http://www.trulia.com/voices/Home_Buying/house_prices_in_Santa_Ana_Fountain_Valley-31399In this buyer's market, I'm still very surprised to see that home prices in Santa Ana and Fountain Valley are still sky high, around 350,000 - 400,000. What are these people thinking ? with the current foreclosure rate, existing inventory, unemployment rate, and especially ARMs will reset higher in May or June, more houses will be available on the market. With $300K, I can buy a 3 bed room townhouse in Huntington Beach nowadays. Sure, it is a townhome, but it is by "the beach". What does Santa Ana and Fountain Valley have ???en-us