Why is San Diego real estate still so expensive?

[sdcellar]

And while we’re mentioning sdrealtor, didn’t he say something about eating a house 2×4 by 2×4 if it sold for 2001 nominal? Obviously, his new escrow must not be on his street (or he’s got a tremendous fondness for cellulose).

Again, I trust he’s right on both counts, but I’m guessing this sweet deal he found for his client is the exception rather than the rule. Maybe we’ll see more. Or maybe not.

[permabear]

If I could add to that: My income personally has gone up during that period due to promotions, but I’m hiring people at the same salary that I was paid in 2000 for similar work. This is nominal terms, not inflation-adjusted. So I was making about 100k in 2000, and now I’m hiring people at 95k-105k. I don’t know how people at that salary are making things work, since it’s a challenge at 200k (if you want to eat healthy foods and save at a solid rate). Which is ludicrous.

BTW, I’ve had a couple interviews at Qualcomm over the years as they’re constantly headhunting. The last interview they wanted me to take almost a 20% pay cut, and that was for a director job. They were honestly surprised by my salary (as in, “even we don’t make that much”). I also have several friends at Qualcomm and I KNOW they make less than market rate. So I’m not sure I buy the idea that Qualcomm salaries are supportive of current prices.

[permabear]

If I could add to that: My income personally has gone up during that period due to promotions, but I’m hiring people at the same salary that I was paid in 2000 for similar work. This is nominal terms, not inflation-adjusted. So I was making about 100k in 2000, and now I’m hiring people at 95k-105k. I don’t know how people at that salary are making things work, since it’s a challenge at 200k (if you want to eat healthy foods and save at a solid rate). Which is ludicrous.

BTW, I’ve had a couple interviews at Qualcomm over the years as they’re constantly headhunting. The last interview they wanted me to take almost a 20% pay cut, and that was for a director job. They were honestly surprised by my salary (as in, “even we don’t make that much”). I also have several friends at Qualcomm and I KNOW they make less than market rate. So I’m not sure I buy the idea that Qualcomm salaries are supportive of current prices.

[permabear]

If I could add to that: My income personally has gone up during that period due to promotions, but I’m hiring people at the same salary that I was paid in 2000 for similar work. This is nominal terms, not inflation-adjusted. So I was making about 100k in 2000, and now I’m hiring people at 95k-105k. I don’t know how people at that salary are making things work, since it’s a challenge at 200k (if you want to eat healthy foods and save at a solid rate). Which is ludicrous.

BTW, I’ve had a couple interviews at Qualcomm over the years as they’re constantly headhunting. The last interview they wanted me to take almost a 20% pay cut, and that was for a director job. They were honestly surprised by my salary (as in, “even we don’t make that much”). I also have several friends at Qualcomm and I KNOW they make less than market rate. So I’m not sure I buy the idea that Qualcomm salaries are supportive of current prices.

[permabear]

If I could add to that: My income personally has gone up during that period due to promotions, but I’m hiring people at the same salary that I was paid in 2000 for similar work. This is nominal terms, not inflation-adjusted. So I was making about 100k in 2000, and now I’m hiring people at 95k-105k. I don’t know how people at that salary are making things work, since it’s a challenge at 200k (if you want to eat healthy foods and save at a solid rate). Which is ludicrous.

BTW, I’ve had a couple interviews at Qualcomm over the years as they’re constantly headhunting. The last interview they wanted me to take almost a 20% pay cut, and that was for a director job. They were honestly surprised by my salary (as in, “even we don’t make that much”). I also have several friends at Qualcomm and I KNOW they make less than market rate. So I’m not sure I buy the idea that Qualcomm salaries are supportive of current prices.

[permabear]

If I could add to that: My income personally has gone up during that period due to promotions, but I’m hiring people at the same salary that I was paid in 2000 for similar work. This is nominal terms, not inflation-adjusted. So I was making about 100k in 2000, and now I’m hiring people at 95k-105k. I don’t know how people at that salary are making things work, since it’s a challenge at 200k (if you want to eat healthy foods and save at a solid rate). Which is ludicrous.

BTW, I’ve had a couple interviews at Qualcomm over the years as they’re constantly headhunting. The last interview they wanted me to take almost a 20% pay cut, and that was for a director job. They were honestly surprised by my salary (as in, “even we don’t make that much”). I also have several friends at Qualcomm and I KNOW they make less than market rate. So I’m not sure I buy the idea that Qualcomm salaries are supportive of current prices.

[UCGal]

I have some friends at Q-com… they’ve made more money on stock than on salary. Helps that they’ve been there a while. None have mortgages anymore – cashed out options and paid off their notes. (3 sets of friends did this.)

[UCGal]

I have some friends at Q-com… they’ve made more money on stock than on salary. Helps that they’ve been there a while. None have mortgages anymore – cashed out options and paid off their notes. (3 sets of friends did this.)

[UCGal]

I have some friends at Q-com… they’ve made more money on stock than on salary. Helps that they’ve been there a while. None have mortgages anymore – cashed out options and paid off their notes. (3 sets of friends did this.)

[UCGal]

I have some friends at Q-com… they’ve made more money on stock than on salary. Helps that they’ve been there a while. None have mortgages anymore – cashed out options and paid off their notes. (3 sets of friends did this.)

[UCGal]

I have some friends at Q-com… they’ve made more money on stock than on salary. Helps that they’ve been there a while. None have mortgages anymore – cashed out options and paid off their notes. (3 sets of friends did this.)

[sdrealtor]

sdcellar
I hope the house i said I would eat was on my street or thereabouts as I know those wont get there. The one I got for my client was very situational and far bigger than I could eat in my lifetime. It was one of those opportunistic deals that pop up from time to time. Itw as well out of my clients price range but based upon knowing what he really wanted and my research into the selleres I thought it was possible…a longshot…but possible. Somehow it came through and I still pinch myself as does my client who makes CAR look like a raging bull.

[sdrealtor]

sdcellar
I hope the house i said I would eat was on my street or thereabouts as I know those wont get there. The one I got for my client was very situational and far bigger than I could eat in my lifetime. It was one of those opportunistic deals that pop up from time to time. Itw as well out of my clients price range but based upon knowing what he really wanted and my research into the selleres I thought it was possible…a longshot…but possible. Somehow it came through and I still pinch myself as does my client who makes CAR look like a raging bull.

[sdrealtor]

sdcellar
I hope the house i said I would eat was on my street or thereabouts as I know those wont get there. The one I got for my client was very situational and far bigger than I could eat in my lifetime. It was one of those opportunistic deals that pop up from time to time. Itw as well out of my clients price range but based upon knowing what he really wanted and my research into the selleres I thought it was possible…a longshot…but possible. Somehow it came through and I still pinch myself as does my client who makes CAR look like a raging bull.

[sdrealtor]

sdcellar
I hope the house i said I would eat was on my street or thereabouts as I know those wont get there. The one I got for my client was very situational and far bigger than I could eat in my lifetime. It was one of those opportunistic deals that pop up from time to time. Itw as well out of my clients price range but based upon knowing what he really wanted and my research into the selleres I thought it was possible…a longshot…but possible. Somehow it came through and I still pinch myself as does my client who makes CAR look like a raging bull.

[Author]

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