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But none of that matters in TheOC, and Irvine in particular. Because they are "special".

a troll trying to argue that buying at any price is ok if you do funny math regarding the value of appreciation.

I believe that the 1.6M house will drop below $1M within a few years. maybe within a year if the gov't doesn't intervene in the market further.

<img src="http://media.cdn-redfin.com/photo/46/bigphoto/178/U9001178_9_0.jpg" alt="" /> <blockquote>HEY BIG SPENDERS. wouldnt you like to have FUN FUN FUN??. How's about a few laughs laughs???. 1 can show you A good time. In one of the 4 bedrooms that are so fine. With their unique and...

And then there is the whole issue of upkeep. cleaning one of those monsters could take your whole weekend, or you have to hire someone.

I would go with USC and IR2's advice (without really knowing your details) Go to a credit union or local bank, explain the situation, get a 15 year fixed with 20% down. diversify with the rest of your cash into safe investments, like CDs or bonds, or even savings accounts. Then get on...

even if that tustin house was "near" rental parity (and I personally doubt it), that doesn't mean that it won't drop another 25%. oops, there goes your dp. (and don't think that corona or riverside won't drop too, as the wave of price drops reverberates)

me either. i thought hs taught at FV high school!

NYT story today about U6. <a href="http://www.nytimes.com/2009/07/15/business/economy/15leonhardt.html?_r=1&ref=business">Leonhardt on U6</a> 23.5% in OR, 20% in CA. It is amazing to me that 1/4 of the people in CA are not able to get a full-time job, and it barely registers over...

I've read pretty recent study that said right around 50% of 2006 BKs (after the reform law, iirc) were medical.

teaching? with the way the CA budget (as well as many other state's) is, I doubt that there will be many new teachers hired for quite some time. I'm guessing class size is going through the roof over the next three years. of course, the same can be said of most industries, I suppose.

are they worth it to you? you have to compare the fees for similar housing types. condo fees where the hoa maintains the buildings in addition to common amenities are going to be high, no matter the location. the hoa fees for single family houses is where the difference is...