<p>I own a home in Irvine and have considered selling now, renting for a few years and then buy my dream home in 2010. I think the market is slowing down and possibly crashing. But one thing that concerns me is the tens of thousands if not hundreds of thousands of people who are sitting on the sideline waiting to buy that foreclosed property for 50 cents on the dollar of todays value...</p>
<p>Yes the housing #s dont make sense in some cases and there will be a few people who will be foreclosed upon, but how many ??? Definitely not enough to fullfill the demand of all these people on the sidelines? Will housing prices go low enough so the average person who earns 80k afford it? </p>
<p>Yes the housing #s dont make sense in some cases and there will be a few people who will be foreclosed upon, but how many ??? Definitely not enough to fullfill the demand of all these people on the sidelines? Will housing prices go low enough so the average person who earns 80k afford it? </p>