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Southern California sees a decline in the housing market approximately every a decade, approximately, however, not anything just like the recession it's currently in. Investors are nervous, first time home buyers are losing their employment, and the prices of homes have significantly reduced. Purchasing a home in Orange County is a highly desired investment decision, yet buyers are reluctant to even spend the pennies on buying homes in orange county homes and are venturing out into Riverside County to truly save even more on drastically paid off home prices.

An average of, a modest three bedroom two bathroom home in a modest neighbor hood in Orange, California had ranged between $400, 000 to $600, 000 approximately 4-5 years prior, and now those same homes can sell for significantly less than $300, 000, if owner is fortunate to find a buyer. Many property owners are sitting on properties they aren't able to sell, and lots of of those orange county interiors going into foreclosure. Where do you turn if you aren't able to sell a property for $300, 000 that you owe $400, 000 on? Perhaps your only choice is bankruptcy, but this prevents you from being able to purchase another home, you're forced to rent (if you'll be able to find a condo community that will accept your bankruptcy), and the prices of orange county commercial interior design firmgo even lower.