If lifeisgood will really end up living in 4S for 15+ years, he needs not to worry about the price he’s paying now. However in this difficult time, large-sized houses with strict HOA and high MR will always be at greater risk. I noticed greater % of homes on the market are either <2,000SF condos or >2,800SF houses.
Smaller condos represent investment properties to be abandoned and larger houses represent shattered dreams. The mid-sized homes (2,000SF – 2,800SF) may just be the sweet spot that more families are able to hold on to, despite the difficult time.
Thus I think the situation at 4S will be more at the 2 extremes, while the average-sized homes should fare better.
