Bought for 506k w 20% down on 10/1 ARM at rate of 4.5% in 2002. Have home with 3 small kids attending new schools in Poway school district playing little league baseball/soccer on new fields at incredible new athletic park. Eligible for full retirement in 2015, 3 years after ARM adjusts in 2012 . . . . “standing buy” and not going anywhere.
Newland grades and prepares groups of lots which it then sells to developers. All the common areas in 4S are also done by Newland and upon completion and acceptance turned over to 4S Master Association to run.
