The decision to buy in 4S with a 7-10 year horizon is a good one. Especially with a young family. I am on the cusp of doing the same thing, I have even looked at Pienza also.
Many, not all, of the posters here are empty heads who are praying the market will go down, but even if it does they probably don’t have the wherewithal to buy anyway. 4S is a very very desireable family community. The commute is about as good as it gets for a new home community in the SD area. I believe this is one of the reasons for 4Ss resilience to large price drops. There are many waiting on the side lines itching to buy and live in 4S.
Stupid statements like “20% is in the bag and 60% is possible” for price drops with nothing to back up such a statement is worthless fortune telling.
Inventories are are still high but they have stabilized and have even dipped slightly year over year. This likely means that we have either arrived or are very near the bottom. The bottoming process may take several years however. It may indeed be a long time (5-7years?????) for RE purchased now to see significant appreciation. But the market is acting like it is bottoming. One other note. The SD market is very negatively impacted by older communities in which condo conversions made RE spike and then crash. The biggest price drops/foreclosures are in many of the less desireable communities. Fieldstone’s resistance to lowering the price further is because the demand is there (all those waiting on the sidelines to buy in places like 4S).
Buy in 4S hold for 7-10 year and enjoy owning in one of the best family communities in San Diego while you enjoy at least an hour a day of extra time with the family because you don’t have to communite to San Marcos, Temecula, or beyond. I will likely buy either Pienza or Maybeck at the next release.
