I really really really want to buy, soon

[125mph]

Is it time to buy?

I’ve been looking in the Carmel Valley, Rancho Penasquitos, and Scrips Ranch Area.. or around there.

Price range is 550-650k for a single family home… about 1650-1900 SF.

I see a few carmel homes in that price range, and some listed at 700 that could go down if the seller has enough equity and motivated. Also plenty of Scripps and RPQ homes in that range.

But am I catching that falling knife? I’m not a flipper, I just wana get the house to live in for long term.

Also I’m only 29 yrs old, single male. Is this the right area? I just want to live central to San Diego.

[CogSciGuy]

Surely you must realize that everyone here will tell you that this is a very bad time to buy.

[CogSciGuy]

Surely you must realize that everyone here will tell you that this is a very bad time to buy.

[CogSciGuy]

Surely you must realize that everyone here will tell you that this is a very bad time to buy.

[CogSciGuy]

Surely you must realize that everyone here will tell you that this is a very bad time to buy.

[CogSciGuy]

Surely you must realize that everyone here will tell you that this is a very bad time to buy.

[Ex-SD]

Surely, you’re kidding? Buying a SFR in any of those areas before 2011 (at the earliest) would be a huge mistake that could cost you bookoo $$$$$$. You would be wise to read a lot of the threads on this forum (and others). Here’s one example: http://piggington.com/how_much_have_u_saved_new_to_board

[125mph]

I dont get that thread about the savings… They are saying they brought property and saved money?

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

[CogSciGuy]

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

Rent a house.

[125mph]

Thanks.

Where’s a good place to look for a rental?

I didn’t consider a renting a house before because wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

[Eugene]

Where’s a good place to look for a rental?

http://sandiego.craigslist.org

wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

letting someone else absorb house price decline on the order of 10%/year far outweighs any other possible financial reasons.

Consider a house that’s worth 500K today. Renting it will cost $2000-2500/month. Buying it will cost you at least $2500/month in interest on your loan, plus possibly $5000/month in depreciation.

[Eugene]

Where’s a good place to look for a rental?

http://sandiego.craigslist.org

wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

letting someone else absorb house price decline on the order of 10%/year far outweighs any other possible financial reasons.

Consider a house that’s worth 500K today. Renting it will cost $2000-2500/month. Buying it will cost you at least $2500/month in interest on your loan, plus possibly $5000/month in depreciation.

[Eugene]

Where’s a good place to look for a rental?

http://sandiego.craigslist.org

wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

letting someone else absorb house price decline on the order of 10%/year far outweighs any other possible financial reasons.

Consider a house that’s worth 500K today. Renting it will cost $2000-2500/month. Buying it will cost you at least $2500/month in interest on your loan, plus possibly $5000/month in depreciation.

[Eugene]

Where’s a good place to look for a rental?

http://sandiego.craigslist.org

wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

letting someone else absorb house price decline on the order of 10%/year far outweighs any other possible financial reasons.

Consider a house that’s worth 500K today. Renting it will cost $2000-2500/month. Buying it will cost you at least $2500/month in interest on your loan, plus possibly $5000/month in depreciation.

[Eugene]

Where’s a good place to look for a rental?

http://sandiego.craigslist.org

wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

letting someone else absorb house price decline on the order of 10%/year far outweighs any other possible financial reasons.

Consider a house that’s worth 500K today. Renting it will cost $2000-2500/month. Buying it will cost you at least $2500/month in interest on your loan, plus possibly $5000/month in depreciation.

[125mph]

Thanks.

Where’s a good place to look for a rental?

I didn’t consider a renting a house before because wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

[125mph]

Thanks.

Where’s a good place to look for a rental?

I didn’t consider a renting a house before because wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

[125mph]

Thanks.

Where’s a good place to look for a rental?

I didn’t consider a renting a house before because wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

[125mph]

Thanks.

Where’s a good place to look for a rental?

I didn’t consider a renting a house before because wouldn’t it be wiser to put that money in the mortgage rather than pay someone else’s mortgage. But maybe it will make sense for the right rental.

[CogSciGuy]

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

Rent a house.

[CogSciGuy]

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

Rent a house.

[CogSciGuy]

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

Rent a house.

[CogSciGuy]

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

Rent a house.

[125mph]

I dont get that thread about the savings… They are saying they brought property and saved money?

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

[125mph]

I dont get that thread about the savings… They are saying they brought property and saved money?

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

[125mph]

I dont get that thread about the savings… They are saying they brought property and saved money?

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

[125mph]

I dont get that thread about the savings… They are saying they brought property and saved money?

Anyway If you’re saying I shouldn’t buy before 2011, where do I live then? I have a dog so living in an apartment or a condo rental is tough.

[Ex-SD]

Surely, you’re kidding? Buying a SFR in any of those areas before 2011 (at the earliest) would be a huge mistake that could cost you bookoo $$$$$$. You would be wise to read a lot of the threads on this forum (and others). Here’s one example: http://piggington.com/how_much_have_u_saved_new_to_board

[Ex-SD]

Surely, you’re kidding? Buying a SFR in any of those areas before 2011 (at the earliest) would be a huge mistake that could cost you bookoo $$$$$$. You would be wise to read a lot of the threads on this forum (and others). Here’s one example: http://piggington.com/how_much_have_u_saved_new_to_board

[Ex-SD]

Surely, you’re kidding? Buying a SFR in any of those areas before 2011 (at the earliest) would be a huge mistake that could cost you bookoo $$$$$$. You would be wise to read a lot of the threads on this forum (and others). Here’s one example: http://piggington.com/how_much_have_u_saved_new_to_board

[Ex-SD]

Surely, you’re kidding? Buying a SFR in any of those areas before 2011 (at the earliest) would be a huge mistake that could cost you bookoo $$$$$$. You would be wise to read a lot of the threads on this forum (and others). Here’s one example: http://piggington.com/how_much_have_u_saved_new_to_board

[SD Realtor]

I guess I do not see any immediate reasons why you are pressing so hard to purchase at the moment. Most people who are in need of a home for purchase do so because of family needs, school districts, and other issues that generally are not applicable to young single males.

As a Scripps resident and a future buyer I understand your frustration with the current prices so you really have nothing to lose by waiting. Also no this is not central to San Diego. Ideally Carmel Valley is kind of central to San Diego county activity but central San Diego is considered North Park, Normal Heights, etc… which is a vastly different experience then Scripps, Rancho P, and CV.

Absolutely if I were in your shoes I would wait if you can. That said I do know of someone who is very close to your age (overall demographic) and he is closing escrow in a few days. He lowballed a home in Clairemont and they accepted. So… go figure.

SD Realtor

[SD Realtor]

I guess I do not see any immediate reasons why you are pressing so hard to purchase at the moment. Most people who are in need of a home for purchase do so because of family needs, school districts, and other issues that generally are not applicable to young single males.

As a Scripps resident and a future buyer I understand your frustration with the current prices so you really have nothing to lose by waiting. Also no this is not central to San Diego. Ideally Carmel Valley is kind of central to San Diego county activity but central San Diego is considered North Park, Normal Heights, etc… which is a vastly different experience then Scripps, Rancho P, and CV.

Absolutely if I were in your shoes I would wait if you can. That said I do know of someone who is very close to your age (overall demographic) and he is closing escrow in a few days. He lowballed a home in Clairemont and they accepted. So… go figure.

SD Realtor

[SD Realtor]

I guess I do not see any immediate reasons why you are pressing so hard to purchase at the moment. Most people who are in need of a home for purchase do so because of family needs, school districts, and other issues that generally are not applicable to young single males.

As a Scripps resident and a future buyer I understand your frustration with the current prices so you really have nothing to lose by waiting. Also no this is not central to San Diego. Ideally Carmel Valley is kind of central to San Diego county activity but central San Diego is considered North Park, Normal Heights, etc… which is a vastly different experience then Scripps, Rancho P, and CV.

Absolutely if I were in your shoes I would wait if you can. That said I do know of someone who is very close to your age (overall demographic) and he is closing escrow in a few days. He lowballed a home in Clairemont and they accepted. So… go figure.

SD Realtor

[SD Realtor]

I guess I do not see any immediate reasons why you are pressing so hard to purchase at the moment. Most people who are in need of a home for purchase do so because of family needs, school districts, and other issues that generally are not applicable to young single males.

As a Scripps resident and a future buyer I understand your frustration with the current prices so you really have nothing to lose by waiting. Also no this is not central to San Diego. Ideally Carmel Valley is kind of central to San Diego county activity but central San Diego is considered North Park, Normal Heights, etc… which is a vastly different experience then Scripps, Rancho P, and CV.

Absolutely if I were in your shoes I would wait if you can. That said I do know of someone who is very close to your age (overall demographic) and he is closing escrow in a few days. He lowballed a home in Clairemont and they accepted. So… go figure.

SD Realtor

[SD Realtor]

I guess I do not see any immediate reasons why you are pressing so hard to purchase at the moment. Most people who are in need of a home for purchase do so because of family needs, school districts, and other issues that generally are not applicable to young single males.

As a Scripps resident and a future buyer I understand your frustration with the current prices so you really have nothing to lose by waiting. Also no this is not central to San Diego. Ideally Carmel Valley is kind of central to San Diego county activity but central San Diego is considered North Park, Normal Heights, etc… which is a vastly different experience then Scripps, Rancho P, and CV.

Absolutely if I were in your shoes I would wait if you can. That said I do know of someone who is very close to your age (overall demographic) and he is closing escrow in a few days. He lowballed a home in Clairemont and they accepted. So… go figure.

SD Realtor

[The OC Scam]

Well Mate

If you want to buy right now you better have 20 percent, FICO in the high 700s and making around 100k plus a year in order to maybe have a chance…..Oooh and by the way do not forget you may have to pay some of the closing costs if not maybe all since most sellers are banks…. I wonder if you can even get what you want?? I don’t believe currently it is about a purchase offer agreement but actually closing escrow since Country Wide is one of the only lenders offering any stated income programs to date??

[125mph]

Well to be honest OCScam,

I only have 10% down. I do 160k annual income with long history, and fico is around 780. The loan officer said he could qualify me for 630k house (assumin 10% down) without problems and no jumbo loan, or higher with jumbo at higher rates. I’m also only interestd in buying with seller paying for full closing.

[SD Realtor]

125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.

I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.

Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.

In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.

SD Realtor

[SD Realtor]

125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.

I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.

Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.

In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.

SD Realtor

[SD Realtor]

125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.

I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.

Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.

In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.

SD Realtor

[SD Realtor]

125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.

I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.

Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.

In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.

SD Realtor

[SD Realtor]

125 I would not worry about what others say with regards to financing. I have two buyers right now in escrow, one with 5% down and another with 10% down. Yes financing is getting harder nowadays but no do not believe it is unattainable because somebody on a blog told you so.

I also have dog(s) and yes finding a suitable rental that is pet friendly was much more difficult then people make it out to be. Just be patient and keep looking around. Check Craigslist and the usual internet sites. Go to google and type in san diego rentals or strings similar to that and see what comes up. If you want to post your budget and areas you want to look at then put them in this string and I will see if there is anything on the MLS for you. The MLS is pretty weak when it comes to rentals but it does not mean it should be 100% ignored.

Now be aware of the timing we are (or at least) I am talking about. You should probably be ready to hunker down for a few years if you are looking to eliminate much of the downside risk of buying. Alternately you should be saving as much as possible. At some point we WILL see interest rates go up. Not if… when and by how much.

In terms of sellers paying closing costs that is pretty easy to get to happen nowadays. Anyways like I said, my rationale for not buying today has nothing to do with whether you can or cannot get the financing because you can. It is more along the lines of trying to recognize that you can save some serious bucks right now by holding off OR if you are gonna buy they lowball the sellers like crazy, then prepare for rejections, repeat the process, and you may get a hit if you don’t give up.

SD Realtor

[125mph]

Well to be honest OCScam,

I only have 10% down. I do 160k annual income with long history, and fico is around 780. The loan officer said he could qualify me for 630k house (assumin 10% down) without problems and no jumbo loan, or higher with jumbo at higher rates. I’m also only interestd in buying with seller paying for full closing.

[125mph]

Well to be honest OCScam,

I only have 10% down. I do 160k annual income with long history, and fico is around 780. The loan officer said he could qualify me for 630k house (assumin 10% down) without problems and no jumbo loan, or higher with jumbo at higher rates. I’m also only interestd in buying with seller paying for full closing.

[125mph]

Well to be honest OCScam,

I only have 10% down. I do 160k annual income with long history, and fico is around 780. The loan officer said he could qualify me for 630k house (assumin 10% down) without problems and no jumbo loan, or higher with jumbo at higher rates. I’m also only interestd in buying with seller paying for full closing.

[125mph]

Well to be honest OCScam,

I only have 10% down. I do 160k annual income with long history, and fico is around 780. The loan officer said he could qualify me for 630k house (assumin 10% down) without problems and no jumbo loan, or higher with jumbo at higher rates. I’m also only interestd in buying with seller paying for full closing.

[The OC Scam]

Well Mate

If you want to buy right now you better have 20 percent, FICO in the high 700s and making around 100k plus a year in order to maybe have a chance…..Oooh and by the way do not forget you may have to pay some of the closing costs if not maybe all since most sellers are banks…. I wonder if you can even get what you want?? I don’t believe currently it is about a purchase offer agreement but actually closing escrow since Country Wide is one of the only lenders offering any stated income programs to date??

[The OC Scam]

Well Mate

If you want to buy right now you better have 20 percent, FICO in the high 700s and making around 100k plus a year in order to maybe have a chance…..Oooh and by the way do not forget you may have to pay some of the closing costs if not maybe all since most sellers are banks…. I wonder if you can even get what you want?? I don’t believe currently it is about a purchase offer agreement but actually closing escrow since Country Wide is one of the only lenders offering any stated income programs to date??

[The OC Scam]

Well Mate

If you want to buy right now you better have 20 percent, FICO in the high 700s and making around 100k plus a year in order to maybe have a chance…..Oooh and by the way do not forget you may have to pay some of the closing costs if not maybe all since most sellers are banks…. I wonder if you can even get what you want?? I don’t believe currently it is about a purchase offer agreement but actually closing escrow since Country Wide is one of the only lenders offering any stated income programs to date??

[The OC Scam]

Well Mate

If you want to buy right now you better have 20 percent, FICO in the high 700s and making around 100k plus a year in order to maybe have a chance…..Oooh and by the way do not forget you may have to pay some of the closing costs if not maybe all since most sellers are banks…. I wonder if you can even get what you want?? I don’t believe currently it is about a purchase offer agreement but actually closing escrow since Country Wide is one of the only lenders offering any stated income programs to date??

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Coronita]

Deleted. I thought you were considering a $650k condo, which I thought was nuts… Never mind. 

[Anonymous]

If you are an engineer you should be smart enough to run the simple rent vs. buy numbers and there is no way purchasing for 550-650 makes any sense. You can rent an equivalent house for around 2000 per month. Anyway, those same houses you are looking at will be well under 400K within a couple years.

[mixxalot]

Better to wait and save

I have saved up 60k and waiting still. Either prices fall when it makes sense to stay and buy in southern California or I am moving in 2010 to Austin or place like Raleigh, NC where tech jobs are plenty and home prices not inflated.

Let the foolish Europeans piss their money away and market crash.

[futurePrezOfUSofA]

125mph,

why do you really want to buy soon? Is there a strong and compelling reason?

Remember: Desire is one thing.. that usually leads to impulse buying and want is the other thing. The “want” part is usually more compulsive and more logical.

I came to san diego 2 weeks back and think this area needs some serious correction. everything is almost 25% more overvalued than what I might pay in an upscale chicago neighborhood. i mean everything from food, to necessary services, and to real estate.

futurePrezOfUSofA

PS: By the way.. did you do your MBA from Duke university? My roommate used that 125mph nickname before.. I lost touch with him though.. just curious..

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[125mph]

Nope I went to UCLA not duke.

I guess I have a desire to buy and been waiting for about a year now. I will probably rent for another year seeing as though everyone thinks I’m craze for buying now, but I don’t think prices will get below 400 for homes at 600 right now though. Well maybe I’ll make a few lowball offers to see if anything bites. RE is going down but I don’t think it will take a suicide dive.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[RatherOpinionated]

That’s Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

[The OC Scam]

160k is obviously a very good annual income and 780 kicks some serious kittens with 10 percent …um you the man!

I wasn’t saying you couldn’t get financing but as SDR says there are people getting loans just not like they were before..
As far as you saying 600k house not going down to 400k? This has already happened here in OC
I have purchased a home in very nice neighborhood because I want to keep my children in the school district and the price was negotiated into my comfort zone. We settled in the mid 400k area and this is a home that sold for around 700k in 2006. My background is 120k combined, 20 percent and 780ish credit and we had some issues with the reserves. You can ask some of the realtors on here but I had to borrow some money to show a 5 percent reserves after putting down the 20 percent. This is something I wasn’t anticipating you may not as well?

And yes to SD R I bought the foreclosure! I’m not a squatter anymore
Good luck!

[SD Realtor]

OC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.

125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.

Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.

Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.

SD Realtor

[Ex-SD]

Houses that sold for over $600k have already fallen to the $400k and below in Temecula, Riverside, San Bernadino, Sacramento areas (and some other parts of CA). If you truly believe that it won’t happen to San Diego, go ahead and buy…………….but you’ll be crying in your beer every time you make a house payment and pay your taxes because many of your future neighbors who waited for the bottom to hit will have paid hundreds of thousands less.

Good luck to you whatever you decide to do.

[Ex-SD]

Houses that sold for over $600k have already fallen to the $400k and below in Temecula, Riverside, San Bernadino, Sacramento areas (and some other parts of CA). If you truly believe that it won’t happen to San Diego, go ahead and buy…………….but you’ll be crying in your beer every time you make a house payment and pay your taxes because many of your future neighbors who waited for the bottom to hit will have paid hundreds of thousands less.

Good luck to you whatever you decide to do.

[Ex-SD]

Houses that sold for over $600k have already fallen to the $400k and below in Temecula, Riverside, San Bernadino, Sacramento areas (and some other parts of CA). If you truly believe that it won’t happen to San Diego, go ahead and buy…………….but you’ll be crying in your beer every time you make a house payment and pay your taxes because many of your future neighbors who waited for the bottom to hit will have paid hundreds of thousands less.

