San Diego Housing Bubble News and Analysis

$53/share is not an all time high. All time high is around $92 in December 2000. :)

Your standard lines are still true though.

Most of the money will be going home to India?

This is just tangentially related, but ... is it true that the number one factor that determines whether a woman buys a cell phone is whether it has a mirror?

yeah.. that phone is stupid, I'm wondering if it's going to sell.. I don't think so..

As far as QCOM saving RE, I don't think so.. my wife has been working there for a while, and the stock was at 53 just a few months ago.. not much has changed. She could cash out some stocks that we have but we aren't cashing out. A lot of people were happy though about getting the Nokia monkey off of our back.. but the stock hasn't really shot up.. just in the news it has.

Now.. if it hits 90 again.. yeah.. we'll cash out and exercise our options ;)

I don't think it's a big hit though..

Most of the money will be going home to India?

huh?
Are most qcom investors from India? Or is the investor money coming from New York?

I think he's talking about the workers cashing in their options and employee stock plans etc.. since a lot of employees at QCOM are indian

ibjames is right. I thought flu's original post implied that qc workers are going to be buying homes because their stock went up. No?

I'm implying just that with more disposable income, that those bimmers, pardee overpriced crap, etc isn't probably going to be going anywhere soon.

I see. Well, as we both know stocks go up and stocks come down...

It may help a little bit in stabilizing the market at north county. It is really a minor factor when the price of a house is 600K and up.

Yeah, I don't think it's a major factor but then again I don't think poor profit earnings should trigger a market rally and yet it happens regularly...

Ah, I miss the days where types like Warren Buffet could actually read the financials of a company and play the fundamentals. Today, the financials are most likely skewed or plain false, and stocks rally or retreat on the most irrelevant data... It really is gambling! What times we live in.

That's too funny...

Feel your pain, flu. If not for QC, the RE market would be reasonable, and you could upgrade to a more acceptable craptacular stucco box.

Me and the wif, we're just looking to get out of mini-storage. Not much ventilation when they roll the door down at night... <ha,ha>

Stopped by 4S today. There is one development sold out 8 existing homes recently, and the sales agent told me 5 buyers out of 8 are from QC. What a surprise to me! The similar story happens, not with such large percentage though, for all other 4S developments and CV developments.

With the QC stock price rised >20% last week, and even more potential in the future. More and more QC employees become first-time home buyers and invest for 2nd home. So for QC employee favored areas, mainly in north county (i.e. CV, 4S, RP, RB etc.), the population of QC employee and QC stock play an important role for housing market.

QCOM highest price since May 2000. Expect pullback since so far above 50 and 200 EMA. If I had bought a lot more shares in 2002 under 15, I coulda had that house on the La Jolla hills.

Looking out for love
In the night so still
Oh Ill build you a kingdom
In that house on the hill