[quote author="stepping_up" date=1214648604][quote author="kawakonohirukun" date=1214647652][quote author="jriosdds" date=1214646238]Desparate flippers are renting their places out by the night! Almost all condo units and tract homes have restrictions against this.
Click on the 'Irvine" link:
<a href="http://www.vrbo.com/vacation-rentals/usa/california/orange-county#8523">Nightly Rentals</a></blockquote>
If this seriously is really the case...thus part of my frustration and hair pulling <a href="http://www.irvinehousingblog.com/forums/viewthread/2530/">in this post</a>.
It sucks that the people who really want to live in the area and actually build a family in it, and work in the area period have to deal with and compete with those that are in it just for the cash. People are investing in homes like they are stocks or something. ARGH!!!</blockquote>
You're not competing with them... they are desperate and they are going to lose the property and everything they have in it and you are going to be able to pick it up at a nice discount, live it in it affordably and start your family. Why can't you see what a nice position you are in? I do envy you.</blockquote>
Stepping is correct. The flippers are desperate and are going to eat all the speculative run up for you. You will be able to purchase for much less. But, it will require patience. Those without patience today will be the knife catchers of tomorrow.
