When can we expect to buy something in Irvine for $200k?

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sportsfan8_IHB

New member
I'd like some advice from you wise bears. I plan on buying something in Irvine around $200k, preferably around $150k. Let me know which year I can expect to buy at these prices. I will be waiting patiently and as long as it takes. Thanks!
 
Hmm, only a studio... I'll wait it out for a nice 3 bedroom single family house, preferably with a kitchen island and a jacuzzi tub in the master bathroom.





Keep 'em coming, thanks again.
 
<p>Damn really? I thought we were all housing bears here. It's going to happen eventually, with all I've read on this blog, all the charts and statistics. Give me a timeframe. </p>
 
<p>tyler... You mentioned on another blog talking about $500k houses, and your quote is:





<em>"Buying a home right now entails large amounts of risk, in this case the risk of losing 200k~300k"





</em>I was just going by your statement there. How about an older 3/2 single family home? Thanks for your wise and non-dangerous advice. </p>
 
Send be $20 per week for a subscription to my re bear newsletter, and I will be sure and let you know when your quals are met.



Why are you so angry?
 
hey awgee... No anger here, just anxious to buy my first home. I can't afford that subscription fee right now because I need to save up every penny right now so I can purchase my dream home for around $200k. Even if it takes 10, 20, 30 years... I'll wait it out. This blog has given me new hope to purchase a piece of coveted real estate in Irvine at $200k. Can't wait, baby.
 
sportsfan8,





Even if the bottom was at 3 times income, a median home would still run $255,000. I could see condos getting near $200,000 again, depends on how tight credit gets and how much income growth we see.
 
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