[quote=flu]QCOM being at a 52 week high surely doesn’t help low prices here….[/quote]

I think CV is driven by the massive medical complex surrounding UCSD. QCOM engineers and even the mid level managers aren’t making the $200-250K it takes to buy in CV. MM is probably more reliant on QCOM health than CV.

The reality is that homes around a high paying job center are always going to be more expensive no matter what kind of shape they are in because there’s always going to be some workaholic that’s willing to pay 50% of his/her gross to be close to work. They don’t do anything other than work so they can afford to budget 50% of gross to housing. Of course highly paid job centers can change.

Who knows what happens with a place like MM. Will QCOM keep hiring $100K a year engineers to buy homes from retired military personal that bought in the 1970’s. Mobile growth appears to be slowing down. QCOM has had lower QoQ earnings every quarter this year.