thank you for your comments. I think that the prices will drop further too once more homeowners in this neighborhood are unable to make their mortgage payments. I did take a look at the remaining models and think that the prices are still way too high. The current HOA is $261. I like the convenient location as I work in La Mesa near Grossmont Hospital.
I did go to Santee to take a look at the “Skyranch” homes. The location on the hill is attractive if you get a view lot. Those homes are also not selling well right now and hopefully they will lower the prices further. I will definitely wait at least until the middle of 2009 before making an offer on one of these homes. Please let me know if you have any important news about this neighborhood.