Good luck to you whatever you decide to do.

[Ex-SD]

Houses that sold for over $600k have already fallen to the $400k and below in Temecula, Riverside, San Bernadino, Sacramento areas (and some other parts of CA). If you truly believe that it won’t happen to San Diego, go ahead and buy…………….but you’ll be crying in your beer every time you make a house payment and pay your taxes because many of your future neighbors who waited for the bottom to hit will have paid hundreds of thousands less.

Good luck to you whatever you decide to do.

[Ex-SD]

Houses that sold for over $600k have already fallen to the $400k and below in Temecula, Riverside, San Bernadino, Sacramento areas (and some other parts of CA). If you truly believe that it won’t happen to San Diego, go ahead and buy…………….but you’ll be crying in your beer every time you make a house payment and pay your taxes because many of your future neighbors who waited for the bottom to hit will have paid hundreds of thousands less.

Good luck to you whatever you decide to do.

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[The OC Scam]

SD R

Yes we are very happy and it was for the family and the neighborhood to stay for as long as possible and based on the reasons I had wished to buy a house for years now!

[SD Realtor]

OC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.

125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.

Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.

Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.

SD Realtor

[SD Realtor]

OC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.

125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.

Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.

Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.

SD Realtor

[SD Realtor]

OC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.

125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.

Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.

Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.

SD Realtor

[SD Realtor]

OC Scam I think yours is actually an example of getting a good deal in a depreciating market. Additionally your motivation for buying the home you now live in falls into one of the more common reasons that people buy. You did it for your family, you did it because you believe (or I shall say I assume you believe) that this home will be a home that you and your family will be leaving in for many yeasrs to come.

125 trying to figure out the depth of the depreciation cycle is quite difficult. A 600k to a 400k drop off is 33% and while that is a large drop off it is not inconceivable. Hard to believe but not impossible. We have already seen 30% drops in some areas here in San Diego County. I cannot say that it will happen in the areas you want to live in but…. well ya never know.

Again, given your salary, your single and as far as I know, you do not have any children I believe that you may be able to position yourself very well by waiting at least a year if not longer. Consequently with enough cash savings you may be well positioned not only to purchase a primary residence but perhaps an investment property as well.

Again, if you feel that you HAVE to buy now then at least drive a hard bargain, shop around…lowball take your time.

SD Realtor

[The OC Scam]

160k is obviously a very good annual income and 780 kicks some serious kittens with 10 percent …um you the man!

I wasn’t saying you couldn’t get financing but as SDR says there are people getting loans just not like they were before..
As far as you saying 600k house not going down to 400k? This has already happened here in OC
I have purchased a home in very nice neighborhood because I want to keep my children in the school district and the price was negotiated into my comfort zone. We settled in the mid 400k area and this is a home that sold for around 700k in 2006. My background is 120k combined, 20 percent and 780ish credit and we had some issues with the reserves. You can ask some of the realtors on here but I had to borrow some money to show a 5 percent reserves after putting down the 20 percent. This is something I wasn’t anticipating you may not as well?

And yes to SD R I bought the foreclosure! I’m not a squatter anymore
Good luck!

[The OC Scam]

160k is obviously a very good annual income and 780 kicks some serious kittens with 10 percent …um you the man!

I wasn’t saying you couldn’t get financing but as SDR says there are people getting loans just not like they were before..
As far as you saying 600k house not going down to 400k? This has already happened here in OC
I have purchased a home in very nice neighborhood because I want to keep my children in the school district and the price was negotiated into my comfort zone. We settled in the mid 400k area and this is a home that sold for around 700k in 2006. My background is 120k combined, 20 percent and 780ish credit and we had some issues with the reserves. You can ask some of the realtors on here but I had to borrow some money to show a 5 percent reserves after putting down the 20 percent. This is something I wasn’t anticipating you may not as well?

And yes to SD R I bought the foreclosure! I’m not a squatter anymore
Good luck!

[The OC Scam]

160k is obviously a very good annual income and 780 kicks some serious kittens with 10 percent …um you the man!

I wasn’t saying you couldn’t get financing but as SDR says there are people getting loans just not like they were before..
As far as you saying 600k house not going down to 400k? This has already happened here in OC
I have purchased a home in very nice neighborhood because I want to keep my children in the school district and the price was negotiated into my comfort zone. We settled in the mid 400k area and this is a home that sold for around 700k in 2006. My background is 120k combined, 20 percent and 780ish credit and we had some issues with the reserves. You can ask some of the realtors on here but I had to borrow some money to show a 5 percent reserves after putting down the 20 percent. This is something I wasn’t anticipating you may not as well?

And yes to SD R I bought the foreclosure! I’m not a squatter anymore
Good luck!

[The OC Scam]

160k is obviously a very good annual income and 780 kicks some serious kittens with 10 percent …um you the man!

I wasn’t saying you couldn’t get financing but as SDR says there are people getting loans just not like they were before..
As far as you saying 600k house not going down to 400k? This has already happened here in OC
I have purchased a home in very nice neighborhood because I want to keep my children in the school district and the price was negotiated into my comfort zone. We settled in the mid 400k area and this is a home that sold for around 700k in 2006. My background is 120k combined, 20 percent and 780ish credit and we had some issues with the reserves. You can ask some of the realtors on here but I had to borrow some money to show a 5 percent reserves after putting down the 20 percent. This is something I wasn’t anticipating you may not as well?

And yes to SD R I bought the foreclosure! I’m not a squatter anymore
Good luck!

[Coronita]

That's Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

 

I would sort or agree with some things RO is saying here. I personally think in some neighborhoods, there will be an intrinsic premium for owning versus renting. That said, if you want to find bargains, it's not happening in CV,RP (yet). There are some homes in the off of Camino Del Sur (part of RP) that are relatively new, about 2000 sqft in the mid $650k. (Next to the new Intuit campus). I've always a been a proponent that you own your primary when you can afford it without going out on an arm and a leg. But I never view primary homes as investments. I would though recommend you spending your time to be picky and choosy.

[Coronita]

That's Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

 

I would sort or agree with some things RO is saying here. I personally think in some neighborhoods, there will be an intrinsic premium for owning versus renting. That said, if you want to find bargains, it's not happening in CV,RP (yet). There are some homes in the off of Camino Del Sur (part of RP) that are relatively new, about 2000 sqft in the mid $650k. (Next to the new Intuit campus). I've always a been a proponent that you own your primary when you can afford it without going out on an arm and a leg. But I never view primary homes as investments. I would though recommend you spending your time to be picky and choosy.

[Coronita]

That's Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

 

I would sort or agree with some things RO is saying here. I personally think in some neighborhoods, there will be an intrinsic premium for owning versus renting. That said, if you want to find bargains, it's not happening in CV,RP (yet). There are some homes in the off of Camino Del Sur (part of RP) that are relatively new, about 2000 sqft in the mid $650k. (Next to the new Intuit campus). I've always a been a proponent that you own your primary when you can afford it without going out on an arm and a leg. But I never view primary homes as investments. I would though recommend you spending your time to be picky and choosy.

[Coronita]

That's Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

 

I would sort or agree with some things RO is saying here. I personally think in some neighborhoods, there will be an intrinsic premium for owning versus renting. That said, if you want to find bargains, it's not happening in CV,RP (yet). There are some homes in the off of Camino Del Sur (part of RP) that are relatively new, about 2000 sqft in the mid $650k. (Next to the new Intuit campus). I've always a been a proponent that you own your primary when you can afford it without going out on an arm and a leg. But I never view primary homes as investments. I would though recommend you spending your time to be picky and choosy.

[Coronita]

That's Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

 

I would sort or agree with some things RO is saying here. I personally think in some neighborhoods, there will be an intrinsic premium for owning versus renting. That said, if you want to find bargains, it's not happening in CV,RP (yet). There are some homes in the off of Camino Del Sur (part of RP) that are relatively new, about 2000 sqft in the mid $650k. (Next to the new Intuit campus). I've always a been a proponent that you own your primary when you can afford it without going out on an arm and a leg. But I never view primary homes as investments. I would though recommend you spending your time to be picky and choosy.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Ren]

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere.

I laughed out loud at this. You say it like he would actually be building equity from the start.

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

How is buying on the downside and watching a $120k down payment evaporate in two years a “good decision”? Why NOT wait until prices level out, when you can save that $120k and tens of thousands more by renting and live exactly the same lifestyle, and then have a larger down payment on a cheaper house and have actual equity from the beginning?

Personally, the satisfaction of ownership is not a good enough reason to make the decision to buy now. The pros of waiting so far outweigh the cons that it’s not even a question for me.

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[NotCranky]

R.O. if you think it is such a good time to own real estate why are you selling a very nice SFR, in a nice part of town? I am just curious.Do you plan on moving up since it has paid off so well? Maybe you could link it again so everyone can see what I am talking about? Is it that you don’t like alligators but you think playing with them is fine for everyone else. Is it a “misery loves company” thing? Maybe you can use your personal story to convince the O.P. of your sound reasoning?

[NotCranky]

R.O. if you think it is such a good time to own real estate why are you selling a very nice SFR, in a nice part of town? I am just curious.Do you plan on moving up since it has paid off so well? Maybe you could link it again so everyone can see what I am talking about? Is it that you don’t like alligators but you think playing with them is fine for everyone else. Is it a “misery loves company” thing? Maybe you can use your personal story to convince the O.P. of your sound reasoning?

[NotCranky]

R.O. if you think it is such a good time to own real estate why are you selling a very nice SFR, in a nice part of town? I am just curious.Do you plan on moving up since it has paid off so well? Maybe you could link it again so everyone can see what I am talking about? Is it that you don’t like alligators but you think playing with them is fine for everyone else. Is it a “misery loves company” thing? Maybe you can use your personal story to convince the O.P. of your sound reasoning?

[NotCranky]

R.O. if you think it is such a good time to own real estate why are you selling a very nice SFR, in a nice part of town? I am just curious.Do you plan on moving up since it has paid off so well? Maybe you could link it again so everyone can see what I am talking about? Is it that you don’t like alligators but you think playing with them is fine for everyone else. Is it a “misery loves company” thing? Maybe you can use your personal story to convince the O.P. of your sound reasoning?

[NotCranky]

R.O. if you think it is such a good time to own real estate why are you selling a very nice SFR, in a nice part of town? I am just curious.Do you plan on moving up since it has paid off so well? Maybe you could link it again so everyone can see what I am talking about? Is it that you don’t like alligators but you think playing with them is fine for everyone else. Is it a “misery loves company” thing? Maybe you can use your personal story to convince the O.P. of your sound reasoning?

[SD Realtor]

OC Scam good for finding what you want.

FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.

RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.

SD Realtor

[RatherOpinionated]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market? Prices are already well off their highs, and there truly is no way to know when the bottom has hit until it has already passed. If 125 likes a place enough to live in it even if it drops a bit more, who cares?

[Ren]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market?

How about to save well over a hundred grand?

Prices are already well off their highs

Not in 4S they’re not.

…and there truly is no way to know when the bottom has hit until it has already passed.

Not entirely true. We know approximately where prices should be. The market turns so slowly that it will likely be pretty obvious when things have settled close to that point (or even slightly above would be fine), and people will have plenty to choose from and plenty of time to shop around. And when it finally does turn upward, it won’t be the rocketship it was, so there really is no hurry.

[Ren]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market?

How about to save well over a hundred grand?

Prices are already well off their highs

Not in 4S they’re not.

…and there truly is no way to know when the bottom has hit until it has already passed.

Not entirely true. We know approximately where prices should be. The market turns so slowly that it will likely be pretty obvious when things have settled close to that point (or even slightly above would be fine), and people will have plenty to choose from and plenty of time to shop around. And when it finally does turn upward, it won’t be the rocketship it was, so there really is no hurry.

[Ren]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market?

How about to save well over a hundred grand?

Prices are already well off their highs

Not in 4S they’re not.

…and there truly is no way to know when the bottom has hit until it has already passed.

Not entirely true. We know approximately where prices should be. The market turns so slowly that it will likely be pretty obvious when things have settled close to that point (or even slightly above would be fine), and people will have plenty to choose from and plenty of time to shop around. And when it finally does turn upward, it won’t be the rocketship it was, so there really is no hurry.

[Ren]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market?

How about to save well over a hundred grand?

Prices are already well off their highs

Not in 4S they’re not.

…and there truly is no way to know when the bottom has hit until it has already passed.

Not entirely true. We know approximately where prices should be. The market turns so slowly that it will likely be pretty obvious when things have settled close to that point (or even slightly above would be fine), and people will have plenty to choose from and plenty of time to shop around. And when it finally does turn upward, it won’t be the rocketship it was, so there really is no hurry.

[Ren]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market?

How about to save well over a hundred grand?

Prices are already well off their highs

Not in 4S they’re not.

…and there truly is no way to know when the bottom has hit until it has already passed.

Not entirely true. We know approximately where prices should be. The market turns so slowly that it will likely be pretty obvious when things have settled close to that point (or even slightly above would be fine), and people will have plenty to choose from and plenty of time to shop around. And when it finally does turn upward, it won’t be the rocketship it was, so there really is no hurry.

[125mph]

HI SD R.. I found a rental on craigslist for $1795 2bed/2bath condo.. i realized this is an msl listing for and found the listing on an MLS search as $1745.

Is the person that listed it on craigslist trying to pocket $50 per month?

Also, how do I go about getting an MLS rental?

[125mph]

HI SD R.. I found a rental on craigslist for $1795 2bed/2bath condo.. i realized this is an msl listing for and found the listing on an MLS search as $1745.

Is the person that listed it on craigslist trying to pocket $50 per month?

Also, how do I go about getting an MLS rental?

[125mph]

HI SD R.. I found a rental on craigslist for $1795 2bed/2bath condo.. i realized this is an msl listing for and found the listing on an MLS search as $1745.

Is the person that listed it on craigslist trying to pocket $50 per month?

Also, how do I go about getting an MLS rental?

[125mph]

HI SD R.. I found a rental on craigslist for $1795 2bed/2bath condo.. i realized this is an msl listing for and found the listing on an MLS search as $1745.

Is the person that listed it on craigslist trying to pocket $50 per month?

Also, how do I go about getting an MLS rental?

[125mph]

HI SD R.. I found a rental on craigslist for $1795 2bed/2bath condo.. i realized this is an msl listing for and found the listing on an MLS search as $1745.

Is the person that listed it on craigslist trying to pocket $50 per month?

Also, how do I go about getting an MLS rental?

[RatherOpinionated]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market? Prices are already well off their highs, and there truly is no way to know when the bottom has hit until it has already passed. If 125 likes a place enough to live in it even if it drops a bit more, who cares?

[RatherOpinionated]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market? Prices are already well off their highs, and there truly is no way to know when the bottom has hit until it has already passed. If 125 likes a place enough to live in it even if it drops a bit more, who cares?

[RatherOpinionated]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market? Prices are already well off their highs, and there truly is no way to know when the bottom has hit until it has already passed. If 125 likes a place enough to live in it even if it drops a bit more, who cares?

[RatherOpinionated]

If 125 can get into a primary residence, and possibly even subsidize his mortgage with a roommate or two, why would you all try and Tell him to time the market? Prices are already well off their highs, and there truly is no way to know when the bottom has hit until it has already passed. If 125 likes a place enough to live in it even if it drops a bit more, who cares?

[SD Realtor]

OC Scam good for finding what you want.

FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.

RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.

SD Realtor

[SD Realtor]

OC Scam good for finding what you want.

FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.

RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.

SD Realtor

[SD Realtor]

OC Scam good for finding what you want.

FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.

RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.

SD Realtor

[SD Realtor]

OC Scam good for finding what you want.

FLU made the most insightful statement. I have tried to expand on his point in many posts. Home ownership is not as much about investment as a lifestyle. Many on this site vehemently disagree with that sort of statement and I respect AND understand that stance.

RO I think that your statement was more to stir the pot then anything else. Come on now, you are probably quite successful financially and whether you made your money through real estate or through other means, to make a statement such as the one you made above really was…. well it was kind of a laugher dude.

SD Realtor

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[Anonymous]

RatherOpionated you should change your name to RatherClueless. Value is a realtive factor. Were you also advocating buying tech stocks in 2000 with P/E multiples of over 100?

Ultimataly prices will correct to within normal historical levels based on income and other factors. That is historical for San Diego, nothing to do with other cities.

That’s why if you want to look in the crystal ball and get a ballpark estimate for what houses SHOULD and WILL be selling for, look at sales prices in San Diego from 1999-2000 timeframe and adjust for inflation.

[CVFanGirl]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It’s worth over 2 mil now. That’s value investing in housing. Once it isn’t a value anymore, sell. That is all.

[Coronita]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It's worth over 2 mil now. That's value investing in housing. Once it isn't a value anymore, sell. That is all.

I'd like to distinguish between folks that can consistenlyt turn a profit, and people that turned a profit being in the right place at the right time. The former I would think can turn a profit at any economic cycle. The latter is no different than those Qualcomm people that were in the right company at the right time. (no offense).

It's one thing to have flipped RE in recent times and to have made money from it. But are these people really "RE investors", or just lucky?????

I'll admit something that I usually don't bring up too often. My wife and I sold a CV condo for almost 100% gain. But unlike some others that might claim financial astuteness, I'll admit we did this completely out of luck. There was motivation for that, none of which were economic astudeness on our part. For one, we wanted to move into a bigger place. Second, even though we could hold on and probably cash flow positive as a rental, the real reason why I didn't want to hold onto it was that it would leave the door open for my inlaws to permanently move here (and ditto with my parents). So I pushed to sell it. Again, the time we sold it is was shear luck of the draw. We went into escrow 3 times, each time the buyer kept backing out. But finally, as our RE kept raising prices, there was always another buyer lined up. The buyer (I think was a flipper) tried to flip it for an immediate $50k. But it backfired, because by the time they tried to do this, the market already started to sag. They eventually sold it at small loss, excluding any mortgage interests and susidized rent they provided.

So, while I don't dispute there are some on this board that are financially astute, I wouldn't say everyone (in fact most) who could time the markets right.

Which brings me to the original point. For a primary resident, if you don't consider your primary residence as an investment, it probably makes sense to buy when you can afford to live in the area/size you want to live without going out on a limb.

Some expert correct me if I'm wrong but…Primary residence doesn't generate cash flow, so the only way to "make money" really is through appreciation, right? If you agree with that, then the only way you will make money is based on appreciation less the interest portion of your mortgage you paid, offsetted by tax benefits and how much you would have paid for rent for something comparable (I'm leaving out other factors too). Yes/no?

