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Sandi Egan.
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August 9, 2008 at 9:31 AM #255365August 9, 2008 at 10:05 AM #255084
SD Realtor
Participantla jolla pig I am an ASIC designer and nobody in our group makes 150k… I have been up the management ladder and several years ago decided to go back to the engineering life as I didn’t like management. Not a single engineer on our team makes 150k and that is a staff where the average experience level is about 14 years.
Getting back to your general point I do not agree that LJ is near a bottom. Now I also do not believe LJ will see the biggest drops that other zips have seen either. Let’s be clear that we are discussing single family detached homes, not condos off of Gilman either. I do believe there will be an overall lower distress level for SFH homes in LJ due to the age of most entrenched homeowners there. Also more people there have the ability to so screw you market I am gonna ride this storm out.
Now on another point of which you did not allude to but that people consistently don’t fathom is that sheer amount of money out there. There are alot of people who have made alot of money. Most of these people are NOT engineers. Us engineers are generally types who have clung to engineering because we kind of like it, but are also afraid to go out on our own and go for the big bucks. Being an engineer gives you a comfortable salary but one which you will not be really wealthy unless you have invested extraordinarly well or have other business interests going. However I know (and am quite envious) of many people who did chuck the 9-5 job and virtually gauranteed salary in order to strike it out on thier own and have done quite well. Not only making more money but living a much better lifestyle then us 9 to 5ers.
Sorry to ver off topic but in a roundabout way I do agree that there is ALOT of money out there and I think that is a point that is severely underestimated on Piggington. However I don’t see a bottom or V shaped long term trend for La Jolla.
August 9, 2008 at 10:05 AM #255257Participantla jolla pig I am an ASIC designer and nobody in our group makes 150k… I have been up the management ladder and several years ago decided to go back to the engineering life as I didn’t like management. Not a single engineer on our team makes 150k and that is a staff where the average experience level is about 14 years.
Getting back to your general point I do not agree that LJ is near a bottom. Now I also do not believe LJ will see the biggest drops that other zips have seen either. Let’s be clear that we are discussing single family detached homes, not condos off of Gilman either. I do believe there will be an overall lower distress level for SFH homes in LJ due to the age of most entrenched homeowners there. Also more people there have the ability to so screw you market I am gonna ride this storm out.
Now on another point of which you did not allude to but that people consistently don’t fathom is that sheer amount of money out there. There are alot of people who have made alot of money. Most of these people are NOT engineers. Us engineers are generally types who have clung to engineering because we kind of like it, but are also afraid to go out on our own and go for the big bucks. Being an engineer gives you a comfortable salary but one which you will not be really wealthy unless you have invested extraordinarly well or have other business interests going. However I know (and am quite envious) of many people who did chuck the 9-5 job and virtually gauranteed salary in order to strike it out on thier own and have done quite well. Not only making more money but living a much better lifestyle then us 9 to 5ers.
Sorry to ver off topic but in a roundabout way I do agree that there is ALOT of money out there and I think that is a point that is severely underestimated on Piggington. However I don’t see a bottom or V shaped long term trend for La Jolla.
August 9, 2008 at 10:05 AM #255263Participantla jolla pig I am an ASIC designer and nobody in our group makes 150k… I have been up the management ladder and several years ago decided to go back to the engineering life as I didn’t like management. Not a single engineer on our team makes 150k and that is a staff where the average experience level is about 14 years.
Getting back to your general point I do not agree that LJ is near a bottom. Now I also do not believe LJ will see the biggest drops that other zips have seen either. Let’s be clear that we are discussing single family detached homes, not condos off of Gilman either. I do believe there will be an overall lower distress level for SFH homes in LJ due to the age of most entrenched homeowners there. Also more people there have the ability to so screw you market I am gonna ride this storm out.
Now on another point of which you did not allude to but that people consistently don’t fathom is that sheer amount of money out there. There are alot of people who have made alot of money. Most of these people are NOT engineers. Us engineers are generally types who have clung to engineering because we kind of like it, but are also afraid to go out on our own and go for the big bucks. Being an engineer gives you a comfortable salary but one which you will not be really wealthy unless you have invested extraordinarly well or have other business interests going. However I know (and am quite envious) of many people who did chuck the 9-5 job and virtually gauranteed salary in order to strike it out on thier own and have done quite well. Not only making more money but living a much better lifestyle then us 9 to 5ers.
Sorry to ver off topic but in a roundabout way I do agree that there is ALOT of money out there and I think that is a point that is severely underestimated on Piggington. However I don’t see a bottom or V shaped long term trend for La Jolla.
