{"id":14895,"date":"2011-03-21T10:00:03","date_gmt":"2011-03-21T17:00:03","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=14895"},"modified":"2011-03-21T10:48:49","modified_gmt":"2011-03-21T17:48:49","slug":"t-mobile-sale-to-att-another-hit-to-local-real-estate","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2011\/03\/21\/t-mobile-sale-to-att-another-hit-to-local-real-estate\/","title":{"rendered":"T-Mobile Sale to AT&T: Another Hit to Local Real Estate?"},"content":{"rendered":"

As you have no doubt read or heard by now, news broke yesterday that T-Mobile’s German parent company Deutsche Telecom will sell T-Mobile USA to AT&T for $39B<\/a>.<\/p>\n

While I’m certainly not enthused about what this will mean for my cell phone bill and customer service, my bigger concern is all the well-paid jobs in Factoria that may become redundant once the merger is complete.<\/p>\n

I have a particularly personal connection to the Magenta Monster, as a number of my friends from college work there, and about a year ago I nearly got a job there myself. Considering that their headquarters spans at least six large buildings in Factoria, I think it’s safe to say that it’s not just a story that interests me. There are a lot of good jobs that are going to be affected by this acquisition.<\/p>\n

\"T-Mobile<\/a>
T-Mobile Headquarters in Factoria via Bing Maps<\/a><\/div>\n

I spoke with a T-Mobile manager who has been shopping for a home about how this news affects his homebuying timeline.<\/p>\n

We have better than 20% saved and were looking to buy this fall, but now that won’t happen until I have a solid future with AT&T or somewhere else. There will certainly be workforce reductions at some point, but none of us have any idea how much.<\/p><\/blockquote>\n

Things will work out just fine for those who haven’t bought yet, but I imagine it might be a little more tight for those who already own if they find out that they’re going to need to sell.<\/p>\n

All-in-all, I see this news as another hit to the Seattle-area housing market. Not a huge factor, but not a negligible one, either.<\/p>\n","protected":false},"excerpt":{"rendered":"

As you have no doubt read or heard by now, news broke yesterday that T-Mobile’s German parent company Deutsche Telecom will sell T-Mobile USA to AT&T for $39B. 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