[quote=Jim the Realtor]It’s not a nothing-burger, but any negative impact from QCOM layoffs on the local real estate market will be spread out over several years.
Here’s why – any homeowner today has several options to mitigate financial pain, more than ever before:
Those are all interesting points, but, eventually, unless the individuals in question have trust funds or can tap a fully funded retirement, it may be difficult for them to replace their earning power in San Diego. We had a couple of neighbors in RSF who tried to do so during the last downturn, and it did not end well.
If someone chooses to deplete their finances to dangerously low levels, that is their option, but I sincerely hope we are not going to encourage people to avoid their responsibility to make payments on their homes–again.
