By now several news reports from several sources have confirmed about Qualcomm announcing significant lay-offs (>10% of the workforce, ~4000 employees) and this will likely be confirmed by the company soon enough.
That poses a compelling question for the author of this blog to address — how will this impact the San Diego housing market?
The blog reports that the housing supply is very low (my personal experience as well as a recent buyer after looking for 1.5 years), pushing up prices in the short run. This development is likely to push out some high-income professionals from the market, sell their homes, and move to other locations for work.
I believe the author should analyze and comment on this significant development in the San Diego area.
