Asked by Thg, Oakland, CA • Wed Mar 26, 2008
seem to be in free fall. My agent miscalculated the fair price for my house and adviced me not to take the first offer. Since then, the offers keep sliding down at 10% of the asking price every week. I can rent the house out with negative cash flow of ~$400 per month, but it will be offset by a tax deduction and repayment to the principal, so I would say it is a wash. Any thoughts on whether the market has bottomed out in Irvine? It looks like it is picking up in Bay Area.
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