Effect of affordable housing on home value

[victor]

Hello Piggs,

I have been reading this blog for quite some time. I know that I should probably wait a little longer before jumping into the market but my wife has lost her patience. We plan to purchase a new home at Manzanita trail (Pacific Highland Ranch) by Pardee. We understand that MR and HOA are crazy there. However, the bigger concern is about the affordable housing complex (108 units) behind the lot that we plan to buy. See the map below. Do your guys have any idea how this will affect the resale value for the new home? Any comment is greatly appreciated. many thanks in advance.

http://maps.google.com/maps/ms?client=firefox-a&channel=s&hl=en&source=hp&ie=UTF8&msa=0&msid=101957043975333783130.00047a3ead8472b93783c&t=h&ll=32.966221,-117.184642&spn=0.001586,0.003101&z=19

[XBoxBoy]

Are you crazy?

Okay, just kidding, but if I read that map correctly, your lot will not just back up to the affordable housing complex, but to it’s pool! Hmmmmm… affordable housing complex’s often have lots of college students, young people and others who like to have nice LOUD pool parties.

Seriously, I can’t tell you how much that will impact your resale value, but it definitely is gonna hurt. Enough so, that I would think virtually any other lot in the complex would be better.

Edit: Okay, maybe I misread the map. Looks like your lot is not directly overlooking the complex pool. But it does still overlook some lawn area at the affordable housing complex. Not as bad, but still not good.

Here’s a simple suggestion. Before you commit go down and visit your new lot at odd hours, like at 10pm on saturday or shortly after a chargers game ends, or friday early evening, etc. General rule though. Visit a prospective property multiple times at different times of day and different days of the week to find out what it might be like that you haven’t been told.

[XBoxBoy]

Are you crazy?

Okay, just kidding, but if I read that map correctly, your lot will not just back up to the affordable housing complex, but to it’s pool! Hmmmmm… affordable housing complex’s often have lots of college students, young people and others who like to have nice LOUD pool parties.

Seriously, I can’t tell you how much that will impact your resale value, but it definitely is gonna hurt. Enough so, that I would think virtually any other lot in the complex would be better.

Edit: Okay, maybe I misread the map. Looks like your lot is not directly overlooking the complex pool. But it does still overlook some lawn area at the affordable housing complex. Not as bad, but still not good.

Here’s a simple suggestion. Before you commit go down and visit your new lot at odd hours, like at 10pm on saturday or shortly after a chargers game ends, or friday early evening, etc. General rule though. Visit a prospective property multiple times at different times of day and different days of the week to find out what it might be like that you haven’t been told.

[XBoxBoy]

Are you crazy?

Okay, just kidding, but if I read that map correctly, your lot will not just back up to the affordable housing complex, but to it’s pool! Hmmmmm… affordable housing complex’s often have lots of college students, young people and others who like to have nice LOUD pool parties.

Seriously, I can’t tell you how much that will impact your resale value, but it definitely is gonna hurt. Enough so, that I would think virtually any other lot in the complex would be better.

Edit: Okay, maybe I misread the map. Looks like your lot is not directly overlooking the complex pool. But it does still overlook some lawn area at the affordable housing complex. Not as bad, but still not good.

Here’s a simple suggestion. Before you commit go down and visit your new lot at odd hours, like at 10pm on saturday or shortly after a chargers game ends, or friday early evening, etc. General rule though. Visit a prospective property multiple times at different times of day and different days of the week to find out what it might be like that you haven’t been told.

[XBoxBoy]

Are you crazy?

Okay, just kidding, but if I read that map correctly, your lot will not just back up to the affordable housing complex, but to it’s pool! Hmmmmm… affordable housing complex’s often have lots of college students, young people and others who like to have nice LOUD pool parties.

Seriously, I can’t tell you how much that will impact your resale value, but it definitely is gonna hurt. Enough so, that I would think virtually any other lot in the complex would be better.

Edit: Okay, maybe I misread the map. Looks like your lot is not directly overlooking the complex pool. But it does still overlook some lawn area at the affordable housing complex. Not as bad, but still not good.

Here’s a simple suggestion. Before you commit go down and visit your new lot at odd hours, like at 10pm on saturday or shortly after a chargers game ends, or friday early evening, etc. General rule though. Visit a prospective property multiple times at different times of day and different days of the week to find out what it might be like that you haven’t been told.

[XBoxBoy]

Are you crazy?

Okay, just kidding, but if I read that map correctly, your lot will not just back up to the affordable housing complex, but to it’s pool! Hmmmmm… affordable housing complex’s often have lots of college students, young people and others who like to have nice LOUD pool parties.

Seriously, I can’t tell you how much that will impact your resale value, but it definitely is gonna hurt. Enough so, that I would think virtually any other lot in the complex would be better.

Edit: Okay, maybe I misread the map. Looks like your lot is not directly overlooking the complex pool. But it does still overlook some lawn area at the affordable housing complex. Not as bad, but still not good.

Here’s a simple suggestion. Before you commit go down and visit your new lot at odd hours, like at 10pm on saturday or shortly after a chargers game ends, or friday early evening, etc. General rule though. Visit a prospective property multiple times at different times of day and different days of the week to find out what it might be like that you haven’t been told.

[freshman]

Does affordable housing have same meaning as low income housing ? better to find it out.

Some of my friends are interested in Manzanita trail but they concern the power lines too closed to this community.

[freshman]

Does affordable housing have same meaning as low income housing ? better to find it out.

Some of my friends are interested in Manzanita trail but they concern the power lines too closed to this community.

[freshman]

Does affordable housing have same meaning as low income housing ? better to find it out.

Some of my friends are interested in Manzanita trail but they concern the power lines too closed to this community.

[freshman]

Does affordable housing have same meaning as low income housing ? better to find it out.

Some of my friends are interested in Manzanita trail but they concern the power lines too closed to this community.

[freshman]

Does affordable housing have same meaning as low income housing ? better to find it out.

Some of my friends are interested in Manzanita trail but they concern the power lines too closed to this community.

[victor]

freshman:
Thanks a lot for your reply. The housing complex is for low-income families earning 25 – 55% of AMI (area median income), which I think is very low. These homes look like single family homes by design. That is why we did not pay much attention until Pardeehomes disclose it.

I am not sure about the power line problem. I did not see any power lines that are too close. I should have another close look. Thanks again.

[victor]

freshman:
Thanks a lot for your reply. The housing complex is for low-income families earning 25 – 55% of AMI (area median income), which I think is very low. These homes look like single family homes by design. That is why we did not pay much attention until Pardeehomes disclose it.

I am not sure about the power line problem. I did not see any power lines that are too close. I should have another close look. Thanks again.

[victor]

freshman:
Thanks a lot for your reply. The housing complex is for low-income families earning 25 – 55% of AMI (area median income), which I think is very low. These homes look like single family homes by design. That is why we did not pay much attention until Pardeehomes disclose it.

I am not sure about the power line problem. I did not see any power lines that are too close. I should have another close look. Thanks again.

[victor]

freshman:
Thanks a lot for your reply. The housing complex is for low-income families earning 25 – 55% of AMI (area median income), which I think is very low. These homes look like single family homes by design. That is why we did not pay much attention until Pardeehomes disclose it.

I am not sure about the power line problem. I did not see any power lines that are too close. I should have another close look. Thanks again.

[Author]

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