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Probably not. And you live where again?

test is probably 60% to 70% at an affordable housing OUTSIDE of Irvine. No wonder he is always mad. He has no money left to go out and have fun, that's why he is always on this forum venting and being grumpy. We should set up a welfare fund for test.

Or both!

Test is one sour grape. Test, were you priced out of Irvine at the early part of 2012 (the market bottom, in case you have a hard time comprehending) with the ultra-low interest rates? If that is the case, I totally understand you being upset. Based on test's comment, it seems he is either...

Every forum has a joker that entertains everyone. test is definitely the joker for this forum. Jokers keep the forum lively. Oh wait! I just remembered another quote. ?A stupid man's report of what a clever man says can never be accurate, because he unconsciously translates what he hears into...

Not sure if they were a cash buyer. Yes, English speaker.

I notice the same thing. Less cash buyers, less bidding wars, prices drops and longer time on the market. I had an opportunity to buy a new house at Agave (Portola Springs) last weekend for cheaper than most resales, but I decided not too. I didnt really like the floor plans and I didnt want...

http://www.redfin.com/CA/Irvine/23-Bijou-92618/home/40022500/crmls-OC13123274 I dont think this is selling anytime soon for $530,000 (Bought 6-21-11 for $390,000)

Your comment reminded me of another quote.... ?Never wrestle with pigs. You both get dirty and the pig likes it.? ? George Bernard Shaw

Good advice.

What is the current inventory?

Good read. http://www.calculatedriskblog.com/2013/06/a-few-comments-on-house-prices-and-new.html ?Today?s Case-Shiller numbers may reflect where the housing market has been in some of the frothier metros, but they are not indicative of where it?s headed. The housing market worm has turned over...

Some more listings with reduced prices in last few days. http://www.redfin.com/CA/Irvine/116-Hedge-Bloom-92618/home/40103056 http://www.redfin.com/CA/Irvine/44-Sparrowhawk-92604/home/4688009 http://www.redfin.com/CA/Irvine/104-Briarwood-92604/unit-118/home/5507379...

http://www.redfin.com/CA/Irvine/3141-Michelson-Dr-92612/unit-1103/home/7211378 Went from $648,888 to $595,000 in 20 days.

Sorry to hear that. Hopefully things get better.

When do you close? Were you able to lock something?

http://www.marketwatch.com/investing/bond/10_year In fact, the 10 year yield touched 2.67.

Interest rates on non-conforming loans ~5%........ 10 Year Yields touched 2.66 today.

This sucks. This is insane! So high so fast. I just feel bad for the buyers of new construction who close in 5-6 months. They probably got quoted monthly payments based on ~3.5%. Imagine the payment shock they will get at ~5%!

test, I would love to respond to your comment, but I cant bring myself to stoop so "low". Reading your comment reminds me of a quote I once read. ?Never argue with an idiot. They will only bring you down to their level and beat you with experience. ? George Carlin"