 

 

[125mph]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I’ll just blow that money on girls and gambling 🙂 (just kidding)

[Coronita]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I'll just blow that money on girls and gambling 🙂 (just kidding)

 

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

[125mph]

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

Yes I am an engineer!

[SD Realtor]

Hi 125 –

Lots of engineers on this board. I am an ASIC designer as well and direct a staff of other ASIC guys as well. We focus on PCI Express applications.

Anyways I will try to find out more information for you on the rental later this evening.

SD Realtor

[CogSciGuy]

Engineers–all nerds! BOCTAOE

[stansd]

I stopped my engineering curriculum after the first semester and headed for economics. 160K at 29? Looks like I made a mistake if you aren’t working 80 hours a week. I would have needed to head for an IB or consulting firm to be near that number, and I’d probably be divorced by now.

Fill us in, 125…how did you pull that off?

Stan

[Anonymous]

NERDS! Yes, it is obvious this board is full of engineers, especially the way Marion’s threads lit up. Clearly the stereotype is true, engineers do not get a lot of social interaction, particularly with women.

Not sure what 125 is doing to make 160K, not a lot of engineering jobs in San Diego pay that much short of being a high level manager (in which case you are not really working as an engineer any more, and are probably not 29). Realistically you need to be in the Bay area to pull that salary.

[wawawa]

125 MPH”

What is the hurry !!??.

[wawawa]

125 MPH”

What is the hurry !!??.

[wawawa]

125 MPH”

What is the hurry !!??.

[wawawa]

125 MPH”

What is the hurry !!??.

[wawawa]

125 MPH”

What is the hurry !!??.

[Anonymous]

NERDS! Yes, it is obvious this board is full of engineers, especially the way Marion’s threads lit up. Clearly the stereotype is true, engineers do not get a lot of social interaction, particularly with women.

Not sure what 125 is doing to make 160K, not a lot of engineering jobs in San Diego pay that much short of being a high level manager (in which case you are not really working as an engineer any more, and are probably not 29). Realistically you need to be in the Bay area to pull that salary.

[Anonymous]

NERDS! Yes, it is obvious this board is full of engineers, especially the way Marion’s threads lit up. Clearly the stereotype is true, engineers do not get a lot of social interaction, particularly with women.

Not sure what 125 is doing to make 160K, not a lot of engineering jobs in San Diego pay that much short of being a high level manager (in which case you are not really working as an engineer any more, and are probably not 29). Realistically you need to be in the Bay area to pull that salary.

[Anonymous]

NERDS! Yes, it is obvious this board is full of engineers, especially the way Marion’s threads lit up. Clearly the stereotype is true, engineers do not get a lot of social interaction, particularly with women.

Not sure what 125 is doing to make 160K, not a lot of engineering jobs in San Diego pay that much short of being a high level manager (in which case you are not really working as an engineer any more, and are probably not 29). Realistically you need to be in the Bay area to pull that salary.

[Anonymous]

NERDS! Yes, it is obvious this board is full of engineers, especially the way Marion’s threads lit up. Clearly the stereotype is true, engineers do not get a lot of social interaction, particularly with women.

Not sure what 125 is doing to make 160K, not a lot of engineering jobs in San Diego pay that much short of being a high level manager (in which case you are not really working as an engineer any more, and are probably not 29). Realistically you need to be in the Bay area to pull that salary.

[125mph]

Fill us in, 125…how did you pull that off?

Well Stan, I’m in an “architect/director” role. I probably work 45 hours on average a week so it is a little more but in this line of work 45 is expected.

I moved around companies every 2-3 years and that gave way to a steady increase in income (along with internal growth). That, and a combination of other things such as being a excellent salary negotiator.

[Anonymous]

I have to say this thread captured my interest a few days ago. That’s is an impressive salary. I only went to school 7 years post high school and I won’t be making that.

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

[125mph]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that’s extremely hard to do even with a degree.

I also don’t think you need an advanced degree such as PhD in the computer line of work. Probably won’t make much if any extra.

[Anonymous]

Thanks 125. My son is definitely colllege bound. He’s a whiz in Math and Science and he’s very good with computers. He can hack into programs (I don’t let him do that though), he’s learning programming on his own. He’s very comfortable with and enjoys being on the computer. This degree is what we were thinking about.

[125mph]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

[Anonymous]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

[Coronita]

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

 

NP. Actually, if he can, the best thing to do is for him to get internships while in college, or better do a co-op program ( I didn't do a co-op when I was in school, just did summer internships. I wish i did a co-op).

I'm not sure what the state of our education is, but it would seem that people are getting involved more and more at a younger age. A good thing would be to find him a part time or project while in high related to computers if you can, even if it means working for little pay or no pay…That versus doing things like delivering papers or working at MickeyDees, though I must say the latter teaches you how to deal with difficult people at times.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Anonymous]

Flu, what is a co-op?

And again, thanks for all this good info.

🙂

[little lady]

So buy already?!!?

[VoZangre]

Couldn’t resist…

” anaestheologists can make $300k/yr+!!”

I make you feel no pain, now pay up.

Voz

ps- surprising that bartenders dont make more

[VoZangre]

Couldn’t resist…

” anaestheologists can make $300k/yr+!!”

I make you feel no pain, now pay up.

Voz

ps- surprising that bartenders dont make more

[VoZangre]

Couldn’t resist…

” anaestheologists can make $300k/yr+!!”

I make you feel no pain, now pay up.

Voz

ps- surprising that bartenders dont make more

[VoZangre]

Couldn’t resist…

” anaestheologists can make $300k/yr+!!”

I make you feel no pain, now pay up.

Voz

ps- surprising that bartenders dont make more

[VoZangre]

Couldn’t resist…

” anaestheologists can make $300k/yr+!!”

I make you feel no pain, now pay up.

Voz

ps- surprising that bartenders dont make more

[little lady]

So buy already?!!?

[little lady]

So buy already?!!?

[little lady]

So buy already?!!?

[little lady]

So buy already?!!?

[Coronita]

Co-op is a program that some colleges offer in partnership with companies. Basically, you take all your courses for 1 semester in the summertime. The following fall, you go work for a company for about 6 months. It's similiar to a summer internship, except the duration at the company is usually longer.

There are some advantages to this. Sometimes because summer internships are short (2-3 months), you get stuck doing menial tasks that doesn't really help. Co-op programs usually have a dedicated assigned task.

MIT and some of the Ivy schools offered this. I didn't do it but I wish I had, because some of my classmates who did had a lot more opportunity when they graduated. Not sure about the UC schools, though I would assume so (plus UC schools in engineering tend to have great relationships with companies to provide research and projects during normal schools).

Personally, for engineering, in hindsight, I really don't think it matters between the top UC's, or Ivy, or Stanford,etc. In fact, with the exception of Stanford and MIT, I think in some cases top UC's schools have better engineering programs than Ivy's, mainly due to all the corporate partnerships. What counts more is experience in the long run. My motivation for going east was just wanted because I wanted to get out of CA for 4 years.

—– Sour grapes for everyone!

[Anonymous]

Flu, co-ops definitely sound like a good thing. I appreciate the insight on the schools too. Taking into account what you said, we could definitely look at the UC schools. If you know if UC Riverside has a good engineering program off the top of your head, let me know. If not, I’ll look into it.

Thanks again to the sweetest, less jaded, engineer on the board. 🙂

[Coronita]

Haven't heard great things about Riverside (I don't know).

If I were applying today strictly at UC, I'd consider in the following order

Berkeley

UCLA

UCSD

Irvine

 

When I was applying, UCSD was easy to get in for engineering. My understanding it's not the case anymore. Ever since Irwin Jacobs (former Qualcomm CEO) donated to UCSD engineering, and with the tie-in of professors like Prof Wolfe to Qualcomm, UCSD has one of the best wireless engineering programs around. And the interns I've seen from the CS department are pretty top notch. If by chance your kid can't get into a UC school, one school worth mentioning would be Cal State San Luis Obispo engineering. Lot of people I ran into from the bay area went there and were pretty good. The good thing about america really is you have a plethora of colleges, so not getting into one top one isn't the end of the world. Also, being your child is probably not asian, you at least don't need to worry about quota limitations for admissions (yes, I'm sure some of you think there is no such thing as quotas. Bullsh!t there isn't)

There's also private schools like CalTech and Harvey Mudd, if (1) you kid can get in, (2) you can afford the private tuition and or qualify for a scholarship/financial aid  and most importantly (3) if you son doesn't mind be cut off from the rest of the female population for 4 years and be surrounded by a bunch of freaks and geeks (sorry if I'm offending anyone here from those schools). Even though I probably wouldn't gotten in there anyway, I wouldn't have gone. Some people there are just to freaky for my taste.  I really wanted to go MIT or Stanford, but didn't make it. My older relative got into both and just about everything else she applied to, but chose to go to a liberal school (Berkeley)

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[CogSciGuy]

If I were applying today strictly at UC, I’d consider in the following order

Berkeley

UCLA

UCSD

I applied strictly at UC in 2000, and strictly to those three. I was accepted by all and opted for UCSD.

[CogSciGuy]

If I were applying today strictly at UC, I’d consider in the following order

Berkeley

UCLA

UCSD

I applied strictly at UC in 2000, and strictly to those three. I was accepted by all and opted for UCSD.

[CogSciGuy]

If I were applying today strictly at UC, I’d consider in the following order

Berkeley

UCLA

UCSD

I applied strictly at UC in 2000, and strictly to those three. I was accepted by all and opted for UCSD.

[CogSciGuy]

If I were applying today strictly at UC, I’d consider in the following order

Berkeley

UCLA

UCSD

I applied strictly at UC in 2000, and strictly to those three. I was accepted by all and opted for UCSD.

[CogSciGuy]

If I were applying today strictly at UC, I’d consider in the following order

Berkeley

UCLA

UCSD

I applied strictly at UC in 2000, and strictly to those three. I was accepted by all and opted for UCSD.

[David J]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy’s are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

[Coronita]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy's are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

Well, I can say it has a great engineering program. But I'm not sure speaking from experience that is was "better" than some of the UC's.  But I haven't attended other UC's to compare first hand. Only from comparing notes with other friends that have 🙂 From a price perspective, it was much more expensive.

The challenge that I had there was finding decent projects, because at the time you didn't have large corporation sponsors backing a lot of projects. I've told things have changed recently.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy's are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

Well, I can say it has a great engineering program. But I'm not sure speaking from experience that is was "better" than some of the UC's.  But I haven't attended other UC's to compare first hand. Only from comparing notes with other friends that have 🙂 From a price perspective, it was much more expensive.

The challenge that I had there was finding decent projects, because at the time you didn't have large corporation sponsors backing a lot of projects. I've told things have changed recently.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy's are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

Well, I can say it has a great engineering program. But I'm not sure speaking from experience that is was "better" than some of the UC's.  But I haven't attended other UC's to compare first hand. Only from comparing notes with other friends that have 🙂 From a price perspective, it was much more expensive.

The challenge that I had there was finding decent projects, because at the time you didn't have large corporation sponsors backing a lot of projects. I've told things have changed recently.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy's are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

Well, I can say it has a great engineering program. But I'm not sure speaking from experience that is was "better" than some of the UC's.  But I haven't attended other UC's to compare first hand. Only from comparing notes with other friends that have 🙂 From a price perspective, it was much more expensive.

The challenge that I had there was finding decent projects, because at the time you didn't have large corporation sponsors backing a lot of projects. I've told things have changed recently.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy's are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

Well, I can say it has a great engineering program. But I'm not sure speaking from experience that is was "better" than some of the UC's.  But I haven't attended other UC's to compare first hand. Only from comparing notes with other friends that have 🙂 From a price perspective, it was much more expensive.

The challenge that I had there was finding decent projects, because at the time you didn't have large corporation sponsors backing a lot of projects. I've told things have changed recently.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[David J]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy’s are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

[David J]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy’s are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

[David J]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy’s are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

[David J]

Cornell is a great Ivy for Engineering. The nice thing about a lot of the top private schools with large endowments, at least as far as the Ivy’s are concerned, is that they have need blind admissions and will make sure if you are accepted that you get a financial aid package that will allow you to attend.

[dumbled0ry]

I got my BS in Electrical Engineering/Computer Science from UC Berkeley, and did my co-op at NASA Jet Propulsion Laboratory in Pasadena. The co-op was basically a semester-long internship; it probably gave me a leg up if I had wanted to return to JPL, but otherwise I think a summer internship at an engineering-oriented corporation provides just as much work experience. And the nice thing is engineering corporations have money to give to summer interns (and grad students). 🙂

Having gone on a pre-college visit to Caltech, I’d say that the engineering guys at Berkeley are just as geeky as the ones at Caltech – but they both can be really sweet. That’s probably because I’m somewhat of a geek girl myself. 🙂 What’s nice about the UC schools is the general college environment – the football games and other activities that aren’t always available at tech schools.

UCSD has a solid tie-in program with the San Diego engineering corporations; I used to participate in it when I worked for a defense-contractor company. I’m not sure what the UC Riverside undergraduate engineering program is like, but I know that (as of 10 years ago) they didn’t have an engineering graduate program.

[paramount]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

[125mph]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.
San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

It is true that the school you attend makes little difference at the middle to senior levels in software and maybe most of engineer but —

I haven’t really seen much talent coming out of SDSU and other csu schools. I know lots of QA people with CS degrees from SDSU and apparently their ciriculium is quite soft. They can’t really hang even at the associate level in terms of entry level standards.

Of course there’s always exceptions and I don’t mean to offend anyone 😛

[125mph]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.
San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

It is true that the school you attend makes little difference at the middle to senior levels in software and maybe most of engineer but —

I haven’t really seen much talent coming out of SDSU and other csu schools. I know lots of QA people with CS degrees from SDSU and apparently their ciriculium is quite soft. They can’t really hang even at the associate level in terms of entry level standards.

Of course there’s always exceptions and I don’t mean to offend anyone 😛

[125mph]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.
San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

It is true that the school you attend makes little difference at the middle to senior levels in software and maybe most of engineer but —

I haven’t really seen much talent coming out of SDSU and other csu schools. I know lots of QA people with CS degrees from SDSU and apparently their ciriculium is quite soft. They can’t really hang even at the associate level in terms of entry level standards.

Of course there’s always exceptions and I don’t mean to offend anyone 😛

[125mph]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.
San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

It is true that the school you attend makes little difference at the middle to senior levels in software and maybe most of engineer but —

I haven’t really seen much talent coming out of SDSU and other csu schools. I know lots of QA people with CS degrees from SDSU and apparently their ciriculium is quite soft. They can’t really hang even at the associate level in terms of entry level standards.

Of course there’s always exceptions and I don’t mean to offend anyone 😛

[125mph]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.
San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

It is true that the school you attend makes little difference at the middle to senior levels in software and maybe most of engineer but —

I haven’t really seen much talent coming out of SDSU and other csu schools. I know lots of QA people with CS degrees from SDSU and apparently their ciriculium is quite soft. They can’t really hang even at the associate level in terms of entry level standards.

Of course there’s always exceptions and I don’t mean to offend anyone 😛

[SD Realtor]

Paramount,

I know a guy who didn’t go to school and has made a TON of money selling hot dogs at carnivals and fairgrounds! Seriously the guy works maybe 6 monhts a year….

I think that the majority of people who post/lurk here are more well educated. The one thing about that is that (especially in the engineering world) you tend to meet or associate with more people in those types of circles. Because of my wifes biz and my foray into real estate over the past 4 years I have met so many different people from different walks of life. The thing that amazes me the most is how many people have made ALOT of money through entrepeneurial ideas. Additionally how many of these people do not have advanced degrees also surprises me.

Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.

SD Realtor

[NotCranky]

“This forum reeks of San Diego snobbery as usual – makes me sick.”

Sounds like a YOU need to lower your expectations. Do you expect in an almost all male forum, where the emphasis is on wealth building and maintenance, that there would not be posturing, one-ups-manship and the occasional foray into establishing a pecking order?
It would be naive to think otherwise.
It is your choice to deal with it or not.

[dumbled0ry]

“Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.”

I totally agree that performance at work determines your career – one of my closest developer friends (because she is so awesome at work and as a person) got her degree from SDSU.

I do well at academic learning, but entrepreneurship is definitely a skill that I do not have the talent nor the courage for.

After graduating from UC Berkeley, I got my master’s degree from (much less prestigious) UC Santa Barbara. For some reason, UCSB doesn’t keep its computer labs open 24/7 – so I learned to ride my bicycle along the beach, watch sunsets, and LIVE, ha ha!

[pbnative]

A little off-topic: SD community colleges have transfer programs to UC and SDSU. If you do it right, entry is guaranteed. It makes your total education cost considerably lower.

http://www.communitycollege.net/transfer/

[pbnative]

A little off-topic: SD community colleges have transfer programs to UC and SDSU. If you do it right, entry is guaranteed. It makes your total education cost considerably lower.

http://www.communitycollege.net/transfer/

[pbnative]

A little off-topic: SD community colleges have transfer programs to UC and SDSU. If you do it right, entry is guaranteed. It makes your total education cost considerably lower.

http://www.communitycollege.net/transfer/

[pbnative]

A little off-topic: SD community colleges have transfer programs to UC and SDSU. If you do it right, entry is guaranteed. It makes your total education cost considerably lower.

http://www.communitycollege.net/transfer/

[pbnative]

A little off-topic: SD community colleges have transfer programs to UC and SDSU. If you do it right, entry is guaranteed. It makes your total education cost considerably lower.

http://www.communitycollege.net/transfer/

[dumbled0ry]

“Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.”

I totally agree that performance at work determines your career – one of my closest developer friends (because she is so awesome at work and as a person) got her degree from SDSU.

I do well at academic learning, but entrepreneurship is definitely a skill that I do not have the talent nor the courage for.

After graduating from UC Berkeley, I got my master’s degree from (much less prestigious) UC Santa Barbara. For some reason, UCSB doesn’t keep its computer labs open 24/7 – so I learned to ride my bicycle along the beach, watch sunsets, and LIVE, ha ha!

[dumbled0ry]

“Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.”

I totally agree that performance at work determines your career – one of my closest developer friends (because she is so awesome at work and as a person) got her degree from SDSU.

