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Rt.66
ParticipantSD average wages for 2007 was $61k and expected to fall from there.
2.5 times earnings ($61k) equals $152,500.00
Housing prices at 2.5 times earnings is a good historical ratio for bad economic times.
70% of our GDP is consumer spending. Without bubble dollars we will need figures like that to allow consumers the extra money to spend and get the economy going.
So yeah, 1980s pricing of $145k non-masturabated with inflation is pretty close.
ParticipantSD average wages for 2007 was $61k and expected to fall from there.
2.5 times earnings ($61k) equals $152,500.00
Housing prices at 2.5 times earnings is a good historical ratio for bad economic times.
70% of our GDP is consumer spending. Without bubble dollars we will need figures like that to allow consumers the extra money to spend and get the economy going.
So yeah, 1980s pricing of $145k non-masturabated with inflation is pretty close.
ParticipantSD average wages for 2007 was $61k and expected to fall from there.
2.5 times earnings ($61k) equals $152,500.00
Housing prices at 2.5 times earnings is a good historical ratio for bad economic times.
70% of our GDP is consumer spending. Without bubble dollars we will need figures like that to allow consumers the extra money to spend and get the economy going.
So yeah, 1980s pricing of $145k non-masturabated with inflation is pretty close.
ParticipantSD average wages for 2007 was $61k and expected to fall from there.
2.5 times earnings ($61k) equals $152,500.00
Housing prices at 2.5 times earnings is a good historical ratio for bad economic times.
70% of our GDP is consumer spending. Without bubble dollars we will need figures like that to allow consumers the extra money to spend and get the economy going.
So yeah, 1980s pricing of $145k non-masturabated with inflation is pretty close.
ParticipantSDdataEngineer:
Any rise in wages SD enjoyed between 2002 and 2008 was fake, total BS. Housewives were pulling down $100k taking orders from house buyers. Brokers were making a killing making expensive loans to any one who could fog a mirror, etc.
SD went from wages falling after the fake Dot Com bubble burst to another fake up-tick with more flash-in-the-pan bubble jobs.
Looking thru those rose colored glasses, can you see another bubble on the horizon that will keep SD wages from falling for years to come?
“During this entire economic cycle since 2000, working people here in San Diego have not made any significantprogress in earnings,” said Murtaza Baxamusa, research and policy director of the Center on Policy Initiatives, a local think tank on labor issues.
“With inflation much higher in 2008, it’s going to be downhill from here. Families are facing a tougher struggle to get by.”San Diego’s median income dropped sharply in 2002 after the high-tech boom stalled; rebounded from 2004 through 2006, coinciding with the rise of the housing bubble; but then stalled in 2007 after the realestate market peaked”
The bubble areas had the bubble wages to temporarily boost the wage figures. The non-bubble areas got their asses kicked.
Your wage figures are a bubble anomaly not real wages.
ParticipantSDdataEngineer:
Any rise in wages SD enjoyed between 2002 and 2008 was fake, total BS. Housewives were pulling down $100k taking orders from house buyers. Brokers were making a killing making expensive loans to any one who could fog a mirror, etc.
SD went from wages falling after the fake Dot Com bubble burst to another fake up-tick with more flash-in-the-pan bubble jobs.
Looking thru those rose colored glasses, can you see another bubble on the horizon that will keep SD wages from falling for years to come?
“During this entire economic cycle since 2000, working people here in San Diego have not made any significantprogress in earnings,” said Murtaza Baxamusa, research and policy director of the Center on Policy Initiatives, a local think tank on labor issues.
“With inflation much higher in 2008, it’s going to be downhill from here. Families are facing a tougher struggle to get by.”San Diego’s median income dropped sharply in 2002 after the high-tech boom stalled; rebounded from 2004 through 2006, coinciding with the rise of the housing bubble; but then stalled in 2007 after the realestate market peaked”
The bubble areas had the bubble wages to temporarily boost the wage figures. The non-bubble areas got their asses kicked.
Your wage figures are a bubble anomaly not real wages.
ParticipantSDdataEngineer:
Any rise in wages SD enjoyed between 2002 and 2008 was fake, total BS. Housewives were pulling down $100k taking orders from house buyers. Brokers were making a killing making expensive loans to any one who could fog a mirror, etc.
SD went from wages falling after the fake Dot Com bubble burst to another fake up-tick with more flash-in-the-pan bubble jobs.
Looking thru those rose colored glasses, can you see another bubble on the horizon that will keep SD wages from falling for years to come?
