$2,100 was chump change when your home was appreciating at $20k or more a month as was the case with Santaluz and The Crosby in the heyday.
The true cost of ownership in a market that is not appreciating is a reality check like no other for the home owners that bought there at the peak.
Let us know when the 2.5M at the peak is listed for and sold for 1.25M, might even happen by years end.[/quote]
Exactly. This community was finished years before the peak of the bubble. If they sell now they are still making a profit. That’s IF they want to sell. Not many people in Fairbanks Ranch or Santaluz even would want to sell. They’re retired there and will die there.