I do well at academic learning, but entrepreneurship is definitely a skill that I do not have the talent nor the courage for.

After graduating from UC Berkeley, I got my master’s degree from (much less prestigious) UC Santa Barbara. For some reason, UCSB doesn’t keep its computer labs open 24/7 – so I learned to ride my bicycle along the beach, watch sunsets, and LIVE, ha ha!

[dumbled0ry]

“Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.”

I totally agree that performance at work determines your career – one of my closest developer friends (because she is so awesome at work and as a person) got her degree from SDSU.

I do well at academic learning, but entrepreneurship is definitely a skill that I do not have the talent nor the courage for.

After graduating from UC Berkeley, I got my master’s degree from (much less prestigious) UC Santa Barbara. For some reason, UCSB doesn’t keep its computer labs open 24/7 – so I learned to ride my bicycle along the beach, watch sunsets, and LIVE, ha ha!

[dumbled0ry]

“Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.”

I totally agree that performance at work determines your career – one of my closest developer friends (because she is so awesome at work and as a person) got her degree from SDSU.

I do well at academic learning, but entrepreneurship is definitely a skill that I do not have the talent nor the courage for.

After graduating from UC Berkeley, I got my master’s degree from (much less prestigious) UC Santa Barbara. For some reason, UCSB doesn’t keep its computer labs open 24/7 – so I learned to ride my bicycle along the beach, watch sunsets, and LIVE, ha ha!

[NotCranky]

“This forum reeks of San Diego snobbery as usual – makes me sick.”

Sounds like a YOU need to lower your expectations. Do you expect in an almost all male forum, where the emphasis is on wealth building and maintenance, that there would not be posturing, one-ups-manship and the occasional foray into establishing a pecking order?
It would be naive to think otherwise.
It is your choice to deal with it or not.

[NotCranky]

“This forum reeks of San Diego snobbery as usual – makes me sick.”

Sounds like a YOU need to lower your expectations. Do you expect in an almost all male forum, where the emphasis is on wealth building and maintenance, that there would not be posturing, one-ups-manship and the occasional foray into establishing a pecking order?
It would be naive to think otherwise.
It is your choice to deal with it or not.

[NotCranky]

“This forum reeks of San Diego snobbery as usual – makes me sick.”

Sounds like a YOU need to lower your expectations. Do you expect in an almost all male forum, where the emphasis is on wealth building and maintenance, that there would not be posturing, one-ups-manship and the occasional foray into establishing a pecking order?
It would be naive to think otherwise.
It is your choice to deal with it or not.

[NotCranky]

“This forum reeks of San Diego snobbery as usual – makes me sick.”

Sounds like a YOU need to lower your expectations. Do you expect in an almost all male forum, where the emphasis is on wealth building and maintenance, that there would not be posturing, one-ups-manship and the occasional foray into establishing a pecking order?
It would be naive to think otherwise.
It is your choice to deal with it or not.

[SD Realtor]

Paramount,

I know a guy who didn’t go to school and has made a TON of money selling hot dogs at carnivals and fairgrounds! Seriously the guy works maybe 6 monhts a year….

I think that the majority of people who post/lurk here are more well educated. The one thing about that is that (especially in the engineering world) you tend to meet or associate with more people in those types of circles. Because of my wifes biz and my foray into real estate over the past 4 years I have met so many different people from different walks of life. The thing that amazes me the most is how many people have made ALOT of money through entrepeneurial ideas. Additionally how many of these people do not have advanced degrees also surprises me.

Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.

SD Realtor

[SD Realtor]

Paramount,

I know a guy who didn’t go to school and has made a TON of money selling hot dogs at carnivals and fairgrounds! Seriously the guy works maybe 6 monhts a year….

I think that the majority of people who post/lurk here are more well educated. The one thing about that is that (especially in the engineering world) you tend to meet or associate with more people in those types of circles. Because of my wifes biz and my foray into real estate over the past 4 years I have met so many different people from different walks of life. The thing that amazes me the most is how many people have made ALOT of money through entrepeneurial ideas. Additionally how many of these people do not have advanced degrees also surprises me.

Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.

SD Realtor

[SD Realtor]

Paramount,

I know a guy who didn’t go to school and has made a TON of money selling hot dogs at carnivals and fairgrounds! Seriously the guy works maybe 6 monhts a year….

I think that the majority of people who post/lurk here are more well educated. The one thing about that is that (especially in the engineering world) you tend to meet or associate with more people in those types of circles. Because of my wifes biz and my foray into real estate over the past 4 years I have met so many different people from different walks of life. The thing that amazes me the most is how many people have made ALOT of money through entrepeneurial ideas. Additionally how many of these people do not have advanced degrees also surprises me.

Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.

SD Realtor

[SD Realtor]

Paramount,

I know a guy who didn’t go to school and has made a TON of money selling hot dogs at carnivals and fairgrounds! Seriously the guy works maybe 6 monhts a year….

I think that the majority of people who post/lurk here are more well educated. The one thing about that is that (especially in the engineering world) you tend to meet or associate with more people in those types of circles. Because of my wifes biz and my foray into real estate over the past 4 years I have met so many different people from different walks of life. The thing that amazes me the most is how many people have made ALOT of money through entrepeneurial ideas. Additionally how many of these people do not have advanced degrees also surprises me.

Also one of the best ASIC guys I have ever worked with in the past 20 years is an SDSU grad.

SD Realtor

[Coronita]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington's Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

Sigh. People are so sensitive on this forum. Look, someone (marion) asked specifically about CA schools. I was raised to get into the best program I could without killing myself. I plan on raising my kid that way too.

 

Do I look down on people that didn't go to UC, or Ivy or MIT/Stanford,etc? Heck no. In fact, I'm sure I'm more open minded about other people's education then some folks that didn't go to UC/Ivy etc are about those that did thinking their intellectual snobs and there's no need to go to those schools. Come on, let's get real, some school's curriculum are better than others for different subjects. You going to tell me different school districts don't make a different between say LJ and something like in the inner city? That's reality…

And more bubble bursting here. I'm sure if you look at the broader spectrum there is a high correlation to quality education versus people that have better careers/financial situations moving forward. It's not a guarantee and there's always exceptions one way or the other. But I would say baring the exceptions, on average more people in better schools probably have more doors available to them. Later, it depends a lot on what those people do with those doors..But those are definitely different doors.

You could argue some of the best brains didn't go to school. Sure, Bill Gates come to mind. (well, bill gates went to harvard and quit because he wasn't challenged). But, let's be real, on average, most people aren't bill gates (though I find a lot of people conveniently think they don't need a better education because they think they are like bill gates..)

And I while there a fraction of the people would probably be ok with NO college, that is a very small fraction. If you think you (or your kids) fit in to that small fraction, go ahead and try. And if you succeed, sure good for you. And you can rub it into all those people that went to a UC/Ivy league/etc.

But if you take that route, and things don't work out, and can't seem to get the top careers because on average people in a particular profession have gotten a degree was a certain level of rigor, or if you're consistently worried about being outsourced because your work is easily replaceable by some fresh college grad, don't b!tch about it.

I'm sure there are plenty of SDSU grads that do just fine. And like I said, unlike other countries, not getting into one or two schools isn't the end of world. But if you have the means, why not shoot for something better and deal with any shortcomings rather just say well it's all the same, so who cares? If you can't get that opportunity, it's not a big deal. But throwing any away is just plain dumb imho.

If you didn't get into a UC school and am bitter about it, sorry. There were probably many factors I'm sure, some of which might not all have been an particular individuals. A lot of the problems in the U.S. is there is too much $$$ attached to a good education, unlike in several countries overseas, which admissions to the best schools are to public schools as based on entrance exams and merit, where financial support is not an issue. But if you're doing fine financially anyway, who really cares anyways?

For the record, a few managers that I work with have very limited college education. But they have several years of experience and work their butts off. I haven't met a single one that didn't wish they went to college.

 

Maybe it's inherenting OG's sig, but you know occassionally it does seem people are just pissed of about life in general on this board. Sheesh.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington's Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

Sigh. People are so sensitive on this forum. Look, someone (marion) asked specifically about CA schools. I was raised to get into the best program I could without killing myself. I plan on raising my kid that way too.

 

Do I look down on people that didn't go to UC, or Ivy or MIT/Stanford,etc? Heck no. In fact, I'm sure I'm more open minded about other people's education then some folks that didn't go to UC/Ivy etc are about those that did thinking their intellectual snobs and there's no need to go to those schools. Come on, let's get real, some school's curriculum are better than others for different subjects. You going to tell me different school districts don't make a different between say LJ and something like in the inner city? That's reality…

And more bubble bursting here. I'm sure if you look at the broader spectrum there is a high correlation to quality education versus people that have better careers/financial situations moving forward. It's not a guarantee and there's always exceptions one way or the other. But I would say baring the exceptions, on average more people in better schools probably have more doors available to them. Later, it depends a lot on what those people do with those doors..But those are definitely different doors.

You could argue some of the best brains didn't go to school. Sure, Bill Gates come to mind. (well, bill gates went to harvard and quit because he wasn't challenged). But, let's be real, on average, most people aren't bill gates (though I find a lot of people conveniently think they don't need a better education because they think they are like bill gates..)

And I while there a fraction of the people would probably be ok with NO college, that is a very small fraction. If you think you (or your kids) fit in to that small fraction, go ahead and try. And if you succeed, sure good for you. And you can rub it into all those people that went to a UC/Ivy league/etc.

But if you take that route, and things don't work out, and can't seem to get the top careers because on average people in a particular profession have gotten a degree was a certain level of rigor, or if you're consistently worried about being outsourced because your work is easily replaceable by some fresh college grad, don't b!tch about it.

I'm sure there are plenty of SDSU grads that do just fine. And like I said, unlike other countries, not getting into one or two schools isn't the end of world. But if you have the means, why not shoot for something better and deal with any shortcomings rather just say well it's all the same, so who cares? If you can't get that opportunity, it's not a big deal. But throwing any away is just plain dumb imho.

If you didn't get into a UC school and am bitter about it, sorry. There were probably many factors I'm sure, some of which might not all have been an particular individuals. A lot of the problems in the U.S. is there is too much $$$ attached to a good education, unlike in several countries overseas, which admissions to the best schools are to public schools as based on entrance exams and merit, where financial support is not an issue. But if you're doing fine financially anyway, who really cares anyways?

For the record, a few managers that I work with have very limited college education. But they have several years of experience and work their butts off. I haven't met a single one that didn't wish they went to college.

 

Maybe it's inherenting OG's sig, but you know occassionally it does seem people are just pissed of about life in general on this board. Sheesh.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington's Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

Sigh. People are so sensitive on this forum. Look, someone (marion) asked specifically about CA schools. I was raised to get into the best program I could without killing myself. I plan on raising my kid that way too.

 

Do I look down on people that didn't go to UC, or Ivy or MIT/Stanford,etc? Heck no. In fact, I'm sure I'm more open minded about other people's education then some folks that didn't go to UC/Ivy etc are about those that did thinking their intellectual snobs and there's no need to go to those schools. Come on, let's get real, some school's curriculum are better than others for different subjects. You going to tell me different school districts don't make a different between say LJ and something like in the inner city? That's reality…

And more bubble bursting here. I'm sure if you look at the broader spectrum there is a high correlation to quality education versus people that have better careers/financial situations moving forward. It's not a guarantee and there's always exceptions one way or the other. But I would say baring the exceptions, on average more people in better schools probably have more doors available to them. Later, it depends a lot on what those people do with those doors..But those are definitely different doors.

You could argue some of the best brains didn't go to school. Sure, Bill Gates come to mind. (well, bill gates went to harvard and quit because he wasn't challenged). But, let's be real, on average, most people aren't bill gates (though I find a lot of people conveniently think they don't need a better education because they think they are like bill gates..)

And I while there a fraction of the people would probably be ok with NO college, that is a very small fraction. If you think you (or your kids) fit in to that small fraction, go ahead and try. And if you succeed, sure good for you. And you can rub it into all those people that went to a UC/Ivy league/etc.

But if you take that route, and things don't work out, and can't seem to get the top careers because on average people in a particular profession have gotten a degree was a certain level of rigor, or if you're consistently worried about being outsourced because your work is easily replaceable by some fresh college grad, don't b!tch about it.

I'm sure there are plenty of SDSU grads that do just fine. And like I said, unlike other countries, not getting into one or two schools isn't the end of world. But if you have the means, why not shoot for something better and deal with any shortcomings rather just say well it's all the same, so who cares? If you can't get that opportunity, it's not a big deal. But throwing any away is just plain dumb imho.

If you didn't get into a UC school and am bitter about it, sorry. There were probably many factors I'm sure, some of which might not all have been an particular individuals. A lot of the problems in the U.S. is there is too much $$$ attached to a good education, unlike in several countries overseas, which admissions to the best schools are to public schools as based on entrance exams and merit, where financial support is not an issue. But if you're doing fine financially anyway, who really cares anyways?

For the record, a few managers that I work with have very limited college education. But they have several years of experience and work their butts off. I haven't met a single one that didn't wish they went to college.

 

Maybe it's inherenting OG's sig, but you know occassionally it does seem people are just pissed of about life in general on this board. Sheesh.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington's Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

Sigh. People are so sensitive on this forum. Look, someone (marion) asked specifically about CA schools. I was raised to get into the best program I could without killing myself. I plan on raising my kid that way too.

 

Do I look down on people that didn't go to UC, or Ivy or MIT/Stanford,etc? Heck no. In fact, I'm sure I'm more open minded about other people's education then some folks that didn't go to UC/Ivy etc are about those that did thinking their intellectual snobs and there's no need to go to those schools. Come on, let's get real, some school's curriculum are better than others for different subjects. You going to tell me different school districts don't make a different between say LJ and something like in the inner city? That's reality…

And more bubble bursting here. I'm sure if you look at the broader spectrum there is a high correlation to quality education versus people that have better careers/financial situations moving forward. It's not a guarantee and there's always exceptions one way or the other. But I would say baring the exceptions, on average more people in better schools probably have more doors available to them. Later, it depends a lot on what those people do with those doors..But those are definitely different doors.

You could argue some of the best brains didn't go to school. Sure, Bill Gates come to mind. (well, bill gates went to harvard and quit because he wasn't challenged). But, let's be real, on average, most people aren't bill gates (though I find a lot of people conveniently think they don't need a better education because they think they are like bill gates..)

And I while there a fraction of the people would probably be ok with NO college, that is a very small fraction. If you think you (or your kids) fit in to that small fraction, go ahead and try. And if you succeed, sure good for you. And you can rub it into all those people that went to a UC/Ivy league/etc.

But if you take that route, and things don't work out, and can't seem to get the top careers because on average people in a particular profession have gotten a degree was a certain level of rigor, or if you're consistently worried about being outsourced because your work is easily replaceable by some fresh college grad, don't b!tch about it.

I'm sure there are plenty of SDSU grads that do just fine. And like I said, unlike other countries, not getting into one or two schools isn't the end of world. But if you have the means, why not shoot for something better and deal with any shortcomings rather just say well it's all the same, so who cares? If you can't get that opportunity, it's not a big deal. But throwing any away is just plain dumb imho.

If you didn't get into a UC school and am bitter about it, sorry. There were probably many factors I'm sure, some of which might not all have been an particular individuals. A lot of the problems in the U.S. is there is too much $$$ attached to a good education, unlike in several countries overseas, which admissions to the best schools are to public schools as based on entrance exams and merit, where financial support is not an issue. But if you're doing fine financially anyway, who really cares anyways?

For the record, a few managers that I work with have very limited college education. But they have several years of experience and work their butts off. I haven't met a single one that didn't wish they went to college.

 

Maybe it's inherenting OG's sig, but you know occassionally it does seem people are just pissed of about life in general on this board. Sheesh.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington's Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

Sigh. People are so sensitive on this forum. Look, someone (marion) asked specifically about CA schools. I was raised to get into the best program I could without killing myself. I plan on raising my kid that way too.

 

Do I look down on people that didn't go to UC, or Ivy or MIT/Stanford,etc? Heck no. In fact, I'm sure I'm more open minded about other people's education then some folks that didn't go to UC/Ivy etc are about those that did thinking their intellectual snobs and there's no need to go to those schools. Come on, let's get real, some school's curriculum are better than others for different subjects. You going to tell me different school districts don't make a different between say LJ and something like in the inner city? That's reality…

And more bubble bursting here. I'm sure if you look at the broader spectrum there is a high correlation to quality education versus people that have better careers/financial situations moving forward. It's not a guarantee and there's always exceptions one way or the other. But I would say baring the exceptions, on average more people in better schools probably have more doors available to them. Later, it depends a lot on what those people do with those doors..But those are definitely different doors.

You could argue some of the best brains didn't go to school. Sure, Bill Gates come to mind. (well, bill gates went to harvard and quit because he wasn't challenged). But, let's be real, on average, most people aren't bill gates (though I find a lot of people conveniently think they don't need a better education because they think they are like bill gates..)

And I while there a fraction of the people would probably be ok with NO college, that is a very small fraction. If you think you (or your kids) fit in to that small fraction, go ahead and try. And if you succeed, sure good for you. And you can rub it into all those people that went to a UC/Ivy league/etc.

But if you take that route, and things don't work out, and can't seem to get the top careers because on average people in a particular profession have gotten a degree was a certain level of rigor, or if you're consistently worried about being outsourced because your work is easily replaceable by some fresh college grad, don't b!tch about it.

I'm sure there are plenty of SDSU grads that do just fine. And like I said, unlike other countries, not getting into one or two schools isn't the end of world. But if you have the means, why not shoot for something better and deal with any shortcomings rather just say well it's all the same, so who cares? If you can't get that opportunity, it's not a big deal. But throwing any away is just plain dumb imho.

If you didn't get into a UC school and am bitter about it, sorry. There were probably many factors I'm sure, some of which might not all have been an particular individuals. A lot of the problems in the U.S. is there is too much $$$ attached to a good education, unlike in several countries overseas, which admissions to the best schools are to public schools as based on entrance exams and merit, where financial support is not an issue. But if you're doing fine financially anyway, who really cares anyways?

For the record, a few managers that I work with have very limited college education. But they have several years of experience and work their butts off. I haven't met a single one that didn't wish they went to college.

