I live in 4s ranch. All my neighbors appear to work at Qualcomm. Worried the market might collapse.
19 replies (most recent on top)
If you are a chinese don't sell! 4S Ranch is the best place in San Diego for your family.
Sell everything and buy bitcoin! This is the best thing to do.
Renters won't want to buy houses due to loss of deductions and it will take longer for them to save up for the down payment. RENTS will rises. TAXES will rise due to loss of all deductions. Possible local recession due to layoffs. One economist predicted 10% price drop in houses in California. Probably does not apply to silicon valley since there are 10 bidders per house up there.
Real estae has been busted many times in socal and it'd happen again
No one knows when but looks like we are closer to the top
Yes please sell
Give your address here and I will buy with cash soon. (Thanks to Bitcoins)
Hey, I live in 4S Ranch, and I am exploring my options right now. If I find a buyer who is willing to pay our asking price (which I have yet to decide), then I will probably sell. We‘re planning to move to the Bay Area.
„Best interest of the shareholders“ is very much open to interpretation.
While a new Qualcomm board could start layoffs, they can't do it to please Broadcom. They can't gun-jump. They still must act in the best interest of shareholders, not Broadcom.
@1jdw Wow, you present a compelling counter-argument!
This guy is a jealous fu(Ker who does not own a single piece of real estate and hates people that do.
Grow up jealousu bit(H
@1wet If Broadcom manages to install a new board, then layoffs can happen long before the deal closes.
1st off, any Broadcom deal closing is a 2019 event. Layoffs might not be until early 2020. There is time if it even happens. Tax reform is hard to say since the House and Senate have different ideas on what should happen to these deductions. Someone said the deductions aren't fair, but both plans include increasing the standard deduction substantially, which will benefit renters.
All deductions should be eliminated. This is not fair to renters.
Correction: $500k in loan amount, not home price. Stupid H1b
The new Tax Bill will prolly affect you much more than group layoffs. The home mortgage deduction is dropping from $1million max to just $500K in home value, and State and local tax deductions from your federal tax may be eliminated. This will impact all home values in CA values at over $500K.
Don't worry guys
yes. you should sell...while there are buyers.
Think 2018 May or 2018 Aug.. when BRCM buys QCOM completely, and fires all fat in QCOM, then its natural that San Diego housing market will be impacted --even if its slightly. If there are external factors such as interest rate hike starting from Dec 2017, and other economic indicators in Jan 2018, then obviously your house will give you less money than what it does now.
On the other hand, if you want to continue living in 4S Ranch, RB, part of San Diego, no matter if you have a job in QCOM or not, then all these things will not matter --just make arrangements for your mortgage and property tax and HOA.. and you are set.
It feels like we are near another peak again, but this could go on another 2-3 years. No one can predict the top. As more time goes on, the risk of a large drop will increase while the potential upside will decrease. Are you ready to live in your car?
What kind of silly question is that? Why would anyone on a jobs layoff board know about future housing markets?