Back in late 08, I took a serious look at all three communities. I really liked SEH’s town-within-town feel. 4S felt like another suburb community. Del Sur was too new and undeveloped at the time for me to have any feeling for it.
But in the end and after much financial analysis, we decided not to buy any new home that has high MR and HOA. It simply didn’t make sense for us to pay up to $10K annually on top of the mortgage, that is not tax deductible.
We now live in a new housing community in Santee with no MR, and HOA of just $108/mo, with a pool and 2 park areas. I’m not trying to promote my community. I just think MR is a bad idea. I know a few people that are financially similar to us but with less spending power because of the high MR/HOA.
