SD real estate never goes down.
Please push down this mantra your throat.
Of course you’d have to forget the bust which happened in last 35 years as that would never happen 🙂
Anyway, for QCOM, looks like this is just the beginning unless they find some another revenue stream which is strong enough to keep expensive head count in SD.
A lot of my friends working in qcom has stopped looking for house as they realize how vulnerable they are in sd when it comes to finding another opportunity.
Just sold one of my rentals booking 40% profit and invested the money in bubblicious stock market which may crash anytime. I want to make money on the momentum not on the value and am already up 20% in last few weeks. Not bad to get couple of hundreds of grands for a click of a button and have steel of a heart:-)
but my gut feeling is: stock market would correct at least in the coming time along with housing.
The lesson is: Party as long as the music is going on but exit before the music stops 🙂
Sorry, not being available a lot on this because of other commitments.
