patrick.net

You have job cuts even during booms. That's nothing new. The job market has stabilized--hiring isn't as robust as everyone would hope, but it's going the right direction.

You can really only tell the bottom in hindsight... Ask again a year from now.

tatupu70 says

You have job cuts even during booms. That's nothing new. The job market has stabilized--hiring isn't as robust as everyone would hope, but it's going the right direction.

You can realy only tell the bottom in hindsight... Ask again a year from now.

Your are correct there are cuts in good times too. But Do you actually believe that the current Job market has stabilized?

ZMan says

Your are correct there are cuts in good times too. But Do you actually believe that the current Job market has stabilized?

All the available data certainly seems to say so.

ZMan says

Your are correct there are cuts in good times too. But Do you actually believe that the current Job market has stabilized?

Yes! - now go out an buy the first house you see or be forever priced out of the market!

Theses are some very frightening responses.
Nothing has changed over the last 3-4+ years. Without any real directions, or semi solutions saying the Housing or Job market is ok, is really wow.
Believe in long term solutions not hope.

New renter says

Yes! - now go out an buy the first house you see or be forever priced out of the market!

Buy now before the Chinese do!

ZMan says

Theses are some very frightening responses.

Nothing has changed over the last 3-4+ years. Without any real directions, or semi solutions saying the Housing or Job market is ok, is really wow.

Believe in long term solutions not hope.

I guess you weren't really looking for an answer then, huh? Sorry, I misunderstood...

Jobs involving smoke and mirrors is at an all time high!

The job market has stabilized (lol)

http://www.marketwatch.com/story/us-economy-hits-another-big-bump-2012-07-08

tatupu70 says

ZMan says

Theses are some very frightening responses.

Nothing has changed over the last 3-4+ years. Without any real directions, or semi solutions saying the Housing or Job market is ok, is really wow.

Believe in long term solutions not hope.

I guess you weren't really looking for an answer then, huh? Sorry, I misunderstood...

No I was, just wasn't ready an answer saying for all data/ signs point to stabilization in housing/jobs. Was expecting more

But thanks for answering.

There are plenty of new McJobs being created out there. Be positive!

wthrfrk80 says

There are plenty of new McJobs being created out there. Be positive!

Very positive :) , Just replacing good paying jobs with low paying jobs isn't going to work when it comes to buying houses. You go from $60,000 to $30,000 that a huge hit and almost completely knocks you out of the housing market.

ZMan says

wthrfrk80 says

There are plenty of new McJobs being created out there. Be positive!

Very positive :) , Just replacing good paying jobs with low paying jobs isn't going to work when it comes to buying houses. You go from $60,000 to $30,000 that a huge hit and almost completely knocks you out of the housing market.

True but other posters on this forum are pointing to the big software companies hiring fresh grads at $100k with good mid-career programmers at the $200k income level. There must be some truth to that to have spurred this recent BA home transaction rally

ZMan, are you asking about the nation as a whole, or a specific area? It is sort of a meaningless question since real estate is extremely local. Most people don't give a damn about nation-wide prices, just the ones around where they live, or want to live.

ZMan says

This is a question for all. Have we really seen the bottom in the housing market, with all the foreclosures, lack of demand??...

What ever region your interested in ?
.. the answer is take mid 1990s prices and add inflation
.. say 35% and that will give you an idea of normal pricing.

Read Robert Shiller Irrational Exuberance to get a better idea.

New renter says

True but other posters on this forum are pointing to the big software companies hiring fresh grads at $100k with good mid-career programmers at the $200k income level.

LOL! nonsense... and how will their vetern manager feel about that.. their manager most likely started at a fraction say $30K and took them 20 years of experience and promotion to get over $100K...

New grad getting easy $100K.. unlikely!

ptiemann says

but $100k for new people is definitely correct.

Talking about fresh bachelor out of the college or masters degree? Really SW engineer or just a coder? SW developer or IT technician? I think those terms are quite different though, the thing is that people tend to exaggerate when it comes to two or maybe three stuffs. Their salary/job title and the size of what's hanging up in their pants. So, which is it? :)

So, they're masters w/ few years of field experience, going to develop actual software using JAVA/Unix/Network skill. Yup, that sounds like 100K job in IT.

ptiemann says

@thomas.wong1986 - I don't know about the $200k for software people ('mid career programmers') but $100k for new people is definitely correct.

In most companies SW engineers top out around $140k, unless they move into a manager position.

Rubish! you gotta have many years of experience and success stories to get to even close to 100K... and like i said above.. your certainly not going to get anywhere near $100K right out of school since your manager had to get his $100K working many years. There are no free rides even in for SW coders.

You get many making $100K thats a HUGE chunk of cash.... your better off moving those jobs elsewhere! and many did! The Payroll records and even SV CEOs can attest that. See 3:00 below

http://pressheretv.com/?p=2710

seaside says

Based on the unsolicited emails that still I receive from recruiters every week, I estimate that salaries are a bit higher now

Everyone gets those and I have seen many over my career! and like a car advertisment... the fine line states... only one at this price... they are teasers to get your resume.

I haven't made up my mind at all, just asking if anyone had any proof or anything.
All I hear is housing is bottoming here and there. Its like really how is that possible?
I can post articles and articles here I read about more foreclosures, Renting is up, Job losses up, Fake Job posting to give people the illusion of jobs..
I been through NY, NC quite a few other places and all see the same thing. Big Factories closing, street filled with realtor signs...

Looking for a turn around you bet, but I want a real one.. Not one that is fake and just pumped into my head by the news.

New renter says

ZMan says

wthrfrk80 says

There are plenty of new McJobs being created out there. Be positive!

Very positive :) , Just replacing good paying jobs with low paying jobs isn't going to work when it comes to buying houses. You go from $60,000 to $30,000 that a huge hit and almost completely knocks you out of the housing market.

True but other posters on this forum are pointing to the big software companies hiring fresh grads at $100k with good mid-career programmers at the $200k income level. There must be some truth to that to have spurred this recent BA home transaction rally

Please send the link or post it. Thanks

ZMan says

Very positive :) , Just replacing good paying jobs with low paying jobs isn't going to work when it comes to buying houses. You go from $60,000 to $30,000 that a huge hit and almost completely knocks you out of the housing market.

Are you suggesting you should have a job, income, assets, and a good credit score to buy a house? That sounds like discrimination.

thomas.wong1986 says

ptiemann says

@thomas.wong1986 - I don't know about the $200k for software people ('mid career programmers') but $100k for new people is definitely correct.

In most companies SW engineers top out around $140k, unless they move into a manager position.

Rubish! you gotta have many years of experience and success stories to get to even close to 100K... and like i said above.. your certainly not going to get anywhere near $100K right out of school since your manager had to get his $100K working many years. There are no free rides even in for SW coders.

You get many making $100K thats a HUGE chunk of cash.... your better off moving those jobs elsewhere! and many did! The Payroll records and even SV CEOs can attest that. See 3:00 below

A lot of coding jobs have been moved overseas, not to mention that major corporations have been pushing the government for work visas to get cheaper engineers.

I do believe that certain coders could start at 100k, but only in high prices areas like San Fran.

wthrfrk80 says

ZMan says

Very positive :) , Just replacing good paying jobs with low paying jobs isn't going to work when it comes to buying houses. You go from $60,000 to $30,000 that a huge hit and almost completely knocks you out of the housing market.

Are you suggesting you should have a job, income, assets, and a good credit score to buy a house? That sounds like discrimination.

I'm not suggesting, I'm point out the facts.

For the person saying 100k jobs, please let me know a link/more details.