[sdcellar]

[quote=AN][quote=sdcellar]
[quote=AN]Regarding the class of 2000 comment, yes, it’s the former. Class of 2002 made about $45-50k fresh out of school. Now, those same people are making around $80-100k. The fresh grads now are making between $55k-65k, based on salary.com. So, if you’re comparing fresh grad vs fresh grad, the salary went up between 22%-30%.[/quote]Yes, so decidely less than 35%.[/quote]
Even taking 20% income inflation, median home price in SD in 2000 was $269,410 and in 2008, it was $305,000. So, median home price went up 13% between 2000-2008 while entry level engineer salary went up between 22%-30%. Well above 13%.

If you think 2000-2008 # might be skewed, I know someone who graduated in 1988 as an engineer. He told me fresh grad back then made around 25-30k/yr. Median home price in 1988 was $153,410. So median home price went up 99% over 21 years. Salary for a fresh grad engineer went up between 115%-120%. So, over 21 years, median house price traced fresh grad engineer salary pretty well. I don’t know about other profession, so this might not apply so well.[/quote]
Wow, for the most part, I’m just responding to your numbers, but you just keep coming back with something else. I can’t really track down your buddy, so I give up. I will say that I think we can both agree (?) about flaws in the median at various points in time (including now), so that makes it very hard for me to concede that it consistently tracks _engineering_ salaries. Bubbles would indicate otherwise, but sure, in the *long* run there is a causal relationship between wages and house prices (duh). I think it was Shiller who said, “people need to be able to pay for the f’in places.”

[sdcellar]

[quote=AN][quote=UCGal]
That said, my coworkers with less experience were also hit with frozen salaries (even if you get a promotion!), eliminated 401k match, bonuses at half of previous years. So the folks in the first 10 years of their career also saw a hit this year.[/quote]
I don’t disagree that even people in the first 10 years of their career got their salaries freezes. But this is one of the worse recession in a long while, so, that should be expected. However, everything seems to get cheaper too, so inflation didn’t really hit over the last year. There is a CNN article recently that state employers are starting to hire back people they lay off.[/quote]I certainly think houses are going to get cheaper. We’re finally starting to see eye-to-eye! 😉

[sdcellar]

[quote=AN][quote=UCGal]
That said, my coworkers with less experience were also hit with frozen salaries (even if you get a promotion!), eliminated 401k match, bonuses at half of previous years. So the folks in the first 10 years of their career also saw a hit this year.[/quote]
I don’t disagree that even people in the first 10 years of their career got their salaries freezes. But this is one of the worse recession in a long while, so, that should be expected. However, everything seems to get cheaper too, so inflation didn’t really hit over the last year. There is a CNN article recently that state employers are starting to hire back people they lay off.[/quote]I certainly think houses are going to get cheaper. We’re finally starting to see eye-to-eye! 😉

[sdcellar]

[quote=AN][quote=UCGal]
That said, my coworkers with less experience were also hit with frozen salaries (even if you get a promotion!), eliminated 401k match, bonuses at half of previous years. So the folks in the first 10 years of their career also saw a hit this year.[/quote]
I don’t disagree that even people in the first 10 years of their career got their salaries freezes. But this is one of the worse recession in a long while, so, that should be expected. However, everything seems to get cheaper too, so inflation didn’t really hit over the last year. There is a CNN article recently that state employers are starting to hire back people they lay off.[/quote]I certainly think houses are going to get cheaper. We’re finally starting to see eye-to-eye! 😉

[sdcellar]

[quote=AN][quote=UCGal]
That said, my coworkers with less experience were also hit with frozen salaries (even if you get a promotion!), eliminated 401k match, bonuses at half of previous years. So the folks in the first 10 years of their career also saw a hit this year.[/quote]
I don’t disagree that even people in the first 10 years of their career got their salaries freezes. But this is one of the worse recession in a long while, so, that should be expected. However, everything seems to get cheaper too, so inflation didn’t really hit over the last year. There is a CNN article recently that state employers are starting to hire back people they lay off.[/quote]I certainly think houses are going to get cheaper. We’re finally starting to see eye-to-eye! 😉

[sdcellar]

[quote=AN][quote=UCGal]
That said, my coworkers with less experience were also hit with frozen salaries (even if you get a promotion!), eliminated 401k match, bonuses at half of previous years. So the folks in the first 10 years of their career also saw a hit this year.[/quote]
I don’t disagree that even people in the first 10 years of their career got their salaries freezes. But this is one of the worse recession in a long while, so, that should be expected. However, everything seems to get cheaper too, so inflation didn’t really hit over the last year. There is a CNN article recently that state employers are starting to hire back people they lay off.[/quote]I certainly think houses are going to get cheaper. We’re finally starting to see eye-to-eye! 😉

