Your Profession in Irvine?

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[quote author="PANDA DREAMING OF IRVINE" date=1211789420]Wondering if anyone knows what percentage of the job market in Irvine is real estate related? 20%, 25%, 30%? 40% Is the Real Estate industry now as predominate as the aerospace industry was back in the early 90's? Thanks in advance.</blockquote>


Well, it is kinda hard to break down the numbers to the specific industries, however finance, insurance, RE sales and leasing, and construction account for 15% of the civilian labor force, whereas only 12% did in 2000.



Now, here is the rub, in 1999 the median household income was $72k, and in 2006 it should be almost 90k, instead it was just over $84k, which means people in Irvine were making less money in real dollar terms.



Another interesting find, is that in 2000 9% were self employed/not incorporated, but in 2006 only 6.7% were self employed/not incorporated. Funny, how the bulls will always cite that the EDD data didn't ask them and all there self-employed friends if they were employed. Maybe they will now, seeing as how there are less to chose from.
 
[quote author="PANDA DREAMING OF IRVINE" date=1211789420]Wondering if anyone knows what percentage of the job market in Irvine is real estate related? 20%, 25%, 30%? 40% Is the Real Estate industry now as predominate as the aerospace industry was back in the early 90's? Thanks in advance.</blockquote>


The job market is now currently 40% Real Estate-related.

<strong>Wait.</strong>

The job market is now currently 39% Real Estate-related.

<strong> Whoops.</strong>

The job market is now currently 38% Real Estate-related.

<strong>Another adjustment.</strong>

The job market is now currently 37% Real Estate-related.





I can't type fast enough to keep up.



<em>P.S. 78% of all statistics are entirely speculation and fabrication.</em>
 
Panda,



Even the census data has both numbers, if you include all households, college students, singles, married couples, families, retirees, then the median is around 84-85K, if you focus just on families then the median jumps to over $100K. Makes sense since families include dual-income households which would drive the median up.



For your breakdown of jobs click <a href="http://factfinder.census.gov/servlet/STTable?ds_name=D&geo_id=16000US0636770&qr_name=ACS_2006_EST_G00_S2407&_lang=en">2006 Irvine Jobs Breakdown by Industry</a>



BG
 
One more link from the census, gawd, I'm a sucker for statistics..



<a href="http://factfinder.census.gov/servlet/STTable?_bm=y&-geo_id=16000US0636770&-qr_name=ACS_2006_EST_G00_S2404&-ds_name=D&-_lang=en&-redoLog=false">Median Earnings by Industry by Full Time workers</a>



The median earnings was a bit surprising, but needed to support the higher medians in irvine vs. national numbers.
 
Bubblegum,



Thanks a lot for the valuable info, I'm a stats freak myself. What you told me would totally make sense.. Take out all the U.C. Irvine students and i'm sure the median will go up to $101k range. Thanks for the clarification.



After those industry links, I guess we don't need this thread anymore?



So, Bubblegum what do you do for a living? Do you sell Bubblegum out of your garage, like Graph who sells Tin Foil Hats out of garage?
 
[quote author="PANDA DREAMING OF IRVINE" date=1211846548]

So, Bubblegum what do you do for a living? Do you sell Bubblegum out of your garage, like Graph who sells Tin Foil Hats out of garage?</blockquote>


I used to sell rose-colored glasses, but no one is buying them. So now I sell rose-blockers, kind of like blu-blockers, but instead shows reality. Buy two get one free plus we thrown in some Realtorese-cancelling headsets for the first 100 callers. (No offense to IR2)



In reality, I help sell enterprise software.



BG
 
[quote author="Bubblegum" date=1211851877]I used to sell rose-colored glasses, but no one is buying them. So now I sell rose-blockers, kind of like blu-blockers, but instead shows reality. Buy two get one free plus we thrown in some Realtorese-cancelling headsets for the first 100 callers. (No offense to IR2)</blockquote>


None taken. But I will cut into your bottom line with this handy-dandy decoder link:



borrowed from <a href="http://collectingtokens.wordpress.com/2008/04/28/decoding-real-estate-listings-a-helpful-glossary/">Collecting Tokens </a>blog



