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zzz
Participantpatb- you should read the article in the nytimes magazine recently about babies and why certain cultures are not producing babies. Don’t think its quite so simple as being materialistic.
ParticipantI think its way to hard to speak about such a broad group of people. I can’t speak to SD at large, but from my personal experiences, if you are talking about young white collar professionals, who want to live in places in central SD or North County coastal, I think there are number of people who will be competing for that “deal”. Those are desirable neighborhoods where first time buyers, move up buyers (condo to a house), and investors may want to compete for that gem in Mission Hills or Encinitas. For people in their late 20s or early 30s, 7-12 years of work experience post college is not a “few” years of work experiences in fields such as tech, biotech, sales.
There are quite a few people who fit that demographic who have moved here from other locales with lower cost of living but command equal or higher salaries. They’ve been saving for 10 years. I have friends who bought and sold their first house in other cities in their 20s and have that nest egg and are just waiting for the right house to come along along with the right price.
I agree there are also plenty of 20s and 30s who spend spend spend. But there are plenty who do have the downpayment in cash. There are also many people willing to borrow against their 401k for the downpayment. I think people underestimate how many people who’s families will help them out with the downpayment.
Most of my friends who have never bought a home are no longer looking at buying condos but rather homes because homes have come down to a level where it doesn’t make sense to risk the condo glut market and deal with the possible HOA assessments or hike in fees.
ParticipantI think its way to hard to speak about such a broad group of people. I can’t speak to SD at large, but from my personal experiences, if you are talking about young white collar professionals, who want to live in places in central SD or North County coastal, I think there are number of people who will be competing for that “deal”. Those are desirable neighborhoods where first time buyers, move up buyers (condo to a house), and investors may want to compete for that gem in Mission Hills or Encinitas. For people in their late 20s or early 30s, 7-12 years of work experience post college is not a “few” years of work experiences in fields such as tech, biotech, sales.
There are quite a few people who fit that demographic who have moved here from other locales with lower cost of living but command equal or higher salaries. They’ve been saving for 10 years. I have friends who bought and sold their first house in other cities in their 20s and have that nest egg and are just waiting for the right house to come along along with the right price.
I agree there are also plenty of 20s and 30s who spend spend spend. But there are plenty who do have the downpayment in cash. There are also many people willing to borrow against their 401k for the downpayment. I think people underestimate how many people who’s families will help them out with the downpayment.
Most of my friends who have never bought a home are no longer looking at buying condos but rather homes because homes have come down to a level where it doesn’t make sense to risk the condo glut market and deal with the possible HOA assessments or hike in fees.
ParticipantI think its way to hard to speak about such a broad group of people. I can’t speak to SD at large, but from my personal experiences, if you are talking about young white collar professionals, who want to live in places in central SD or North County coastal, I think there are number of people who will be competing for that “deal”. Those are desirable neighborhoods where first time buyers, move up buyers (condo to a house), and investors may want to compete for that gem in Mission Hills or Encinitas. For people in their late 20s or early 30s, 7-12 years of work experience post college is not a “few” years of work experiences in fields such as tech, biotech, sales.
There are quite a few people who fit that demographic who have moved here from other locales with lower cost of living but command equal or higher salaries. They’ve been saving for 10 years. I have friends who bought and sold their first house in other cities in their 20s and have that nest egg and are just waiting for the right house to come along along with the right price.
I agree there are also plenty of 20s and 30s who spend spend spend. But there are plenty who do have the downpayment in cash. There are also many people willing to borrow against their 401k for the downpayment. I think people underestimate how many people who’s families will help them out with the downpayment.
Most of my friends who have never bought a home are no longer looking at buying condos but rather homes because homes have come down to a level where it doesn’t make sense to risk the condo glut market and deal with the possible HOA assessments or hike in fees.