“During this entire economic cycle since 2000, working people here in San Diego have not made any significantprogress in earnings,” said Murtaza Baxamusa, research and policy director of the Center on Policy Initiatives, a local think tank on labor issues.
“With inflation much higher in 2008, it’s going to be downhill from here. Families are facing a tougher struggle to get by.”San Diego’s median income dropped sharply in 2002 after the high-tech boom stalled; rebounded from 2004 through 2006, coinciding with the rise of the housing bubble; but then stalled in 2007 after the realestate market peaked”
The bubble areas had the bubble wages to temporarily boost the wage figures. The non-bubble areas got their asses kicked.
Your wage figures are a bubble anomaly not real wages.
ParticipantSDdataEngineer:
Any rise in wages SD enjoyed between 2002 and 2008 was fake, total BS. Housewives were pulling down $100k taking orders from house buyers. Brokers were making a killing making expensive loans to any one who could fog a mirror, etc.
SD went from wages falling after the fake Dot Com bubble burst to another fake up-tick with more flash-in-the-pan bubble jobs.
Looking thru those rose colored glasses, can you see another bubble on the horizon that will keep SD wages from falling for years to come?
“During this entire economic cycle since 2000, working people here in San Diego have not made any significantprogress in earnings,” said Murtaza Baxamusa, research and policy director of the Center on Policy Initiatives, a local think tank on labor issues.
“With inflation much higher in 2008, it’s going to be downhill from here. Families are facing a tougher struggle to get by.”San Diego’s median income dropped sharply in 2002 after the high-tech boom stalled; rebounded from 2004 through 2006, coinciding with the rise of the housing bubble; but then stalled in 2007 after the realestate market peaked”
The bubble areas had the bubble wages to temporarily boost the wage figures. The non-bubble areas got their asses kicked.
Your wage figures are a bubble anomaly not real wages.
ParticipantSDdataEngineer:
Any rise in wages SD enjoyed between 2002 and 2008 was fake, total BS. Housewives were pulling down $100k taking orders from house buyers. Brokers were making a killing making expensive loans to any one who could fog a mirror, etc.
SD went from wages falling after the fake Dot Com bubble burst to another fake up-tick with more flash-in-the-pan bubble jobs.
Looking thru those rose colored glasses, can you see another bubble on the horizon that will keep SD wages from falling for years to come?
“During this entire economic cycle since 2000, working people here in San Diego have not made any significantprogress in earnings,” said Murtaza Baxamusa, research and policy director of the Center on Policy Initiatives, a local think tank on labor issues.
“With inflation much higher in 2008, it’s going to be downhill from here. Families are facing a tougher struggle to get by.”San Diego’s median income dropped sharply in 2002 after the high-tech boom stalled; rebounded from 2004 through 2006, coinciding with the rise of the housing bubble; but then stalled in 2007 after the realestate market peaked”
The bubble areas had the bubble wages to temporarily boost the wage figures. The non-bubble areas got their asses kicked.
Your wage figures are a bubble anomaly not real wages.
ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
ParticipantJapanese RE values fell for 15 years then hit a bottom and just seemed as if they were on their way to recovery when you get this:
“Nationwide land prices in Japan fell an average 3.5 percent in 2008, compared with a 1.7 percent rise in 2007.
Prices had been rising for two years after 15 straight years of decline as the country grappled with the aftermath of the bursting of an asset bubble in the early 1990s.”To Californians this is inconceivable: Housing falling off a cliff in a grueling 15 year descent to a dismal bottom, and then tiny glimmers of hope for 2 years and back to the slide down.
By 2002 Japan’s RE values had fallen to 1970s levels!“TOKYO — Japanese land prices declined for a 12th straight year in 2002, sending the average price of commercial real estate back down near levels of the late 1970s, the government said Monday.
Commercial land prices across Japan plunged an average 8.0 percent last year from the year earlier, the Ministry of Land, Infrastructure, and Transport said in its annual land price report. Residential real estate prices tumbled an average of 5.8 percent.
Japanese real estate has suffered since land and stock prices started sinking in the early 1990s and took the economy into a prolonged slump.
Years of stimulus spending have been unable to get the the country growing again, as manufacturers face … “http://www.highbeam.com/doc/1P2-7075970.html
How about 1980s prices for SD RE in 2018?
Do you suppose 1990 bubble prices in Japan are still considered the “regular price” or the point at which discounts begin?
Today, would a Japanese buyer be tempted by a realtor stating the house was 50% off what it sold for in 1990? Or would that 1990 number be considered an absurd anomaly today?
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