For some reason, Plan 3 always sold out. Unfortunately, I think the waitlist for these are pretty long, and they like release a handful of them each time to control expectations and demand. Pretty crafty imho. It appears there are still people buying because (1) the lure of a new home, and (2) it's pretty large. I know a few people that moved from the Breakers to DH plan 3, and these aren't the cash strapped folks. I think where things are interesting are Plan 1 and Plan 2, namely because there are several comparables both on the Torrey Hills side and in the CCH side. So short of a huge disaster, huge meltdown in the economy, or a huge hit in Qualcomm (which sorta happened today already) or Broadcom, it appears that there are still people waiting for plan 3.
Personally, $1mill+ for a tract home is already pushing it for me. $1.35+ for a plan3 imho is beyond pushing it for me imho. But interesting about Plan 1c is that I know there were several people that ended up spending about $1.1 for at Saratoga after all upgrades exterior work. That was insane.
Personally, I'd consider a plan 1c if it were closer at $1mil and included all the incentives and a rate buydown for about 10 years. As someone previously posted, the current incentives are about the same as before, except now a jumbo will be over 7% as opposed to 6ish….So buying now imho, you're getting the worst of both worlds, not really lower price but definitely higher interest rates.
The other thing that bothers me is that
1) I really would like a three car garage, as opposed to 2+1tandem or 2+1workshop, especially if I'm paying $1m+.
2) Just my personal tastes, I don't really like plan 2's upstair split with master on one side and rest of room on the other. Having kid on the other side, you won't be able to hear when you're in the master bd. My only gripes about plan 3 is the price.
