Back to the OP, I’ve posted before here than I don’t think QC layoffs will affect the local RE market. Mostly because I feel most of the laid off employees will be the least senior (currently renters) or the most senior (forced into retirement). The employees forced into retirement likely bought their SD County residence 15-30 years ago (or even earlier). They’re just going to retire and go on about their business and maybe teach at CC, SDSU or UC extension or consult, etc for pocket change. This group will be fine.
Also, the QC employee base is spread out all over the county. Many of the employees who were already established in SD prior to being hired by QC never moved to be closer to work and stayed in their “home turf” areas where the bulk of their families reside and commuted to work every day.
I don’t even feel that MM or CarmelV RE markets will be affected by the layoffs. Perhaps some apt complexes may have to find some new tenants because those recent hires who got laid off had to relocate for new jobs. But that will be the extent of it.
These layoffs are a drop in the bucket compared to what happened in the mid-nineties in SD with the mass layoffs within the local corporations which were part of the military industrial complex.
