If it's out of state rentals that you own, then your mentality re: the current market here in Irvine makes sense then. You are still trying to get into a house here, but renting in Irvine.
It's just simple human nature that the naysayers and the negative talkers re: the market are ones that are trying to get "in" the housing market. And the ones that are the cheerleaders, and the positive thinkers are the ones that are currently home owners. It's just simple human nature to defend whatever position you have. No harm in that.
I agree with the former post though, if you are trying to get in or hope for a market crash, GL with that plan, as it will never happen. Market corrections and minor price adjustments may, but a full on crash is a pipe dream. If you are buying to hold and stay, then you can't go wrong. Timing real estate markets is an impossible feat, and no one can predict anything.
Have you guys ever played the telephone game? One person whispers something to the next person and so on and so on. By the end of the chain, what the original person said is completely different from what the last person said. The point Im trying to make is that I never said the market is going to crash. All I said is that the house is overpriced. I gave very good reasons why. I realize you guys try to portray me as having an extreme point of view because I dont agree with your opinions, but really? Let me be clear. I never said the market is going to crash. Do I think it will correct in price? Absolutely yes. How much is anyones guess but I do not think this price appreciation is sustainable and in fact as I just mentioned, I think its needs to downward correct. This is not such an extreme view as you guys would like me to have.
You seem to think that you don't have an extreme point of view, but your posts historically show that you have posted, ad nauseam, the same repeated statements re: the Irvine home prices being too high. This has nothing to do with a telephone game, it's right there in your post history. Almost every single comment that has ever been made as been extremely negative & pessimistic toward the overall housing in Irvine, and the theme is, everything is overpriced according to you.
It's fine to have an opinion on the market, but a lot of it seems extremely biased toward wanting the market to correct itself so you can get in.
I dont deny saying that prices are too high in my opinion, since thats exactly what I said. What I never said (which you constantly accuse me of) is that prices are going to crash. Two really different ideas. So if you were to actually quote me right, then I wouldnt have a problem. However you wont do so because it doesnt really support your argument.
BTW you started this rant with me simply because I answered a question asked by someone regarding whether a particular house was overpriced...