tag:blogger.com,1999:blog-13164186.post115144056813217102..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Condos in U Street Corridor in DCDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger49125tag:blogger.com,1999:blog-13164186.post-1151513708859907312006-06-28T12:55:00.000-04:002006-06-28T12:55:00.000-04:00Some of you are truly living in a wealth bubble if...Some of you are truly living in a wealth bubble if you think that a 29yr old making 160K+ a year is not rare. <BR/><BR/>Check out BLS statistics.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151513489907735932006-06-28T12:51:00.000-04:002006-06-28T12:51:00.000-04:00Thank you Nathan Boggs for the info re section 8.T...Thank you Nathan Boggs for the info re section 8.<BR/><BR/>That's why I read this blog, hoping to find something re how low prices may drop, and for how long.<BR/><BR/>Of course, such useful info on this blog is rare. Rare indeed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151513383589821612006-06-28T12:49:00.000-04:002006-06-28T12:49:00.000-04:00"But the word "rare" is more commonly taken to be ..."But the word "rare" is more commonly taken to be a description of relative frequency and not absoloute number. People refer to four leaved clovers as rare despite the fact that in absoloute terms there are gazillions of them. However people don't say that Solar planets are rare, despite the fact that there are only 9 (or eight) of them."<BR/><BR/>Under no reasonable definition of the word are Twentysomething or Thirtysomething big firm lawyers rare in Washington, DC.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151513162613761042006-06-28T12:46:00.000-04:002006-06-28T12:46:00.000-04:00By the way, my wife and I can buy almost any apart...By the way, my wife and I can buy almost any apartment in DC that we want.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512823084152422006-06-28T12:40:00.000-04:002006-06-28T12:40:00.000-04:00"This is a list of about 150 employers in DC which..."This is a list of about 150 employers in DC which pay fourth year lawyers "<BR/><BR/>It should be pointed out, as can be gleaned from the site, a large majority of those firms employ between 100 and 500 lawyers in DC.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512730697232222006-06-28T12:38:00.000-04:002006-06-28T12:38:00.000-04:00Again, look at the link I posted. Thousands of Tw...Again, look at the link I posted. Thousands of Twentysomethings and Thirtysomethings in DC earn this kind of money.<BR/><BR/>http://www.infirmation.com/shared/insider/payscale.tcl?state=DCAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512677017790732006-06-28T12:37:00.001-04:002006-06-28T12:37:00.001-04:00http://www.infirmation.com/shared/insider/payscale...http://www.infirmation.com/shared/insider/payscale.tcl?state=DC<BR/><BR/>It's a true statement. now post it back up. <BR/><BR/>My point exactly. This is a list of about 150 employers in DC which pay fourth year lawyers (i.e. someone about 29 years old) 160k plus per year. And this doesn't include bonuses.<BR/><BR/>Let me put it another way. Many, many lawyers earn over 160 per year at age 29.<BR/><BR/>Are lawyers in DC rare? Apparently David thinks so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512635015076772006-06-28T12:37:00.000-04:002006-06-28T12:37:00.000-04:00Anon 9:34"If 1% of 29 earns this amount, than that...Anon 9:34<BR/>"If 1% of 29 earns this amount, than that's several hundred."<BR/><BR/>"It's thousands."<BR/><BR/>Ooops! I meant in the DC area.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512469378800942006-06-28T12:34:00.000-04:002006-06-28T12:34:00.000-04:00"If 1% of 29 earns this amount, than that's severa..."If 1% of 29 earns this amount, than that's several hundred."<BR/><BR/>It's thousands.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512426590654642006-06-28T12:33:00.000-04:002006-06-28T12:33:00.000-04:00"Some of you live in a 'wealth bubble' and think t..."Some of you live in a 'wealth bubble' and think that 160K is NOT rare for 29 year olds. For every 29 yr old making at least 160K, there are most probaly 300 that are not. That is RARE. "<BR/><BR/>I posted my evidence. Where's yours, David?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512306440879112006-06-28T12:31:00.002-04:002006-06-28T12:31:00.002-04:00Nathan BoggsYes you know several 29 year old peopl...Nathan Boggs<BR/>Yes you know several 29 year old people that make six figures. I know several people that can run the marathon. I don't go around saying that is not rare to find people who can run the marathon. I'm with David, a small percentage of 29 year-olds earn 160K or above.