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I didn’t buy anything related to the discounts both places were running.

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[quote=rockingtime]It’s all educated guess so far.

I have 2 SFRs in SR and they are small homes.
I usually prefer high quality residents and may even lower the rent for them.

I bought them in 2011/2012 and thinking about selling them off. I am + cash flow but not a lot. My tenants usually stay with me for years.

If you are targeting QCOM employees, Mira Mesa is a hot area with improving school district rating year over year.
Penasquitos is OK, SR is better but I think Mira Mesa is best

I’d wait for next correction to happen and buy in Mira mesa, an area I like most. Most of the blue collar people are getting pushed out of Mira Mesa as they are gradually cashing out and are filled in with qualified professionals..[/quote]

Cool. Thanks for the info.. Dumb questions. What is SR stand for?

2011/2012 was a good time to buy. Did you pick them up at the courthouse, or were these traditional sales that were available at retail? I was looking in 2011/2012 too, and never bothered to pick up stuff at the courthouse because of my inexperience. Was just curious how you scored these homes…

[Coronita]

[quote=rockingtime]the co has been doing performance based lay offs for last 1 year or so in an aggressive manner.
the company’s india office has grown drastically in the last 5 years.. from 1K to 9K head count.
[/quote]

Yeah, well join the club…Every company that has an office offshore is expanding there. Particularly chip companies. Because chip companies are entering a stage of competing on cost and cost alone.

Like I said on the other thread, if you’re a software engineer that was working in the chip industry, get out…now…There’s much better opportunity elsewhere, and you aren’t going to make it as a software engineer in a chip company, because you are considered overhead.

[quote]
of course when you do large acquisition, you need to reduce redundancy and that’d happen for sure… keeping cost in mind
my tenants are qcom employes and they wanted to buy houses ins d, but put that off for next few years as there is very little mobility in sd when it comes to sd
my previous tenant lost his job in qcom n had to relocate to bay are.
bay area is good for software jobs, but for rf engineers, it is stll a struggle..[/quote]

My point was the bulk of these acquisitions happened outside of SD, as none of these companies are HQ’d here. There will be some fat trimming in SD, but imho layoffs locally are being overly exaggerated. That also includes overhead roles (marketing/sales/HR/support staff, etc).

Disclosure: I know nothing about what’s going on over there. Just speculating….So maybe you guys are correct. What I do know is that there seems to be a prevalent paranoia going on. One employer is not going to drastically impact housing prices, particularly since it seems like the other sectors are doing alright.

Unrelated question: if you don’t mind me asking, where is your rental and is it a SFH or attached? …I’m curious as to where it is and how the cash flow on it works out. When did you pick it up?…I’m curious where most of the Q employees live, and was just curious. Was the Q employee that got laidoff the only tenant you’ve had at your rental or have you had other tenants before, also from the Q…How many years did you get out of hime staying there?

Sorry to sound nosy. It’s just I’m trying to understand how the rental market works outside of Sorrento Valley, assuming your place isn’t in Sorrento Valley.

[Coronita]

I don’t know. I think the layoffs (if true) would have to do more with all the acquisitions they’ve made and overlap. Just looking at connectivity, they’ve bought at least 3 decent sized companies with huge overlap, and I’m guessing they must have at least 2 teams internally competing against each other to build similar products.

So I would think the bulk of the cuts will be thin out duplication from it’s CSR and Atheros and Wilocity, etc, etc, etc acquisitions. That’s 3 companies under their roof doing bluetooth, 3 companies under their roof doing wifi, not to mention all the other tiny companies they bought that aren’t even worth mentioning. So most of the cuts, I’m guessing will come out of the other locations such as the Bay Area. And I think the Bay Area job market is so good right now, it’s really not a big deal for those people that are impacted up there.

High end phones might be saturating, but low cost phones have yet to pick up in China. And Q’s in a pretty good position there relative to all the other players (MediaTek is #2, but it’s not even close.) They’ll probably see more margin compression on the low/mid end, but provided they can maintain an edge over MediaTek, I think they aren’t going away anytime soon. The name of the game there is volume.

Also, Q is cash-flushed, so I wouldn’t be surprised if these go on an acquisition spree, particularly in RF components, where the margins are pretty good.

If I were to bet, I’d say the bulk of the cuts are going to be from the acquistions, not in headquarters, and the cuts here in SD probably will be “for performance reasons” (whether that is really true or just to cut people with personality conflicts)

The bigger question I’m wondering is what Avago does it’s recent acquisition, particularly the connectivity group in SD. Oh well, not my concern…

[Coronita]

That said, if you’re a software guy working in a chip company, it’s been a nice long, fun, run these past couple of years. Get out, now. You are now considered overhead. And with each chip company penny pinching while going after those slim margins that keep getting slimmer in Asia (particularly china), it’s not going to end well for you if you stay in the chip industry as a software engineer.

