Most of the distress in the North County Coastal markets seem to be in the newer tracts that were built 2003 to 2007 like San Elijo Hills (if you can call it coastal), Bressi Ranch, La Costa Greens, La Costa Oaks and Encinitas Ranch to some extent. It looks like everyone will soon be able to buy those McMansions with sky high Mello Roos and HOA fees on postage stamp sized lots that they so covet around here. (Tongue firmly in cheek).