August 9, 2008 at 10:05 AM #255320Participantla jolla pig I am an ASIC designer and nobody in our group makes 150k… I have been up the management ladder and several years ago decided to go back to the engineering life as I didn’t like management. Not a single engineer on our team makes 150k and that is a staff where the average experience level is about 14 years.
Getting back to your general point I do not agree that LJ is near a bottom. Now I also do not believe LJ will see the biggest drops that other zips have seen either. Let’s be clear that we are discussing single family detached homes, not condos off of Gilman either. I do believe there will be an overall lower distress level for SFH homes in LJ due to the age of most entrenched homeowners there. Also more people there have the ability to so screw you market I am gonna ride this storm out.
Now on another point of which you did not allude to but that people consistently don’t fathom is that sheer amount of money out there. There are alot of people who have made alot of money. Most of these people are NOT engineers. Us engineers are generally types who have clung to engineering because we kind of like it, but are also afraid to go out on our own and go for the big bucks. Being an engineer gives you a comfortable salary but one which you will not be really wealthy unless you have invested extraordinarly well or have other business interests going. However I know (and am quite envious) of many people who did chuck the 9-5 job and virtually gauranteed salary in order to strike it out on thier own and have done quite well. Not only making more money but living a much better lifestyle then us 9 to 5ers.
Sorry to ver off topic but in a roundabout way I do agree that there is ALOT of money out there and I think that is a point that is severely underestimated on Piggington. However I don’t see a bottom or V shaped long term trend for La Jolla.
August 9, 2008 at 10:05 AM #255370Participantla jolla pig I am an ASIC designer and nobody in our group makes 150k… I have been up the management ladder and several years ago decided to go back to the engineering life as I didn’t like management. Not a single engineer on our team makes 150k and that is a staff where the average experience level is about 14 years.
Getting back to your general point I do not agree that LJ is near a bottom. Now I also do not believe LJ will see the biggest drops that other zips have seen either. Let’s be clear that we are discussing single family detached homes, not condos off of Gilman either. I do believe there will be an overall lower distress level for SFH homes in LJ due to the age of most entrenched homeowners there. Also more people there have the ability to so screw you market I am gonna ride this storm out.
Now on another point of which you did not allude to but that people consistently don’t fathom is that sheer amount of money out there. There are alot of people who have made alot of money. Most of these people are NOT engineers. Us engineers are generally types who have clung to engineering because we kind of like it, but are also afraid to go out on our own and go for the big bucks. Being an engineer gives you a comfortable salary but one which you will not be really wealthy unless you have invested extraordinarly well or have other business interests going. However I know (and am quite envious) of many people who did chuck the 9-5 job and virtually gauranteed salary in order to strike it out on thier own and have done quite well. Not only making more money but living a much better lifestyle then us 9 to 5ers.
Sorry to ver off topic but in a roundabout way I do agree that there is ALOT of money out there and I think that is a point that is severely underestimated on Piggington. However I don’t see a bottom or V shaped long term trend for La Jolla.
August 9, 2008 at 10:35 AM #255101Allan from Fallbrook
ParticipantSDR: I agree on the engineering salaries. I’m doing seismic and blast engineering, and, even in this fairly specialized discipline, we don’t have salaries in that range.
Having started this company from scratch, I would make one other observation that might make you feel better about the 9 – 5 job: There are a lot of sleepless nights, and many periods where I was completely uncertain as to whether or not we’ve even make it, and I would have dearly loved a steady salary at that point. As with everything else, it’s a series of tradeoffs.
As far as La Jolla real estate goes: I do a lot of work with UC San Diego’s School of Structural Engineering and know quite a few professors that have owned in LJ for a lot of years. In good times and bad, La Jolla remains La Jolla. I think it will always enjoy a certain cachet, and thus do a better job of retaining value than other communities.
August 9, 2008 at 10:35 AM #255272ParticipantSDR: I agree on the engineering salaries. I’m doing seismic and blast engineering, and, even in this fairly specialized discipline, we don’t have salaries in that range.
Having started this company from scratch, I would make one other observation that might make you feel better about the 9 – 5 job: There are a lot of sleepless nights, and many periods where I was completely uncertain as to whether or not we’ve even make it, and I would have dearly loved a steady salary at that point. As with everything else, it’s a series of tradeoffs.
As far as La Jolla real estate goes: I do a lot of work with UC San Diego’s School of Structural Engineering and know quite a few professors that have owned in LJ for a lot of years. In good times and bad, La Jolla remains La Jolla. I think it will always enjoy a certain cachet, and thus do a better job of retaining value than other communities.
