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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (33938)	6/21/2005 9:14:38 AM
From: Mike Johnston	Read Replies (3) \| Respond to of 306849

IT guys are not very well off. No wonder, 100K/year will only put you in a tool shed near the freeway. 8K/month before taxes=5K net 5K*50%= $2500 available for housing (includes taxes, ins, utilities)=$350K house biz.yahoo.com Dimming career prospects have been particularly ego-bruising for people who entered the profession during the late '90s, when employers doled out multiple job offers, generous starting salaries, and starting bonuses including stock options and Porsches. "The current situation is getting back to the '70s and '80s, where IT workers were the basement cubicle geeks and they weren't very well off," said Matthew Moran, author of the six-month-old book "Information Technology Career Builder's Toolkit: A Complete Guide to Building Your Information Technology Career in Any Economy." "They were making an honest living but weren't anything more than middle-class people just getting by," Moran said.