 

Maybe it's inherenting OG's sig, but you know occassionally it does seem people are just pissed of about life in general on this board. Sheesh.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[paramount]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

[paramount]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

[paramount]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

[paramount]

UC this, UC that, Mudd, Stanford, MIT bla bla bla.

On Piggington’s Fantasy Island only those schools will do.

San Diego State has fine engineering programs (undergrad) – if you work for a company your own abilities will largely determine your destiny, not the school you attended.

This forum reeks of San Diego snobbery as usual – makes me sick.

[dumbled0ry]

I got my BS in Electrical Engineering/Computer Science from UC Berkeley, and did my co-op at NASA Jet Propulsion Laboratory in Pasadena. The co-op was basically a semester-long internship; it probably gave me a leg up if I had wanted to return to JPL, but otherwise I think a summer internship at an engineering-oriented corporation provides just as much work experience. And the nice thing is engineering corporations have money to give to summer interns (and grad students). 🙂

Having gone on a pre-college visit to Caltech, I’d say that the engineering guys at Berkeley are just as geeky as the ones at Caltech – but they both can be really sweet. That’s probably because I’m somewhat of a geek girl myself. 🙂 What’s nice about the UC schools is the general college environment – the football games and other activities that aren’t always available at tech schools.

UCSD has a solid tie-in program with the San Diego engineering corporations; I used to participate in it when I worked for a defense-contractor company. I’m not sure what the UC Riverside undergraduate engineering program is like, but I know that (as of 10 years ago) they didn’t have an engineering graduate program.

[dumbled0ry]

I got my BS in Electrical Engineering/Computer Science from UC Berkeley, and did my co-op at NASA Jet Propulsion Laboratory in Pasadena. The co-op was basically a semester-long internship; it probably gave me a leg up if I had wanted to return to JPL, but otherwise I think a summer internship at an engineering-oriented corporation provides just as much work experience. And the nice thing is engineering corporations have money to give to summer interns (and grad students). 🙂

Having gone on a pre-college visit to Caltech, I’d say that the engineering guys at Berkeley are just as geeky as the ones at Caltech – but they both can be really sweet. That’s probably because I’m somewhat of a geek girl myself. 🙂 What’s nice about the UC schools is the general college environment – the football games and other activities that aren’t always available at tech schools.

UCSD has a solid tie-in program with the San Diego engineering corporations; I used to participate in it when I worked for a defense-contractor company. I’m not sure what the UC Riverside undergraduate engineering program is like, but I know that (as of 10 years ago) they didn’t have an engineering graduate program.

[dumbled0ry]

I got my BS in Electrical Engineering/Computer Science from UC Berkeley, and did my co-op at NASA Jet Propulsion Laboratory in Pasadena. The co-op was basically a semester-long internship; it probably gave me a leg up if I had wanted to return to JPL, but otherwise I think a summer internship at an engineering-oriented corporation provides just as much work experience. And the nice thing is engineering corporations have money to give to summer interns (and grad students). 🙂

Having gone on a pre-college visit to Caltech, I’d say that the engineering guys at Berkeley are just as geeky as the ones at Caltech – but they both can be really sweet. That’s probably because I’m somewhat of a geek girl myself. 🙂 What’s nice about the UC schools is the general college environment – the football games and other activities that aren’t always available at tech schools.

UCSD has a solid tie-in program with the San Diego engineering corporations; I used to participate in it when I worked for a defense-contractor company. I’m not sure what the UC Riverside undergraduate engineering program is like, but I know that (as of 10 years ago) they didn’t have an engineering graduate program.

[dumbled0ry]

I got my BS in Electrical Engineering/Computer Science from UC Berkeley, and did my co-op at NASA Jet Propulsion Laboratory in Pasadena. The co-op was basically a semester-long internship; it probably gave me a leg up if I had wanted to return to JPL, but otherwise I think a summer internship at an engineering-oriented corporation provides just as much work experience. And the nice thing is engineering corporations have money to give to summer interns (and grad students). 🙂

Having gone on a pre-college visit to Caltech, I’d say that the engineering guys at Berkeley are just as geeky as the ones at Caltech – but they both can be really sweet. That’s probably because I’m somewhat of a geek girl myself. 🙂 What’s nice about the UC schools is the general college environment – the football games and other activities that aren’t always available at tech schools.

UCSD has a solid tie-in program with the San Diego engineering corporations; I used to participate in it when I worked for a defense-contractor company. I’m not sure what the UC Riverside undergraduate engineering program is like, but I know that (as of 10 years ago) they didn’t have an engineering graduate program.

[Coronita]

Haven't heard great things about Riverside (I don't know).

If I were applying today strictly at UC, I'd consider in the following order

Berkeley

UCLA

UCSD

Irvine

 

When I was applying, UCSD was easy to get in for engineering. My understanding it's not the case anymore. Ever since Irwin Jacobs (former Qualcomm CEO) donated to UCSD engineering, and with the tie-in of professors like Prof Wolfe to Qualcomm, UCSD has one of the best wireless engineering programs around. And the interns I've seen from the CS department are pretty top notch. If by chance your kid can't get into a UC school, one school worth mentioning would be Cal State San Luis Obispo engineering. Lot of people I ran into from the bay area went there and were pretty good. The good thing about america really is you have a plethora of colleges, so not getting into one top one isn't the end of the world. Also, being your child is probably not asian, you at least don't need to worry about quota limitations for admissions (yes, I'm sure some of you think there is no such thing as quotas. Bullsh!t there isn't)

There's also private schools like CalTech and Harvey Mudd, if (1) you kid can get in, (2) you can afford the private tuition and or qualify for a scholarship/financial aid  and most importantly (3) if you son doesn't mind be cut off from the rest of the female population for 4 years and be surrounded by a bunch of freaks and geeks (sorry if I'm offending anyone here from those schools). Even though I probably wouldn't gotten in there anyway, I wouldn't have gone. Some people there are just to freaky for my taste.  I really wanted to go MIT or Stanford, but didn't make it. My older relative got into both and just about everything else she applied to, but chose to go to a liberal school (Berkeley)

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Haven't heard great things about Riverside (I don't know).

If I were applying today strictly at UC, I'd consider in the following order

Berkeley

UCLA

UCSD

Irvine

 

When I was applying, UCSD was easy to get in for engineering. My understanding it's not the case anymore. Ever since Irwin Jacobs (former Qualcomm CEO) donated to UCSD engineering, and with the tie-in of professors like Prof Wolfe to Qualcomm, UCSD has one of the best wireless engineering programs around. And the interns I've seen from the CS department are pretty top notch. If by chance your kid can't get into a UC school, one school worth mentioning would be Cal State San Luis Obispo engineering. Lot of people I ran into from the bay area went there and were pretty good. The good thing about america really is you have a plethora of colleges, so not getting into one top one isn't the end of the world. Also, being your child is probably not asian, you at least don't need to worry about quota limitations for admissions (yes, I'm sure some of you think there is no such thing as quotas. Bullsh!t there isn't)

There's also private schools like CalTech and Harvey Mudd, if (1) you kid can get in, (2) you can afford the private tuition and or qualify for a scholarship/financial aid  and most importantly (3) if you son doesn't mind be cut off from the rest of the female population for 4 years and be surrounded by a bunch of freaks and geeks (sorry if I'm offending anyone here from those schools). Even though I probably wouldn't gotten in there anyway, I wouldn't have gone. Some people there are just to freaky for my taste.  I really wanted to go MIT or Stanford, but didn't make it. My older relative got into both and just about everything else she applied to, but chose to go to a liberal school (Berkeley)

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Haven't heard great things about Riverside (I don't know).

If I were applying today strictly at UC, I'd consider in the following order

Berkeley

UCLA

UCSD

Irvine

 

When I was applying, UCSD was easy to get in for engineering. My understanding it's not the case anymore. Ever since Irwin Jacobs (former Qualcomm CEO) donated to UCSD engineering, and with the tie-in of professors like Prof Wolfe to Qualcomm, UCSD has one of the best wireless engineering programs around. And the interns I've seen from the CS department are pretty top notch. If by chance your kid can't get into a UC school, one school worth mentioning would be Cal State San Luis Obispo engineering. Lot of people I ran into from the bay area went there and were pretty good. The good thing about america really is you have a plethora of colleges, so not getting into one top one isn't the end of the world. Also, being your child is probably not asian, you at least don't need to worry about quota limitations for admissions (yes, I'm sure some of you think there is no such thing as quotas. Bullsh!t there isn't)

There's also private schools like CalTech and Harvey Mudd, if (1) you kid can get in, (2) you can afford the private tuition and or qualify for a scholarship/financial aid  and most importantly (3) if you son doesn't mind be cut off from the rest of the female population for 4 years and be surrounded by a bunch of freaks and geeks (sorry if I'm offending anyone here from those schools). Even though I probably wouldn't gotten in there anyway, I wouldn't have gone. Some people there are just to freaky for my taste.  I really wanted to go MIT or Stanford, but didn't make it. My older relative got into both and just about everything else she applied to, but chose to go to a liberal school (Berkeley)

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Haven't heard great things about Riverside (I don't know).

If I were applying today strictly at UC, I'd consider in the following order

Berkeley

UCLA

UCSD

Irvine

 

When I was applying, UCSD was easy to get in for engineering. My understanding it's not the case anymore. Ever since Irwin Jacobs (former Qualcomm CEO) donated to UCSD engineering, and with the tie-in of professors like Prof Wolfe to Qualcomm, UCSD has one of the best wireless engineering programs around. And the interns I've seen from the CS department are pretty top notch. If by chance your kid can't get into a UC school, one school worth mentioning would be Cal State San Luis Obispo engineering. Lot of people I ran into from the bay area went there and were pretty good. The good thing about america really is you have a plethora of colleges, so not getting into one top one isn't the end of the world. Also, being your child is probably not asian, you at least don't need to worry about quota limitations for admissions (yes, I'm sure some of you think there is no such thing as quotas. Bullsh!t there isn't)

There's also private schools like CalTech and Harvey Mudd, if (1) you kid can get in, (2) you can afford the private tuition and or qualify for a scholarship/financial aid  and most importantly (3) if you son doesn't mind be cut off from the rest of the female population for 4 years and be surrounded by a bunch of freaks and geeks (sorry if I'm offending anyone here from those schools). Even though I probably wouldn't gotten in there anyway, I wouldn't have gone. Some people there are just to freaky for my taste.  I really wanted to go MIT or Stanford, but didn't make it. My older relative got into both and just about everything else she applied to, but chose to go to a liberal school (Berkeley)

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Anonymous]

Flu, co-ops definitely sound like a good thing. I appreciate the insight on the schools too. Taking into account what you said, we could definitely look at the UC schools. If you know if UC Riverside has a good engineering program off the top of your head, let me know. If not, I’ll look into it.

Thanks again to the sweetest, less jaded, engineer on the board. 🙂

[Anonymous]

Flu, co-ops definitely sound like a good thing. I appreciate the insight on the schools too. Taking into account what you said, we could definitely look at the UC schools. If you know if UC Riverside has a good engineering program off the top of your head, let me know. If not, I’ll look into it.

Thanks again to the sweetest, less jaded, engineer on the board. 🙂

[Anonymous]

Flu, co-ops definitely sound like a good thing. I appreciate the insight on the schools too. Taking into account what you said, we could definitely look at the UC schools. If you know if UC Riverside has a good engineering program off the top of your head, let me know. If not, I’ll look into it.

Thanks again to the sweetest, less jaded, engineer on the board. 🙂

[Anonymous]

Flu, co-ops definitely sound like a good thing. I appreciate the insight on the schools too. Taking into account what you said, we could definitely look at the UC schools. If you know if UC Riverside has a good engineering program off the top of your head, let me know. If not, I’ll look into it.

Thanks again to the sweetest, less jaded, engineer on the board. 🙂

[Coronita]

Co-op is a program that some colleges offer in partnership with companies. Basically, you take all your courses for 1 semester in the summertime. The following fall, you go work for a company for about 6 months. It's similiar to a summer internship, except the duration at the company is usually longer.

There are some advantages to this. Sometimes because summer internships are short (2-3 months), you get stuck doing menial tasks that doesn't really help. Co-op programs usually have a dedicated assigned task.

MIT and some of the Ivy schools offered this. I didn't do it but I wish I had, because some of my classmates who did had a lot more opportunity when they graduated. Not sure about the UC schools, though I would assume so (plus UC schools in engineering tend to have great relationships with companies to provide research and projects during normal schools).

Personally, for engineering, in hindsight, I really don't think it matters between the top UC's, or Ivy, or Stanford,etc. In fact, with the exception of Stanford and MIT, I think in some cases top UC's schools have better engineering programs than Ivy's, mainly due to all the corporate partnerships. What counts more is experience in the long run. My motivation for going east was just wanted because I wanted to get out of CA for 4 years.

—– Sour grapes for everyone!

[Coronita]

Co-op is a program that some colleges offer in partnership with companies. Basically, you take all your courses for 1 semester in the summertime. The following fall, you go work for a company for about 6 months. It's similiar to a summer internship, except the duration at the company is usually longer.

There are some advantages to this. Sometimes because summer internships are short (2-3 months), you get stuck doing menial tasks that doesn't really help. Co-op programs usually have a dedicated assigned task.

MIT and some of the Ivy schools offered this. I didn't do it but I wish I had, because some of my classmates who did had a lot more opportunity when they graduated. Not sure about the UC schools, though I would assume so (plus UC schools in engineering tend to have great relationships with companies to provide research and projects during normal schools).

Personally, for engineering, in hindsight, I really don't think it matters between the top UC's, or Ivy, or Stanford,etc. In fact, with the exception of Stanford and MIT, I think in some cases top UC's schools have better engineering programs than Ivy's, mainly due to all the corporate partnerships. What counts more is experience in the long run. My motivation for going east was just wanted because I wanted to get out of CA for 4 years.

—– Sour grapes for everyone!

[Coronita]

Co-op is a program that some colleges offer in partnership with companies. Basically, you take all your courses for 1 semester in the summertime. The following fall, you go work for a company for about 6 months. It's similiar to a summer internship, except the duration at the company is usually longer.

There are some advantages to this. Sometimes because summer internships are short (2-3 months), you get stuck doing menial tasks that doesn't really help. Co-op programs usually have a dedicated assigned task.

MIT and some of the Ivy schools offered this. I didn't do it but I wish I had, because some of my classmates who did had a lot more opportunity when they graduated. Not sure about the UC schools, though I would assume so (plus UC schools in engineering tend to have great relationships with companies to provide research and projects during normal schools).

Personally, for engineering, in hindsight, I really don't think it matters between the top UC's, or Ivy, or Stanford,etc. In fact, with the exception of Stanford and MIT, I think in some cases top UC's schools have better engineering programs than Ivy's, mainly due to all the corporate partnerships. What counts more is experience in the long run. My motivation for going east was just wanted because I wanted to get out of CA for 4 years.

—– Sour grapes for everyone!

[Coronita]

Co-op is a program that some colleges offer in partnership with companies. Basically, you take all your courses for 1 semester in the summertime. The following fall, you go work for a company for about 6 months. It's similiar to a summer internship, except the duration at the company is usually longer.

There are some advantages to this. Sometimes because summer internships are short (2-3 months), you get stuck doing menial tasks that doesn't really help. Co-op programs usually have a dedicated assigned task.

MIT and some of the Ivy schools offered this. I didn't do it but I wish I had, because some of my classmates who did had a lot more opportunity when they graduated. Not sure about the UC schools, though I would assume so (plus UC schools in engineering tend to have great relationships with companies to provide research and projects during normal schools).

Personally, for engineering, in hindsight, I really don't think it matters between the top UC's, or Ivy, or Stanford,etc. In fact, with the exception of Stanford and MIT, I think in some cases top UC's schools have better engineering programs than Ivy's, mainly due to all the corporate partnerships. What counts more is experience in the long run. My motivation for going east was just wanted because I wanted to get out of CA for 4 years.

—– Sour grapes for everyone!

[Anonymous]

Flu, what is a co-op?

And again, thanks for all this good info.

🙂

[Anonymous]

Flu, what is a co-op?

And again, thanks for all this good info.

🙂

[Anonymous]

Flu, what is a co-op?

And again, thanks for all this good info.

🙂

[Anonymous]

Flu, what is a co-op?

And again, thanks for all this good info.

🙂

[Coronita]

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

 

NP. Actually, if he can, the best thing to do is for him to get internships while in college, or better do a co-op program ( I didn't do a co-op when I was in school, just did summer internships. I wish i did a co-op).

I'm not sure what the state of our education is, but it would seem that people are getting involved more and more at a younger age. A good thing would be to find him a part time or project while in high related to computers if you can, even if it means working for little pay or no pay…That versus doing things like delivering papers or working at MickeyDees, though I must say the latter teaches you how to deal with difficult people at times.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

 

NP. Actually, if he can, the best thing to do is for him to get internships while in college, or better do a co-op program ( I didn't do a co-op when I was in school, just did summer internships. I wish i did a co-op).

I'm not sure what the state of our education is, but it would seem that people are getting involved more and more at a younger age. A good thing would be to find him a part time or project while in high related to computers if you can, even if it means working for little pay or no pay…That versus doing things like delivering papers or working at MickeyDees, though I must say the latter teaches you how to deal with difficult people at times.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

 

NP. Actually, if he can, the best thing to do is for him to get internships while in college, or better do a co-op program ( I didn't do a co-op when I was in school, just did summer internships. I wish i did a co-op).

I'm not sure what the state of our education is, but it would seem that people are getting involved more and more at a younger age. A good thing would be to find him a part time or project while in high related to computers if you can, even if it means working for little pay or no pay…That versus doing things like delivering papers or working at MickeyDees, though I must say the latter teaches you how to deal with difficult people at times.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

 

NP. Actually, if he can, the best thing to do is for him to get internships while in college, or better do a co-op program ( I didn't do a co-op when I was in school, just did summer internships. I wish i did a co-op).

I'm not sure what the state of our education is, but it would seem that people are getting involved more and more at a younger age. A good thing would be to find him a part time or project while in high related to computers if you can, even if it means working for little pay or no pay…That versus doing things like delivering papers or working at MickeyDees, though I must say the latter teaches you how to deal with difficult people at times.

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Anonymous]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

[Anonymous]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

[Anonymous]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

[Anonymous]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

Thank you 125 mp for the information. 🙂

Flu, you as well. 🙂

[125mph]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

[125mph]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

[125mph]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

[125mph]

Sounds like he’s headed in the right direction. Lots of growth in that area. Lots of jobs all over california in software, as well as east coast.

