I would suspect little to no affect. SAIC has been moving jobs out of state for years. This last round is primarily the handful of bigwigs at or near the top.
Most of the worker bee jobs are going to the South/South East; Florida and Alabama. Their IT support operations moved to Florida earlier this year (March, I think). There will be some support staff left here but, not the large numbers that once were.
If the local job loss hasn’t had a major affect on housing prices yet, I doubt it will.
For those of us that would like to purchase, SAIC isn’t our problem. The government’s intervention IS.
1. Foreclosure moratoriums
2. Fed – $8,000 tax credit to purchase
3. State – $10,000 tax credit to purchase new
4. Artificially low interest rates
5. TARP – Let’s give failing enterprises money so that they can contiue to fail at a new level of failure.
6. Hope Now – Hey, let’s rework your mortgage on that house you can’t really afford and make you into what is essentially a life long renter.
The USS Fail Boat setting sail for a port near you.
