okay in the past 10 years but did not enjoy the same income growth as those professions.
Note this is not a fair verses unfair statement but rather a thought on median income household growth from 2000 to 2010. I am curious as well as to how much “growth” was generated from 2000-2004 based on stock options and such.
February 2, 2011 at 10:20 AM #662212SD Realtor
ParticipantActually in regards to Scarletts post I think that the statistics help to display that there is a substantial white collar employment base in San Diego composed of engineering, financial, legal, medical, biotech, and military professions. I think that his robust employment base is responsible for maintaining price support in the areas discussed most, CV, Carlsbad, some I15 corridor areas etc… I think there is a disparity of sorts for those who do not enjoy these particular professions in a sense that they may have done okay in the past 10 years but did not enjoy the same income growth as those professions.
Note this is not a fair verses unfair statement but rather a thought on median income household growth from 2000 to 2010. I am curious as well as to how much “growth” was generated from 2000-2004 based on stock options and such.
February 2, 2011 at 10:20 AM #662348SD Realtor
ParticipantActually in regards to Scarletts post I think that the statistics help to display that there is a substantial white collar employment base in San Diego composed of engineering, financial, legal, medical, biotech, and military professions. I think that his robust employment base is responsible for maintaining price support in the areas discussed most, CV, Carlsbad, some I15 corridor areas etc… I think there is a disparity of sorts for those who do not enjoy these particular professions in a sense that they may have done okay in the past 10 years but did not enjoy the same income growth as those professions.
Note this is not a fair verses unfair statement but rather a thought on median income household growth from 2000 to 2010. I am curious as well as to how much “growth” was generated from 2000-2004 based on stock options and such.
February 2, 2011 at 10:20 AM #662681SD Realtor
ParticipantActually in regards to Scarletts post I think that the statistics help to display that there is a substantial white collar employment base in San Diego composed of engineering, financial, legal, medical, biotech, and military professions. I think that his robust employment base is responsible for maintaining price support in the areas discussed most, CV, Carlsbad, some I15 corridor areas etc… I think there is a disparity of sorts for those who do not enjoy these particular professions in a sense that they may have done okay in the past 10 years but did not enjoy the same income growth as those professions.
Note this is not a fair verses unfair statement but rather a thought on median income household growth from 2000 to 2010. I am curious as well as to how much “growth” was generated from 2000-2004 based on stock options and such.
February 2, 2011 at 10:38 AM #661562jstoesz
ParticipantI think there a few things at work…I have no doubt that the white collar base in SD has increased in the last decade. Therefore the mix that the median income stat is based on has changed. The population as a whole has seen income growth (more high paying jobs), but individuals families have not (or not significant). As to the home prices raising so much in the last ten years, well I am just scratching my head…the best I can come up with always includes restrictive development boards and just a population of people with poor fiscal values. There are just way too many “fake it till you make it” people in southern California who live way to close to the edge.
February 2, 2011 at 10:38 AM #661624jstoesz
ParticipantI think there a few things at work…I have no doubt that the white collar base in SD has increased in the last decade. Therefore the mix that the median income stat is based on has changed. The population as a whole has seen income growth (more high paying jobs), but individuals families have not (or not significant). As to the home prices raising so much in the last ten years, well I am just scratching my head…the best I can come up with always includes restrictive development boards and just a population of people with poor fiscal values. There are just way too many “fake it till you make it” people in southern California who live way to close to the edge.
February 2, 2011 at 10:38 AM #662227jstoesz
ParticipantI think there a few things at work…I have no doubt that the white collar base in SD has increased in the last decade. Therefore the mix that the median income stat is based on has changed. The population as a whole has seen income growth (more high paying jobs), but individuals families have not (or not significant). As to the home prices raising so much in the last ten years, well I am just scratching my head…the best I can come up with always includes restrictive development boards and just a population of people with poor fiscal values. There are just way too many “fake it till you make it” people in southern California who live way to close to the edge.
February 2, 2011 at 10:38 AM #662363jstoesz
ParticipantI think there a few things at work…I have no doubt that the white collar base in SD has increased in the last decade. Therefore the mix that the median income stat is based on has changed. The population as a whole has seen income growth (more high paying jobs), but individuals families have not (or not significant). As to the home prices raising so much in the last ten years, well I am just scratching my head…the best I can come up with always includes restrictive development boards and just a population of people with poor fiscal values. There are just way too many “fake it till you make it” people in southern California who live way to close to the edge.
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