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Rt.66
ParticipantWhat have we learned so far?
For starters, adjusting for inflation is BS, 1990s maybe even 1980s prices here we come (no adjusting necessary).
Some engineers are doing really well while some are getting laid off; generally workers are losing jobs in droves.
Japan’s own charts show the US housing bubble was much worse than the one that sunk Japan into nearly 18 years of RE declines and counting. Doubters may lump land, CR and housing together if they need to in order to see just how worse off we are than Japan.
Japan pumped money into its system with bailouts and none worked. We are using the Japan model in dealing with this crisis. And surprise, billion$ pumped into our system go straight to zombie banks and into banker pockets.
IMF and other world leaders and economists say this mess is just starting to get ugly.
Those who purchased recently, are hoping for a fairy tale market turn around to restore their equity, make a living selling houses or those just too antsy to remain on the fence will try like the devil to convince themselves and others that this is somehow not just getting started and somehow this will avoid getting much worse.
Housing priced at 50% off the greatest bubble in history is not 50% off, it’s the regular price. If you are looking for a real discount on RE…..it starts at 51%.
ParticipantWhat have we learned so far?
For starters, adjusting for inflation is BS, 1990s maybe even 1980s prices here we come (no adjusting necessary).
Some engineers are doing really well while some are getting laid off; generally workers are losing jobs in droves.
Japan’s own charts show the US housing bubble was much worse than the one that sunk Japan into nearly 18 years of RE declines and counting. Doubters may lump land, CR and housing together if they need to in order to see just how worse off we are than Japan.
Japan pumped money into its system with bailouts and none worked. We are using the Japan model in dealing with this crisis. And surprise, billion$ pumped into our system go straight to zombie banks and into banker pockets.
IMF and other world leaders and economists say this mess is just starting to get ugly.
Those who purchased recently, are hoping for a fairy tale market turn around to restore their equity, make a living selling houses or those just too antsy to remain on the fence will try like the devil to convince themselves and others that this is somehow not just getting started and somehow this will avoid getting much worse.
Housing priced at 50% off the greatest bubble in history is not 50% off, it’s the regular price. If you are looking for a real discount on RE…..it starts at 51%.
ParticipantWhat have we learned so far?
For starters, adjusting for inflation is BS, 1990s maybe even 1980s prices here we come (no adjusting necessary).
Some engineers are doing really well while some are getting laid off; generally workers are losing jobs in droves.
Japan’s own charts show the US housing bubble was much worse than the one that sunk Japan into nearly 18 years of RE declines and counting. Doubters may lump land, CR and housing together if they need to in order to see just how worse off we are than Japan.
Japan pumped money into its system with bailouts and none worked. We are using the Japan model in dealing with this crisis. And surprise, billion$ pumped into our system go straight to zombie banks and into banker pockets.
IMF and other world leaders and economists say this mess is just starting to get ugly.
Those who purchased recently, are hoping for a fairy tale market turn around to restore their equity, make a living selling houses or those just too antsy to remain on the fence will try like the devil to convince themselves and others that this is somehow not just getting started and somehow this will avoid getting much worse.
Housing priced at 50% off the greatest bubble in history is not 50% off, it’s the regular price. If you are looking for a real discount on RE…..it starts at 51%.
ParticipantWhat have we learned so far?
For starters, adjusting for inflation is BS, 1990s maybe even 1980s prices here we come (no adjusting necessary).
Some engineers are doing really well while some are getting laid off; generally workers are losing jobs in droves.
Japan’s own charts show the US housing bubble was much worse than the one that sunk Japan into nearly 18 years of RE declines and counting. Doubters may lump land, CR and housing together if they need to in order to see just how worse off we are than Japan.
Japan pumped money into its system with bailouts and none worked. We are using the Japan model in dealing with this crisis. And surprise, billion$ pumped into our system go straight to zombie banks and into banker pockets.
IMF and other world leaders and economists say this mess is just starting to get ugly.
Those who purchased recently, are hoping for a fairy tale market turn around to restore their equity, make a living selling houses or those just too antsy to remain on the fence will try like the devil to convince themselves and others that this is somehow not just getting started and somehow this will avoid getting much worse.
Housing priced at 50% off the greatest bubble in history is not 50% off, it’s the regular price. If you are looking for a real discount on RE…..it starts at 51%.
Participant[quote=SDEngineer][quote=Rt.66]Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.
And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)[/quote]
Quite certain of that, yes. Believe me, I’m not making significantly above market rate for my grade. Simply put, there are not enough engineers in the U.S. to do all the jobs they want us to do, and there’s a limit to what kind of engineering jobs you can outsource and still maintain productivity. Anyone they found with a comparable skill set would want about the same pay package.
San Diego has a lot of those kinds of jobs, which is one reason why we did fairly well overall compared to the rest of the U.S. – most tech hubs did, because even though the dot com bust WAS a big bust, engineers are still in demand, and will be for the foreseeable future. The major difference between the dot com era and today is that you aren’t seeing hundreds of millionaire engineers being coined every month via IPO’s. There are still plenty of high paying jobs in the field. Heck, my company has open req’s for engineers in San Diego right now.[/quote]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
Participant[quote=SDEngineer][quote=Rt.66]Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.
