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sdnerd
ParticipantWe are both playing with numbers – we all are. There are a million variables, so we have to make assumptions based off the data we have.
What is the percentage of parents who help their children with the DP on their first home?
According to the statistics you provided, there are nearly 450,000 people aged 20-29 in SD.
According to PayScale the median salary by age for SD is $63,733 (25-44) and $41,884 (18-25). San Diego is one of the highest cities in the nation in regards to % of college graduates – over 40%.
Top 10 college majors (average starting salary) as of March 11th 2008:
http://education-portal.com/articles/Top_10_Paying_College_Majors.html
Of those 450,000 people – what % of them need to be in a position to buy and/or save for a DP to be significant in your opinion?
Depending on what you consider to be a significant amount, I may or may not be able to make a strong case.
(And yes, I know a large portion already own. Each year there are also new fish in the water.)
ParticipantWe are both playing with numbers – we all are. There are a million variables, so we have to make assumptions based off the data we have.
What is the percentage of parents who help their children with the DP on their first home?
According to the statistics you provided, there are nearly 450,000 people aged 20-29 in SD.
According to PayScale the median salary by age for SD is $63,733 (25-44) and $41,884 (18-25). San Diego is one of the highest cities in the nation in regards to % of college graduates – over 40%.
Top 10 college majors (average starting salary) as of March 11th 2008:
http://education-portal.com/articles/Top_10_Paying_College_Majors.html
Of those 450,000 people – what % of them need to be in a position to buy and/or save for a DP to be significant in your opinion?
Depending on what you consider to be a significant amount, I may or may not be able to make a strong case.
(And yes, I know a large portion already own. Each year there are also new fish in the water.)
ParticipantWe are both playing with numbers – we all are. There are a million variables, so we have to make assumptions based off the data we have.
What is the percentage of parents who help their children with the DP on their first home?
According to the statistics you provided, there are nearly 450,000 people aged 20-29 in SD.
According to PayScale the median salary by age for SD is $63,733 (25-44) and $41,884 (18-25). San Diego is one of the highest cities in the nation in regards to % of college graduates – over 40%.
Top 10 college majors (average starting salary) as of March 11th 2008:
http://education-portal.com/articles/Top_10_Paying_College_Majors.html
Of those 450,000 people – what % of them need to be in a position to buy and/or save for a DP to be significant in your opinion?
Depending on what you consider to be a significant amount, I may or may not be able to make a strong case.
(And yes, I know a large portion already own. Each year there are also new fish in the water.)
ParticipantWe are both playing with numbers – we all are. There are a million variables, so we have to make assumptions based off the data we have.
What is the percentage of parents who help their children with the DP on their first home?
According to the statistics you provided, there are nearly 450,000 people aged 20-29 in SD.
According to PayScale the median salary by age for SD is $63,733 (25-44) and $41,884 (18-25). San Diego is one of the highest cities in the nation in regards to % of college graduates – over 40%.
Top 10 college majors (average starting salary) as of March 11th 2008:
http://education-portal.com/articles/Top_10_Paying_College_Majors.html
Of those 450,000 people – what % of them need to be in a position to buy and/or save for a DP to be significant in your opinion?
Depending on what you consider to be a significant amount, I may or may not be able to make a strong case.
(And yes, I know a large portion already own. Each year there are also new fish in the water.)
ParticipantThere are lots of ways to play with the numbers, and a never ending list of assumptions/scenarios one could play out.
According to those statistics, roughly 40% of SD has a HHI of over $75k. As debated in another thread, at that price range you can save for a $60k DP in just a few years (depending on lifestyle). If parents help out, much faster.
I believe the new average marriage age is somewhere around 26-27 for women and closer to 30 for men; younger in the bible belt/etc.
My whole argument was that a lot of young people are making good money. A large # of these people have been priced out, or simply were not on the market the last 7-10 years. To say that there is no demand, or no money on the sidelines in this age group is very short sighted IMHO.
ParticipantThere are lots of ways to play with the numbers, and a never ending list of assumptions/scenarios one could play out.
