SAIC – effect on housing

[werewolf34]

I understand that SAIC is moving most of its employees out of SD. I am wondering if this will create pricing pressure and opportunity in certain neighborhoods.

Where do the middle level SAIC employees tend to live? I would guess off the 805 (but I am just guessing)

Will we see panic selling like in the early 90’s?

[creechrr]

I would suspect little to no affect. SAIC has been moving jobs out of state for years. This last round is primarily the handful of bigwigs at or near the top.

Most of the worker bee jobs are going to the South/South East; Florida and Alabama. Their IT support operations moved to Florida earlier this year (March, I think). There will be some support staff left here but, not the large numbers that once were.

If the local job loss hasn’t had a major affect on housing prices yet, I doubt it will.

For those of us that would like to purchase, SAIC isn’t our problem. The government’s intervention IS.

1. Foreclosure moratoriums

2. Fed – $8,000 tax credit to purchase

3. State – $10,000 tax credit to purchase new

4. Artificially low interest rates

5. TARP – Let’s give failing enterprises money so that they can contiue to fail at a new level of failure.

6. Hope Now – Hey, let’s rework your mortgage on that house you can’t really afford and make you into what is essentially a life long renter.

The USS Fail Boat setting sail for a port near you.

Yes, I’m a little $&^#ing bitter.

[creechrr]

I would suspect little to no affect. SAIC has been moving jobs out of state for years. This last round is primarily the handful of bigwigs at or near the top.

Most of the worker bee jobs are going to the South/South East; Florida and Alabama. Their IT support operations moved to Florida earlier this year (March, I think). There will be some support staff left here but, not the large numbers that once were.

If the local job loss hasn’t had a major affect on housing prices yet, I doubt it will.

For those of us that would like to purchase, SAIC isn’t our problem. The government’s intervention IS.

1. Foreclosure moratoriums

2. Fed – $8,000 tax credit to purchase

3. State – $10,000 tax credit to purchase new

4. Artificially low interest rates

5. TARP – Let’s give failing enterprises money so that they can contiue to fail at a new level of failure.

6. Hope Now – Hey, let’s rework your mortgage on that house you can’t really afford and make you into what is essentially a life long renter.

The USS Fail Boat setting sail for a port near you.

Yes, I’m a little $&^#ing bitter.

[creechrr]

I would suspect little to no affect. SAIC has been moving jobs out of state for years. This last round is primarily the handful of bigwigs at or near the top.

Most of the worker bee jobs are going to the South/South East; Florida and Alabama. Their IT support operations moved to Florida earlier this year (March, I think). There will be some support staff left here but, not the large numbers that once were.

If the local job loss hasn’t had a major affect on housing prices yet, I doubt it will.

For those of us that would like to purchase, SAIC isn’t our problem. The government’s intervention IS.

1. Foreclosure moratoriums

2. Fed – $8,000 tax credit to purchase

3. State – $10,000 tax credit to purchase new

4. Artificially low interest rates

5. TARP – Let’s give failing enterprises money so that they can contiue to fail at a new level of failure.

6. Hope Now – Hey, let’s rework your mortgage on that house you can’t really afford and make you into what is essentially a life long renter.

The USS Fail Boat setting sail for a port near you.

Yes, I’m a little $&^#ing bitter.

[creechrr]

I would suspect little to no affect. SAIC has been moving jobs out of state for years. This last round is primarily the handful of bigwigs at or near the top.

Most of the worker bee jobs are going to the South/South East; Florida and Alabama. Their IT support operations moved to Florida earlier this year (March, I think). There will be some support staff left here but, not the large numbers that once were.

If the local job loss hasn’t had a major affect on housing prices yet, I doubt it will.

For those of us that would like to purchase, SAIC isn’t our problem. The government’s intervention IS.

1. Foreclosure moratoriums

2. Fed – $8,000 tax credit to purchase

3. State – $10,000 tax credit to purchase new

4. Artificially low interest rates

5. TARP – Let’s give failing enterprises money so that they can contiue to fail at a new level of failure.

6. Hope Now – Hey, let’s rework your mortgage on that house you can’t really afford and make you into what is essentially a life long renter.

The USS Fail Boat setting sail for a port near you.

Yes, I’m a little $&^#ing bitter.

[creechrr]

I would suspect little to no affect. SAIC has been moving jobs out of state for years. This last round is primarily the handful of bigwigs at or near the top.

Most of the worker bee jobs are going to the South/South East; Florida and Alabama. Their IT support operations moved to Florida earlier this year (March, I think). There will be some support staff left here but, not the large numbers that once were.

If the local job loss hasn’t had a major affect on housing prices yet, I doubt it will.

For those of us that would like to purchase, SAIC isn’t our problem. The government’s intervention IS.

1. Foreclosure moratoriums

2. Fed – $8,000 tax credit to purchase

3. State – $10,000 tax credit to purchase new

4. Artificially low interest rates

5. TARP – Let’s give failing enterprises money so that they can contiue to fail at a new level of failure.

6. Hope Now – Hey, let’s rework your mortgage on that house you can’t really afford and make you into what is essentially a life long renter.

The USS Fail Boat setting sail for a port near you.

Yes, I’m a little $&^#ing bitter.

[UCGal]

creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.

[UCGal]

creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.

[UCGal]

creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.

[UCGal]

creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.

[UCGal]

creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.

[creechrr]

[quote=UCGal]creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.[/quote]

One in the same.

We the people by the people tis no more.

——-

I’ve actually eased up on saving. Time to have a little more fun. So far, saving has been a fools game for me. The government can take a lot from me but, they can’t take my memories. I’ll deal with Alzheimer’s when the time comes. Till then party on!

If I wasn’t already married with kid, I’d tell you all to lock up your daughters (28-35 or so, cougars are fun too).

[creechrr]

[quote=UCGal]creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.[/quote]

One in the same.

We the people by the people tis no more.

——-

I’ve actually eased up on saving. Time to have a little more fun. So far, saving has been a fools game for me. The government can take a lot from me but, they can’t take my memories. I’ll deal with Alzheimer’s when the time comes. Till then party on!

If I wasn’t already married with kid, I’d tell you all to lock up your daughters (28-35 or so, cougars are fun too).

[creechrr]

[quote=UCGal]creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.[/quote]

One in the same.

We the people by the people tis no more.

——-

I’ve actually eased up on saving. Time to have a little more fun. So far, saving has been a fools game for me. The government can take a lot from me but, they can’t take my memories. I’ll deal with Alzheimer’s when the time comes. Till then party on!

If I wasn’t already married with kid, I’d tell you all to lock up your daughters (28-35 or so, cougars are fun too).

[creechrr]

[quote=UCGal]creechrr –
Don’t you put any of the blame on the banks that are not moving the NODs through the process to REOs?

It’s not just the government, it’s the banks, too.[/quote]

One in the same.

We the people by the people tis no more.

——-

I’ve actually eased up on saving. Time to have a little more fun. So far, saving has been a fools game for me. The government can take a lot from me but, they can’t take my memories. I’ll deal with Alzheimer’s when the time comes. Till then party on!

If I wasn’t already married with kid, I’d tell you all to lock up your daughters (28-35 or so, cougars are fun too).

[Author]

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