Not really news to anyone on here, but just recently having looked at the townhome communities in Windingwalk (Agave & Clover), builder is selling new phases in the high 200s. Short sales abound for anywhere from 15-30% below builder prices. Somewhere in the low 200s basically. Property tax is over 2%, plus ~$300 dual HOAs is insane. No wonder there are so many defaults and short sales.

Almost four years since the OP, and I still feel a lot of downward momentum in that area particularly. We considered it a lot before closing on our place in UC. Eastlake is not a terrible place IMHO (esp. if you can work from home a bit). Any thoughts from Piggs on where things may be headed there?