August 9, 2008 at 10:35 AM #255278ParticipantSDR: I agree on the engineering salaries. I’m doing seismic and blast engineering, and, even in this fairly specialized discipline, we don’t have salaries in that range.
Having started this company from scratch, I would make one other observation that might make you feel better about the 9 – 5 job: There are a lot of sleepless nights, and many periods where I was completely uncertain as to whether or not we’ve even make it, and I would have dearly loved a steady salary at that point. As with everything else, it’s a series of tradeoffs.
As far as La Jolla real estate goes: I do a lot of work with UC San Diego’s School of Structural Engineering and know quite a few professors that have owned in LJ for a lot of years. In good times and bad, La Jolla remains La Jolla. I think it will always enjoy a certain cachet, and thus do a better job of retaining value than other communities.
August 9, 2008 at 10:35 AM #255335ParticipantSDR: I agree on the engineering salaries. I’m doing seismic and blast engineering, and, even in this fairly specialized discipline, we don’t have salaries in that range.
Having started this company from scratch, I would make one other observation that might make you feel better about the 9 – 5 job: There are a lot of sleepless nights, and many periods where I was completely uncertain as to whether or not we’ve even make it, and I would have dearly loved a steady salary at that point. As with everything else, it’s a series of tradeoffs.
As far as La Jolla real estate goes: I do a lot of work with UC San Diego’s School of Structural Engineering and know quite a few professors that have owned in LJ for a lot of years. In good times and bad, La Jolla remains La Jolla. I think it will always enjoy a certain cachet, and thus do a better job of retaining value than other communities.
August 9, 2008 at 10:35 AM #255385ParticipantSDR: I agree on the engineering salaries. I’m doing seismic and blast engineering, and, even in this fairly specialized discipline, we don’t have salaries in that range.
Having started this company from scratch, I would make one other observation that might make you feel better about the 9 – 5 job: There are a lot of sleepless nights, and many periods where I was completely uncertain as to whether or not we’ve even make it, and I would have dearly loved a steady salary at that point. As with everything else, it’s a series of tradeoffs.
As far as La Jolla real estate goes: I do a lot of work with UC San Diego’s School of Structural Engineering and know quite a few professors that have owned in LJ for a lot of years. In good times and bad, La Jolla remains La Jolla. I think it will always enjoy a certain cachet, and thus do a better job of retaining value than other communities.
August 9, 2008 at 10:54 AM #255110surveyor
Participantflash
My wife (who is an electrical engineer and makes about $150k with bonuses because she is in management) brought up a good point.
Engineers are not really into flash and are more concerned with utility and substance. They are more likely to purchase places close to their employment or good school districts (which can explain to a certain degree why places like Poway, Rancho Bernardo, 4S Ranch, Carmel Valley can hold up their prices better than other places). The idea that engineers would want to move into places like La Jolla or the coast is kind of antithetical to their thought process.
Engineers are about function. Those who buy in La Jolla rarely purchase for that reason.
August 9, 2008 at 10:54 AM #255282Participantflash
My wife (who is an electrical engineer and makes about $150k with bonuses because she is in management) brought up a good point.
Engineers are not really into flash and are more concerned with utility and substance. They are more likely to purchase places close to their employment or good school districts (which can explain to a certain degree why places like Poway, Rancho Bernardo, 4S Ranch, Carmel Valley can hold up their prices better than other places). The idea that engineers would want to move into places like La Jolla or the coast is kind of antithetical to their thought process.
Engineers are about function. Those who buy in La Jolla rarely purchase for that reason.
August 9, 2008 at 10:54 AM #255288Participantflash
My wife (who is an electrical engineer and makes about $150k with bonuses because she is in management) brought up a good point.
Engineers are not really into flash and are more concerned with utility and substance. They are more likely to purchase places close to their employment or good school districts (which can explain to a certain degree why places like Poway, Rancho Bernardo, 4S Ranch, Carmel Valley can hold up their prices better than other places). The idea that engineers would want to move into places like La Jolla or the coast is kind of antithetical to their thought process.
Engineers are about function. Those who buy in La Jolla rarely purchase for that reason.
August 9, 2008 at 10:54 AM #255345Participantflash
My wife (who is an electrical engineer and makes about $150k with bonuses because she is in management) brought up a good point.
Engineers are not really into flash and are more concerned with utility and substance. They are more likely to purchase places close to their employment or good school districts (which can explain to a certain degree why places like Poway, Rancho Bernardo, 4S Ranch, Carmel Valley can hold up their prices better than other places). The idea that engineers would want to move into places like La Jolla or the coast is kind of antithetical to their thought process.
Engineers are about function. Those who buy in La Jolla rarely purchase for that reason.
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