I have a client who has an in law and they want to buy a home in Tierra Santa. We have been looking at places there for the past several weeks. IMO Tierra Santa is not comparable to CV at all. Will Tierra Santa go down? Absolutely. I don’t think it will have nearly the foreclosure rate of CV. Right now we have been focusing on the El Dorado Hills area which is at the edge of TS along the hillside and faces to the southwest. As far as schools and such for TS, I have not dug into that as these people are getting a place for mom.
Don’t get me wrong. TS will indeed depreciate. I don’t think it will get pounded as hard as CV or San Marcos but it will go down.
