<p>Ran across this article on OC register that talked about people who are buying even at this period of time. Interesting insights into the buyers' psychology. Still a lot of sentiment remain from the boom days.</p>
<p><a href="http://www.ocregister.com/money/home-price-deal-1915649-seller-bedroom">www.ocregister.com/money/home-price-deal-1915649-seller-bedroom</a></p>
<p>Story No. 1:</p>
<p>"Drywall contractor John Tipton came home from a job in Anaheim Hills one day with a real estate flier.</p>
<p>"Look at this beautiful house," he told his wife.</p>
<p>"Look at this beautiful price," she replied.</p>
<p>The Tiptons weren't even looking. But the seller kept dropping the price, so the Whittier couple ended up buying the well-landscaped hillside home on a secluded lot. They paid 15 percent below its year-ago value.</p>
<p><strong>"I know it's not the greatest time to buy, but we got a good price," said Tipton, 55. " … To me, if we lost it, we might not find something like this again for the price"</strong></p>
<p>"Meanwhile, the Tiptons are fixing up their new Anaheim Hills home, getting it ready to move in. </p>
<p>While they got a deal on the home they bought, they couldn't find a buyer for their old home in Whittier. So after two months of trying to sell it, they took it off the market and plan to rent it out instead.</p>
<p>"It's just not selling for what it's worth," he said."</p>
<p>(ahhh... the classic you must buy now or else it will be gone mentality)</p>
<p>Story No. 2:</p>
<p>"Richard Kim bought his home in Garden Grove mainly out of need. His three children moved into his two-bedroom apartment after a divorce and they needed more space. Lower prices and an improvement in his financial situation allowed the single dad to afford a four-bedroom home with a den on Acacia Avenue.</p>
<p>"<strong>I believe the market will continue to go down a little bit more, … but the margin that I cut with the seller will be enough if the price goes down 1 to 2 percent more," Kim said. "So I said, 'Why not?'</strong> " </p>
<p>(the other classic . . . it is a good time to buy now. . .really how bad can it go mentality)</p>
<p>Story No. 3:</p>
<p>Some residents of Camden Place, a new home development at the former Tustin Marine base, are feeling buyer's remorse. The three-story condos they bought are now selling for more than $100,000 less than they paid.</p>
<p>Erin Kerr said he doesn't regret buying his Camden Place condo but does wish he had waited a little longer. The market was stronger a year ago when he and his wife, Joy, decided to buy the two-bedroom, 1,558-square-foot unit and seemed to be holding up when they closed escrow in April. </p>
<p><strong>They paid $577,000. Last week, the developer offered a similar unit for $464,000.</strong></p>
<p> </p>
