(Google is doing lay offs in CA with no relocation offers). 2.

Layoffs beget layoffs. 

Of course, the major incidents end up creating layoff situations and that is when the transience really hits hard.

Falling oil prices are starting to cause layoffs.  

I wanted to steer clear of STR because all the AirBnB laws keep changing, and with economic slow down and layoffs in tech sectors which is an area of extreme disposable income to travel etc, it just feels like the wrong time for me personally to invest in an area where discretionary travel is likely to be the first to go from people's budgets as they tighten their household budgets.

I wish I had had mentors back then because I probably would have made a better decision at that time.I left LA in 2010 after a series of short, high-stress jobs and the 2nd set of layoffs I experienced in a 2 year timeframe  -- the first one occurring at the beginning of 2009 during the global financial crisis, the second one occurring a year later at a very well-known media/tech company that has since shuttered.

Some speculate that the next 3-6 months will be full of layoffs as firms "right size" their businesses.

Conventional wisdom and layoffs at Apple.

Exiting tenants cited layoffs.  

Going into the summer months (and mass layoffs haven't begun yet), you could dump it, stay liquid and wait and see if opportunities crop up.