<BR/>If 1% of 29 earns this amount, than that's several hundred. Out of all 29 year-olds that's rare.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512301894527182006-06-28T12:31:00.001-04:002006-06-28T12:31:00.001-04:00"" I'm 29 and make $160k. I am not rare"Yes I did...."" I'm 29 and make $160k. I am not rare"<BR/><BR/>Yes I did. It was clearly false to say that 'a 29 year old making 160K is rare'. See the blog rules about making clearly false statements. "<BR/><BR/>Oh my god. Look:<BR/><BR/>http://www.infirmation.com/shared/insider/payscale.tcl?state=DC<BR/><BR/>It's a true statement. now post it back up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151512272977643282006-06-28T12:31:00.000-04:002006-06-28T12:31:00.000-04:00HAudidoody said... "It appears the oft-mentioned 2...HAudidoody said... <BR/>"It appears the oft-mentioned 20 something lawyer in the District has a median salary of $115K/year, as reported by those who hire them." <BR/><BR/>What's the source? The entry level starting salary at most DC law firms exceeds 115k, and annual raises are large.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151511822397199912006-06-28T12:23:00.000-04:002006-06-28T12:23:00.000-04:00It appears the oft-mentioned 20 something lawyer i...It appears the oft-mentioned 20 something lawyer in the District has a median salary of $115K/year, as reported by those who hire them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151511568910652002006-06-28T12:19:00.000-04:002006-06-28T12:19:00.000-04:00d in dc"Within four square blocks of my office the...d in dc<BR/>"Within four square blocks of my office there are 2,000 plus attorneys, and almost all of them earn more than 160k, even if 29 years old."<BR/><BR/>This "gold collar" four square blocks does represent the entire DC. <BR/><BR/>"There is alot of wealth in DC "<BR/><BR/>I agree! There is also poverty in DC and people just getting by. There are also alot of people who earn close to the median income. DC is diverse in many ways including incomes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151511297057294312006-06-28T12:14:00.000-04:002006-06-28T12:14:00.000-04:00Haha, 160K, even for a 29 year old lawyer in DC, i...Haha, 160K, even for a 29 year old lawyer in DC, is rare. Some of you people are living in a fantasyland.<BR/><BR/>Let's take a glance at the truth...<BR/><BR/>Don't tell me about all the lawyers in the bottom 20% making 30K a year ;)<BR/><BR/>http://www.payscale.com/research/vid-29471/fid-6886<BR/><BR/>http://www.bls.gov/oco/ocos053.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151509909243732602006-06-28T11:51:00.000-04:002006-06-28T11:51:00.000-04:00Some of you live in a 'wealth bubble' and think th...Some of you live in a 'wealth bubble' and think that 160K is NOT rare for 29 year olds. For every 29 yr old making at least 160K, there are most probaly 300 that are not. That is RARE.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151509380643065532006-06-28T11:43:00.000-04:002006-06-28T11:43:00.000-04:00"David said... " I'm 29 and make $160k. I am not r..."David said... <BR/>" I'm 29 and make $160k. I am not rare"<BR/><BR/>Yes I did. It was clearly false to say that 'a 29 year old making 160K is rare'. See the blog rules about making clearly false statements." <BR/><BR/>Again, another statement completely detached from reality. 160k salaries (even for 29 year olds) are not rare. Within four square blocks of my office there are 2,000 plus attorneys, and almost all of them earn more than 160k, even if 29 years old. There is alot of wealth in DC (look at my above post--in 1999 median household income almost 190k for top 20%, and undoubtedly its more today).<BR/><BR/>The statement is not false, and I can't think of any reason why it would be deleted except unreasonable censorship.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151508812348352282006-06-28T11:33:00.000-04:002006-06-28T11:33:00.000-04:00"lance wrote,"In the economy we have created, NO O..."lance wrote,<BR/><BR/>"In the economy we have created, NO ONE is at the "median" level. People are either way higher than the median level or way lower than the median level."