Sunny not sure of that answer. South of Pomerado has depreciated but more in line with other complementary areas as opposed to out of line due to the fire hazard. There was alot of stickiness there in 06 and 07 but 08 seemed like it started to crack and 09 is definitely continuing in that same manner. It is only my opinion but I don’t think it is any more of a factor then other subdivisions adjacent to open space. The same could be said for Stonebridge right? The east end of Stonebridge is basically Sycamore canyon and it seems to me a fire could come right down that sucker pretty easy in a Santa Ana, you know what I mean?
I think it is one of those things where anyone that would even consider buying a home adjacent to open space has already come to terms with a fire hazard. So I think the bulk of the job bringing down prices in that area of Scripps will simply be done by the economy/employment/real estate market in general.
