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Old 11-21-2017, 09:55 PM
 
Location: Denver
4,716 posts, read 8,593,521 times
Reputation: 5957

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Quote:
Originally Posted by Willy702 View Post
I'm calling nonsense on this top 10% is an income of over 50k. I just hired two analysts, one who is still in college and not graduating until next year. He's getting 55k and actually got a 58k offer elsewhere that fortunately he decided against because he likes our firm better. The other has one year of work experience, he's getting 62k. Neither went to a top school and these are just run of the mill finance jobs. If I'm paying these guys top 10% salaries, I'm blown away. And oh by the way, these guys are based in Las Vegas, not exactly a bastion of high salaries for millenials.
Here's a visualization by the Wall Street Journal based on US Census data: What Percent Are You? - WSJ.com

Among Millennial (that's ages 18-38) men with a bachelors, those salaries are 66th and 74th percentiles respectively.


Here's a calculator based on US Census data that's better refined by age but not other demographics: https://dqydj.com/income-percentile-by-age-calculator/

Assuming the new hires are 23 and 24, their salaries are 90th and 93rd percentiles respectively.
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Old 11-23-2017, 07:17 AM
 
1,967 posts, read 2,318,067 times
Reputation: 1844
looks like I am doing ok Happy Thanksgiving
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Old 12-11-2017, 09:05 PM
 
Location: Denver
61 posts, read 234,620 times
Reputation: 44
Blame the legal weed. Housing prices went crazy soon after.
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Old 12-11-2017, 09:11 PM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,720 posts, read 29,915,186 times
Reputation: 33349
Quote:
Originally Posted by rolo99 View Post
Blame the legal weed. Housing prices went crazy soon after.
Proof source?
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Old 12-12-2017, 04:43 PM
 
1,967 posts, read 2,318,067 times
Reputation: 1844
source :
Marijuana Dispensaries Linked to Rising Denver Home Prices by University of Wisconsin Study | Westword

but then it is the WESTWORD and the author of the article has a big beard...
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Old 12-12-2017, 06:26 PM
 
6,386 posts, read 11,913,565 times
Reputation: 6891
Quote:
Originally Posted by wilberry View Post
source :
Marijuana Dispensaries Linked to Rising Denver Home Prices by University of Wisconsin Study | Westword

but then it is the WESTWORD and the author of the article has a big beard...
That's a shockingly bad article. Apparently a lot of us could qualify to be economists at the University of Wisconsin. Seriously can't believe that passes as good study basing it off of one year of housing growth rate being a little higher in some neighborhoods than others.
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Old 12-12-2017, 07:05 PM
 
Location: Scottsdale
2,076 posts, read 1,653,858 times
Reputation: 4096
Quote:
Originally Posted by Westerner92 View Post
Here's a visualization by the Wall Street Journal based on US Census data: What Percent Are You? - WSJ.com

Among Millennial (that's ages 18-38) men with a bachelors, those salaries are 66th and 74th percentiles respectively.


Here's a calculator based on US Census data that's better refined by age but not other demographics: https://dqydj.com/income-percentile-by-age-calculator/

Assuming the new hires are 23 and 24, their salaries are 90th and 93rd percentiles respectively.
I get it. The job market is "hot" and recent college graduates (even from lower-tier colleges) are getting paid well (55 K, 60 K, etc).

But don't forget the "high-paying roaring job hunter's market" of 1999. I was there in Denver when it crashed in 2002. I went from being a software tester manager in 2001 at 80k per year (at only 3 years of experience - very high at the time) to unemployed by late 2001. In early 2002 I was just doing hard labor to get by - mostly at minimum wage (LOL). Then I had to move to Florida to find a new job. I had been in Denver for 4 years.

So, the job market is roaring. Recent college graduates are paid well. There is not enough supply of workers to meet demand. The fruitful economy may seem endless, but don't forget 1999 and how it crashed in 2002. The same thing happened between the "me" decade of successful yuppies in the late 1980s who hit the market crash of 1991.

It's best to assume another recession is coming in the next 5-10 years and just save up for it. These are the good times of harvest - bu the "drought" or "perfect storm" could be back again just like in 1991 and 2001.
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Old 12-12-2017, 09:19 PM
 
1,849 posts, read 1,815,135 times
Reputation: 1282
I had a one bedroom railroad style apt in Cap Hill that I got on Craigslist for $1095 a month and actually went down slightly (basement unit). Deals are out there, just keep looking. My building in West LA had a studio (tiny) for 1095 a month so go figure. We are 10 mins from the beach.
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Old 12-13-2017, 09:10 AM
 
Location: Denver CO
24,201 posts, read 19,279,383 times
Reputation: 38273
I'm still trying to figure out where all of those houses within 1/10th of a mile of a dispensary are. Because I'm certainly not seeing them when I drive along East Colfax Ave every day, which is pretty much the epicenter of where the dispensaries are located.
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Old 12-13-2017, 01:02 PM
 
26,261 posts, read 49,168,003 times
Reputation: 31856
Quote:
Originally Posted by N610DL View Post
I had a one bedroom railroad style apt in Cap Hill that I got on Craigslist for $1095 a month and actually went down slightly (basement unit). Deals are out there, just keep looking. My building in West LA had a studio (tiny) for 1095 a month so go figure. We are 10 mins from the beach.
I need to ask, what is a "railroad style" apartment? Never heard that term before. TIA
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