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Is OC a soft market?

I live in San Diego and from what I read and see I do not think that OC is soft. Irvine I would think is a hot spot in terms of OC. Every time I drive up it seems like a new company is coming into town and all the nice malls and shop that are sprouting up. As long as you have some type of contingency you can back out of the deal.
In other words the appraisal comes in low, so you want out. You decide that something in the physcial condition does not meet your expectation your out.
Greg
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