[quote author="spinderella"]We are really looking to buy a house. I don't know if it could come at a better time or not, but the prices seem to get lower and lower. Not so much in Irvine, but maybe in and around the area.
I think if we wait longer, our money will go all into our rent and it should go into a home.[/quote]
Not sure which cities you have your eye on, but several of my buyers seem to be happy with the sub-$300/sf price tags in Laguna Hills, Laguna Niguel, Anaheim Hills, Yorba Linda, Aliso Viejo, Fullerton, and Serrano Heights (Orange). Plus most of these cities have good schools as well.