So what if I was tell you that I know of this investor who is buying up property all over Orange County-The O.C.?
You say that this guy is nuts right? Would you believe they are buying it up by the thousands of units?
Well The Irvine Company, as reported by the Wall Street Journal is buying thousands of apartments in Orange County and San Diego County as part of a $1.4 billion deal.
This when Orange County like much of So Cal is experiencing noticeable drops in sales volume.
Does The Irvine Co. know something that the Couch Investors do not?
And if you want to play devils advocate, no they are not buying the apartments for the outcast homeowners whom are at risk to lose their home. I have seen that rents down in the OC are holding steady if not going up in many areas.