Hi Matthew,

Here's a little story about doctors' income in Anchorage. When we were doing some remodeling work in 2013, we had contractors for plumbing, electrical, etc. Three of them mentioned that they were working on a 12,000+ square foot house on the hillside for a doctor. We figured, makes sense, our guys probably all work together on other jobs, too. But here's the kicker—NOT the same house, NOT the same doctor. These were three different houses, each of 12,000 square feet or more, for three different doctors.

In 2006 or so, we were interviewing floor installers. One invited us to see a floor he was doing in Stuckagain Heights. Massive, massive house. The hardwood floor alone was probably over $75,000. The showstopper was a completely-glassed-in humidor and cigar smoking "club room." 

Who do you suppose was the lucky homeowner?

An anesthesiologist.

That's the free market for you. The doctor makes a mint, the insurance CEO makes a mint, and we can't afford to get sick.