[Anonymous]

Thanks 125. My son is definitely colllege bound. He’s a whiz in Math and Science and he’s very good with computers. He can hack into programs (I don’t let him do that though), he’s learning programming on his own. He’s very comfortable with and enjoys being on the computer. This degree is what we were thinking about.

[Anonymous]

Thanks 125. My son is definitely colllege bound. He’s a whiz in Math and Science and he’s very good with computers. He can hack into programs (I don’t let him do that though), he’s learning programming on his own. He’s very comfortable with and enjoys being on the computer. This degree is what we were thinking about.

[Anonymous]

Thanks 125. My son is definitely colllege bound. He’s a whiz in Math and Science and he’s very good with computers. He can hack into programs (I don’t let him do that though), he’s learning programming on his own. He’s very comfortable with and enjoys being on the computer. This degree is what we were thinking about.

[Anonymous]

Thanks 125. My son is definitely colllege bound. He’s a whiz in Math and Science and he’s very good with computers. He can hack into programs (I don’t let him do that though), he’s learning programming on his own. He’s very comfortable with and enjoys being on the computer. This degree is what we were thinking about.

[Coronita]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I'd like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that's extremely hard to do even with a degree.

I also don't think you need an advanced degree such as PhD in the computer line of work. Probably won't make much if any extra.

 

I would concur with what 125mph regarding the phd in CS. There is a joke my buddies have.

B.S.: well you no what that stands for

M.S.: More sxxx.

P.H.D.: Piled higher and deeper.

no offense to phd holders, as some of my good friends have one. In some cases in some fields, you need a PHD. In others, continuous learning is a good substitute.

I have a B.S. E.E. and did stuff with wireless communications. The irony is that I cut from traditional electrical engineering and ended up doing software because when I graduated (1) there was more work to be done in software (2) most of the E.E. work I wanted to do at my first employer beginning with the letter Q required at least a masters or PHD. I use to work in the bay area for awhile, and @27, ran a group that did internet based software (which I should say still exists and until a recent acquisition, was still publicly traded) before I relocated back to SD to get married. Since then, San Diego hasn't been as kind to me, despite being in a "architect/lead" type role, as I find some companies here care more the odometer and a run by grumpy old men (no offense). 125mph, there is a lesson to be learned regarding marriage and work 🙂 But since I am an engineer with no personality, I'll defer to someone else.

In my twenties, I moved around roughly every 2-3 years. Namely, because as I felt I started to stagnate at one company (and couldn't move up), I left and went to another one with greater responsibility. In my thirties, I find I need to be more careful.

 

That said, I find the engineering profession to be pretty good. Despite, what some say, I feel the outsourcing concern imho is a bit overblown. If fact, when we have reqs, we have problems filling because a lot of college grads ended up not being CS/EE majors in recent times. Also, a weakened dollar helps, as it's really not that much more cost effective to outsource to India now. There is a shortage in good tech workers these days.

 

Word of wisdom, you won't won't make it riches being an engineer by itself. You have to like what your doing (because you'll have to put up with a lot of crap by people that don't know what they're doing). You do have to learn how to deal with people (even know how to play some politics), because there will always people people you run into that aren't technical. Also, companies love to pigeonhole you if you let them. Your learning doesn't stop after you go home.

Salary is average in general. If you're good, you'll see numbers like 125mph. If you're not, you'll probably be replaced by someone relatively new from school. And there a bunch of people that will be in between. Again, take the high route if you can. I'm sort of in between myself. You salary begins to plateau around then unless you keep moving up. When you hit your ceiling, it's time to think about plan B. You won't find your road to riches if you stay an employee, unless you happen to work at a company that made it big in the stock markets. And here in san diego, I'm finding a lot of the employers down here are getting pretty cocky and fat/lazy, as many tech companies migrated out of SD, the remaining ones feel over-empowered. But the good news is a lot of bay area companies are having hiring issues, and are letting people tele-commute (though I think it's not great for your career).

 

Or you could try to do what I'm doing..I working with a few people on a company based on some concepts, with the intent of selling it to larger companies over the next couple of years. My dream would be to successfully pull off a Google presence in San Diego, where younger people in their twenties could grow and not be stuck in such crap roles I see so often down here. It's a crap shoot right now…But well see over the next couple of months…Plus having extra employers here with big market caps and employees with oozing stock options would be better for the housing market down here(just kidding 🙂 )

[kev374]

A few points:

Sr. Engineers in IT can make $110-120k plus a 10-15% bonus, that’s quite a good package! Contractors easily make $60-75/hr W2. Architects can make upto $100+/hr 1099 if they are exceptional and find the right project and negotiate aggressively. Superior communication skills with technical prowess are key.

The law of diminishing returns applies, the taxes at that income level are ludicrous! Someone who makes $120k/yr and single has a marginal tax rate of 48%!!

At a senior level the depth and breadth of technical knowledge expected is nothing short of astounding. So generally speaking people who make this kind of money deserve it. It’s a law of demand and supply that sets the salaries. There may be many average people but there are just not enough people who have core expertise and experience designing high performance scalable enterprise systems. It is a very tough job and there is tremendous amount of career risk if you screw up. Most people who are successful love what they do and are not in it only for the money otherwise they would not survive the stress.

Compared to other specializations, the pay for what is expected is rather low. Consider that corporate attorneys can make upwards of $200k and anaestheologists can make $300k/yr+!!

[Dukehorn]

I’d like to point out that the legal rat race is pretty lucrative but can burn someone out quick.

Wilson Sonsini is paying 5th year associates (so assume 30 years old) $250k, which is a pretty ridiculous number considering 10 years ago a 5th year was making around $120k.

I did the “buy a home thing with a roommate” when I was a living in DC. As a single guy with a good income, I felt the pressure to do the Asian thing and buy a house. I ended up selling it in a year and a half, but I got lucky since the market was red-hot. In this market, you won’t be as lucky especially if certain life decisions come up (like meeting a significant other that wants to live elsewhere).

I don’t know how RO can get off talking about building equity in a declining market especially when living in a equivalent rental unit is around $500-$1000 cheaper a month. Isn’t investing that savings a better equity builder. But hey, I’m just a dumb attorney….

PS As another counter to RO’s push to buy, imagine your savings when you rent AND have a roommate. Trust me when you have a roommate in a house you own, you’re a bit touchier than if its just a normal rental (FYI).

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[Mark Holmes]

Ouch. Read it. That breaks my heart. You know, I try and tell the people I know what’s going on, because I don’t want to see them financially ruined from decisions like the one in that article, but most people don’t listen. Or perhaps they listen only to their desires and to the mainstream media, which has ceased doing its job the last 10 – 15 years. And it’s only going to get uglier for these people in 2008, as this credit bubble really starts to unravel. I mean, how few people making financial decisions bother to read the Finanical Times, the NY Times, the LA Times, peruse blogs and basically try to get an overall sense of where things are headed before making a financial decision like buying a house? I mean, really, read just a few articles to get a sense of things:

http://business.theage.com.au/americans-walk-from-loans/20071223-1iqr.html

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/23/cccrisis123.xml

[Ex-SD]

Mark Holmes: My friend, you and I are on the same page. I am absolutely stunned every month when the sales figures come in and I see how many people are still buying homes in bubble markets. But a case(s) in point are the people who show up on this board each month asking if XXXX price in XXXXX neighborhood is a good deal because they are ready to buy. Have they been hiding under a rock or do they just not believe that there is a housing bubble and the air is leaking out of it?

[Ex-SD]

Mark Holmes: My friend, you and I are on the same page. I am absolutely stunned every month when the sales figures come in and I see how many people are still buying homes in bubble markets. But a case(s) in point are the people who show up on this board each month asking if XXXX price in XXXXX neighborhood is a good deal because they are ready to buy. Have they been hiding under a rock or do they just not believe that there is a housing bubble and the air is leaking out of it?

[Ex-SD]

Mark Holmes: My friend, you and I are on the same page. I am absolutely stunned every month when the sales figures come in and I see how many people are still buying homes in bubble markets. But a case(s) in point are the people who show up on this board each month asking if XXXX price in XXXXX neighborhood is a good deal because they are ready to buy. Have they been hiding under a rock or do they just not believe that there is a housing bubble and the air is leaking out of it?

[Ex-SD]

Mark Holmes: My friend, you and I are on the same page. I am absolutely stunned every month when the sales figures come in and I see how many people are still buying homes in bubble markets. But a case(s) in point are the people who show up on this board each month asking if XXXX price in XXXXX neighborhood is a good deal because they are ready to buy. Have they been hiding under a rock or do they just not believe that there is a housing bubble and the air is leaking out of it?

[Ex-SD]

Mark Holmes: My friend, you and I are on the same page. I am absolutely stunned every month when the sales figures come in and I see how many people are still buying homes in bubble markets. But a case(s) in point are the people who show up on this board each month asking if XXXX price in XXXXX neighborhood is a good deal because they are ready to buy. Have they been hiding under a rock or do they just not believe that there is a housing bubble and the air is leaking out of it?

[Mark Holmes]

Ouch. Read it. That breaks my heart. You know, I try and tell the people I know what’s going on, because I don’t want to see them financially ruined from decisions like the one in that article, but most people don’t listen. Or perhaps they listen only to their desires and to the mainstream media, which has ceased doing its job the last 10 – 15 years. And it’s only going to get uglier for these people in 2008, as this credit bubble really starts to unravel. I mean, how few people making financial decisions bother to read the Finanical Times, the NY Times, the LA Times, peruse blogs and basically try to get an overall sense of where things are headed before making a financial decision like buying a house? I mean, really, read just a few articles to get a sense of things:

http://business.theage.com.au/americans-walk-from-loans/20071223-1iqr.html

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/23/cccrisis123.xml

[Mark Holmes]

Ouch. Read it. That breaks my heart. You know, I try and tell the people I know what’s going on, because I don’t want to see them financially ruined from decisions like the one in that article, but most people don’t listen. Or perhaps they listen only to their desires and to the mainstream media, which has ceased doing its job the last 10 – 15 years. And it’s only going to get uglier for these people in 2008, as this credit bubble really starts to unravel. I mean, how few people making financial decisions bother to read the Finanical Times, the NY Times, the LA Times, peruse blogs and basically try to get an overall sense of where things are headed before making a financial decision like buying a house? I mean, really, read just a few articles to get a sense of things:

http://business.theage.com.au/americans-walk-from-loans/20071223-1iqr.html

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/23/cccrisis123.xml

[Mark Holmes]

Ouch. Read it. That breaks my heart. You know, I try and tell the people I know what’s going on, because I don’t want to see them financially ruined from decisions like the one in that article, but most people don’t listen. Or perhaps they listen only to their desires and to the mainstream media, which has ceased doing its job the last 10 – 15 years. And it’s only going to get uglier for these people in 2008, as this credit bubble really starts to unravel. I mean, how few people making financial decisions bother to read the Finanical Times, the NY Times, the LA Times, peruse blogs and basically try to get an overall sense of where things are headed before making a financial decision like buying a house? I mean, really, read just a few articles to get a sense of things:

http://business.theage.com.au/americans-walk-from-loans/20071223-1iqr.html

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/23/cccrisis123.xml

[Mark Holmes]

Ouch. Read it. That breaks my heart. You know, I try and tell the people I know what’s going on, because I don’t want to see them financially ruined from decisions like the one in that article, but most people don’t listen. Or perhaps they listen only to their desires and to the mainstream media, which has ceased doing its job the last 10 – 15 years. And it’s only going to get uglier for these people in 2008, as this credit bubble really starts to unravel. I mean, how few people making financial decisions bother to read the Finanical Times, the NY Times, the LA Times, peruse blogs and basically try to get an overall sense of where things are headed before making a financial decision like buying a house? I mean, really, read just a few articles to get a sense of things:

http://business.theage.com.au/americans-walk-from-loans/20071223-1iqr.html

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/23/cccrisis123.xml

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[kev374]

Mark Holmes, there are many people who make major life decisions (such as purchase of a home) without any due diligence. I know someone who paid $5000 over MSRP for a Toyota Corolla because the salesman told her it was a “good deal”, when they are selling all over the place for $200 over invoice. Shopping for stuff by “monthly payment” has become the American way.

Here is proof that there are fiscally ignorant people around:

http://money.cnn.com/2007/12/24/pf/moneymakeover_january.moneymag/index.htm?postversion=2007122411

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

I mean, look at the history of booms and busts – can you find a boom that is NOT followed by a corresponding bust of similar magnitude? It continues to amaze me that people would even consider buying now. It’s like leaping onto an out-of-control train headed straight for a section of broken track…

It is simply fascinating that there are buyers now…

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Mark Holmes]

125 – You really think it’s impossible for the 600K houses to drop below 400K? How much research have you done? Have you seen this chart?[img_assist|nid=5964|title=Case-Schiller 1890 – 2006|desc=|link=node|align=left|width=466|height=373]

[Dukehorn]

I’d like to point out that the legal rat race is pretty lucrative but can burn someone out quick.

Wilson Sonsini is paying 5th year associates (so assume 30 years old) $250k, which is a pretty ridiculous number considering 10 years ago a 5th year was making around $120k.

I did the “buy a home thing with a roommate” when I was a living in DC. As a single guy with a good income, I felt the pressure to do the Asian thing and buy a house. I ended up selling it in a year and a half, but I got lucky since the market was red-hot. In this market, you won’t be as lucky especially if certain life decisions come up (like meeting a significant other that wants to live elsewhere).

I don’t know how RO can get off talking about building equity in a declining market especially when living in a equivalent rental unit is around $500-$1000 cheaper a month. Isn’t investing that savings a better equity builder. But hey, I’m just a dumb attorney….

PS As another counter to RO’s push to buy, imagine your savings when you rent AND have a roommate. Trust me when you have a roommate in a house you own, you’re a bit touchier than if its just a normal rental (FYI).

[Dukehorn]

I’d like to point out that the legal rat race is pretty lucrative but can burn someone out quick.

Wilson Sonsini is paying 5th year associates (so assume 30 years old) $250k, which is a pretty ridiculous number considering 10 years ago a 5th year was making around $120k.

I did the “buy a home thing with a roommate” when I was a living in DC. As a single guy with a good income, I felt the pressure to do the Asian thing and buy a house. I ended up selling it in a year and a half, but I got lucky since the market was red-hot. In this market, you won’t be as lucky especially if certain life decisions come up (like meeting a significant other that wants to live elsewhere).

I don’t know how RO can get off talking about building equity in a declining market especially when living in a equivalent rental unit is around $500-$1000 cheaper a month. Isn’t investing that savings a better equity builder. But hey, I’m just a dumb attorney….

PS As another counter to RO’s push to buy, imagine your savings when you rent AND have a roommate. Trust me when you have a roommate in a house you own, you’re a bit touchier than if its just a normal rental (FYI).

[Dukehorn]

I’d like to point out that the legal rat race is pretty lucrative but can burn someone out quick.

Wilson Sonsini is paying 5th year associates (so assume 30 years old) $250k, which is a pretty ridiculous number considering 10 years ago a 5th year was making around $120k.

I did the “buy a home thing with a roommate” when I was a living in DC. As a single guy with a good income, I felt the pressure to do the Asian thing and buy a house. I ended up selling it in a year and a half, but I got lucky since the market was red-hot. In this market, you won’t be as lucky especially if certain life decisions come up (like meeting a significant other that wants to live elsewhere).

I don’t know how RO can get off talking about building equity in a declining market especially when living in a equivalent rental unit is around $500-$1000 cheaper a month. Isn’t investing that savings a better equity builder. But hey, I’m just a dumb attorney….

PS As another counter to RO’s push to buy, imagine your savings when you rent AND have a roommate. Trust me when you have a roommate in a house you own, you’re a bit touchier than if its just a normal rental (FYI).

[Dukehorn]

I’d like to point out that the legal rat race is pretty lucrative but can burn someone out quick.

Wilson Sonsini is paying 5th year associates (so assume 30 years old) $250k, which is a pretty ridiculous number considering 10 years ago a 5th year was making around $120k.

I did the “buy a home thing with a roommate” when I was a living in DC. As a single guy with a good income, I felt the pressure to do the Asian thing and buy a house. I ended up selling it in a year and a half, but I got lucky since the market was red-hot. In this market, you won’t be as lucky especially if certain life decisions come up (like meeting a significant other that wants to live elsewhere).

I don’t know how RO can get off talking about building equity in a declining market especially when living in a equivalent rental unit is around $500-$1000 cheaper a month. Isn’t investing that savings a better equity builder. But hey, I’m just a dumb attorney….

PS As another counter to RO’s push to buy, imagine your savings when you rent AND have a roommate. Trust me when you have a roommate in a house you own, you’re a bit touchier than if its just a normal rental (FYI).

[kev374]

A few points:

Sr. Engineers in IT can make $110-120k plus a 10-15% bonus, that’s quite a good package! Contractors easily make $60-75/hr W2. Architects can make upto $100+/hr 1099 if they are exceptional and find the right project and negotiate aggressively. Superior communication skills with technical prowess are key.

The law of diminishing returns applies, the taxes at that income level are ludicrous! Someone who makes $120k/yr and single has a marginal tax rate of 48%!!

At a senior level the depth and breadth of technical knowledge expected is nothing short of astounding. So generally speaking people who make this kind of money deserve it. It’s a law of demand and supply that sets the salaries. There may be many average people but there are just not enough people who have core expertise and experience designing high performance scalable enterprise systems. It is a very tough job and there is tremendous amount of career risk if you screw up. Most people who are successful love what they do and are not in it only for the money otherwise they would not survive the stress.

Compared to other specializations, the pay for what is expected is rather low. Consider that corporate attorneys can make upwards of $200k and anaestheologists can make $300k/yr+!!

[kev374]

A few points:

Sr. Engineers in IT can make $110-120k plus a 10-15% bonus, that’s quite a good package! Contractors easily make $60-75/hr W2. Architects can make upto $100+/hr 1099 if they are exceptional and find the right project and negotiate aggressively. Superior communication skills with technical prowess are key.

The law of diminishing returns applies, the taxes at that income level are ludicrous! Someone who makes $120k/yr and single has a marginal tax rate of 48%!!