<strong>Glossary of Terms:</strong>

charming: run-down

cozy: cramped

summer breezes: house is drafty, may have windows missing or holes in roof

lovingly decorated: all the carpets are magenta, and there is loud wallpaper in every room

perfect starter home: you?ll want to move out as soon as you can afford better

sunny: no trees or shade of any kind

low-maintenance yard: lawn is paved over

modern kitchen: kitchen done in the Modern style, circa 1960

1 and a half baths: the second bathroom has partially-installed fixtures, or there may be a toilet in the basement

partially finished basement: basement features water-stained shag carpet

homey: house has funky smells, possible from cat urine

Ready to move in!: home has been abandoned

easy access to freeway: next to an on-ramp

excellent cell phone reception: under a cell phone tower

close to amenities: across from a liquor and/or convenience store

friendly, mature neighborhood: may be near a strip club or adult bookstore
 
[quote author="PANDA DREAMING OF IRVINE" date=1211846548]Thanks a lot for the valuable info, I'm a stats freak myself. What you told me would totally make sense.. Take out all the U.C. Irvine students and i'm sure the median will go up to $101k range. Thanks for the clarification.</blockquote>


Kinda difficult to count the UCI students as employed, seeing as how most do not work, or if they do they are part time employees, and wouldn't be counted in the employment numbers because they are not full time employees. Irvine's median household income is around $85k, because a household can be a single person, and a family could not only be just two people, but three or four or five people. Even if some of the students were counted for the median income, it wouldn't shift the data by $15k, it might if it were the average, but this is the median income here.



I like how everyone ignores the fact that more than ever are people paying 35% of their income on their mortgage, in real dollars people are making less, and there are less self-employed people in Irvine. But, Irvine is special... right?
 
I don't know if the exact specifics exist for the amount of people in 'real estate' in Irvine. And what do we count in this category?



Real estate agents of course. Mortgage brokers of course. Loan officers - yes. Appraisers? Home Inspectors? Title officers? Escrow officers? Bank/mortgage shop processors? Underwriters? Clerical people? Telemarketers? Marketing companies that survive almost exclusively off mortgage marketing? Printing companies that survive off of real estate marketing? Property management companies? Construction shops? Professional landscaping companies? LOWE's? HOME DEPOT? Any home upgrade/custom fabrication shops? All of the employees and support people for any of the above business types? Most of the above are going to be off-the-books pure 1099 employees - they won't be accurately counted anywhere. Only one thing is certain - Irvine is ground zero for the real estate businesses - we have more people in it up to their necks than anywhere else.



As goes real estate, so goes the TRUE median income (and wealth) of Irvine.
 
<span style="color: purple;"><span style="font-size: 13px;">My company also produces tin foil hats. We are a competitor with graph's enterprise. He produces

small batches of artisan hats, whereas we churn out a greater number of hats. The demand has

been increasing as of late. We've also added a line of hats for pets.</span></span>



<img src="http://gizmodo.com/assets/resources/2007/11/cat-in-tin-foil-hat.jpg" alt="" />
 
i am the HOUSING CAT -- <em>CCR Enforcer</em> (tm).



<img src="http://i30.tinypic.com/nn45jn.jpg" alt="" />



just try leaving your trash cans out an extra day... i dare you.
 
I have been salivating in getting restraint by your pink handcuffs for quite sometime now!



[quote author="Trooper" date=1211796612]Well, based on my avatar you should be able to figure out what I do....I'm a domanitrix. :coolsmirk:</blockquote>
 
I study people who eat shrimp paste!! I then write reports and sell them to the "foreign devils". When the foreign devils read my reports during the 1850's they introduced opiums and monopolized the market. LV and Lexus have replaced the opiums in todays market.
 
"we do not teach our secrets to the gwai lo! you are ordered to stop teaching them or we will settle this... by combat!"



dragon: bruce lee story
 
<blockquote>?we do not teach our secrets to the gwai lo! you are ordered to stop teaching them or we will settle this? by combat!?

dragon: bruce lee story </blockquote>
We need a LOL Button. :lol:
 
Ok then. My avatar should give it away. I am a professional UNA-Bomber.



[quote author="acpme" date=1211932911]"we do not teach our secrets to the gwai lo! you are ordered to stop teaching them or we will settle this... by combat!"



dragon: bruce lee story</blockquote>
 
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