And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)[/quote]
Quite certain of that, yes. Believe me, I’m not making significantly above market rate for my grade. Simply put, there are not enough engineers in the U.S. to do all the jobs they want us to do, and there’s a limit to what kind of engineering jobs you can outsource and still maintain productivity. Anyone they found with a comparable skill set would want about the same pay package.
San Diego has a lot of those kinds of jobs, which is one reason why we did fairly well overall compared to the rest of the U.S. – most tech hubs did, because even though the dot com bust WAS a big bust, engineers are still in demand, and will be for the foreseeable future. The major difference between the dot com era and today is that you aren’t seeing hundreds of millionaire engineers being coined every month via IPO’s. There are still plenty of high paying jobs in the field. Heck, my company has open req’s for engineers in San Diego right now.[/quote]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
Participant[quote=SDEngineer][quote=Rt.66]Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.
And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)[/quote]
Quite certain of that, yes. Believe me, I’m not making significantly above market rate for my grade. Simply put, there are not enough engineers in the U.S. to do all the jobs they want us to do, and there’s a limit to what kind of engineering jobs you can outsource and still maintain productivity. Anyone they found with a comparable skill set would want about the same pay package.
San Diego has a lot of those kinds of jobs, which is one reason why we did fairly well overall compared to the rest of the U.S. – most tech hubs did, because even though the dot com bust WAS a big bust, engineers are still in demand, and will be for the foreseeable future. The major difference between the dot com era and today is that you aren’t seeing hundreds of millionaire engineers being coined every month via IPO’s. There are still plenty of high paying jobs in the field. Heck, my company has open req’s for engineers in San Diego right now.[/quote]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
Participant[quote=SDEngineer][quote=Rt.66]Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.
And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)[/quote]
Quite certain of that, yes. Believe me, I’m not making significantly above market rate for my grade. Simply put, there are not enough engineers in the U.S. to do all the jobs they want us to do, and there’s a limit to what kind of engineering jobs you can outsource and still maintain productivity. Anyone they found with a comparable skill set would want about the same pay package.
San Diego has a lot of those kinds of jobs, which is one reason why we did fairly well overall compared to the rest of the U.S. – most tech hubs did, because even though the dot com bust WAS a big bust, engineers are still in demand, and will be for the foreseeable future. The major difference between the dot com era and today is that you aren’t seeing hundreds of millionaire engineers being coined every month via IPO’s. There are still plenty of high paying jobs in the field. Heck, my company has open req’s for engineers in San Diego right now.[/quote]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
Participant[quote=SDEngineer][quote=Rt.66]Sounds like your doing well for yourself. I am sure there are not too many people capable of doing your job and willing to do it for much less.
And I’m sure your company will weather this storm with no need to go looking for someone to do the job for less:)[/quote]
Quite certain of that, yes. Believe me, I’m not making significantly above market rate for my grade. Simply put, there are not enough engineers in the U.S. to do all the jobs they want us to do, and there’s a limit to what kind of engineering jobs you can outsource and still maintain productivity. Anyone they found with a comparable skill set would want about the same pay package.
San Diego has a lot of those kinds of jobs, which is one reason why we did fairly well overall compared to the rest of the U.S. – most tech hubs did, because even though the dot com bust WAS a big bust, engineers are still in demand, and will be for the foreseeable future. The major difference between the dot com era and today is that you aren’t seeing hundreds of millionaire engineers being coined every month via IPO’s. There are still plenty of high paying jobs in the field. Heck, my company has open req’s for engineers in San Diego right now.[/quote]
India is graduating 450,000 engineers each year? Wow, can that be right?
http://machinedesign.com/article/engineering-in-india-1108
Hope your company can’t use google well.
Seriously though, good for you man. I hope your good fortune continues, but surely you can’t think the postition you are in is typical or any indicator to wages going forward into GD2?
Participant[quote=jpinpb][quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]One major difference in that bubble is we did not require government intervention.
[/quote]That’s a good illustration. And its not just a little intervention is it? Nope, its massive intervention every few months with little to no effect other than making very rich bankers even richer.
Participant[quote=jpinpb][quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]One major difference in that bubble is we did not require government intervention.
[/quote]That’s a good illustration. And its not just a little intervention is it? Nope, its massive intervention every few months with little to no effect other than making very rich bankers even richer.
Participant[quote=jpinpb][quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]One major difference in that bubble is we did not require government intervention.
[/quote]That’s a good illustration. And its not just a little intervention is it? Nope, its massive intervention every few months with little to no effect other than making very rich bankers even richer.
Participant[quote=jpinpb][quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]One major difference in that bubble is we did not require government intervention.
[/quote]That’s a good illustration. And its not just a little intervention is it? Nope, its massive intervention every few months with little to no effect other than making very rich bankers even richer.
Participant[quote=jpinpb][quote=Nor-LA-SD-guy]
One thing I would add here is, I think a lot of people on this board keep comparing this bubble to (thinking is like) 1991-1997 .
This bubble is nothing like 1991-1997[/quote]One major difference in that bubble is we did not require government intervention.
[/quote]That’s a good illustration. And its not just a little intervention is it? Nope, its massive intervention every few months with little to no effect other than making very rich bankers even richer.
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