[quote=ltsdd]I doubt very much that this layoff at Q will have any detectable impact on the housing market in SD.[/quote]
catching up on some newspapers and thought I’d drop in and see what others thought about qcom news of this past week
a few weeks ago went to a lunch meeting to be “enlighten” about tax benefits of net-triple-leases, and Delaware statutory trusts for individuals with real estate holdings.
the take away I got from talking to various speakers is there is lots of equity/money from the boomer generation that looking for place to be invested/sheltered.
IMHO the magnitude of equity/money from the boomer generation combined w/ the fed and other central banks around the world printing $$$ combined with relative affordability of housing here in the USA
are the dominant factors for rising prices (here in the USA) of prime real estate (for the time being)
the reason I have this feeling is because last week listened to a pod cast on this american life about a seemingly unrelated topic about a joint GM and Toyota auto plant (in the bay area)
looking at the big picture, we americans have become too insulated w/ business as usual and don’t understand the big picture
for example here in California, most people in cities just pay lip service to the drought
yesterday for example was in la jolla visiting family and the big concern was only watering the grass before 10AM while in the mean time ground water levels in the central valley have dropped 200 feet in the past few years
personally I see BIG trouble ahead with too many issues being kicked down the road hoping somehow problems will somehow fix itself
like too much unproductive workforce at qcom given global market forces, GM ignoring for too long the bad build quality of their auto (as described in the pod cast I listened to last week), issues with using ground water to support an unsustainable water intensive landscaping lifestyle/economy
I don’t think its wise to ignore all these various problems (if your goal is to survive)
Give ya a personal example, just happens one neighbor is a lawyer who had the “crow” case which sadly involved a homicide of a 12 year old girl and touched upon section 1983 (civil rights law)
Basically the case involved section 1983 (a “civil rights” violation which might be applicable to an “issue” I inherited) because in that case was told after the “police interviewed a witness in prison and then, because they didn’t like what the witness said, tried to bury the report.”
Looking back one of the only things my six figures in legal bills got me was the engineers report (which I only got when I was sued for quiet title and the significants of which was pointed out to me not too long ago)
See the highlighted comment to the city:
“I understand from the property owner that the sewer line will be deactivated and rerouted within a 3 month period and that this issue will ultimately be moot”
Have a feeling that all along the city and the owner of the property were trying to cover their backside from what the data points to is a way to game the tax system (by classifying a property as “historic”)
Sadly I’ve learned the hard way that this city is basically very corrupt/mis-managed and there is no incentive to be honest at try and take care of problems when they are small and thus should be more manageable
Looking at the bigger picture, news of layoffs at Q this past week (and even existing RE prices in the local market which are too often unaffordable by too many living in the area) are just a symptoms of a global system that is way out of balance
