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[quote=flu]Maybe you’re asking too much?[/quote]Yep, there’s a price for every property. If you’re not getting any interest, then that just mean you’re pricing it too high.

[an]

[quote=rockingtime]Here is my take: The reasons for bust is always different every time but the boom/bust is always the same

Been following this forum for long time, It is amusing to see the folks here who used to say 8 years back that it is not different this time are now saying it is different this time.[/quote]Every boom/bust reasons and timing and severity is different. To say boom/bust is always the same is like saying when you flip a coin, you’ll get a head.

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[quote=rockingtime]It’s truly different this time ;-)[/quote]It truly is different this time. It has always been different every single time, so no point is expecting it to be the same.

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[quote=flu][quote=all][quote=AN]No, their problem is not unique and I saw it coming. What’s unique is Steve Mollenkopf’s leadership. When he took over, I felt that this would happen, but wasn’t expecting it to happen this quick and this drastic.[/quote]

Good thing Q did not let M$ steal him.[/quote]

I’m not really sure if Steve is leading Qualcomm in the right direction. It seems like they are exclusively trying to focus on chip and patent….Exclusively on chip is going to be really tough because the edge that Qualcomm had is getting smaller by the day…And Q won’t win a battle against the asian companies when it comes to competing on cost alone. And with the way the industry is heading, the asian companies have caught up. MediaTek is getting really close, and Samsung’s Exynos is gaining much more weight. Samsung also has their own LTE modem in the ATT S6 phones shipped here, which is remarkable, considering how fast Samsung was able to get their LTE modem into a tier 1 customer for the U.S. And MediaTek is now in a a few phones in the U.S. now, specifcally the phones from Alcatel that Tmobile offers ($100 android smart phones)

Product differentiation is getting increasingly difficult for Q, and unfortunately, there doesn’t seem to be something significant in the near term to drive growth moving forward. For example, not much going on wrto 5G

The problem is that Qualcomm has done such a great job destroying competition in the past, that there are no other significant employers here that can easily absorb some of the employees with specialized skillset. The choices are Intel (which is in lockdown/cost cutting mode too) and Broadcom (which just exited the LTE business, and just got acquired by a company).

It looks like the asian companies are now dishing out the pain to the Q.

What I found really frightening for engineering minds is that in that restructuring plan presented, if you look at the presentation, all it has are financial and wall street metrics that they want to hit. Almost no information/direction on technological innovation that they plan on doing… If this was a presentation done by Irwin Jacobs, it would have looked drastically different, with the presentation completely on innovation and next generation things. I think the business/wall street folks have finally settled in at Qualcomm, and it’s no longer going to be engineering focused as it once was… And that sucks for engineers.[/quote]
I think all was being sarcastic. But I agree with your statement. Which is why I said I saw this coming a year and a half ago. Like you said, Android is a race to bottom and MediaTek is king in that market. Samsung and Apple use their own chip. I feel like if Microsoft is successful with Continuum and Windows 10, that might change the high end phone landscape as well, especially if the allow Intel powered smartphone to run win32 app. In the landscape I see 5 years from now, I don’t see a big spot for QCOM to dominate like they have been.

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[quote=flu]I don’t think Q’s problem though are unique to Q. Every chip company in the U.S. is getting squeezed. Q’s fall might just feel like it’s a bigger deal, because up until recent times, Q has been pretty much immune to the pricing pressure from increased competition, and so for the majority of the times that every other chip company was fighting for a piece of the pie, Q breezed through those rough waters. I guess it also has finally caught up Q as it already existed in every other semi company in the U.S.[/quote]No, their problem is not unique and I saw it coming. What’s unique is Steve Mollenkopf’s leadership. When he took over, I felt that this would happen, but wasn’t expecting it to happen this quick and this drastic.

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[quote=ltsdd]15% cut….sounds like Q is in self-preservation mode. In conference call, there’s not much substance as to how it plan to grow. It’s mostly about cost reduction. Doesn’t sound like a solid strategy to right the ship. The reduction in bonuses/RSU for a total of $300 mil is going to hurt.[/quote]
I called this a year and a half ago when Paul stepped down. Sad that I’m right but not surprising.

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[quote=spdrun]Not all loans are GSE-backed…[/quote]Right, but 90+% are, especially around 2011/2012. Which is why I asked which bank he uses.

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[quote=rockingtime]I paid whatever lender asked me to put down so that I get approved for the loan
It’s not about % but about able to afford the two mortgages at a given time[/quote]I see, in another word, what you’re saying is, as long as your DTI ratio is <43%, you'll be fine. Also, don't you mean 3 mortgages? Unless you paid cash for one of them, where that one wouldn't increase your DTI ratio.

Also, which bank did you use that allow you to use rental income from a rental that you just acquired w/in a year? The lenders I've worked with all said I have to be a landlord at least 2 years before I can use 75% my rental income as income.

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My sources tells me that although QCOM is laying off, they’re also hiring as well. So, maybe it’ll be net 0. We’ll never know.

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[quote=rockingtime]This may be the case but I put down a bunch of money and had quite a bit of equity from other properties.
I didnt encounter a case where I had to show long history of rental income..
this basically helped..[/quote]What would be considered a bunch of money? 20%,40%,60%? I didn’t know that % down matter.

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[quote=rockingtime]The second house mortgage was pain as the other house I am living in won’t have any rental income.

It is not easy to get mortgage for second house unless you can show you can afford both the houses at the same time.[/quote]If that’s the case, how do you get your 3rd mortgage? Would it be nearly impossible? What did you have to do to get them to give you your 3rd mortgage? This is assuming that you’ve mortgaged both of your investment properties.

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SR=Scripps Ranch

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A friend of mine who knows someone at the VP level there and is confirming that a layoff is in the works. Who and where is to be determined.

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[quote=spdrun]And that’s exactly why I’m rooting for it. The interim period where everyone is running scared will be one of opportunity for everyone else :)[/quote]You don’t get it. What I’m saying is, the Chinese nationals who are buying places like CV, Malabu, SF, NYC, etc. won’t be running scared. They will just sell their Chinese stocks and buy even more US RE. So, no opportunity for you. You don’t play in their league.

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If the 2008 crash teach me anything, the rich are the ones who will benefit most from big crashes. They’re also the one who are buying CV houses, so spdrun, I funny why you’re rooting for deeper crash when it allow the wealthy to have an even better opportunity to get even wealthier.

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