Quote:
Originally posted by nostatic
If you don't have/make the money, don't buy here right now. When my settlement is final I'm not buying another place...just gonna bank the money and wait for things to sort out. I don't think that the desirable areas are going to *crash* as hard as some here, but they'll likely correct, and the less desirable areas (read: Santa Ana) will really drop from the stupid-high prices being asked now.
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Todd is right on here. Many area's in SoCal are overpriced and due to fall 30%, others (more desireable) are just plain expensive, and will flatten or at worst drop slightly. If you're relocating from an area that sidestepped big equity growth then you're best bet is to wait ~ 3 years.