[quote author="acf"]When inflation inevitably hits in the coming year or so, what's going to happen to irvine home prices. Is it better to put money into a house before inflation? Is cash still king?
[/quote]
Inflation isn't coming until unemployment levels decline significantly...there's too much slack in the economy for inflation to really jump. That being said, I don't see much inflation over the next 2-3 years.