[Scarlett]

I have an explanation about why the household income looks like this. We are not getting that many entry level, junior jobs. They don’t come to San Diego anymore, it’s too expensive. Or , for the same reason have left for places where they can afford a house. So, we have more senior people, their salaries have grown from 10 years ago. Companies have donwsized, senior people are made to do more, lower level job rather than hire juniors.

[Scarlett]

What I can tell is from my experience and my sisters. I don’t know what the data is based on, but the household income in the professions I know of (my sister’s family and mine)- has not gone up more than 25% nominal.

The houses though, on the other hand have doubled – at least. Same house, sales price in 1999 compared to now. My sister being almost 10 years older got in 1999 a nice 1989 built, 2100 sqft house in a great school district – for under 400K. Now that house based on all comps is just shy of 800K (my sister is in Irvine).

With our salaries which are about 20% above what they had in 1999, I can afford a 400-500K but certainly NOT a 700K house.
Quod erat demonstrandum.

So I don’t buy that data.

[Scarlett]

What I can tell is from my experience and my sisters. I don’t know what the data is based on, but the household income in the professions I know of (my sister’s family and mine)- has not gone up more than 25% nominal.

The houses though, on the other hand have doubled – at least. Same house, sales price in 1999 compared to now. My sister being almost 10 years older got in 1999 a nice 1989 built, 2100 sqft house in a great school district – for under 400K. Now that house based on all comps is just shy of 800K (my sister is in Irvine).

With our salaries which are about 20% above what they had in 1999, I can afford a 400-500K but certainly NOT a 700K house.
Quod erat demonstrandum.

So I don’t buy that data.

[Scarlett]

What I can tell is from my experience and my sisters. I don’t know what the data is based on, but the household income in the professions I know of (my sister’s family and mine)- has not gone up more than 25% nominal.

The houses though, on the other hand have doubled – at least. Same house, sales price in 1999 compared to now. My sister being almost 10 years older got in 1999 a nice 1989 built, 2100 sqft house in a great school district – for under 400K. Now that house based on all comps is just shy of 800K (my sister is in Irvine).

With our salaries which are about 20% above what they had in 1999, I can afford a 400-500K but certainly NOT a 700K house.
Quod erat demonstrandum.

So I don’t buy that data.

[Scarlett]

What I can tell is from my experience and my sisters. I don’t know what the data is based on, but the household income in the professions I know of (my sister’s family and mine)- has not gone up more than 25% nominal.

The houses though, on the other hand have doubled – at least. Same house, sales price in 1999 compared to now. My sister being almost 10 years older got in 1999 a nice 1989 built, 2100 sqft house in a great school district – for under 400K. Now that house based on all comps is just shy of 800K (my sister is in Irvine).

With our salaries which are about 20% above what they had in 1999, I can afford a 400-500K but certainly NOT a 700K house.
Quod erat demonstrandum.

So I don’t buy that data.

[Scarlett]

What I can tell is from my experience and my sisters. I don’t know what the data is based on, but the household income in the professions I know of (my sister’s family and mine)- has not gone up more than 25% nominal.

The houses though, on the other hand have doubled – at least. Same house, sales price in 1999 compared to now. My sister being almost 10 years older got in 1999 a nice 1989 built, 2100 sqft house in a great school district – for under 400K. Now that house based on all comps is just shy of 800K (my sister is in Irvine).

With our salaries which are about 20% above what they had in 1999, I can afford a 400-500K but certainly NOT a 700K house.
Quod erat demonstrandum.

So I don’t buy that data.

[Scarlett]

I am surprised nobody posted this yet:
http://online.wsj.com/article/SB10001424052748704013604576104351050317610.html?source=patrick.net#printModeAd

[Scarlett]

I am surprised nobody posted this yet:
http://online.wsj.com/article/SB10001424052748704013604576104351050317610.html?source=patrick.net#printModeAd

[Scarlett]

I am surprised nobody posted this yet:
http://online.wsj.com/article/SB10001424052748704013604576104351050317610.html?source=patrick.net#printModeAd

[Scarlett]

I am surprised nobody posted this yet:
http://online.wsj.com/article/SB10001424052748704013604576104351050317610.html?source=patrick.net#printModeAd

[Scarlett]

I am surprised nobody posted this yet:
http://online.wsj.com/article/SB10001424052748704013604576104351050317610.html?source=patrick.net#printModeAd

[Scarlett]

I am in the same boat with the OP. I don’t think prices are where they should be, especially when you consider rents, but I don’t know how long it will take to ge there, if ever. I believe the prices should be more like 2001-2002 nominal prices. Frankly I am kind of scared of buying seeing all the horror stories about the housing. And especially about throwing away that downpayment… I am not rich.

[Scarlett]

I am in the same boat with the OP. I don’t think prices are where they should be, especially when you consider rents, but I don’t know how long it will take to ge there, if ever. I believe the prices should be more like 2001-2002 nominal prices. Frankly I am kind of scared of buying seeing all the horror stories about the housing. And especially about throwing away that downpayment… I am not rich.

[Scarlett]

I am in the same boat with the OP. I don’t think prices are where they should be, especially when you consider rents, but I don’t know how long it will take to ge there, if ever. I believe the prices should be more like 2001-2002 nominal prices. Frankly I am kind of scared of buying seeing all the horror stories about the housing. And especially about throwing away that downpayment… I am not rich.

[Scarlett]

I am in the same boat with the OP. I don’t think prices are where they should be, especially when you consider rents, but I don’t know how long it will take to ge there, if ever. I believe the prices should be more like 2001-2002 nominal prices. Frankly I am kind of scared of buying seeing all the horror stories about the housing. And especially about throwing away that downpayment… I am not rich.

[Author]

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