I ran the numbers and decided against buying a new home at this time. It's not the mortgage but rather the homeowners fees and mella roos, whatever that is. The two fees together would have added up to $600/month. That is money that I see no return on. It all goes towards the "community". I still have to pay all expenses for my home. Someone somewhere is making a ton of money off the sale of new homes here in San Diego and I'm not going to make that person any richer.
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