socalquest
Member
akim997 said:
Hey, if someone (rich chinese) wants to keep buying your stock (irvine housing) beyond its "fundamental" value, there's nothing you can do about it. just wait on the sidelines and hope the market comes tumbling down... i know people think that a brand new 2500+ sq ft home in Irvine should be priced at $500K, but I just don't see it happening in our lifetimes (or our kids)...
Maybe in the millions decades later, I am very sure! So if you can afford to buy now, go ahead, however, waiting another year or two may work out too because there is still uncertainty with the European markets as well as the US economic recovery. I am thinking of buying middle or end of this year. I am in no rush.