I am very familiar with Stonebridge as it literally is right down the street from where I live.
I believe your opinion is valid but personally I am a little more pessimistic about Stonebridge then some others may be. If you compare Stonebridge to say 4S you get much more home and much more lot in Stonebridge. However you do not have any of the nice infrastructure that 4S has. No new schools, no nice shopping mall, nothing of the sorts. Access into Stonebridge is poor.
We have seen dramatic reductions in Stonebridge dues to distress. I see that Stonebridge is particularly susceptible to future distress because of buyers who purchase there with little or no money down and toxic loan structures. If you can be patient you may find great deals later in 09 and beyond. I have shown quite a few places there so sit tight if you can or lowball bigtime. Beware though that the denial still runs deep there.
