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<p>I would love to wait till 2009 or 2010 but my wife gave me a heard deadline - December 2008. She has read through the blogs and understands that housing will fall. However, she just doesn't want to raise a family in rented housing with the hassle of having to move. She moved around a lot...

<p>There will always be something bad, ugly, dangerous, etc near every development. I honestly can't believe how much importance people are giving about the landfill being nearby and about health issues. I can understand if the sight of trash trucks coming by bothered people but I doubt there...

<p>This is interesting. I have been visiting IAC communities and many are offering specials due to high vacancies.</p>

<p>NIR - how does answering any of those questions help you in evaluating raymond's situation? I imagine you would need to understand his financial situation like gross income, taxes he currently pays, etc to see if he can truly buy his dream home now. </p>

<p>NIR - great feedback. I never really thought about interviewing agents. At this point, we have pretty much narrowed in to what we want but will keep your tips in mind for the future. </p>

<p>Interesting point NIR. My wife and I are both very credit worthy (high 700's) and both working professionals so that isn't our reason. </p> <p>Frankly, we wouldn't mind using an agent to show us some rentals but we would like an agent who actually cares to show us properties and has no...

<p>Axsuul - I am going through this exact same situation. My wife got a job in the technology area behind UCI and we want to move closer to her work. Outside of Craigslist, I tried the pennysaver and classifieds in OC Register. Unfortunately, both proved to be a waste of my time. Many of the...

<p>We keep hearing that 20% of the jobs in OC are in RE or connected to RE. As RE falls, so do these jobs and we are in the same unemployment boat as in the 90s. However, these days, I am not sure if this is really the case. That is, we might not have a huge unemployment problem and our local...

<p>All the calculations above indicate renting something smaller than the townhome you would have bought. I bet you can rent a very similar property and still save a substantial amount. I have seen SFH homes in Irvine for under $3000 a month. </p>

<p>newbie27 - what size lots are you looking for? If you want 5000-7500 sq lots and newer homes, you can go a little more into the hills past N. Tustin and there are a bunch of communities built in the 90's up there. The city is technically Orange. Look up the area around Santiago Canyon...

<p>arctichaze - before my parents bought their house in LA in the 90's, we were living in a 2 bedroom apartment. Based on raw sq ft, the house was about 2.5 times the size of our apartment and the mortgage was about 2 times the rent. The numbers made sense and more importantly, my dad knew...

<p>In all seriousness, I think one should rent now and see how the market does after the summer. If it stays flat or has a modest price increase, you can buy at that time. However, I suspect summer will suck for RE and prices will decline further.</p> <p>In either case, you don't lose much...

<p>Some people like to poke sleeping bears with sticks :)</p>

<p>I know the 92705 area fairly well as I used to work in an office right in that area. I personally love the houses in that area. You are right, most of the lots there are 7500 sq ft and larger with some being even 15,000 sq ft!</p> <p>As far as the neighborhood, it gets really nice east of...

<p>I think nirvinerealtor makes some good points. It is really hard to time the market. I 100% believe that prices will fall over the next few years but I am not recommending my parents to sell, rent, and then buy another house even though they could make a good amount of cash if they time it...

<p>Ooops - I think I misread FlipperHill's post. It looks like the price sheet is from a year ago. Prices are still the same over at Cortile. Phew! :) </p>

This scares me. My wife is going to kill me if prices go up this summer and the bubble doesn't burst. The builders were throwing all sorts of incentives back in Jan and Feb and we didn't jump in because of my strong feelings on this bubble. I really hope its just a marketing ploy to make...

<p>I agree with NickStone - its hard to say what I would do if I was on the brink of financial disaster. I avoided buying during this entire bubble so it is easy for me to say that I wouldn't have super realtor rescue me but I really do wonder how low I would go if my family and financial...

<p>Is it possible for the the Mello Roos to get extended past the planned end date? I understand that it is a bond but many people keep telling me to not count on the mello roos going away. </p>

<p>nirvinerealtor - I really appreciate you posting here. I think its great to have different views and frankly, I would stop coming to this blog if everyone was drinking the same koolaid.</p> <p>One thing I have to disagree with though is that rents are dropping. Your calculations assume a...