Basic affordability metrics

[cr]

Top Ten Big Cities in the U.S.: SD is #9, behind LA, 3 cities in TX, Chicago, NY, Philly, and Phoenix. It’s a great city, but there are better places to live.

http://money.cnn.com/magazines/moneymag/bplive/2007/poll/index.html

As far as incomes, there’s a big difference between spending money and actually having it. Everything I found for SD average income put average HOUSEHOLD income at >$50,000:

http://www.whitepages.com/white-pages/San_Diego-CA/
http://en.wikipedia.org/wiki/San_Diego,_California#Economy
http://www.sandag.org/uploads/publicationid/publicationid_1100_3411.pdf

Even if at best it’s $60,000 people could double up in houses and still not be able to afford $4000/month, rent or mortgage.

I don’t know how they do it, but I think in the next 10-20 years when people who never retired pass on debt instead of money we’ll start to see how.

We’re a nation of debtors, that’s about all I know, and here are some startling numbers:

http://creditcounselingbiz.com/credit_counseling_statistics.htm
http://www.creditcards.com/statistics/credit-card-industry-facts-and-personal-debt-statistics.php

[waiting for bottom]

The data suggests a return to 2000 price is possible if not probable. I would be happy with 2002 in South Carlsbad or Encinitas. Right now, not much below 2005.

[waiting for bottom]

The data suggests a return to 2000 price is possible if not probable. I would be happy with 2002 in South Carlsbad or Encinitas. Right now, not much below 2005.

[waiting for bottom]

The data suggests a return to 2000 price is possible if not probable. I would be happy with 2002 in South Carlsbad or Encinitas. Right now, not much below 2005.

[waiting for bottom]

The data suggests a return to 2000 price is possible if not probable. I would be happy with 2002 in South Carlsbad or Encinitas. Right now, not much below 2005.

[waiting for bottom]

The data suggests a return to 2000 price is possible if not probable. I would be happy with 2002 in South Carlsbad or Encinitas. Right now, not much below 2005.

[SDEngineer]

Ah, the link to the Money magazine article was to a poll. It wasn’t a ranking of cities, but a selection screen for ranking them.

While I don’t place a whole lot of faith in polls, if you’ll click the “Show Results” tab on the poll, San Diego is currently ranked #1.

San Diego median household income is ~67K (I believe that was the 2006 figure, so may be a little higher now, I’ve seen 72K thrown around before for a more recent figure). However, So Cal in general is (and always has been) highly concentrated with permanent renters – San Diego, LA, and other coastal cities here have always had a premium to buy (though not nearly as bad as the recent bubble). SD/LA is basically 50/50 renter/owner households. If you back the median renter household income (~43K) out of the median household income, San Diego has a median homeowners household income of just about 95K/yr. Just a few more data points, but it does support a somewhat higher home valuation than, for example, a midwest city with a 66/33 homeowner/renter median.

[SDEngineer]

Ah, the link to the Money magazine article was to a poll. It wasn’t a ranking of cities, but a selection screen for ranking them.

While I don’t place a whole lot of faith in polls, if you’ll click the “Show Results” tab on the poll, San Diego is currently ranked #1.

San Diego median household income is ~67K (I believe that was the 2006 figure, so may be a little higher now, I’ve seen 72K thrown around before for a more recent figure). However, So Cal in general is (and always has been) highly concentrated with permanent renters – San Diego, LA, and other coastal cities here have always had a premium to buy (though not nearly as bad as the recent bubble). SD/LA is basically 50/50 renter/owner households. If you back the median renter household income (~43K) out of the median household income, San Diego has a median homeowners household income of just about 95K/yr. Just a few more data points, but it does support a somewhat higher home valuation than, for example, a midwest city with a 66/33 homeowner/renter median.

[SDEngineer]

Ah, the link to the Money magazine article was to a poll. It wasn’t a ranking of cities, but a selection screen for ranking them.

While I don’t place a whole lot of faith in polls, if you’ll click the “Show Results” tab on the poll, San Diego is currently ranked #1.

San Diego median household income is ~67K (I believe that was the 2006 figure, so may be a little higher now, I’ve seen 72K thrown around before for a more recent figure). However, So Cal in general is (and always has been) highly concentrated with permanent renters – San Diego, LA, and other coastal cities here have always had a premium to buy (though not nearly as bad as the recent bubble). SD/LA is basically 50/50 renter/owner households. If you back the median renter household income (~43K) out of the median household income, San Diego has a median homeowners household income of just about 95K/yr. Just a few more data points, but it does support a somewhat higher home valuation than, for example, a midwest city with a 66/33 homeowner/renter median.

[SDEngineer]

Ah, the link to the Money magazine article was to a poll. It wasn’t a ranking of cities, but a selection screen for ranking them.

While I don’t place a whole lot of faith in polls, if you’ll click the “Show Results” tab on the poll, San Diego is currently ranked #1.

San Diego median household income is ~67K (I believe that was the 2006 figure, so may be a little higher now, I’ve seen 72K thrown around before for a more recent figure). However, So Cal in general is (and always has been) highly concentrated with permanent renters – San Diego, LA, and other coastal cities here have always had a premium to buy (though not nearly as bad as the recent bubble). SD/LA is basically 50/50 renter/owner households. If you back the median renter household income (~43K) out of the median household income, San Diego has a median homeowners household income of just about 95K/yr. Just a few more data points, but it does support a somewhat higher home valuation than, for example, a midwest city with a 66/33 homeowner/renter median.

[SDEngineer]

Ah, the link to the Money magazine article was to a poll. It wasn’t a ranking of cities, but a selection screen for ranking them.

While I don’t place a whole lot of faith in polls, if you’ll click the “Show Results” tab on the poll, San Diego is currently ranked #1.

San Diego median household income is ~67K (I believe that was the 2006 figure, so may be a little higher now, I’ve seen 72K thrown around before for a more recent figure). However, So Cal in general is (and always has been) highly concentrated with permanent renters – San Diego, LA, and other coastal cities here have always had a premium to buy (though not nearly as bad as the recent bubble). SD/LA is basically 50/50 renter/owner households. If you back the median renter household income (~43K) out of the median household income, San Diego has a median homeowners household income of just about 95K/yr. Just a few more data points, but it does support a somewhat higher home valuation than, for example, a midwest city with a 66/33 homeowner/renter median.

[cr]

You’re right SDE it is, (though in 2006 SD was 5th). Even if the median is $80k employment is dropping in SD along w/ prices, which goes against the argument that prices can’t drop because everyone wants to live here. With a median homeowner household income of $90k, median prices should be closer to $300k.

[cr]

You’re right SDE it is, (though in 2006 SD was 5th). Even if the median is $80k employment is dropping in SD along w/ prices, which goes against the argument that prices can’t drop because everyone wants to live here. With a median homeowner household income of $90k, median prices should be closer to $300k.

[cr]

You’re right SDE it is, (though in 2006 SD was 5th). Even if the median is $80k employment is dropping in SD along w/ prices, which goes against the argument that prices can’t drop because everyone wants to live here. With a median homeowner household income of $90k, median prices should be closer to $300k.

[cr]

You’re right SDE it is, (though in 2006 SD was 5th). Even if the median is $80k employment is dropping in SD along w/ prices, which goes against the argument that prices can’t drop because everyone wants to live here. With a median homeowner household income of $90k, median prices should be closer to $300k.

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