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Thank you all - great input, it's very appreciated. All points to +12 months of renting and we are fine with that. We felt a bit pressured to purchase quickly due to almost certain interest rate hike and steady upward price creep (what do you guys think about this?), given the feedback we...

Thanks qwerty! I'll look into Costa Mesa. We should be able to come up with up to 250K for a down payment, that'd drain all liquidity though. As we researched the area we noticed that Irvine had strong focus on academics, we did not get the same feeling about Newport-Mesa (we might be off here...

Hello All, Need an advice/opinion, I?d appreciate if you take a look at the question. I am trying to figure out the strategy on where to live and what/how to buy here in Irvine. We will be moving into an apartment complex in Turtle Rock in June, we took a short 3 month lease on a town house...