Thread regarding Qualcomm Inc. layoffs

Anonymous134864,

No they don't because I was a Senior Staff and so is my spouse. Principal. maybe but it's unlikely you are either Senior Staff or Principal or ever will be...Not to mention, that if you make anywhere north of $200k on a W2 (single) or $250k on a W2(joint), you're be paying roughly 38% taxes combined federal and state (speakling from experience), while as Schedule E with all those deductions can make your rental income effectively $0, even though it really isn't. Of course you don't know, because you don't make $200k+ either on W2 or on a Schedule E. Otherwise, you would already have been familiar with how things are taxed. Like I said, you still make shit (nowhere close to what you say you make) and you still rent (no surprise there)....

A bunch of idiots here. Take this loosers: A high performing Sr Staff or Principal makes easily in Q 280k total compensation /yr. More than your crappy rental income, and without fixing microwaves, dishwashers, and replacing carpets with your brother.

Anonymous134750, wtf would you know about real estate, life long renter?

Real estate markets always peak just before a rate rise. 1 year after the interest rate rise, prices always fall.

Talking about long term average rates are at an all time low for 4 years now. Only can go up.

OP - Moron of the week award

OP: Apply a little common sense! Look at it from a buyer's viewpoint: Right now, most people who are thinking of buying in CV have bought homes before. Even if the realtor and bank promise a 30-day close, they still don't know if rates are going up in September, and the rate usually doesn't lock until the decision is made by the bank to fund. It's going to take about 60 days to close. So yeah, the market will be temporarily a bit softer than it was back in June or July. So instead of having 12 offers on a house you may only get one or two. But who cares, so long as you get something you can live with for it? It's that greed that will do you in....

One thing is for certain, Fed isn't going to raise rates until at least next year...Not after what China just did....So enjoy your 1%CD for much much longer! HA!

Anonymous134496, Ah yes... People like you are the uber bear doomsayers. The ones that believe the world is ending and that everyone is going to get screwed, everyone but you... I just have one question for you... How's that 1%CD and Gold and Silver at peak prices that you bought after listening to Glenn Beck working out for you????Thought so..... HA HA... Just remember one thing, IF the economy crashes, there is always an economic pecking order. If you're at the bottom of the economic food chain (which it sounds like you are), you'll eat shit faster and harder than those higher up at the food chain. In fact, those higher up on the good chain, tend to do a lot better when the economy does crash, because when everyone else is losing their shirt, those higher up on the food chain are enjoy the firesale asset prices....Just like in 2008 when people were losing their home, unemployed, and had barely enough to invest. Those of us that weren't in dire financial stress, were having a field day in cheap asset prices. You on the other hand were still renting, because even when it was the best time to buy, you still couldn't afford to. So, I'm curious. When/if the economy does hit the fan, what makes you think it will be different this time and that you'll be immune to it and be better off than some of the rest of us, despite proof that you weren't last time??? HA! BTW: you clearly don't work for the Q. No way you would have passed the phone screen, let alone the onsite interview.

No one this thread knows anything about finance let alone real estate. Smart money is out. Enjoy the ride down, chumps. The government won't be able to pump it up again this time without causing hyperinflation. In that case, who cares what your house is worth on paper? A loaf of bread will cost $100+. Idiots. Wanna bees. About to find out, the hard way.

Anonymous134429, oh and I never claim I'm the richest one. I don't need to be. I'm happy enough just be be better off than you :)

HA!

Anonymous134429, I just like to make fun of you idiots hoping for a 50+% correction without having a foggiest clue about real estate or real estate investments... But hey, keep hoping for that 50% off after that 50% you were hoping in 2008 that never happened. in most of the better parts of SD...except maybe chula vista, oceanside, el cajon, etc...but then again, maybe homes in those ghetto areas are more appropriate anyway for your price range.

Anonymous134427, Let's get back to the real thing. That you're a liar and claim you make $281k. I guarantee you do not. Not even close. If you did, you wouldn't be having the fascination about home prices while still renting. In fact, you wouldn't be renting. Why do you even care about housing? You'll never be able to afford if you remain in CA, no matter where you are. You haven't been able to afford in the past, you aren't able to afford now, you won't be able to afford in the future, especially if you really are a Q employee about to get axed. And if you aren't and you live in SD, you clearly don't make enough to afford. That's you're reality that one of these days you'll just have to come to terms with.

What's the reality when somebody needs to yell in all caps and assumes they are richer than the rest of the internet?

What's the scale factor for "I own X houses"? 0.25 sounds about right

just temporarily, why not? SD is too overheated compared to better markets.

The nice thing I learned about the internet is that take what someone says "they make" and multiply it by the 0.25 "reality factor".

Maybe you make closer to 28.1k.....That explains why you keep complaining about affordability.

If you make 281k, I have a bridge to rent to you....

you don't make 281k and rent... Nice try though....

281K is shit?

OMG!!! YOU POSTED THIS YESTERDAY BEFORE MODS REMOVED IT!!! OMG... YOU STILL DON'T MAKE SHIT AND STILL CAN'T AFFORD TO HERE OR IN SV!