[quote=flyer]We’ve been out of town, but just heard the news from a friend that it was approved, with just two “no” votes. Lots of info available on the Internet about it.
We’ve decided to keep the rentals we own in CV, and see how all of this develops as time goes on.[/quote]
Come on now… As financially astute you are, were you really seriously considering selling your home(s) in CV over this????? Most of the SFH’s won’t be affected by this. It’s main affect will be in all the condo/apartments/townhomes/and 1-2 small SFH communities in that area, if at all. I agree that personally I think it’s a really big project. But it’s impact on property values….. i seriously doubt it.
Just because they put in “affordable housing” (which i believe is 10% only anyway), doesn’t really mean “ghetto”….It’s still pretty expensive…Plus, I believe they will be rental communities owned by Kilroy. Won’t impact the supply of resale homes to purchase I believe.