At a senior level the depth and breadth of technical knowledge expected is nothing short of astounding. So generally speaking people who make this kind of money deserve it. It’s a law of demand and supply that sets the salaries. There may be many average people but there are just not enough people who have core expertise and experience designing high performance scalable enterprise systems. It is a very tough job and there is tremendous amount of career risk if you screw up. Most people who are successful love what they do and are not in it only for the money otherwise they would not survive the stress.

Compared to other specializations, the pay for what is expected is rather low. Consider that corporate attorneys can make upwards of $200k and anaestheologists can make $300k/yr+!!

[kev374]

A few points:

Sr. Engineers in IT can make $110-120k plus a 10-15% bonus, that’s quite a good package! Contractors easily make $60-75/hr W2. Architects can make upto $100+/hr 1099 if they are exceptional and find the right project and negotiate aggressively. Superior communication skills with technical prowess are key.

The law of diminishing returns applies, the taxes at that income level are ludicrous! Someone who makes $120k/yr and single has a marginal tax rate of 48%!!

At a senior level the depth and breadth of technical knowledge expected is nothing short of astounding. So generally speaking people who make this kind of money deserve it. It’s a law of demand and supply that sets the salaries. There may be many average people but there are just not enough people who have core expertise and experience designing high performance scalable enterprise systems. It is a very tough job and there is tremendous amount of career risk if you screw up. Most people who are successful love what they do and are not in it only for the money otherwise they would not survive the stress.

Compared to other specializations, the pay for what is expected is rather low. Consider that corporate attorneys can make upwards of $200k and anaestheologists can make $300k/yr+!!

[kev374]

A few points:

Sr. Engineers in IT can make $110-120k plus a 10-15% bonus, that’s quite a good package! Contractors easily make $60-75/hr W2. Architects can make upto $100+/hr 1099 if they are exceptional and find the right project and negotiate aggressively. Superior communication skills with technical prowess are key.

The law of diminishing returns applies, the taxes at that income level are ludicrous! Someone who makes $120k/yr and single has a marginal tax rate of 48%!!

At a senior level the depth and breadth of technical knowledge expected is nothing short of astounding. So generally speaking people who make this kind of money deserve it. It’s a law of demand and supply that sets the salaries. There may be many average people but there are just not enough people who have core expertise and experience designing high performance scalable enterprise systems. It is a very tough job and there is tremendous amount of career risk if you screw up. Most people who are successful love what they do and are not in it only for the money otherwise they would not survive the stress.

Compared to other specializations, the pay for what is expected is rather low. Consider that corporate attorneys can make upwards of $200k and anaestheologists can make $300k/yr+!!

[Coronita]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I'd like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that's extremely hard to do even with a degree.

I also don't think you need an advanced degree such as PhD in the computer line of work. Probably won't make much if any extra.

 

I would concur with what 125mph regarding the phd in CS. There is a joke my buddies have.

B.S.: well you no what that stands for

M.S.: More sxxx.

P.H.D.: Piled higher and deeper.

no offense to phd holders, as some of my good friends have one. In some cases in some fields, you need a PHD. In others, continuous learning is a good substitute.

I have a B.S. E.E. and did stuff with wireless communications. The irony is that I cut from traditional electrical engineering and ended up doing software because when I graduated (1) there was more work to be done in software (2) most of the E.E. work I wanted to do at my first employer beginning with the letter Q required at least a masters or PHD. I use to work in the bay area for awhile, and @27, ran a group that did internet based software (which I should say still exists and until a recent acquisition, was still publicly traded) before I relocated back to SD to get married. Since then, San Diego hasn't been as kind to me, despite being in a "architect/lead" type role, as I find some companies here care more the odometer and a run by grumpy old men (no offense). 125mph, there is a lesson to be learned regarding marriage and work 🙂 But since I am an engineer with no personality, I'll defer to someone else.

In my twenties, I moved around roughly every 2-3 years. Namely, because as I felt I started to stagnate at one company (and couldn't move up), I left and went to another one with greater responsibility. In my thirties, I find I need to be more careful.

 

That said, I find the engineering profession to be pretty good. Despite, what some say, I feel the outsourcing concern imho is a bit overblown. If fact, when we have reqs, we have problems filling because a lot of college grads ended up not being CS/EE majors in recent times. Also, a weakened dollar helps, as it's really not that much more cost effective to outsource to India now. There is a shortage in good tech workers these days.

 

Word of wisdom, you won't won't make it riches being an engineer by itself. You have to like what your doing (because you'll have to put up with a lot of crap by people that don't know what they're doing). You do have to learn how to deal with people (even know how to play some politics), because there will always people people you run into that aren't technical. Also, companies love to pigeonhole you if you let them. Your learning doesn't stop after you go home.

Salary is average in general. If you're good, you'll see numbers like 125mph. If you're not, you'll probably be replaced by someone relatively new from school. And there a bunch of people that will be in between. Again, take the high route if you can. I'm sort of in between myself. You salary begins to plateau around then unless you keep moving up. When you hit your ceiling, it's time to think about plan B. You won't find your road to riches if you stay an employee, unless you happen to work at a company that made it big in the stock markets. And here in san diego, I'm finding a lot of the employers down here are getting pretty cocky and fat/lazy, as many tech companies migrated out of SD, the remaining ones feel over-empowered. But the good news is a lot of bay area companies are having hiring issues, and are letting people tele-commute (though I think it's not great for your career).

 

Or you could try to do what I'm doing..I working with a few people on a company based on some concepts, with the intent of selling it to larger companies over the next couple of years. My dream would be to successfully pull off a Google presence in San Diego, where younger people in their twenties could grow and not be stuck in such crap roles I see so often down here. It's a crap shoot right now…But well see over the next couple of months…Plus having extra employers here with big market caps and employees with oozing stock options would be better for the housing market down here(just kidding 🙂 )

[Coronita]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I'd like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that's extremely hard to do even with a degree.

I also don't think you need an advanced degree such as PhD in the computer line of work. Probably won't make much if any extra.

 

I would concur with what 125mph regarding the phd in CS. There is a joke my buddies have.

B.S.: well you no what that stands for

M.S.: More sxxx.

P.H.D.: Piled higher and deeper.

no offense to phd holders, as some of my good friends have one. In some cases in some fields, you need a PHD. In others, continuous learning is a good substitute.

I have a B.S. E.E. and did stuff with wireless communications. The irony is that I cut from traditional electrical engineering and ended up doing software because when I graduated (1) there was more work to be done in software (2) most of the E.E. work I wanted to do at my first employer beginning with the letter Q required at least a masters or PHD. I use to work in the bay area for awhile, and @27, ran a group that did internet based software (which I should say still exists and until a recent acquisition, was still publicly traded) before I relocated back to SD to get married. Since then, San Diego hasn't been as kind to me, despite being in a "architect/lead" type role, as I find some companies here care more the odometer and a run by grumpy old men (no offense). 125mph, there is a lesson to be learned regarding marriage and work 🙂 But since I am an engineer with no personality, I'll defer to someone else.

In my twenties, I moved around roughly every 2-3 years. Namely, because as I felt I started to stagnate at one company (and couldn't move up), I left and went to another one with greater responsibility. In my thirties, I find I need to be more careful.

 

That said, I find the engineering profession to be pretty good. Despite, what some say, I feel the outsourcing concern imho is a bit overblown. If fact, when we have reqs, we have problems filling because a lot of college grads ended up not being CS/EE majors in recent times. Also, a weakened dollar helps, as it's really not that much more cost effective to outsource to India now. There is a shortage in good tech workers these days.

 

Word of wisdom, you won't won't make it riches being an engineer by itself. You have to like what your doing (because you'll have to put up with a lot of crap by people that don't know what they're doing). You do have to learn how to deal with people (even know how to play some politics), because there will always people people you run into that aren't technical. Also, companies love to pigeonhole you if you let them. Your learning doesn't stop after you go home.

Salary is average in general. If you're good, you'll see numbers like 125mph. If you're not, you'll probably be replaced by someone relatively new from school. And there a bunch of people that will be in between. Again, take the high route if you can. I'm sort of in between myself. You salary begins to plateau around then unless you keep moving up. When you hit your ceiling, it's time to think about plan B. You won't find your road to riches if you stay an employee, unless you happen to work at a company that made it big in the stock markets. And here in san diego, I'm finding a lot of the employers down here are getting pretty cocky and fat/lazy, as many tech companies migrated out of SD, the remaining ones feel over-empowered. But the good news is a lot of bay area companies are having hiring issues, and are letting people tele-commute (though I think it's not great for your career).

 

Or you could try to do what I'm doing..I working with a few people on a company based on some concepts, with the intent of selling it to larger companies over the next couple of years. My dream would be to successfully pull off a Google presence in San Diego, where younger people in their twenties could grow and not be stuck in such crap roles I see so often down here. It's a crap shoot right now…But well see over the next couple of months…Plus having extra employers here with big market caps and employees with oozing stock options would be better for the housing market down here(just kidding 🙂 )

[Coronita]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I'd like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that's extremely hard to do even with a degree.

I also don't think you need an advanced degree such as PhD in the computer line of work. Probably won't make much if any extra.

 

I would concur with what 125mph regarding the phd in CS. There is a joke my buddies have.

B.S.: well you no what that stands for

M.S.: More sxxx.

P.H.D.: Piled higher and deeper.

no offense to phd holders, as some of my good friends have one. In some cases in some fields, you need a PHD. In others, continuous learning is a good substitute.

I have a B.S. E.E. and did stuff with wireless communications. The irony is that I cut from traditional electrical engineering and ended up doing software because when I graduated (1) there was more work to be done in software (2) most of the E.E. work I wanted to do at my first employer beginning with the letter Q required at least a masters or PHD. I use to work in the bay area for awhile, and @27, ran a group that did internet based software (which I should say still exists and until a recent acquisition, was still publicly traded) before I relocated back to SD to get married. Since then, San Diego hasn't been as kind to me, despite being in a "architect/lead" type role, as I find some companies here care more the odometer and a run by grumpy old men (no offense). 125mph, there is a lesson to be learned regarding marriage and work 🙂 But since I am an engineer with no personality, I'll defer to someone else.

In my twenties, I moved around roughly every 2-3 years. Namely, because as I felt I started to stagnate at one company (and couldn't move up), I left and went to another one with greater responsibility. In my thirties, I find I need to be more careful.

 

That said, I find the engineering profession to be pretty good. Despite, what some say, I feel the outsourcing concern imho is a bit overblown. If fact, when we have reqs, we have problems filling because a lot of college grads ended up not being CS/EE majors in recent times. Also, a weakened dollar helps, as it's really not that much more cost effective to outsource to India now. There is a shortage in good tech workers these days.

 

Word of wisdom, you won't won't make it riches being an engineer by itself. You have to like what your doing (because you'll have to put up with a lot of crap by people that don't know what they're doing). You do have to learn how to deal with people (even know how to play some politics), because there will always people people you run into that aren't technical. Also, companies love to pigeonhole you if you let them. Your learning doesn't stop after you go home.

Salary is average in general. If you're good, you'll see numbers like 125mph. If you're not, you'll probably be replaced by someone relatively new from school. And there a bunch of people that will be in between. Again, take the high route if you can. I'm sort of in between myself. You salary begins to plateau around then unless you keep moving up. When you hit your ceiling, it's time to think about plan B. You won't find your road to riches if you stay an employee, unless you happen to work at a company that made it big in the stock markets. And here in san diego, I'm finding a lot of the employers down here are getting pretty cocky and fat/lazy, as many tech companies migrated out of SD, the remaining ones feel over-empowered. But the good news is a lot of bay area companies are having hiring issues, and are letting people tele-commute (though I think it's not great for your career).

 

Or you could try to do what I'm doing..I working with a few people on a company based on some concepts, with the intent of selling it to larger companies over the next couple of years. My dream would be to successfully pull off a Google presence in San Diego, where younger people in their twenties could grow and not be stuck in such crap roles I see so often down here. It's a crap shoot right now…But well see over the next couple of months…Plus having extra employers here with big market caps and employees with oozing stock options would be better for the housing market down here(just kidding 🙂 )

[Coronita]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I'd like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that's extremely hard to do even with a degree.

I also don't think you need an advanced degree such as PhD in the computer line of work. Probably won't make much if any extra.

 

I would concur with what 125mph regarding the phd in CS. There is a joke my buddies have.

B.S.: well you no what that stands for

M.S.: More sxxx.

P.H.D.: Piled higher and deeper.

no offense to phd holders, as some of my good friends have one. In some cases in some fields, you need a PHD. In others, continuous learning is a good substitute.

I have a B.S. E.E. and did stuff with wireless communications. The irony is that I cut from traditional electrical engineering and ended up doing software because when I graduated (1) there was more work to be done in software (2) most of the E.E. work I wanted to do at my first employer beginning with the letter Q required at least a masters or PHD. I use to work in the bay area for awhile, and @27, ran a group that did internet based software (which I should say still exists and until a recent acquisition, was still publicly traded) before I relocated back to SD to get married. Since then, San Diego hasn't been as kind to me, despite being in a "architect/lead" type role, as I find some companies here care more the odometer and a run by grumpy old men (no offense). 125mph, there is a lesson to be learned regarding marriage and work 🙂 But since I am an engineer with no personality, I'll defer to someone else.

In my twenties, I moved around roughly every 2-3 years. Namely, because as I felt I started to stagnate at one company (and couldn't move up), I left and went to another one with greater responsibility. In my thirties, I find I need to be more careful.

 

That said, I find the engineering profession to be pretty good. Despite, what some say, I feel the outsourcing concern imho is a bit overblown. If fact, when we have reqs, we have problems filling because a lot of college grads ended up not being CS/EE majors in recent times. Also, a weakened dollar helps, as it's really not that much more cost effective to outsource to India now. There is a shortage in good tech workers these days.

 

Word of wisdom, you won't won't make it riches being an engineer by itself. You have to like what your doing (because you'll have to put up with a lot of crap by people that don't know what they're doing). You do have to learn how to deal with people (even know how to play some politics), because there will always people people you run into that aren't technical. Also, companies love to pigeonhole you if you let them. Your learning doesn't stop after you go home.

Salary is average in general. If you're good, you'll see numbers like 125mph. If you're not, you'll probably be replaced by someone relatively new from school. And there a bunch of people that will be in between. Again, take the high route if you can. I'm sort of in between myself. You salary begins to plateau around then unless you keep moving up. When you hit your ceiling, it's time to think about plan B. You won't find your road to riches if you stay an employee, unless you happen to work at a company that made it big in the stock markets. And here in san diego, I'm finding a lot of the employers down here are getting pretty cocky and fat/lazy, as many tech companies migrated out of SD, the remaining ones feel over-empowered. But the good news is a lot of bay area companies are having hiring issues, and are letting people tele-commute (though I think it's not great for your career).

 

Or you could try to do what I'm doing..I working with a few people on a company based on some concepts, with the intent of selling it to larger companies over the next couple of years. My dream would be to successfully pull off a Google presence in San Diego, where younger people in their twenties could grow and not be stuck in such crap roles I see so often down here. It's a crap shoot right now…But well see over the next couple of months…Plus having extra employers here with big market caps and employees with oozing stock options would be better for the housing market down here(just kidding 🙂 )

[125mph]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that’s extremely hard to do even with a degree.

I also don’t think you need an advanced degree such as PhD in the computer line of work. Probably won’t make much if any extra.

[125mph]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that’s extremely hard to do even with a degree.

I also don’t think you need an advanced degree such as PhD in the computer line of work. Probably won’t make much if any extra.

[125mph]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that’s extremely hard to do even with a degree.

I also don’t think you need an advanced degree such as PhD in the computer line of work. Probably won’t make much if any extra.

[125mph]

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

B.S. Computer Science

Nothing else…

Back when I was an intern for Symantec Corp (Antivirus company), the Senior VP was a 29 year old guy I looked up to as well. He had only a highschool diploma. But of course that’s extremely hard to do even with a degree.

I also don’t think you need an advanced degree such as PhD in the computer line of work. Probably won’t make much if any extra.

[Anonymous]

I have to say this thread captured my interest a few days ago. That’s is an impressive salary. I only went to school 7 years post high school and I won’t be making that.

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

[Anonymous]

I have to say this thread captured my interest a few days ago. That’s is an impressive salary. I only went to school 7 years post high school and I won’t be making that.

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

[Anonymous]

I have to say this thread captured my interest a few days ago. That’s is an impressive salary. I only went to school 7 years post high school and I won’t be making that.

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

[Anonymous]

I have to say this thread captured my interest a few days ago. That’s is an impressive salary. I only went to school 7 years post high school and I won’t be making that.

If I may butt in for a minute. 125 mph and FLU. What kind of engineering degree do you guys have? 4 year? post-grad? Does it have anything to do with computers? My son wants to work with computers for a living, but I’d like to see him earn a nice income.

[125mph]

Fill us in, 125…how did you pull that off?

Well Stan, I’m in an “architect/director” role. I probably work 45 hours on average a week so it is a little more but in this line of work 45 is expected.

I moved around companies every 2-3 years and that gave way to a steady increase in income (along with internal growth). That, and a combination of other things such as being a excellent salary negotiator.

[125mph]

Fill us in, 125…how did you pull that off?

Well Stan, I’m in an “architect/director” role. I probably work 45 hours on average a week so it is a little more but in this line of work 45 is expected.

I moved around companies every 2-3 years and that gave way to a steady increase in income (along with internal growth). That, and a combination of other things such as being a excellent salary negotiator.

[125mph]

Fill us in, 125…how did you pull that off?

Well Stan, I’m in an “architect/director” role. I probably work 45 hours on average a week so it is a little more but in this line of work 45 is expected.

I moved around companies every 2-3 years and that gave way to a steady increase in income (along with internal growth). That, and a combination of other things such as being a excellent salary negotiator.

[125mph]

Fill us in, 125…how did you pull that off?

Well Stan, I’m in an “architect/director” role. I probably work 45 hours on average a week so it is a little more but in this line of work 45 is expected.

I moved around companies every 2-3 years and that gave way to a steady increase in income (along with internal growth). That, and a combination of other things such as being a excellent salary negotiator.

[stansd]

I stopped my engineering curriculum after the first semester and headed for economics. 160K at 29? Looks like I made a mistake if you aren’t working 80 hours a week. I would have needed to head for an IB or consulting firm to be near that number, and I’d probably be divorced by now.

Fill us in, 125…how did you pull that off?