[sdcellar]

[quote=AN]sdcellar, yes, some segment will do worse while others will do better.[/quote]Yes, my point exactly.
[quote=AN]That’s why I took a specific area to see what’s the median house hold income is. Although their two sites disagree with each other on the exact number for 2008, they’re the same for 2000. Adjusting for inflation, it’s only off by ~$1k/~1.5%. Not a big deal in my book.[/quote]But in the very same thread, I showed that the discrepency in another ZIP was $5K and almost 5%. That is significant. As far as the census years are concerned (1990, 2000), they do match, but that appears to be their methodology (census data supplemented with survey and interagency data compilations for the next 10). It’ll be interesting to see what SANDAG will have for 2010 (it should at least be consistent again). Seeems to me that the IRS could nail these numbers.
[quote=AN]Still get my point across that median house hold income in an area is relatively stable adjusted for inflation. In more newer developed areas like CV, it actually went up.[/quote]Actually, as I just mentioned, the data I brought for CV specifically shows in one data series that wages are up 5.4% and in another merely 0.8% (both adjusted for inflation). So, how do can you state that it went up in a meaningful sense? I suppose it did, but maybe barely (and less than in 92126).
[quote=AN]Regarding the class of 2000 comment, yes, it’s the former. Class of 2002 made about $45-50k fresh out of school. Now, those same people are making around $80-100k. The fresh grads now are making between $55k-65k, based on salary.com. So, if you’re comparing fresh grad vs fresh grad, the salary went up between 22%-30%.[/quote]Yes, so decidely less than 35%.

[sdcellar]

[quote=AN]sdcellar, yes, some segment will do worse while others will do better.[/quote]Yes, my point exactly.
[quote=AN]That’s why I took a specific area to see what’s the median house hold income is. Although their two sites disagree with each other on the exact number for 2008, they’re the same for 2000. Adjusting for inflation, it’s only off by ~$1k/~1.5%. Not a big deal in my book.[/quote]But in the very same thread, I showed that the discrepency in another ZIP was $5K and almost 5%. That is significant. As far as the census years are concerned (1990, 2000), they do match, but that appears to be their methodology (census data supplemented with survey and interagency data compilations for the next 10). It’ll be interesting to see what SANDAG will have for 2010 (it should at least be consistent again). Seeems to me that the IRS could nail these numbers.
[quote=AN]Still get my point across that median house hold income in an area is relatively stable adjusted for inflation. In more newer developed areas like CV, it actually went up.[/quote]Actually, as I just mentioned, the data I brought for CV specifically shows in one data series that wages are up 5.4% and in another merely 0.8% (both adjusted for inflation). So, how do can you state that it went up in a meaningful sense? I suppose it did, but maybe barely (and less than in 92126).
[quote=AN]Regarding the class of 2000 comment, yes, it’s the former. Class of 2002 made about $45-50k fresh out of school. Now, those same people are making around $80-100k. The fresh grads now are making between $55k-65k, based on salary.com. So, if you’re comparing fresh grad vs fresh grad, the salary went up between 22%-30%.[/quote]Yes, so decidely less than 35%.

[sdcellar]

[quote=AN]sdcellar, yes, some segment will do worse while others will do better.[/quote]Yes, my point exactly.
[quote=AN]That’s why I took a specific area to see what’s the median house hold income is. Although their two sites disagree with each other on the exact number for 2008, they’re the same for 2000. Adjusting for inflation, it’s only off by ~$1k/~1.5%. Not a big deal in my book.[/quote]But in the very same thread, I showed that the discrepency in another ZIP was $5K and almost 5%. That is significant. As far as the census years are concerned (1990, 2000), they do match, but that appears to be their methodology (census data supplemented with survey and interagency data compilations for the next 10). It’ll be interesting to see what SANDAG will have for 2010 (it should at least be consistent again). Seeems to me that the IRS could nail these numbers.
[quote=AN]Still get my point across that median house hold income in an area is relatively stable adjusted for inflation. In more newer developed areas like CV, it actually went up.[/quote]Actually, as I just mentioned, the data I brought for CV specifically shows in one data series that wages are up 5.4% and in another merely 0.8% (both adjusted for inflation). So, how do can you state that it went up in a meaningful sense? I suppose it did, but maybe barely (and less than in 92126).
[quote=AN]Regarding the class of 2000 comment, yes, it’s the former. Class of 2002 made about $45-50k fresh out of school. Now, those same people are making around $80-100k. The fresh grads now are making between $55k-65k, based on salary.com. So, if you’re comparing fresh grad vs fresh grad, the salary went up between 22%-30%.[/quote]Yes, so decidely less than 35%.