ParticipantI think its way to hard to speak about such a broad group of people. I can’t speak to SD at large, but from my personal experiences, if you are talking about young white collar professionals, who want to live in places in central SD or North County coastal, I think there are number of people who will be competing for that “deal”. Those are desirable neighborhoods where first time buyers, move up buyers (condo to a house), and investors may want to compete for that gem in Mission Hills or Encinitas. For people in their late 20s or early 30s, 7-12 years of work experience post college is not a “few” years of work experiences in fields such as tech, biotech, sales.
There are quite a few people who fit that demographic who have moved here from other locales with lower cost of living but command equal or higher salaries. They’ve been saving for 10 years. I have friends who bought and sold their first house in other cities in their 20s and have that nest egg and are just waiting for the right house to come along along with the right price.
I agree there are also plenty of 20s and 30s who spend spend spend. But there are plenty who do have the downpayment in cash. There are also many people willing to borrow against their 401k for the downpayment. I think people underestimate how many people who’s families will help them out with the downpayment.
Most of my friends who have never bought a home are no longer looking at buying condos but rather homes because homes have come down to a level where it doesn’t make sense to risk the condo glut market and deal with the possible HOA assessments or hike in fees.
ParticipantI think its way to hard to speak about such a broad group of people. I can’t speak to SD at large, but from my personal experiences, if you are talking about young white collar professionals, who want to live in places in central SD or North County coastal, I think there are number of people who will be competing for that “deal”. Those are desirable neighborhoods where first time buyers, move up buyers (condo to a house), and investors may want to compete for that gem in Mission Hills or Encinitas. For people in their late 20s or early 30s, 7-12 years of work experience post college is not a “few” years of work experiences in fields such as tech, biotech, sales.
There are quite a few people who fit that demographic who have moved here from other locales with lower cost of living but command equal or higher salaries. They’ve been saving for 10 years. I have friends who bought and sold their first house in other cities in their 20s and have that nest egg and are just waiting for the right house to come along along with the right price.
I agree there are also plenty of 20s and 30s who spend spend spend. But there are plenty who do have the downpayment in cash. There are also many people willing to borrow against their 401k for the downpayment. I think people underestimate how many people who’s families will help them out with the downpayment.
Most of my friends who have never bought a home are no longer looking at buying condos but rather homes because homes have come down to a level where it doesn’t make sense to risk the condo glut market and deal with the possible HOA assessments or hike in fees.
Participant“USA will NEVER fully recover from it”
I’d like to believe that we will innovate ourselves out of this one whereby our new technologies will provide growth that usurps the losses. Perhaps the next big thing will be in renewable resources and goods/green products. Biotech or medical innovation.
Participant“USA will NEVER fully recover from it”
I’d like to believe that we will innovate ourselves out of this one whereby our new technologies will provide growth that usurps the losses. Perhaps the next big thing will be in renewable resources and goods/green products. Biotech or medical innovation.
Participant“USA will NEVER fully recover from it”
I’d like to believe that we will innovate ourselves out of this one whereby our new technologies will provide growth that usurps the losses. Perhaps the next big thing will be in renewable resources and goods/green products. Biotech or medical innovation.
Participant“USA will NEVER fully recover from it”
I’d like to believe that we will innovate ourselves out of this one whereby our new technologies will provide growth that usurps the losses. Perhaps the next big thing will be in renewable resources and goods/green products. Biotech or medical innovation.
Participant“USA will NEVER fully recover from it”
I’d like to believe that we will innovate ourselves out of this one whereby our new technologies will provide growth that usurps the losses. Perhaps the next big thing will be in renewable resources and goods/green products. Biotech or medical innovation.
ParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
ParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
ParticipantRen, earnings wise, are you the “average” middle class? First off I believe there is a lot of debate on exactly what earnings range defines the middle class. If the general range is between 30k-100k, an “average” middle class household who are somewhere in the 40k-50k range is definitely going to feel the hurt of an extra $400 per month. Higher gas prices don’t just add to driving costs, they translate to higher costs in food and clothing and just about anything you buy.
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