That hoa fee isn't bad. But that 800k house should come back to 2002 levels…$560,000 in the next year.
Palacio is one of the worst communities imho. I've been in and out of so many of the units, and I guess where the units are situated, a lot of them are suffering from mold/mildew inside and out. Even so, not sure we'd see $560k by next year. Maybe by 2010.