[sdcellar]

[quote=AN]sdcellar, yes, some segment will do worse while others will do better.[/quote]Yes, my point exactly.
[quote=AN]That’s why I took a specific area to see what’s the median house hold income is. Although their two sites disagree with each other on the exact number for 2008, they’re the same for 2000. Adjusting for inflation, it’s only off by ~$1k/~1.5%. Not a big deal in my book.[/quote]But in the very same thread, I showed that the discrepency in another ZIP was $5K and almost 5%. That is significant. As far as the census years are concerned (1990, 2000), they do match, but that appears to be their methodology (census data supplemented with survey and interagency data compilations for the next 10). It’ll be interesting to see what SANDAG will have for 2010 (it should at least be consistent again). Seeems to me that the IRS could nail these numbers.
[quote=AN]Still get my point across that median house hold income in an area is relatively stable adjusted for inflation. In more newer developed areas like CV, it actually went up.[/quote]Actually, as I just mentioned, the data I brought for CV specifically shows in one data series that wages are up 5.4% and in another merely 0.8% (both adjusted for inflation). So, how do can you state that it went up in a meaningful sense? I suppose it did, but maybe barely (and less than in 92126).
[quote=AN]Regarding the class of 2000 comment, yes, it’s the former. Class of 2002 made about $45-50k fresh out of school. Now, those same people are making around $80-100k. The fresh grads now are making between $55k-65k, based on salary.com. So, if you’re comparing fresh grad vs fresh grad, the salary went up between 22%-30%.[/quote]Yes, so decidely less than 35%.

[sdcellar]

[quote=AN]sdcellar, yes, some segment will do worse while others will do better.[/quote]Yes, my point exactly.
[quote=AN]That’s why I took a specific area to see what’s the median house hold income is. Although their two sites disagree with each other on the exact number for 2008, they’re the same for 2000. Adjusting for inflation, it’s only off by ~$1k/~1.5%. Not a big deal in my book.[/quote]But in the very same thread, I showed that the discrepency in another ZIP was $5K and almost 5%. That is significant. As far as the census years are concerned (1990, 2000), they do match, but that appears to be their methodology (census data supplemented with survey and interagency data compilations for the next 10). It’ll be interesting to see what SANDAG will have for 2010 (it should at least be consistent again). Seeems to me that the IRS could nail these numbers.
[quote=AN]Still get my point across that median house hold income in an area is relatively stable adjusted for inflation. In more newer developed areas like CV, it actually went up.[/quote]Actually, as I just mentioned, the data I brought for CV specifically shows in one data series that wages are up 5.4% and in another merely 0.8% (both adjusted for inflation). So, how do can you state that it went up in a meaningful sense? I suppose it did, but maybe barely (and less than in 92126).
[quote=AN]Regarding the class of 2000 comment, yes, it’s the former. Class of 2002 made about $45-50k fresh out of school. Now, those same people are making around $80-100k. The fresh grads now are making between $55k-65k, based on salary.com. So, if you’re comparing fresh grad vs fresh grad, the salary went up between 22%-30%.[/quote]Yes, so decidely less than 35%.

[sdcellar]

[quote=AN]However, since most of the people I know graduated college after 2000, fresh grad engineers were making around $45k 7 years ago. Now, those same people are averaging around $85k.[/quote]Also, is this what the class of 2000 is currently making or what 2008 freshouts are pulling down now?

At first, I thought it was the latter, but then started thinking it was the former. It certainly makes a difference.

[sdcellar]

[quote=AN]However, since most of the people I know graduated college after 2000, fresh grad engineers were making around $45k 7 years ago. Now, those same people are averaging around $85k.[/quote]Also, is this what the class of 2000 is currently making or what 2008 freshouts are pulling down now?

At first, I thought it was the latter, but then started thinking it was the former. It certainly makes a difference.

[sdcellar]

[quote=AN]However, since most of the people I know graduated college after 2000, fresh grad engineers were making around $45k 7 years ago. Now, those same people are averaging around $85k.[/quote]Also, is this what the class of 2000 is currently making or what 2008 freshouts are pulling down now?

At first, I thought it was the latter, but then started thinking it was the former. It certainly makes a difference.

[sdcellar]

[quote=AN]However, since most of the people I know graduated college after 2000, fresh grad engineers were making around $45k 7 years ago. Now, those same people are averaging around $85k.[/quote]Also, is this what the class of 2000 is currently making or what 2008 freshouts are pulling down now?

At first, I thought it was the latter, but then started thinking it was the former. It certainly makes a difference.

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