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April 1, 2010 at 3:15 PM in reply to: Should the houses be worth twice what they were in 1996? #534909April 1, 2010 at 3:15 PM in reply to: Should the houses be worth twice what they were in 1996? #535173
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ParticipantI don’t know about other profession, but in 2002, average fresh grad software engineer were making about $45k/yr. Today, fresh grad software engineer should expect between $53k-66k w/ the average/median around $60k. I don’t have info for 1996, but I know in 1987, it was around $27k
Very true, but 1996 was about the start of the big outsourcing wave to India. That has continued and grown as well as expanded into Eastern Europe. My guess is that this has significantly supressed wages for engineers in the US.
April 1, 2010 at 11:35 AM in reply to: Should the houses be worth twice what they were in 1996? #534093ParticipantAlso, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?
1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!
April 1, 2010 at 11:35 AM in reply to: Should the houses be worth twice what they were in 1996? #534223ParticipantAlso, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?
1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!
April 1, 2010 at 11:35 AM in reply to: Should the houses be worth twice what they were in 1996? #534680ParticipantAlso, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?
1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!
April 1, 2010 at 11:35 AM in reply to: Should the houses be worth twice what they were in 1996? #534777ParticipantAlso, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?
1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!
April 1, 2010 at 11:35 AM in reply to: Should the houses be worth twice what they were in 1996? #535042ParticipantAlso, are interest rates the same as in 1996? Are home loans the same? Is the level of government support for housing loans the same?
1996 and 2010 are apples and oranges. I’m not saying houses still aren’t overpriced in certain locales but it’s hard to reduce the data down to a graph or two and say – Aha! Now it’s time to buy a house!
April 1, 2010 at 11:05 AM in reply to: Should the houses be worth twice what they were in 1996? #534060ParticipantDoes everyone make the same salary as they did in 1996?
April 1, 2010 at 11:05 AM in reply to: Should the houses be worth twice what they were in 1996? #534187ParticipantDoes everyone make the same salary as they did in 1996?
April 1, 2010 at 11:05 AM in reply to: Should the houses be worth twice what they were in 1996? #534645ParticipantDoes everyone make the same salary as they did in 1996?
April 1, 2010 at 11:05 AM in reply to: Should the houses be worth twice what they were in 1996? #534742ParticipantDoes everyone make the same salary as they did in 1996?
April 1, 2010 at 11:05 AM in reply to: Should the houses be worth twice what they were in 1996? #535007ParticipantDoes everyone make the same salary as they did in 1996?
ParticipantJust remember that a hair over 200 years ago…that is a very short time…this country did not exist, there was no electricity or running water, and people used a little hole in the backyard as a restroom.
The rate of change in the last two centuries has been astounding and makes me wish I had a time machine to see the year 2210.
Indeed, huge changes in 200 years. What does the future hold? I don’t know but I’ve always been a fan of American artist Thomas Cole’s “The Course Of Empire” paintings.
ParticipantJust remember that a hair over 200 years ago…that is a very short time…this country did not exist, there was no electricity or running water, and people used a little hole in the backyard as a restroom.
The rate of change in the last two centuries has been astounding and makes me wish I had a time machine to see the year 2210.
Indeed, huge changes in 200 years. What does the future hold? I don’t know but I’ve always been a fan of American artist Thomas Cole’s “The Course Of Empire” paintings.
ParticipantJust remember that a hair over 200 years ago…that is a very short time…this country did not exist, there was no electricity or running water, and people used a little hole in the backyard as a restroom.
The rate of change in the last two centuries has been astounding and makes me wish I had a time machine to see the year 2210.
Indeed, huge changes in 200 years. What does the future hold? I don’t know but I’ve always been a fan of American artist Thomas Cole’s “The Course Of Empire” paintings.
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