<BR/><BR/>David wrote,<BR/><BR/>THIS IS COMPLETE BS." <BR/><BR/>Have either of you ever been to DC??? There is a huge divide between rich and poor. The income of the top 20% is more than 30 times higher than the income of the bottom 20%. How can you possibly conclude that this disparity does not make median data suspect? <BR/><BR/>According to DC Fiscal Policy Institute, "the gap between high-income and low-income households in the District of Columbia is wider than in any other major U.S. city, according to a new analysis of Census data by the DC Fiscal Policy Institute. The study found that the average income of the top fifth of DC’s households equaled $186,830 in 1999. This was 31 times higher than the average income of the bottom fifth of households — $6,126."<BR/><BR/>http://www.dcfpi.org/?p=56<BR/><BR/>Also, according to last census data, more than 20% of DC residents have income below poverty line.<BR/><BR/><BR/>This is a 2004 study based on 1999 data. But I think the disparity has only grown in the past few years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151508649577569472006-06-28T11:30:00.000-04:002006-06-28T11:30:00.000-04:00" I'm 29 and make $160k. I am not rare"Yes I did. ..." I'm 29 and make $160k. I am not rare"<BR/><BR/>Yes I did. It was clearly false to say that 'a 29 year old making 160K is rare'. See the blog rules about making clearly false statements.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151507601903200562006-06-28T11:13:00.000-04:002006-06-28T11:13:00.000-04:00David,What happened to the post where the guy who ...David,<BR/><BR/>What happened to the post where the guy who was 29 said he was earning $160K? Did you delete it?Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151506557852235962006-06-28T10:55:00.000-04:002006-06-28T10:55:00.000-04:00"Lance - median salary in DC is around $43K (more ..."<BR/>Lance - median salary in DC is around $43K (more on my blog) - not the $60K starting salary for a secretary you declared within the past few weeks."<BR/><BR/>I'm still waiting for somebody to address the point that median salaries in DC are not enlightening because of the huge poor and huge rich populations in this city. Tick, tick, tick.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151506274263911332006-06-28T10:51:00.000-04:002006-06-28T10:51:00.000-04:00lance wrote,"In the economy we have created, NO ON...lance wrote,<BR/><BR/>"In the economy we have created, NO ONE is at the "median" level. People are either way higher than the median level or way lower than the median level."<BR/><BR/>THIS IS COMPLETE BS.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151506177020960202006-06-28T10:49:00.000-04:002006-06-28T10:49:00.000-04:00lance,A bunch of people who I know who are young (...lance,<BR/><BR/>A bunch of people who I know who are young (mid to upper 20's) proffessionals who earn between 45K - 75K a year are NOT buying a condo because they would be stretching to afford a 1br condo in downtown Silver Spring (where they currently rent) which go from between 290K to 350K. Don't forget the condo fees.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1151505079065559782006-06-28T10:31:00.000-04:002006-06-28T10:31:00.000-04:00DC Bubble Meter, (a) I don't go on you blog (b) I ...DC Bubble Meter, (a) I don't go on you blog (b) I never said the secretary was median income. If you'd been understanding my postings, you'd understand that I realize that there are lots of folks who can't easily (if at all) afford to buy. In the economy we have created, NO ONE is at the "median" level. People are either way higher than the median level or way lower than the median level. The secretary I was talking about was not the one at your front desk at your association. I know, association folks are way underpaid, (except for the big cheeses there that are way OVERpaid.) I was talking about the secretary in one of the IT firms that are prevelent here ... or in one of the law offices, etc. What you can't seem to grasp is that while half the area may be in your dire circumstances of not being able to easily afford housing in this area, the other half are in the position of being able to more-than-easily afford housing here. The haves and the have-nots. And don't blame us housing heads for creating the situation, we didn't ... BUT I can tell you from personal experience that one thing that has helped me be on the "better than median side" is having scrambled real hard 10 years ago to buy that first condo, giving up just about everything else in life just to make the mortgage payments on it, and THEN finding that once I was "in the game" so to speak, life got a lot easier. Your whining won't get you "in the game" ... and it also won't change the way things are. The rules of the game are as old as man/woman him/herself.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.com