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SDEngineer
Participant[quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.
Participant[quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.
Participant[quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.
Participant[quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.
Participant[quote=Rt.66]What’s the housing price to earnings ratio in Detriot right now?
2.5 weeks times earnings? LOL![/quote]
Scarily enough, that’s close.
It’s 2.5 months times earnings right now LOL.
Participant[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.
Participant[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.
Participant[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.
Participant[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.
Participant[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.
Participant[quote=Rt.66]SD 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.
[/quote]
Not in San Diego it’s not. The historical San Diego household income/price ratio is above 4. In really bad economic times, it’s dropped to 3.5 here. San Diego is a really popular place to live, and we pay for it – just like other really popular cities pay for it. This isn’t Cleveland or Minneapolis (where I’m sure a 2.5x ratio is obtainable in bad economic times).
Pleny of Rich’s charts go back to the 70’s (although he uses per capita income rather than household income), and 2.5x household earnings simply doesn’t happen here.
see here:
(bearing in mind that a 61.8K household income is roughly equivalent to 2x per capita income (30K in 2007), the best ratio in the past 30 years was in 1997, at about a 3.75:1 ratio)
Participant[quote=Rt.66]SD 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.
[/quote]
Not in San Diego it’s not. The historical San Diego household income/price ratio is above 4. In really bad economic times, it’s dropped to 3.5 here. San Diego is a really popular place to live, and we pay for it – just like other really popular cities pay for it. This isn’t Cleveland or Minneapolis (where I’m sure a 2.5x ratio is obtainable in bad economic times).
Pleny of Rich’s charts go back to the 70’s (although he uses per capita income rather than household income), and 2.5x household earnings simply doesn’t happen here.
see here:
(bearing in mind that a 61.8K household income is roughly equivalent to 2x per capita income (30K in 2007), the best ratio in the past 30 years was in 1997, at about a 3.75:1 ratio)
Participant[quote=Rt.66]SD 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.
[/quote]
Not in San Diego it’s not. The historical San Diego household income/price ratio is above 4. In really bad economic times, it’s dropped to 3.5 here. San Diego is a really popular place to live, and we pay for it – just like other really popular cities pay for it. This isn’t Cleveland or Minneapolis (where I’m sure a 2.5x ratio is obtainable in bad economic times).
Pleny of Rich’s charts go back to the 70’s (although he uses per capita income rather than household income), and 2.5x household earnings simply doesn’t happen here.
see here:
(bearing in mind that a 61.8K household income is roughly equivalent to 2x per capita income (30K in 2007), the best ratio in the past 30 years was in 1997, at about a 3.75:1 ratio)
Participant[quote=Rt.66]SD 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.
[/quote]
Not in San Diego it’s not. The historical San Diego household income/price ratio is above 4. In really bad economic times, it’s dropped to 3.5 here. San Diego is a really popular place to live, and we pay for it – just like other really popular cities pay for it. This isn’t Cleveland or Minneapolis (where I’m sure a 2.5x ratio is obtainable in bad economic times).
Pleny of Rich’s charts go back to the 70’s (although he uses per capita income rather than household income), and 2.5x household earnings simply doesn’t happen here.
see here:
(bearing in mind that a 61.8K household income is roughly equivalent to 2x per capita income (30K in 2007), the best ratio in the past 30 years was in 1997, at about a 3.75:1 ratio)
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