OX, one last observation, Fallbrook/Esco may be ripe sooner than you think. There is a new construction tract in fallbrook that is now priced in the 300’s, sub 150 a square, they are actually selling fast. 2800 sq ft new construction for 380k, that’s the most expensive one and who knows what other incentives there are, thats just the posted prices on the web. Big, new SFR’s in the 3’s in what is a fairly nice little town, those numbers have a post pain train feel to them. I heard from a friend that it is that builder’s fastest seller right now in So Cal. For the brook, 2009 and 2010 are safe plays with the current rates.
