Especially in the OC. Lots and lots of professional positions, upper management, and of course the two income family is the norm, not the exception. Meet Mr. and Mrs. Irvine: he’s in his mid twenties, working a few years at the OC Sherriff making $70K. She’s teaching at an Irvine middle school making $60K. Add it up, that’s $130K just like that! With mortgages still available at 6 percent or less, seems like there really are people able to buy at todays prices. What happens if rates go down too 5 percent, or less? They have been there before.
