Seattle has many big and high tech companies
The real estateI Seattle was way hotter than san Diego
The real estate prices double in last 6 years
If such a hot market can cool down
Just think what can happen to san Diego
https://www.seattletimes.com/business/real-estate/more-seattle-area-home-sellers-lower-list-prices-as-market-cools-way-down/
Real estate in San Diego is way overvalued now. It would be wise to sell now if you have a good exit strategy in place. Everybody will be wishing they had sold in January when The po0p hits the fan.
Last post makes sense. What will happen when money runs out and no job?
Should I go to India?
OP is correct. 20 is the minimum. There are hundreds of me listings and apartments vacancies around sorrento valley. The worst is yet to come as severance money and unemployment benefits run out.
Armageddon is coming!
Not likely.
SD real estate is driven by overseas Asian investment.
H1-B will take the banana boat back to their lands. Open up rental space for new refugees.
I expect a market-impact, but not from QCOM lay-offs. It's the rent control that will have greatest impact. National City is almost certainly going to implement controls, and it will most likely spread throughout San Diego.
Rising interest rates will also have an impact.
A couple thousand home-owners losing thier jobs at QCOM will have virtually no impact.