SEH Mello Roos is too

[PKMAN]

SEH Mello Roos is too ridiculous

I thought long and hard about buying in SEH but ultimately looked elsewhere. This house, for example:

http://www.sdlookup.com/MLS-080071528-740_Hollowbrook_San_Marcos_Ca_92078

It looks great and at $480K is within my reach. However it’s MR is $5,400 semi-annually, with $84/mo. HOA and $9,211 of property tax. Do a quick math ($5,400×2 + $84×12 + $9,211) and I realized that I’d have to pay about $1,750 per month…before mortgage! This is too crazy.

As much as I love the “town within a town” concept of SEH, paying upward of $3,800 per month (mortgage + HOA + MR + property tax) is far from my affordability range. I think any family with combined annual income of less than $140K should stay away from SEH.