Stan

[stansd]

I stopped my engineering curriculum after the first semester and headed for economics. 160K at 29? Looks like I made a mistake if you aren’t working 80 hours a week. I would have needed to head for an IB or consulting firm to be near that number, and I’d probably be divorced by now.

Fill us in, 125…how did you pull that off?

Stan

[stansd]

I stopped my engineering curriculum after the first semester and headed for economics. 160K at 29? Looks like I made a mistake if you aren’t working 80 hours a week. I would have needed to head for an IB or consulting firm to be near that number, and I’d probably be divorced by now.

Fill us in, 125…how did you pull that off?

Stan

[stansd]

I stopped my engineering curriculum after the first semester and headed for economics. 160K at 29? Looks like I made a mistake if you aren’t working 80 hours a week. I would have needed to head for an IB or consulting firm to be near that number, and I’d probably be divorced by now.

Fill us in, 125…how did you pull that off?

Stan

[CogSciGuy]

Engineers–all nerds! BOCTAOE

[CogSciGuy]

Engineers–all nerds! BOCTAOE

[CogSciGuy]

Engineers–all nerds! BOCTAOE

[CogSciGuy]

Engineers–all nerds! BOCTAOE

[SD Realtor]

Hi 125 –

Lots of engineers on this board. I am an ASIC designer as well and direct a staff of other ASIC guys as well. We focus on PCI Express applications.

Anyways I will try to find out more information for you on the rental later this evening.

SD Realtor

[SD Realtor]

Hi 125 –

Lots of engineers on this board. I am an ASIC designer as well and direct a staff of other ASIC guys as well. We focus on PCI Express applications.

Anyways I will try to find out more information for you on the rental later this evening.

SD Realtor

[SD Realtor]

Hi 125 –

Lots of engineers on this board. I am an ASIC designer as well and direct a staff of other ASIC guys as well. We focus on PCI Express applications.

Anyways I will try to find out more information for you on the rental later this evening.

SD Realtor

[SD Realtor]

Hi 125 –

Lots of engineers on this board. I am an ASIC designer as well and direct a staff of other ASIC guys as well. We focus on PCI Express applications.

Anyways I will try to find out more information for you on the rental later this evening.

SD Realtor

[125mph]

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

Yes I am an engineer!

[125mph]

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

Yes I am an engineer!

[125mph]

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

Yes I am an engineer!

[125mph]

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

Yes I am an engineer!

[Coronita]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I'll just blow that money on girls and gambling 🙂 (just kidding)

 

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

[Coronita]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I'll just blow that money on girls and gambling 🙂 (just kidding)

 

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

[Coronita]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I'll just blow that money on girls and gambling 🙂 (just kidding)

 

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

[Coronita]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I'll just blow that money on girls and gambling 🙂 (just kidding)

 

Do it while you can :)…I wish I bought my sports car when I can. I have other financial responsibilities now. BTW: may I ask if you are an engineer? If so, I need to talk to my boss after the holidays 🙂

[SD Realtor]

That’s the spirit kid!

125 I think you will do fine man.

SD Realtor

[SD Realtor]

That’s the spirit kid!

125 I think you will do fine man.

SD Realtor

[SD Realtor]

That’s the spirit kid!

125 I think you will do fine man.

SD Realtor

[SD Realtor]

That’s the spirit kid!

125 I think you will do fine man.

SD Realtor

[SD Realtor]

That’s the spirit kid!

125 I think you will do fine man.

SD Realtor

[125mph]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I’ll just blow that money on girls and gambling 🙂 (just kidding)

[125mph]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I’ll just blow that money on girls and gambling 🙂 (just kidding)

[125mph]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I’ll just blow that money on girls and gambling 🙂 (just kidding)

[125mph]

Thanks for all your comments.

I will sit it out for another 6-18 months and see how the RE market is doing.

In the mean time, I guess I’ll just blow that money on girls and gambling 🙂 (just kidding)

[Coronita]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It's worth over 2 mil now. That's value investing in housing. Once it isn't a value anymore, sell. That is all.

I'd like to distinguish between folks that can consistenlyt turn a profit, and people that turned a profit being in the right place at the right time. The former I would think can turn a profit at any economic cycle. The latter is no different than those Qualcomm people that were in the right company at the right time. (no offense).

It's one thing to have flipped RE in recent times and to have made money from it. But are these people really "RE investors", or just lucky?????

I'll admit something that I usually don't bring up too often. My wife and I sold a CV condo for almost 100% gain. But unlike some others that might claim financial astuteness, I'll admit we did this completely out of luck. There was motivation for that, none of which were economic astudeness on our part. For one, we wanted to move into a bigger place. Second, even though we could hold on and probably cash flow positive as a rental, the real reason why I didn't want to hold onto it was that it would leave the door open for my inlaws to permanently move here (and ditto with my parents). So I pushed to sell it. Again, the time we sold it is was shear luck of the draw. We went into escrow 3 times, each time the buyer kept backing out. But finally, as our RE kept raising prices, there was always another buyer lined up. The buyer (I think was a flipper) tried to flip it for an immediate $50k. But it backfired, because by the time they tried to do this, the market already started to sag. They eventually sold it at small loss, excluding any mortgage interests and susidized rent they provided.

So, while I don't dispute there are some on this board that are financially astute, I wouldn't say everyone (in fact most) who could time the markets right.

Which brings me to the original point. For a primary resident, if you don't consider your primary residence as an investment, it probably makes sense to buy when you can afford to live in the area/size you want to live without going out on a limb.

Some expert correct me if I'm wrong but…Primary residence doesn't generate cash flow, so the only way to "make money" really is through appreciation, right? If you agree with that, then the only way you will make money is based on appreciation less the interest portion of your mortgage you paid, offsetted by tax benefits and how much you would have paid for rent for something comparable (I'm leaving out other factors too). Yes/no?

 

 

[Coronita]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It's worth over 2 mil now. That's value investing in housing. Once it isn't a value anymore, sell. That is all.

I'd like to distinguish between folks that can consistenlyt turn a profit, and people that turned a profit being in the right place at the right time. The former I would think can turn a profit at any economic cycle. The latter is no different than those Qualcomm people that were in the right company at the right time. (no offense).

It's one thing to have flipped RE in recent times and to have made money from it. But are these people really "RE investors", or just lucky?????

I'll admit something that I usually don't bring up too often. My wife and I sold a CV condo for almost 100% gain. But unlike some others that might claim financial astuteness, I'll admit we did this completely out of luck. There was motivation for that, none of which were economic astudeness on our part. For one, we wanted to move into a bigger place. Second, even though we could hold on and probably cash flow positive as a rental, the real reason why I didn't want to hold onto it was that it would leave the door open for my inlaws to permanently move here (and ditto with my parents). So I pushed to sell it. Again, the time we sold it is was shear luck of the draw. We went into escrow 3 times, each time the buyer kept backing out. But finally, as our RE kept raising prices, there was always another buyer lined up. The buyer (I think was a flipper) tried to flip it for an immediate $50k. But it backfired, because by the time they tried to do this, the market already started to sag. They eventually sold it at small loss, excluding any mortgage interests and susidized rent they provided.

So, while I don't dispute there are some on this board that are financially astute, I wouldn't say everyone (in fact most) who could time the markets right.

Which brings me to the original point. For a primary resident, if you don't consider your primary residence as an investment, it probably makes sense to buy when you can afford to live in the area/size you want to live without going out on a limb.

Some expert correct me if I'm wrong but…Primary residence doesn't generate cash flow, so the only way to "make money" really is through appreciation, right? If you agree with that, then the only way you will make money is based on appreciation less the interest portion of your mortgage you paid, offsetted by tax benefits and how much you would have paid for rent for something comparable (I'm leaving out other factors too). Yes/no?

 

 

[Coronita]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It's worth over 2 mil now. That's value investing in housing. Once it isn't a value anymore, sell. That is all.

I'd like to distinguish between folks that can consistenlyt turn a profit, and people that turned a profit being in the right place at the right time. The former I would think can turn a profit at any economic cycle. The latter is no different than those Qualcomm people that were in the right company at the right time. (no offense).

It's one thing to have flipped RE in recent times and to have made money from it. But are these people really "RE investors", or just lucky?????

I'll admit something that I usually don't bring up too often. My wife and I sold a CV condo for almost 100% gain. But unlike some others that might claim financial astuteness, I'll admit we did this completely out of luck. There was motivation for that, none of which were economic astudeness on our part. For one, we wanted to move into a bigger place. Second, even though we could hold on and probably cash flow positive as a rental, the real reason why I didn't want to hold onto it was that it would leave the door open for my inlaws to permanently move here (and ditto with my parents). So I pushed to sell it. Again, the time we sold it is was shear luck of the draw. We went into escrow 3 times, each time the buyer kept backing out. But finally, as our RE kept raising prices, there was always another buyer lined up. The buyer (I think was a flipper) tried to flip it for an immediate $50k. But it backfired, because by the time they tried to do this, the market already started to sag. They eventually sold it at small loss, excluding any mortgage interests and susidized rent they provided.

So, while I don't dispute there are some on this board that are financially astute, I wouldn't say everyone (in fact most) who could time the markets right.

Which brings me to the original point. For a primary resident, if you don't consider your primary residence as an investment, it probably makes sense to buy when you can afford to live in the area/size you want to live without going out on a limb.

Some expert correct me if I'm wrong but…Primary residence doesn't generate cash flow, so the only way to "make money" really is through appreciation, right? If you agree with that, then the only way you will make money is based on appreciation less the interest portion of your mortgage you paid, offsetted by tax benefits and how much you would have paid for rent for something comparable (I'm leaving out other factors too). Yes/no?

 

 

[Coronita]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It's worth over 2 mil now. That's value investing in housing. Once it isn't a value anymore, sell. That is all.

I'd like to distinguish between folks that can consistenlyt turn a profit, and people that turned a profit being in the right place at the right time. The former I would think can turn a profit at any economic cycle. The latter is no different than those Qualcomm people that were in the right company at the right time. (no offense).

It's one thing to have flipped RE in recent times and to have made money from it. But are these people really "RE investors", or just lucky?????

I'll admit something that I usually don't bring up too often. My wife and I sold a CV condo for almost 100% gain. But unlike some others that might claim financial astuteness, I'll admit we did this completely out of luck. There was motivation for that, none of which were economic astudeness on our part. For one, we wanted to move into a bigger place. Second, even though we could hold on and probably cash flow positive as a rental, the real reason why I didn't want to hold onto it was that it would leave the door open for my inlaws to permanently move here (and ditto with my parents). So I pushed to sell it. Again, the time we sold it is was shear luck of the draw. We went into escrow 3 times, each time the buyer kept backing out. But finally, as our RE kept raising prices, there was always another buyer lined up. The buyer (I think was a flipper) tried to flip it for an immediate $50k. But it backfired, because by the time they tried to do this, the market already started to sag. They eventually sold it at small loss, excluding any mortgage interests and susidized rent they provided.

So, while I don't dispute there are some on this board that are financially astute, I wouldn't say everyone (in fact most) who could time the markets right.

Which brings me to the original point. For a primary resident, if you don't consider your primary residence as an investment, it probably makes sense to buy when you can afford to live in the area/size you want to live without going out on a limb.

Some expert correct me if I'm wrong but…Primary residence doesn't generate cash flow, so the only way to "make money" really is through appreciation, right? If you agree with that, then the only way you will make money is based on appreciation less the interest portion of your mortgage you paid, offsetted by tax benefits and how much you would have paid for rent for something comparable (I'm leaving out other factors too). Yes/no?

 

 

[CVFanGirl]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It’s worth over 2 mil now. That’s value investing in housing. Once it isn’t a value anymore, sell. That is all.

[CVFanGirl]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It’s worth over 2 mil now. That’s value investing in housing. Once it isn’t a value anymore, sell. That is all.

[CVFanGirl]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It’s worth over 2 mil now. That’s value investing in housing. Once it isn’t a value anymore, sell. That is all.

[CVFanGirl]

Warren Buffet is most famous for VALUE investing. My own father in law lives a life of retirement luxury by buying undervalued stocks. I bought my first property in the UTC area, the area so many like to call a dump. It made me $125k in couple of years. My realtor bought his LJ Shores house for a mere 600k at around the same time. It’s worth over 2 mil now. That’s value investing in housing. Once it isn’t a value anymore, sell. That is all.

[RatherOpinionated]

That’s Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

[RatherOpinionated]

That’s Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

[RatherOpinionated]

That’s Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

[RatherOpinionated]

That’s Bs. If you base your decision on trying to buy based on VALUE you will be renting your entire life like many of these others on this board. How many good companies trade for book value, or similar metric? They trade at premiums or other valuation to their intrinsic value for various reasons, the same reason homes in san Diego sell for more than those in Dallas or huntsville, or other locale you all claim to be a better value.

125, the only way you will me able to build equity and leverage up into larger homes is to start somewhere. Heck, if prices drop a bit and you are living in a place you like, who cares?

Or you can just rent like all these others and spend your time on this board trying to convince others not to make a good decision.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[Anonymous]

125, what is really farfetched is to imagine that those smallish houses in non-coastal neighborhoods you are looking at ever sold for 600K+ in the first place. Now the correction is going be really nasty in those areas.

Look at what those houses sold for around 1999/2000 and then you will see closer to real value (based on income). Now that credit is shut off, and people actually have to show proof on income, it’s a whole new ballgame.

Bottom line, if you buy now, you’ll be kicking yourself later.

[matula]

larrylujack,

I know this is off topic but I had been looking
where to get some fresh fish in the San Diego area.
I had been searching the net without any luck, good thing I saw your post. Can you recommend any good places to get fresh fish? Thanks.

[mixxalot]

Fresh Fish

Point Loma Seafoods is quite good for fresh fish and seafood. And they have been around a long time. I like the ahi tuna.

[mixxalot]

Fresh Fish

Point Loma Seafoods is quite good for fresh fish and seafood. And they have been around a long time. I like the ahi tuna.

[mixxalot]

Fresh Fish

Point Loma Seafoods is quite good for fresh fish and seafood. And they have been around a long time. I like the ahi tuna.

[mixxalot]

Fresh Fish

Point Loma Seafoods is quite good for fresh fish and seafood. And they have been around a long time. I like the ahi tuna.

[mixxalot]

Fresh Fish

Point Loma Seafoods is quite good for fresh fish and seafood. And they have been around a long time. I like the ahi tuna.

[matula]

larrylujack,

I know this is off topic but I had been looking
where to get some fresh fish in the San Diego area.
I had been searching the net without any luck, good thing I saw your post. Can you recommend any good places to get fresh fish? Thanks.

[matula]

larrylujack,

I know this is off topic but I had been looking
where to get some fresh fish in the San Diego area.
I had been searching the net without any luck, good thing I saw your post. Can you recommend any good places to get fresh fish? Thanks.

[matula]

larrylujack,

I know this is off topic but I had been looking
where to get some fresh fish in the San Diego area.
I had been searching the net without any luck, good thing I saw your post. Can you recommend any good places to get fresh fish? Thanks.

[matula]

larrylujack,

I know this is off topic but I had been looking
where to get some fresh fish in the San Diego area.
I had been searching the net without any luck, good thing I saw your post. Can you recommend any good places to get fresh fish? Thanks.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[larrylujack]

fprez,
hahha, comparing chicago to san diego is like comparing apples to donuts. Basing an expectation of a housing price correction based upon prices in Chicago is therefore absurd.

I am from chicago and would never ever consider going back to the midwest winter wonderland, no way, no how, and I am certain many others are willing to earn less just to enjoy the better weather in SD, so price comparisons are consequently meaningless. Case in point, I just drove down to bay park today to pick up some fresh sword fish with my convertible top down, you simply can’t put a price on that!

In addition, job opportunities for me and the pay is vastly better out here than in the winter wonderland.
thus, for someone such as myself, in addition to the vastly superior weather, I can live better in SD than chicago and have much better career ops, there is simply no way I’d live in Lincoln park or whatever snooty hood you consider upscale in Chicago.

lastly, long term, if you really want to compare cities, I think San diego is similar to the bay area because both have a highly desirable location and a superior high tech industry with electronics and biotech leading the way. Chicago has alot going for it, but nothing in the way of desirable location or technology base, it’s essentially a rust belt city. At some point in the future, san diego home prices will reflect bay area prices.

[futurePrezOfUSofA]

125mph,

why do you really want to buy soon? Is there a strong and compelling reason?

Remember: Desire is one thing.. that usually leads to impulse buying and want is the other thing. The “want” part is usually more compulsive and more logical.

I came to san diego 2 weeks back and think this area needs some serious correction. everything is almost 25% more overvalued than what I might pay in an upscale chicago neighborhood. i mean everything from food, to necessary services, and to real estate.

futurePrezOfUSofA

PS: By the way.. did you do your MBA from Duke university? My roommate used that 125mph nickname before.. I lost touch with him though.. just curious..

[futurePrezOfUSofA]

125mph,

why do you really want to buy soon? Is there a strong and compelling reason?

Remember: Desire is one thing.. that usually leads to impulse buying and want is the other thing. The “want” part is usually more compulsive and more logical.

I came to san diego 2 weeks back and think this area needs some serious correction. everything is almost 25% more overvalued than what I might pay in an upscale chicago neighborhood. i mean everything from food, to necessary services, and to real estate.

futurePrezOfUSofA

PS: By the way.. did you do your MBA from Duke university? My roommate used that 125mph nickname before.. I lost touch with him though.. just curious..

[futurePrezOfUSofA]

125mph,

why do you really want to buy soon? Is there a strong and compelling reason?

Remember: Desire is one thing.. that usually leads to impulse buying and want is the other thing. The “want” part is usually more compulsive and more logical.

I came to san diego 2 weeks back and think this area needs some serious correction. everything is almost 25% more overvalued than what I might pay in an upscale chicago neighborhood. i mean everything from food, to necessary services, and to real estate.

futurePrezOfUSofA

PS: By the way.. did you do your MBA from Duke university? My roommate used that 125mph nickname before.. I lost touch with him though.. just curious..

[futurePrezOfUSofA]

125mph,

why do you really want to buy soon? Is there a strong and compelling reason?

Remember: Desire is one thing.. that usually leads to impulse buying and want is the other thing. The “want” part is usually more compulsive and more logical.

I came to san diego 2 weeks back and think this area needs some serious correction. everything is almost 25% more overvalued than what I might pay in an u