[quote=sdrealtor]I dont agree. It screams there is a price to pay to live in a new house in prime area of SD. Personally my MR goes toward improvements to the San Dieguito schools. I think thats a good investment and I am happy to pay the $800 every year. I donate more than that to other charities every year any way. To me this is a tax deductible (at least for now) contribution I make. Unlike the things I give to charities which make me feel good, I actually get some benefit from this.[/quote]
The emphasized portion of this statement assumes that ALL *new* subdivisions built since 1987 in SD County are situated in “prime areas.” NOTHING could be further from the truth, IMO.
Because a property has a MR encumbrance does NOT mean it is located in a “prime” area or even a “desirable” area. It only means its subdivision was built since 1987 with the use of MR bond $$.
