[lajolla-pig]

key word software.
remember my comment about ‘not yet outsourced’?
as that train nears the wage pressure builds.
your programming skills put you in the middle of the tracks.

what year was it they began calling programers engineers? Who asked them to do that? Why? I’ve heard of janitors asking to be called sanitation engineers…they aren’t paid that well either. Not that I would equate the two…clearly programmers require more intelligence and education.

[lajolla-pig]

key word software.
remember my comment about ‘not yet outsourced’?
as that train nears the wage pressure builds.
your programming skills put you in the middle of the tracks.

what year was it they began calling programers engineers? Who asked them to do that? Why? I’ve heard of janitors asking to be called sanitation engineers…they aren’t paid that well either. Not that I would equate the two…clearly programmers require more intelligence and education.

[lajolla-pig]

key word software.
remember my comment about ‘not yet outsourced’?
as that train nears the wage pressure builds.
your programming skills put you in the middle of the tracks.

what year was it they began calling programers engineers? Who asked them to do that? Why? I’ve heard of janitors asking to be called sanitation engineers…they aren’t paid that well either. Not that I would equate the two…clearly programmers require more intelligence and education.

[lajolla-pig]

key word software.
remember my comment about ‘not yet outsourced’?
as that train nears the wage pressure builds.
your programming skills put you in the middle of the tracks.

what year was it they began calling programers engineers? Who asked them to do that? Why? I’ve heard of janitors asking to be called sanitation engineers…they aren’t paid that well either. Not that I would equate the two…clearly programmers require more intelligence and education.

[lajolla-pig]

key word software.
remember my comment about ‘not yet outsourced’?
as that train nears the wage pressure builds.
your programming skills put you in the middle of the tracks.

what year was it they began calling programers engineers? Who asked them to do that? Why? I’ve heard of janitors asking to be called sanitation engineers…they aren’t paid that well either. Not that I would equate the two…clearly programmers require more intelligence and education.

[lajolla-pig]

[quote=esmith]-Prices have dropped a lot (25% off peak in late 2005)

Not in La Jolla.

assuming 7-9% real inflation

Did you really see 12 years of 7-9% wage inflation?

[/quote]

in 2005 an entry house in La Jolla was 1.6, now it is 1.2 (close to many bland boxes in CV).

And yes, the population looking for homes in La Jolla today easily has an income 200-300% the level of those looking back in 1996. Engineers in 1996 made what….maybe 70K. Today 150K is typical. I’m not saying those people working at walmart have had great wage increases but the educated class that has not yet been outsourced has done just fine. Walmart workers aren’t shopping for homes in LJ so wage pressures at the low end and ‘average wage growth’ does not matter.

Also, today it is almost universal that the educated buyer is married to a another high-earner (150+150=300 ==> 1M mortgage + 20% down ==> rational sustainable entry-level price of 1.2). That was not as much the case in 1996.
Of course if the man earns 400K+ he can still easily afford a stay-at-home trophy wife and the LJ house. That part was true even in 1996.

[lajolla-pig]

[quote=esmith]-Prices have dropped a lot (25% off peak in late 2005)

Not in La Jolla.

assuming 7-9% real inflation

Did you really see 12 years of 7-9% wage inflation?

[/quote]

in 2005 an entry house in La Jolla was 1.6, now it is 1.2 (close to many bland boxes in CV).

And yes, the population looking for homes in La Jolla today easily has an income 200-300% the level of those looking back in 1996. Engineers in 1996 made what….maybe 70K. Today 150K is typical. I’m not saying those people working at walmart have had great wage increases but the educated class that has not yet been outsourced has done just fine. Walmart workers aren’t shopping for homes in LJ so wage pressures at the low end and ‘average wage growth’ does not matter.

Also, today it is almost universal that the educated buyer is married to a another high-earner (150+150=300 ==> 1M mortgage + 20% down ==> rational sustainable entry-level price of 1.2). That was not as much the case in 1996.
Of course if the man earns 400K+ he can still easily afford a stay-at-home trophy wife and the LJ house. That part was true even in 1996.

