I’ve lived in the Irvine area for over 30 years and as a mortgage/real estate professional I’ve seen the boom times and the busts. I agree with many readers that time is on your side now.
If your heart is set on Woodbury or Portolo Springs, imagine the builder incentives you might get after a few years of slack demand. Or consider the deals that desperate resales might offer over this same period.
Parking your family into one of the new resort style apartments for a few years is not a bad way to wait out the storm. Your patience could be greatly rewarded.
