[quote=AN][quote=UCGal][quote=AN]If you think 2000-2008 # might be skewed, I know someone who graduated in 1988 as an engineer. He told me fresh grad back then made around 25-30k/yr. Median home price in 1988 was $153,410. So median home price went up 99% over 21 years. Salary for a fresh grad engineer went up between 115%-120%. So, over 21 years, median house price traced fresh grad engineer salary pretty well. I don’t know about other profession, so this might not apply so well.[/quote]
I would assume some of the salary gain was due to promotions and generally having more experience over time. Typically new grads make less than folks with experience. Yet the typical median house probably remains about the same house…[/quote]
I’m comparing fresh grad salary from 1988 to 2002 to 2009.[/quote]
Gotcha. Sorry.
The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?
The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?
The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?
The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?
The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?
