I want to sell one of my houses and my realtor told me the sooner the better. Does anyone know how the layoffs will affect the housing market in San Diego?
10 replies (most recent on top)
Yes, sell and sell as soon as you can. Anyone that thinks that having this number of high salary people on the street isnt going to affect things are the people that don't understand the first thing about economics, supply and demand, and the amount of money that trickles through the economy with thosands of highly compensated workers. HEED MY WORDS. I am not the best at all investments but I really understand california real estate. Sell now or be doomed.
Certified financial planners won't tell you shit. They will let the tax dog wag your porfolio.. They will do everything for capital gains avoidance at all cost, and leave your portfolio ready for damage due to decreased asset prices. Ive seen this way too many times!!
Selling sooner may or may not be a good idea, depending on location of house, price range, and your personal financial situation. Spend a few hundred bucks and sit down with a Certified Financial Planner, if you aren't good at this sort of thing yourself. One thing I DO know is that your Realtor will always be in favor of selling your house sooner rather than later because he will get his money faster.
Qc alone will not affect sd market, it is too big.
@157961: actually I am worried because I own rentals in SD
The nice thing about not having a mortgage on any of your real estate is that you can watch all the bitter renters continue to financially try to save up to buy their first house while they continue to fund your retirement with their rent checks...
Anonymous156955.. Dont worry. you still won't be able to afford to own....
With fall/winter and tech layoffs, real estate prices are set to go down in SD
Bitter Renter .Stop posting this bullshit on this website. IF you really had any houses that you wanted to see, you wouldn't be seeking advice from this blog section. You'd go over to the real estate blogs like piggington, sdlookup, redfin etc instead of trolling this layoff section trying to get fake real estate advice on you fake real estate you really don't have. Your stupid posts isn't going to make home prices any more affordable for you minimum wage worker types. If you really want to get real estate advice, go to any of those real estate forums.
Prices are starting to cool off
Five houses? The housing market is back to the pre-crash high. Yes sell one of your five houses, the market is going to go down.
QCOM is also going to start moving business units to cheaper parts of the country.