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you'll lose money, likely a significant amount, by buying now in oc.
you will be throwing away your down payment. that amt (your eqity) will be gone in 2 years. if you like that buy now.
this was the biggest bubble in history. to think that it is anywhere near a bottom is pure folly. the last one in oc took 9 years to hit bottom. 89 to 97 peak to bottom.
just run the odds. odds of appreciation in oc in the next 2 years? zero.
odds of more decline? we can debate, but a lot higher than zero. id say close to 100%.
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