According to those statistics, roughly 40% of SD has a HHI of over $75k. As debated in another thread, at that price range you can save for a $60k DP in just a few years (depending on lifestyle). If parents help out, much faster.
I believe the new average marriage age is somewhere around 26-27 for women and closer to 30 for men; younger in the bible belt/etc.
My whole argument was that a lot of young people are making good money. A large # of these people have been priced out, or simply were not on the market the last 7-10 years. To say that there is no demand, or no money on the sidelines in this age group is very short sighted IMHO.
ParticipantThere are lots of ways to play with the numbers, and a never ending list of assumptions/scenarios one could play out.
According to those statistics, roughly 40% of SD has a HHI of over $75k. As debated in another thread, at that price range you can save for a $60k DP in just a few years (depending on lifestyle). If parents help out, much faster.
I believe the new average marriage age is somewhere around 26-27 for women and closer to 30 for men; younger in the bible belt/etc.
My whole argument was that a lot of young people are making good money. A large # of these people have been priced out, or simply were not on the market the last 7-10 years. To say that there is no demand, or no money on the sidelines in this age group is very short sighted IMHO.
ParticipantThere are lots of ways to play with the numbers, and a never ending list of assumptions/scenarios one could play out.
According to those statistics, roughly 40% of SD has a HHI of over $75k. As debated in another thread, at that price range you can save for a $60k DP in just a few years (depending on lifestyle). If parents help out, much faster.
I believe the new average marriage age is somewhere around 26-27 for women and closer to 30 for men; younger in the bible belt/etc.
My whole argument was that a lot of young people are making good money. A large # of these people have been priced out, or simply were not on the market the last 7-10 years. To say that there is no demand, or no money on the sidelines in this age group is very short sighted IMHO.
ParticipantThere are lots of ways to play with the numbers, and a never ending list of assumptions/scenarios one could play out.
According to those statistics, roughly 40% of SD has a HHI of over $75k. As debated in another thread, at that price range you can save for a $60k DP in just a few years (depending on lifestyle). If parents help out, much faster.
I believe the new average marriage age is somewhere around 26-27 for women and closer to 30 for men; younger in the bible belt/etc.
My whole argument was that a lot of young people are making good money. A large # of these people have been priced out, or simply were not on the market the last 7-10 years. To say that there is no demand, or no money on the sidelines in this age group is very short sighted IMHO.
ParticipantA household income of $100k is not that difficult if either or both have a college degree or beyond.
Project Manager I: $59-78k
Senior Software Engineer: $92-115k
IT Administrator: $62-82k
…The list goes on forever. Minimum wage is just under $17k. Managers at In-N-Out burger average $80k a year.
Somehow 1% seems like a rather low number.
ParticipantA household income of $100k is not that difficult if either or both have a college degree or beyond.
Project Manager I: $59-78k
Senior Software Engineer: $92-115k
IT Administrator: $62-82k
…The list goes on forever. Minimum wage is just under $17k. Managers at In-N-Out burger average $80k a year.
Somehow 1% seems like a rather low number.
ParticipantA household income of $100k is not that difficult if either or both have a college degree or beyond.
Project Manager I: $59-78k
Senior Software Engineer: $92-115k
IT Administrator: $62-82k
…The list goes on forever. Minimum wage is just under $17k. Managers at In-N-Out burger average $80k a year.
Somehow 1% seems like a rather low number.
ParticipantA household income of $100k is not that difficult if either or both have a college degree or beyond.
Project Manager I: $59-78k
Senior Software Engineer: $92-115k
IT Administrator: $62-82k
…The list goes on forever. Minimum wage is just under $17k. Managers at In-N-Out burger average $80k a year.
Somehow 1% seems like a rather low number.
ParticipantA household income of $100k is not that difficult if either or both have a college degree or beyond.
Project Manager I: $59-78k
Senior Software Engineer: $92-115k
IT Administrator: $62-82k
…The list goes on forever. Minimum wage is just under $17k. Managers at In-N-Out burger average $80k a year.
Somehow 1% seems like a rather low number.
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