Like the previous two posters mentioned, LCV is a very nice place. The lots are bigger then 4S, not quite as big as Stonebridge, but the proximity to the coast is really nice. The biggest problem with Stonebridge is that there is not any infrastructure to speak of which is not the case for both LCV and 4S. I would suggest you drive up to LCV and check it out. The area has been seeing alot of activity as well.

The depreciation I mentioned is something that will affect most all homeowners that are buying in most all submarkets with the exception of low end. This of course is only my opinion. I think we have seen that most of the drivers that we all thought would burn the market down have occurred or are continuing to occur right? Obviously staggering unemployment and the credit crunch have had strong effects and pushed the market down as have lots of foreclosures. However we have seen that the market can be effectively manipulated which is the cause for the rally. The next leg down in my opinion will be caused by interest rate shock. That is not to say that foreclosures will not continue to happen because they will. However we have seen that between Wall St and the govt, they have been able to suppress inventory enough to prevent the price tsunami. However if there is no govt support for the secondary market and rates pop and high downpayments are needed, then substantial depreciation seems quite probable if not unavoidable.

Will it occur in one year or five years is anybodys guess.