Anyway, my point was for the price and location MM seems more convenient than say Santee. I'm not so sure I get paying $600k to live in santee...Seems kinda a lot for the privilege of having a "new" home.[/quote]
I don't think that house will fetch $540k, probably more like $510-520k.
I agree that for price and location, I'd pick MM over Santee too, and I did. Pay near $600k + 1.6% tax rate + $300 HOA adds up to a very pretty penny to live in Santee. The commute time is a killer to Sorrento Valley, if you're talking about door to door and traffic.
Did a quick calculation and if you go with $560k + 20% down(@5% interest) + 1.6% tax + $300(HOA) + $120(Insurance), your PITI+HOA = $3572/month. That's equivalent to a $660k place w/out HOA and Tax rate at 1.1%. If you take tax deduction into the equation, since HOA is not deductible (not sure if the whole 1.6% is deductible as well), it's more equivalent to a $700k house w/out HOA and tax at 1.1%.