[Coronita]

[quote=kev374]I’m surprised at all these high salaries considering it is extremely difficult to get a job in Software Engineering right now. A friend of mine has been searching for over 2 months in the Bay Area and hasn’t found anything yet. His skills are in Informatica and MicroStrategy. Another one I know is Sr. Java with 15 years and can’t find anything, a hiring manager mentioned that there were 50 resumes from Indian temp workers (who have creatively circumvented H1b laws) on his desk within a day for 1 open position…that’s where this competition is coming from.

http://www.nbcbayarea.com/investigations/Silicon-Valleys-Body-Shop-Secret-280567322.html%5B/quote%5D

For me, I didn’t have too much difficulty switching companies, because I knew some on the hiring management team, and apparently they put in a good word for me, and so I was fast tracked. It took about 1 1/2 weeks from the time I was contacted until an offer was extended. So I’m thankful for that. Things go much easier through the colleague route that’s you’ve worked with in the past versus the traditional way of applying through a recruiter. So, keep your bridges wide open, especially those that recently moved to another company…Because you never know when it might come in handy.

Negotiating a compensation package that came close to what I was previously being compensated was more challenging. That took and additional week, going from a much bigger company with a much higher title down to a much smaller company with a flat structure. Towards the end, it ended up being comparable. What helped the salary negotiations was having opportunities elsewhere in OC on the table, that didn’t think my existing comp package was a problem. Some mentioned they could top it if there was mutual interest. But after that local SD company came close enough to my existing comp package, I stopped looking since overall, the opportunity at the local company seemed better than those that I was looking at OC…and also didn’t have the long commute to OC.

I know a few engineers in Qualcomm SD at the Senior Staff/Manager level, and I think total package included, they were pulling in around $220-30k/year on a W2, in so-so year (well, that could change in the next few weeks 🙁 ). It’s not really “worse” off to be on W2 versus an independent contractor, unless you have been doing contracting a long time and have an established base of customers based on your reputation, who would then be willing to pay you more. If you’re new to the contracting, I would guess you would get lumped in with all the other people offering to it for cheaper. That said, being salaried does suck when it comes to tax time. You can’t write off anything, and probably the worst way to try to build wealth by itself.

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[quote=Hatfield]My sources say something big is about to happen but it’s not clear what yet.[/quote]

Yeah, it seems like all these sources are going from the same layoff rumor website….

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I’ll believe it when I see it. These rumors come and go. I doubt its real because a WARN notice would have already appeared.

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[quote=FlyerInHi]This is a very nice solid building. And they tells you how bad those kids are. They should be on Ritalin or whatever new drugs there are.
In the ghetto, the girl upstairs is much nicer and more polite.

Yes. in practice I’m more conservative. Screw freedom. The cops can do whatever they want to the lowlifes as long as I get to live in my charmed bubble.[/quote]

Looks like age has finally settled in for you :)…

I’m sorry you have to go through this. It sucks, and this could happen to anyone. It’s every neighbor’s and/or landlord’s nightmare.

I don’t know if you’re planning any remodeling. If so, maybe you can explore putting sound deadening material in the ceiling. I’d be curious as to how well that works out, because in certain parts of my house, I’d like to do that because just having the TV on downstairs, I can hear things upstairs…

Plus if you do any remodeling at weird hours, I’m sure that would just make your neighbor thrilled 🙂

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[quote=FlyerInHi]So I met the dad of those 3 little monsters. Another lowlife.
He treatened me with bodily harm if I ever knock on their door again.

I did some research and there is an ordinance against making noise annoying to persons of average sensitivity. I filed a complaint with code enforcement. Let’s see if they send a letter to the landlord.[/quote]

You’re getting old and more conservative Brian… 🙂

Where is this anyway? Seems like it’s in a really bad part of town….I know this sounds extreme, but if you’re +equity after selling cost, have you considered just selling? Your sanity might be worth more.

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[quote=no_such_reality]Smart companies are reshoring to the US. Companies kicking the can down the road trying to eek out margin to keep the C-level bankroll rolling are outsourcing knowing it’ll take 5+ years to fall apart and by then they’re all moving on.

Geez, I’ve gotten cynical.[/quote]

Sounds like…*cough* just about every wireless chip company (the ones that haven’t learned yet)

[Coronita]

What I’m surprised is Walmart hasn’t started significantly outsource yet. Then again, maybe because they are so profitable, they haven’t had a need to (yet). Well, at least in the short term, it’s great money for people that want to work there. Maybe for the next 2-4 years…or longer….

[Coronita]

Walmart is definitely giving amazon a run for its money…

http://finance.yahoo.com/news/amazon-prime-concern-online-blitz-101500332.html

[Coronita]

[quote=joec]I read that if he wins, we’ll have the best looking 1st lady.[/quote]

Yeah, but it’s pretty hard to beat Cristina Fernández de Kirchner, especially if Hillary wins….

[Coronita]

It’s pretty sad this election is probably going to come down to Hillary versus Jeb…..I think Trump is getting deranged….. Must be the old age and senile years hitting him…

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