The San Diego Housing Market Monitor

[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…

[an]

[quote=sdcellar][quote=AN]One big caveat is, I only believe this is true for some areas. Places that have been hit 50-60% off peak, I think would be hard press to drop much more if at all.[/quote]Absolutely, some are at either bottom or a virtual bottom. Others, like that 2/2 in north park, they’ve got a ways to go.[/quote]
See, “bottom” isn’t such a dirty word, now is it? :-).

[quote=sdcellar] Bubbles would indicate otherwise, but sure, in the *long* run there is a causal relationship between wages and house prices (duh). I think it was Shiller who said, “people need to be able to pay for the f’in places.”[/quote]
This is my whole point. Just different way of stating it. Not all area are out of reach. If people are able to pay for the f’in place, they’ll buy it.

[an]

[quote=sdcellar][quote=AN]One big caveat is, I only believe this is true for some areas. Places that have been hit 50-60% off peak, I think would be hard press to drop much more if at all.[/quote]Absolutely, some are at either bottom or a virtual bottom. Others, like that 2/2 in north park, they’ve got a ways to go.[/quote]
See, “bottom” isn’t such a dirty word, now is it? :-).

[quote=sdcellar] Bubbles would indicate otherwise, but sure, in the *long* run there is a causal relationship between wages and house prices (duh). I think it was Shiller who said, “people need to be able to pay for the f’in places.”[/quote]
This is my whole point. Just different way of stating it. Not all area are out of reach. If people are able to pay for the f’in place, they’ll buy it.

[an]

[quote=sdcellar][quote=AN]One big caveat is, I only believe this is true for some areas. Places that have been hit 50-60% off peak, I think would be hard press to drop much more if at all.[/quote]Absolutely, some are at either bottom or a virtual bottom. Others, like that 2/2 in north park, they’ve got a ways to go.[/quote]
See, “bottom” isn’t such a dirty word, now is it? :-).

[quote=sdcellar] Bubbles would indicate otherwise, but sure, in the *long* run there is a causal relationship between wages and house prices (duh). I think it was Shiller who said, “people need to be able to pay for the f’in places.”[/quote]
This is my whole point. Just different way of stating it. Not all area are out of reach. If people are able to pay for the f’in place, they’ll buy it.

[an]

[quote=sdcellar][quote=AN]One big caveat is, I only believe this is true for some areas. Places that have been hit 50-60% off peak, I think would be hard press to drop much more if at all.[/quote]Absolutely, some are at either bottom or a virtual bottom. Others, like that 2/2 in north park, they’ve got a ways to go.[/quote]
See, “bottom” isn’t such a dirty word, now is it? :-).

[quote=sdcellar] Bubbles would indicate otherwise, but sure, in the *long* run there is a causal relationship between wages and house prices (duh). I think it was Shiller who said, “people need to be able to pay for the f’in places.”[/quote]
This is my whole point. Just different way of stating it. Not all area are out of reach. If people are able to pay for the f’in place, they’ll buy it.

[an]

[quote=sdcellar][quote=AN]One big caveat is, I only believe this is true for some areas. Places that have been hit 50-60% off peak, I think would be hard press to drop much more if at all.[/quote]Absolutely, some are at either bottom or a virtual bottom. Others, like that 2/2 in north park, they’ve got a ways to go.[/quote]
See, “bottom” isn’t such a dirty word, now is it? :-).

[quote=sdcellar] Bubbles would indicate otherwise, but sure, in the *long* run there is a causal relationship between wages and house prices (duh). I think it was Shiller who said, “people need to be able to pay for the f’in places.”[/quote]
This is my whole point. Just different way of stating it. Not all area are out of reach. If people are able to pay for the f’in place, they’ll buy it.

[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.

[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.

[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.

[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.

[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.

[UCGal]

[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.

[UCGal]

[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.

[UCGal]

[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.

[UCGal]

[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.

[Author]

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