DDM, I live here in PQ, I have noticed several places sell for less than they did two years ago, one on my street lost $85,000. I have also noticed several REO’s and possible foreclosures around town. There are several listings, many in the new areas, Torrey highlands, torrey gardens, Avalon, Montellano, but all come with steep Mello-roos. Check Prudential’s website and search PQ, this website gives you the actual amount of Mello-roos, a great resource if you are seriously looking. We, too are looking, but at this point, we are waiting possibly another year. We have a great rental at a really great price, right on the canyon. It is hard to give that up for a huge mortgage payment!
