[enron_by_the_sea]

[quote=UCGal]
I’m of the mindset that too many of us are living beyond our means and will be screwed if employment takes more hits.[/quote]

Couldn’t agree more.

[enron_by_the_sea]

[quote=UCGal]
I’m of the mindset that too many of us are living beyond our means and will be screwed if employment takes more hits.[/quote]

Couldn’t agree more.

[enron_by_the_sea]

[quote=UCGal]
I’m of the mindset that too many of us are living beyond our means and will be screwed if employment takes more hits.[/quote]

Couldn’t agree more.

[enron_by_the_sea]

[quote=UCGal][quote=enron_by_the_sea]This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.[/quote]

I’m not sure you can state people aren’t over extended… One of the data points is “Mortgages Consuming over 30% of income”. Which indicates fairly high DTI ratios.

Those same tracts:
Carmel Vally tract 8333 -47% have mortgages over 30%
Carmel valley tract 8328 -49%
Sorrento Valley tract 8346 – 39%
NW Mira Mesa tract 8347 – 44%
Scripps Ranch tract 17046 -47%
Scripps Ranch tract 9504 – 50%

So – about half the folks in these zips are spending a large percentage of their (large) income on housing. That’s a recipe for distress if a household loses a job.[/quote]

If you have 200K of income and you spend 30% of that on mortgage you are in a lot less financial stress compared to someone who makes 50K and spends 30% of that on mortgage.

However your point about job loss is well taken. {So wait for Qualcomm and Scripps to lay off people to see mass foreclosures here :))

[enron_by_the_sea]

[quote=UCGal][quote=enron_by_the_sea]This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.[/quote]

I’m not sure you can state people aren’t over extended… One of the data points is “Mortgages Consuming over 30% of income”. Which indicates fairly high DTI ratios.

Those same tracts:
Carmel Vally tract 8333 -47% have mortgages over 30%
Carmel valley tract 8328 -49%
Sorrento Valley tract 8346 – 39%
NW Mira Mesa tract 8347 – 44%
Scripps Ranch tract 17046 -47%
Scripps Ranch tract 9504 – 50%

So – about half the folks in these zips are spending a large percentage of their (large) income on housing. That’s a recipe for distress if a household loses a job.[/quote]

If you have 200K of income and you spend 30% of that on mortgage you are in a lot less financial stress compared to someone who makes 50K and spends 30% of that on mortgage.

However your point about job loss is well taken. {So wait for Qualcomm and Scripps to lay off people to see mass foreclosures here :))

[enron_by_the_sea]

[quote=UCGal][quote=enron_by_the_sea]This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.[/quote]

I’m not sure you can state people aren’t over extended… One of the data points is “Mortgages Consuming over 30% of income”. Which indicates fairly high DTI ratios.

Those same tracts:
Carmel Vally tract 8333 -47% have mortgages over 30%
Carmel valley tract 8328 -49%
Sorrento Valley tract 8346 – 39%
NW Mira Mesa tract 8347 – 44%
Scripps Ranch tract 17046 -47%
Scripps Ranch tract 9504 – 50%

So – about half the folks in these zips are spending a large percentage of their (large) income on housing. That’s a recipe for distress if a household loses a job.[/quote]

If you have 200K of income and you spend 30% of that on mortgage you are in a lot less financial stress compared to someone who makes 50K and spends 30% of that on mortgage.

However your point about job loss is well taken. {So wait for Qualcomm and Scripps to lay off people to see mass foreclosures here :))

[enron_by_the_sea]

[quote=UCGal][quote=enron_by_the_sea]This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.[/quote]

I’m not sure you can state people aren’t over extended… One of the data points is “Mortgages Consuming over 30% of income”. Which indicates fairly high DTI ratios.

Those same tracts:
Carmel Vally tract 8333 -47% have mortgages over 30%
Carmel valley tract 8328 -49%
Sorrento Valley tract 8346 – 39%
NW Mira Mesa tract 8347 – 44%
Scripps Ranch tract 17046 -47%
Scripps Ranch tract 9504 – 50%

So – about half the folks in these zips are spending a large percentage of their (large) income on housing. That’s a recipe for distress if a household loses a job.[/quote]

If you have 200K of income and you spend 30% of that on mortgage you are in a lot less financial stress compared to someone who makes 50K and spends 30% of that on mortgage.

However your point about job loss is well taken. {So wait for Qualcomm and Scripps to lay off people to see mass foreclosures here :))

[enron_by_the_sea]

[quote=UCGal][quote=enron_by_the_sea]This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.[/quote]

I’m not sure you can state people aren’t over extended… One of the data points is “Mortgages Consuming over 30% of income”. Which indicates fairly high DTI ratios.

Those same tracts:
Carmel Vally tract 8333 -47% have mortgages over 30%
Carmel valley tract 8328 -49%
Sorrento Valley tract 8346 – 39%
NW Mira Mesa tract 8347 – 44%
Scripps Ranch tract 17046 -47%
Scripps Ranch tract 9504 – 50%

So – about half the folks in these zips are spending a large percentage of their (large) income on housing. That’s a recipe for distress if a household loses a job.[/quote]

If you have 200K of income and you spend 30% of that on mortgage you are in a lot less financial stress compared to someone who makes 50K and spends 30% of that on mortgage.

However your point about job loss is well taken. {So wait for Qualcomm and Scripps to lay off people to see mass foreclosures here :))

[enron_by_the_sea]

This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.

[enron_by_the_sea]

This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.

[enron_by_the_sea]

This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.

[enron_by_the_sea]

This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.

[enron_by_the_sea]

This is actually very interesting data. Thanks

For example, I noticed that median household income in some areas popular with Pigg homefinders is much higher than what I was thinking.

Carmel Vally tract 8333 – $126676
Carmel valley tract 8328 -$194063
Sorrento Valley tract 8346 -$135313
NW Mira Mesa tract 8347 – $98600
Scripps Ranch tract 17046 -$132941
Scripps Ranch tract 9504 – $146705

I can go on and on. But seems like these areas may not be filled with overextended homeowners as some are alleging.

[enron_by_the_sea]

I was first be happy to not have to pay more in taxes next year. Two seconds later I realized that I would be paying that with interest one way or another in the future anyway! So I don’t what the big deal is about.

If they had done it without adding to the deficit (in the long term) then I might have been impressed….

[enron_by_the_sea]

I was first be happy to not have to pay more in taxes next year. Two seconds later I realized that I would be paying that with interest one way or another in the future anyway! So I don’t what the big deal is about.

If they had done it without adding to the deficit (in the long term) then I might have been impressed….

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