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http://www.kagill.com/plaza/index.htm so overpriced, they have to pass the building development on to the consumer 2 mil for a 2nd floor penthouse w/ no view? i guess it costs a lot to live in donald bren's mediterranean-inspired paradise

how about this one : 2314 Watermarke Place Irvine, CA 92612 Price: $369,000 Beds: 1 MLS Number: S471792 Baths: 1.00 Lot Size: 0 sq ft Size: 635 sq ft <strong>Days on Market: 56 (last updated 3/1/2007)</strong> I bet these...

What can you do? Sue? go ahead with the sale?

well vegas actually has the same problem, they had half of the condo tower projects flop before the production stages; its just bad planning all around. developers are banking on 2nd homes i bet, thats the only thing that makes logical sense, +130% inventory stocks will vastly out pace...

What do you expect, its the Bellagio in orange county, you can't get any more overpriced except maybe NYC.

The question is when the downfall will take place, shouldn't people who are creative enough to stretch money a little longer be creative enough to not get an excessive mortgage? I suppose being miserly in the first place isn't exactly creative!

They do have some lower priced condo's coming out, they have open house type events all the time. You should try getting on one of the mailing lists if you are really interested. I would estimate 1 bedroom/1 bath's would start at around $400k and 2 bed/bath's would be around $500k...