I just re-read your post and see that you are mostly trying to decide between new vs. repo vs. short. vs. resale. I mostly hit on that but I think the inventory is tightening up again. Here is an old thread that may help strategy wise because I boguht when it was equally tight, albeit a little cheaper because the wheels were coming off the economy, but the game remains the same.

http://piggington.com/tg_closes_escrow

here’s some past morgan hill threads to chew on, some had an influence on my decision

http://piggington.com/morgan_hill_and_morgan_valley_stats

http://piggington.com/recap_on_temeclua_murrieta_french_valley_etc