I see a lot of topics that cover family income, fed rate increases, subprime risk etc. There is one more topic I wanted to keep track to see the impact on regional (or national – since we’ve got various contributors outside of San Diego)salary raises each one of us got this year.
I just got a notice of my raise on Friday, and it is 3.53% (this is just a couple of thousands $)
I guess after a short survey we will have an anecdotal idea on: (1) WAGES ARE INCREASING – expecting flat RE prices for years or (2) WAGES ARE FLAT OR DECREASING – real estate prices will drop significantly, especially if one adjusts for inflation.
My answer, if everything remains the same, Wages are flat or decreasing (adjusted for inflation)…. hence, RE prices will drop/adjust sharply in the next couple of years.
5.25% and supposedly I did “good”. This is the lowest raise I received, as a percentage, in the last several years. I was fully expecting management to keep track of inflation, interest rates and foreign currencies and adjust employee wages accordingly 🙂
5.25% and supposedly I did “good”. This is the lowest raise I received, as a percentage, in the last several years. I was fully expecting management to keep track of inflation, interest rates and foreign currencies and adjust employee wages accordingly 🙂
Me: 8%, but I’m young so I’m in the rapidly appreciating part of the pay curve. My wife: 0%, and 0 bonus. I don’t want to go into specifics, but her company is in the mortgage industry and is trying to downsize without the bad publicity that layoffs would bring. So no raises or bonuses. It’s all good, though, we are outa here in a month.
Me: 8%, but I’m young so I’m in the rapidly appreciating part of the pay curve. My wife: 0%, and 0 bonus. I don’t want to go into specifics, but her company is in the mortgage industry and is trying to downsize without the bad publicity that layoffs would bring. So no raises or bonuses. It’s all good, though, we are outa here in a month.
