salaries in the mid 90s?

[The-Shoveler]

IMO Rates will stay low until wage inflation is very clearly evident.

Deflation is still very much a threat.

Anyway IMO.

[spdrun]

A cyclical recession with already low rates and markets jaded about QE would be a nice opportunity…

[Anonymous]

[quote=Rich Toscano]If she is trying to justify overall regional house prices we need to look at overall salaries, not just senior software engineer salaries.

You said mid-90s, so I will use 1995. Since 1995:

124% increase in SD per capita income
194% increase in SD home prices

So your friend is right that home prices have tripled since the mid-1990s, but wrong that salaries have kept pace. Home prices have increased 56% more than incomes over that period.

This is specific to SD but I doubt that it’s much different for SoCal as a whole.[/quote]

Coastal property since 1995 is more like 400% increase.

[Anonymous]

[quote=The-Shoveler]IMO Rates will stay low until wage inflation is very clearly evident.

Deflation is still very much a threat.

Anyway IMO.[/quote]

Meanwhile, while my wage is going up about 1.5% a year, nearly everything I spend my money on is going up in price WAY more than 1.5% in recent years. Most notably rent, food, phone/cable bills, water bills, etc.

[The-Shoveler]

Coastal Property values IMO are probably not going to ever correlate again to incomes in most SoCal areas.

It’s more a luxury Idem.

W2 earners are probably going to need to look inland.

Been that way in LA since before the 80’s.

[svelte]

In 1995 the going rate for a SW Eng with 5 years experience was $50-55k in San Diego. I can tell you that for sure as I have a lot of insight into that specific year.

By (2001-3? Can’t remember exact year) a Sr SW Eng was over $100K.

So there was definitely a jump in 6-8 years.

[Author]

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