June foreclosures stats just in… drum roll please..

[University City Renter]

cv2- I work in one of the R&D companies in the area you described. The only R&D people that I know who live in CV (you are correct there are a lot) bought before the boom and have no problem making their mortgage payment. If that extrapolates out to be true of the general population of CV, it may explain why that neighborhood’s home values are not going down as much as others. Also, there are several hospitals close by so you have M.D.’s to buy in CV too.

IMO generally outsourcing’s affect has been minimal so far. A lot of the overseas companies are not very good or absolutely stink. It may become a factor in the future as overseas companies become better. To me what is more of a factor are simply larger companies significantly reducing headcount and/or closing sites. The Ph.D.’s are scared to death and have been for several years now. It is much harder for them to find a job and most would have to move and eat hundreds of thousands of dollars when forced to sell.

[Doofrat]

With regards to Ph.D.’s, they really have to look out when they lose their job whether it’s because of company going belly up, moving, or having a murder…I mean merger. Due to the specialization of many of the areas, the biotech community may be too small in San Diego if you lose your job at the Ph.D. level.
BTW, I lived next door to a doctor (in CV) who was forced to sell (at a profit, but priced way below market for quick sale because of relocation), so the profession doesn’t always matter.

[Doofrat]

With regards to Ph.D.’s, they really have to look out when they lose their job whether it’s because of company going belly up, moving, or having a murder…I mean merger. Due to the specialization of many of the areas, the biotech community may be too small in San Diego if you lose your job at the Ph.D. level.
BTW, I lived next door to a doctor (in CV) who was forced to sell (at a profit, but priced way below market for quick sale because of relocation), so the profession doesn’t always matter.

[Doofrat]

With regards to Ph.D.’s, they really have to look out when they lose their job whether it’s because of company going belly up, moving, or having a murder…I mean merger. Due to the specialization of many of the areas, the biotech community may be too small in San Diego if you lose your job at the Ph.D. level.
BTW, I lived next door to a doctor (in CV) who was forced to sell (at a profit, but priced way below market for quick sale because of relocation), so the profession doesn’t always matter.

[Doofrat]

With regards to Ph.D.’s, they really have to look out when they lose their job whether it’s because of company going belly up, moving, or having a murder…I mean merger. Due to the specialization of many of the areas, the biotech community may be too small in San Diego if you lose your job at the Ph.D. level.
BTW, I lived next door to a doctor (in CV) who was forced to sell (at a profit, but priced way below market for quick sale because of relocation), so the profession doesn’t always matter.

[Doofrat]

With regards to Ph.D.’s, they really have to look out when they lose their job whether it’s because of company going belly up, moving, or having a murder…I mean merger. Due to the specialization of many of the areas, the biotech community may be too small in San Diego if you lose your job at the Ph.D. level.
BTW, I lived next door to a doctor (in CV) who was forced to sell (at a profit, but priced way below market for quick sale because of relocation), so the profession doesn’t always matter.

[capeman]

[quote]Biotech and Pharmaceuticals have major R&D centers in Torrey Pines area and Carmel Valley is their home. However, with oversea outsourcing of R&D going on, they will be greatly affected.

With the likely outcome that Demos sitting in both white house and capitol hill, I think the R&D outsourcing will take up a notch pretty soon.[/quote]

Most folks in biotech like myself got priced out a while ago. The ones who have homes are mostly those who have owned for a while already in areas older than Carmel Valley. High Tech relos would likely do more damage to San Diego RE due to higher pay for engineers IMHO.

[capeman]

[quote]Biotech and Pharmaceuticals have major R&D centers in Torrey Pines area and Carmel Valley is their home. However, with oversea outsourcing of R&D going on, they will be greatly affected.

With the likely outcome that Demos sitting in both white house and capitol hill, I think the R&D outsourcing will take up a notch pretty soon.[/quote]

Most folks in biotech like myself got priced out a while ago. The ones who have homes are mostly those who have owned for a while already in areas older than Carmel Valley. High Tech relos would likely do more damage to San Diego RE due to higher pay for engineers IMHO.

[capeman]

[quote]Biotech and Pharmaceuticals have major R&D centers in Torrey Pines area and Carmel Valley is their home. However, with oversea outsourcing of R&D going on, they will be greatly affected.

With the likely outcome that Demos sitting in both white house and capitol hill, I think the R&D outsourcing will take up a notch pretty soon.[/quote]

Most folks in biotech like myself got priced out a while ago. The ones who have homes are mostly those who have owned for a while already in areas older than Carmel Valley. High Tech relos would likely do more damage to San Diego RE due to higher pay for engineers IMHO.

[capeman]

[quote]Biotech and Pharmaceuticals have major R&D centers in Torrey Pines area and Carmel Valley is their home. However, with oversea outsourcing of R&D going on, they will be greatly affected.

With the likely outcome that Demos sitting in both white house and capitol hill, I think the R&D outsourcing will take up a notch pretty soon.[/quote]

Most folks in biotech like myself got priced out a while ago. The ones who have homes are mostly those who have owned for a while already in areas older than Carmel Valley. High Tech relos would likely do more damage to San Diego RE due to higher pay for engineers IMHO.

[capeman]

[quote]Biotech and Pharmaceuticals have major R&D centers in Torrey Pines area and Carmel Valley is their home. However, with oversea outsourcing of R&D going on, they will be greatly affected.

With the likely outcome that Demos sitting in both white house and capitol hill, I think the R&D outsourcing will take up a notch pretty soon.[/quote]

Most folks in biotech like myself got priced out a while ago. The ones who have homes are mostly those who have owned for a while already in areas older than Carmel Valley. High Tech relos would likely do more damage to San Diego RE due to higher pay for engineers IMHO.

[hugo]

“The foreclosure problem is getting worse and will stay with us well into the next decade,” Mark Zandi, chief economist for Moody’s Economy.com in West Chester, Pennsylvania, said in an interview. “The job market is eroding and homeowners have less equity. Lenders are much less willing to work with you if you’ve got negative equity, and you’re more likely to give up your house if you’re deeply underwater.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=abT98mv4UtNI&refer=home

[hugo]

“The foreclosure problem is getting worse and will stay with us well into the next decade,” Mark Zandi, chief economist for Moody’s Economy.com in West Chester, Pennsylvania, said in an interview. “The job market is eroding and homeowners have less equity. Lenders are much less willing to work with you if you’ve got negative equity, and you’re more likely to give up your house if you’re deeply underwater.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=abT98mv4UtNI&refer=home

[hugo]

“The foreclosure problem is getting worse and will stay with us well into the next decade,” Mark Zandi, chief economist for Moody’s Economy.com in West Chester, Pennsylvania, said in an interview. “The job market is eroding and homeowners have less equity. Lenders are much less willing to work with you if you’ve got negative equity, and you’re more likely to give up your house if you’re deeply underwater.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=abT98mv4UtNI&refer=home

[hugo]

“The foreclosure problem is getting worse and will stay with us well into the next decade,” Mark Zandi, chief economist for Moody’s Economy.com in West Chester, Pennsylvania, said in an interview. “The job market is eroding and homeowners have less equity. Lenders are much less willing to work with you if you’ve got negative equity, and you’re more likely to give up your house if you’re deeply underwater.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=abT98mv4UtNI&refer=home

[Author]

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