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Thanks to all of those who took the time to reply. I love this forum. The posters are brilliant folks with differing ideas and I love the debate. I truly believe that housing has a certain emotional component that cannot be quantified from a pure financial/economics perspective. I go back to...

Points well taken. Problem is I'm a numbnut that can still make my payment and don't want to wreck great credit. In a previous thread someone stated that the current lower interest cost is worth something. Oh so true. When I consider buying even at a lower price point and with a 20 percent...

If I sell my current home to move into a cheaper home but closer to work, I will likely lose my entire downpayment due to market correction. In order to buy another home, I would have to come up with 20% down. Therefore, I would incur losses of the previous downpayment and then fork out $ for...

Thanks for the reply. Hopefully those posters will chime in.

No one seems to want to touch my loan underwriting question. I have yet to approach a lender so wanted to field this group. You all have convinced me that prices will continue to fall. I concur. However, I'm looking at this purchase as a final resting spot for me and the family. That said...

I will keep in mind the TCE map as I look at homes to consider and also proximity to the train. May end up commuting into LA hence the interest in MetroLink.

Thanks for the quick and insightful response. Like I said, you guys are fantastic. Curious as to whether I would qualify given today's underwriting standards. Opinons? Currently we have two homes and total property (all inclusive) monthly debt to gross income of 28%. No other debt...

Thanks for the color so far. Is East/West Irvine or North/South better or worst by comparison? It's been almost 15 years since I left the area so obviously alot has changed.

Are there any "bad" areas in Irvine? By this, I don't mean ghetto or rampant crimes. Certainly some neighborhoods are better, or more affluent than others, but is there any areas to steer clear from? Looking for a middle to upper middle class development with proximity to train, hospitals...

My perspective is that you are better off renting for eternity rather than buying. That said, the prospect of having to move when a landlord decides to up rent, or whatever, and uprooting my family is not all that appealing. For people like me, I'd rather pay for the comfort of knowing that I...

Let's face it, true cost of homeownership never really paid for itself.

The Forum is fantastic by the way. A quick question for the many knowledgable posters. Am serious considering buying because of desire to relocate to Irvine. Prices may continue to fall but this is a quality of life move rather than monetary. I can live with further price decline but am not...

<p>Really quick couple of questions for the Forum's advice/response:</p> <p>Would like to spend $500-$600k on a single family home in a good school district in Orange County with accessibility to commute via train to downtown LA. Thanks.</p>

<p>As someone who's worked in both public and private sector, I would say that your job satisfaction quotient depends on what phase you are in your life. Before I had kids, I spent a better part of 10 years working in the municipal sector and 3 years consulting for them. I was restless and...

I have to say that bkshopr's post is fairly accurate. It's no wonder that UCI was nicknamed Univ of Chinese Immigrants. Disclaimer, I am of Asian descent so this is not meant as any sort of racist remarks.

<p>CK, thanks. Since you shared...</p> <p>Me - $95k annual base with 2006 bonus of $35k.</p> <p>Wife - $116k with $10k variable pay.</p>