Monday, September 29, 2008

Do I see OC prices drop like they are inland?


Do I see O.C. prices doing lower like inland?


Here is what I truly believe about the prices in our market today... have prices dropped since their insane peak of a few years ago... YES... are prices continuing to slowly drop in most areas....YES... do I see the home prices in Orange County drop like they are/will inland? .... NO.... if you look at the reasons why people buy a home, especially what area they choose to buy the home in... you will see all the reasons why Orange County's prices will remain higher than almost all other counties in California.


People pick a city to live in because of many factors like schools, crime, jobs, entertainment, ammenities, close to the beach, close to the mountains, weather, appreciation and appeal of the city. If you look at what Orange County has to offer versus a Riverside..Corona...Fresno...San Bernardino you can see why the prices THERE have dropped and will continue to drop... they simply don't even come close to giving you what Orange County can... almost any city in Orange County will retain it's value better than those cities...


Yes cities like Anaheim and Santa Ana have a lot of foreclosures and will continue to have more in the future which will cause the prices to lower yet those are due to poor lending practices and borrowers who never intended to repay their loans. On the whole Orange County should bounce back with a vengeance once the economy finds its legs....


I would highly recommend finding a city in Orange County that you like... and that works for your needs... and then.... find a home/condo that you can afford... and you will be extremely happy that you did in 5 to 7 years...
For more information on buying a home go to ..... www.iwantabiggerhouse.com

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