Harbor Pointe in Carlsbad near Poinsettia and I5 is a gated community in a good location. And the real estate downturn seems to have avoided it so far. Very few homes have sold over the past couple years, and the prices have pretty much been holding steady. I guess it comes from a combination of location, price point, low HOA dues, and a well maintained gated community that never had a slew of buyers over-extending themselves. I'd say it's like buying a blue chip stock, except we all know what the stock market has done in the past year...