Could it be that our society is failing our most disadvantaged citizens? Out of sight, out of mind.
I have a Black friend who is an aerospace engineer. He went to high-school in Chicago and most of his classmates were Asian-Americans.
It’s tragic because it’s almost as if all the talk about engineering jobs being exported overseas has caused people to not go into those fields. Truth is there is still a huge shortage. And Americans have always been more inclined to go into business, law, etc. anyway.
A lot of good engineers make the transition from 50k to 100k + salaries in 5-10 years. I made it.
they can afford the median house in san diego. assume the spouse works in a 20-40k job.
the point is that there are not too many people making that transition since outsourcing began in 2002.
Socalmortgageguy answered this in his latest post.
Check out http://www.housingbubblecasualty.com/
and read what he has to say about average folks buying median-priced homes on average incomes.
quote from his post:
“I by no means saw the potential for thousands of the 6-figure jobs that would be needed to purchase the hundreds and hundreds of homes that were for sale “starting at 400k”.”
My guess is that this board is heavily weighted toward people working in hi tech/engineering. I know alot of people that make alot of money and few are engineers. We need to remember that not everyone in SD with a good job works in these fields.
we (incl my wife) make a lot of $$$ compared to median salary. yet we feel nervous about our future. we are concerned about incurring huge debts.
what see i is a populace that is largely not interested in their or their kids future.
SD has been a place where businessmen in the Real Estate related fields have done well. I remember the people involved with S&L and development in the late 1980s. The speculation is all over today so I wonder how RE related businesses will fare in the coming RE crash.
sdrealtor
at times you sound like some guys on the radio who have this special wisdom that they yack on for a hour, but dont tell you anything without attending their seminar, etc. Could you please be more specific starting here? Like telling us what fields are high paying? Thanks