To wait or not to wait?

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Buying_a_house_IHB

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Hi all,



I am new to this forum. I just found out about this from Google.



Anyways, I am looking into buying a small house in Irvine or Tustin Ranch. I've been watching the house prices in OC and most of the surrounded cities have seen prices depreciated 20 to 30% but not Irvine, Hungtinton Beach, Newport Beach.

What is the reason for this?



Should I continue to wait?



My budget price is about 550k. Which area in irvine would you recommend?



Thanks
 
[quote author="Buying_a_house" date=1209269673]Hi all,



I am new to this forum. I just found out about this from Google.



Anyways, I am looking into buying a small house in Irvine or Tustin Ranch. I've been watching the house prices in OC and most of the surrounded cities have seen prices depreciated 20 to 30% but not Irvine, Hungtinton Beach, Newport Beach.

What is the reason for this?



Should I continue to wait?



My budget price is about 550k. Which area in irvine would you recommend?



Thanks</blockquote>


Wait. 550 will get you quite a bit in a year. Find a nice rental and watch.
 
[quote author="graphrix" date=1209269959]A new name, and new email is not going to change who you are and where you are posting from. What? No AViTAR this time?</blockquote>
???
 
[quote author="graphrix" date=1209269959]A new name, and new email is not going to change who you are and where you are posting from. What? No AViTAR this time?</blockquote>
Ban by IP address, the comedic value is rapidly being outpaced by the annoyance factor.
 
[quote author="IrvineRealtor" date=1209372365][quote author="GrewUpInIrvine" date=1209356794]I'm just glad that I didn't get labeled as a troll!</blockquote>


The day isn't over yet.</blockquote>


Very funny. Very funny.
 
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