[lajolla-pig]

[quote=esmith]-Prices have dropped a lot (25% off peak in late 2005)

Not in La Jolla.

assuming 7-9% real inflation

Did you really see 12 years of 7-9% wage inflation?

[/quote]

in 2005 an entry house in La Jolla was 1.6, now it is 1.2 (close to many bland boxes in CV).

And yes, the population looking for homes in La Jolla today easily has an income 200-300% the level of those looking back in 1996. Engineers in 1996 made what….maybe 70K. Today 150K is typical. I’m not saying those people working at walmart have had great wage increases but the educated class that has not yet been outsourced has done just fine. Walmart workers aren’t shopping for homes in LJ so wage pressures at the low end and ‘average wage growth’ does not matter.

Also, today it is almost universal that the educated buyer is married to a another high-earner (150+150=300 ==> 1M mortgage + 20% down ==> rational sustainable entry-level price of 1.2). That was not as much the case in 1996.
Of course if the man earns 400K+ he can still easily afford a stay-at-home trophy wife and the LJ house. That part was true even in 1996.

[lajolla-pig]

[quote=esmith]-Prices have dropped a lot (25% off peak in late 2005)

Not in La Jolla.

assuming 7-9% real inflation

Did you really see 12 years of 7-9% wage inflation?

[/quote]

in 2005 an entry house in La Jolla was 1.6, now it is 1.2 (close to many bland boxes in CV).

And yes, the population looking for homes in La Jolla today easily has an income 200-300% the level of those looking back in 1996. Engineers in 1996 made what….maybe 70K. Today 150K is typical. I’m not saying those people working at walmart have had great wage increases but the educated class that has not yet been outsourced has done just fine. Walmart workers aren’t shopping for homes in LJ so wage pressures at the low end and ‘average wage growth’ does not matter.

Also, today it is almost universal that the educated buyer is married to a another high-earner (150+150=300 ==> 1M mortgage + 20% down ==> rational sustainable entry-level price of 1.2). That was not as much the case in 1996.
Of course if the man earns 400K+ he can still easily afford a stay-at-home trophy wife and the LJ house. That part was true even in 1996.

[lajolla-pig]

[quote=esmith]-Prices have dropped a lot (25% off peak in late 2005)

Not in La Jolla.

assuming 7-9% real inflation

Did you really see 12 years of 7-9% wage inflation?

[/quote]

in 2005 an entry house in La Jolla was 1.6, now it is 1.2 (close to many bland boxes in CV).

And yes, the population looking for homes in La Jolla today easily has an income 200-300% the level of those looking back in 1996. Engineers in 1996 made what….maybe 70K. Today 150K is typical. I’m not saying those people working at walmart have had great wage increases but the educated class that has not yet been outsourced has done just fine. Walmart workers aren’t shopping for homes in LJ so wage pressures at the low end and ‘average wage growth’ does not matter.

Also, today it is almost universal that the educated buyer is married to a another high-earner (150+150=300 ==> 1M mortgage + 20% down ==> rational sustainable entry-level price of 1.2). That was not as much the case in 1996.
Of course if the man earns 400K+ he can still easily afford a stay-at-home trophy wife and the LJ house. That part was true even in 1996.

[lajolla-pig]

As an urban dweller I feel very confident suburbia is not going to die. Far flung places overbuilt during speculative booms may suffer for a while but there are too many things that will drive people to the burbs.
1) lower cost of housing. As people move closer the prices fall in outer areas. Demand will eventually meet the cheaper supply.
2) population is increasing, even if that is undesireables.
3) commuting prices will plummet when the electric car changeover occurs.
4) telecommuting gets easier everyday
5) suburbs continue to grow and generate local jobs.
6) if poverty sets in the govt pumps welfare payments into the area…those homes will not stay vacant for long. There is always a mexican who would prefer to live in a nice Temecula subdivision with section 8 rather than having to work for a living in Mexicali.
7) cities continue to do stupid things and cater to criminals which send people into gated communities or out to the burbs.
8) businesses will locate in low cost areas that have the basic infrastructure in place.
9) Unless massive depopulation occurs (like Detroit burbs) the burbs will be just fine.

