Have you factored in the cost of landscaping? Very pricey. Also, most of the older inventory has low or non existent mello roos, so I would consider that, especially since I believe it is not tax deductible. I live off Del Mar Heights road and there are currently 2 high schools (CCA CCHS) one middle school (PTMS) and at least two elementary schools (Sycamore Ridge and Pacific Highlands Ranch) that snarl traffic in the PHR area significantly in the morning. I would drive around on a Tues, Thurs or Fri morning between 7:30 and 8:00 (Mondays can be late start for PTMS and Wed. can be late start for CCA) and see what you think. I had never seen rush hour traffic around here but it is bad now in the evening on DMHR, increasing as you get closer to Carmel Valley Rd. Once the buildings by CCA and the new development One Paseo are up and running, it will be even worse. If I were you, I’d look for well maintained existing stock conveniently located to the express way.