A commenter on an earlier post made this request:
"Gussie, maybe you should start a thread on the stampede out of housing in Los Alamos -- as an early indicator of what is going on at the lab?"
I'll start the discussion off with my own observations. The risks of being invested in the Los Alamos housing market are obvious, and will become more so if/when the RIFs start.
Owning in Santa Fe is less risky than Los Alamos because it is not a one-company town. The high end of the Santa Fe market in particular is not as sensitive to the country-wide housing market slowdown because so many wealthy people still want to live in Santa Fe.
It is unclear to me to what extent the slow housing market in Los Alamos is due to LANL's present state, and how much is due to the national economy. What is clear to me is that trying to sell a house in LA will become much more difficult if the FY'08 budget meets its current low expectations.