[lajolla-pig]

As an urban dweller I feel very confident suburbia is not going to die. Far flung places overbuilt during speculative booms may suffer for a while but there are too many things that will drive people to the burbs.
1) lower cost of housing. As people move closer the prices fall in outer areas. Demand will eventually meet the cheaper supply.
2) population is increasing, even if that is undesireables.
3) commuting prices will plummet when the electric car changeover occurs.
4) telecommuting gets easier everyday
5) suburbs continue to grow and generate local jobs.
6) if poverty sets in the govt pumps welfare payments into the area…those homes will not stay vacant for long. There is always a mexican who would prefer to live in a nice Temecula subdivision with section 8 rather than having to work for a living in Mexicali.
7) cities continue to do stupid things and cater to criminals which send people into gated communities or out to the burbs.
8) businesses will locate in low cost areas that have the basic infrastructure in place.
9) Unless massive depopulation occurs (like Detroit burbs) the burbs will be just fine.

[lajolla-pig]

As an urban dweller I feel very confident suburbia is not going to die. Far flung places overbuilt during speculative booms may suffer for a while but there are too many things that will drive people to the burbs.
1) lower cost of housing. As people move closer the prices fall in outer areas. Demand will eventually meet the cheaper supply.
2) population is increasing, even if that is undesireables.
3) commuting prices will plummet when the electric car changeover occurs.
4) telecommuting gets easier everyday
5) suburbs continue to grow and generate local jobs.
6) if poverty sets in the govt pumps welfare payments into the area…those homes will not stay vacant for long. There is always a mexican who would prefer to live in a nice Temecula subdivision with section 8 rather than having to work for a living in Mexicali.
7) cities continue to do stupid things and cater to criminals which send people into gated communities or out to the burbs.
8) businesses will locate in low cost areas that have the basic infrastructure in place.
9) Unless massive depopulation occurs (like Detroit burbs) the burbs will be just fine.

[lajolla-pig]

As an urban dweller I feel very confident suburbia is not going to die. Far flung places overbuilt during speculative booms may suffer for a while but there are too many things that will drive people to the burbs.
1) lower cost of housing. As people move closer the prices fall in outer areas. Demand will eventually meet the cheaper supply.
2) population is increasing, even if that is undesireables.
3) commuting prices will plummet when the electric car changeover occurs.
4) telecommuting gets easier everyday
5) suburbs continue to grow and generate local jobs.
6) if poverty sets in the govt pumps welfare payments into the area…those homes will not stay vacant for long. There is always a mexican who would prefer to live in a nice Temecula subdivision with section 8 rather than having to work for a living in Mexicali.
7) cities continue to do stupid things and cater to criminals which send people into gated communities or out to the burbs.
8) businesses will locate in low cost areas that have the basic infrastructure in place.
9) Unless massive depopulation occurs (like Detroit burbs) the burbs will be just fine.

[lajolla-pig]

As an urban dweller I feel very confident suburbia is not going to die. Far flung places overbuilt during speculative booms may suffer for a while but there are too many things that will drive people to the burbs.
1) lower cost of housing. As people move closer the prices fall in outer areas. Demand will eventually meet the cheaper supply.
2) population is increasing, even if that is undesireables.
3) commuting prices will plummet when the electric car changeover occurs.
4) telecommuting gets easier everyday
5) suburbs continue to grow and generate local jobs.
6) if poverty sets in the govt pumps welfare payments into the area…those homes will not stay vacant for long. There is always a mexican who would prefer to live in a nice Temecula subdivision with section 8 rather than having to work for a living in Mexicali.
7) cities continue to do stupid things and cater to criminals which send people into gated communities or out to the burbs.
8) businesses will locate in low cost areas that have the basic infrastructure in place.
9) Unless massive depopulation occurs (like Detroit burbs) the burbs will be just fine.

[Author]

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