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sunny88
Participant[quote=jpinpb]I agree. Granted that SC is new and Canyon Rim and BT are older. You don’t have to worry about maintenance yet. But I expect to see declines in SC. I can’t justify buying there, unless to live for free for a year or so and not pay any mortgage and save money. That’s if you don’t mind hurting your credit for a few years. [/quote]
Why take the chance if you rent a nicer place for much less and wait until the market bottoms?
Participant[quote=jpinpb]I agree. Granted that SC is new and Canyon Rim and BT are older. You don’t have to worry about maintenance yet. But I expect to see declines in SC. I can’t justify buying there, unless to live for free for a year or so and not pay any mortgage and save money. That’s if you don’t mind hurting your credit for a few years. [/quote]
Why take the chance if you rent a nicer place for much less and wait until the market bottoms?
Participant[quote=ocrenter]Lennar’s The Lakes “Above” RSF are under significant pressure to drop prices.
05/29/2009 8647 Herrington Way 4/4 3,400 $899,000 $835,000 -7.12%
05/29/2009 8652 Herrington Way 4/4 3,437 $899,000 $850,000 -5.45%
05/28/2009 8706 Herrington Way 4/5 n/a $995,000 $945,000three of them just closed, the reductions aren’t that impressive just yet, but by this winter as the near million and over million market continue to die, Lennar will continue to slash prices and agree to look at some low balls.
These, unfortunately just like most of Crosby and Santaluz, have rediculous mello roos + HOA fees and things will get a lot worse for them.
[/quote]I’ve been there a couple of times and they are really having a hard time selling. The prices for the homes are okay, but the fees are way to high!
Participant[quote=ocrenter]Lennar’s The Lakes “Above” RSF are under significant pressure to drop prices.
05/29/2009 8647 Herrington Way 4/4 3,400 $899,000 $835,000 -7.12%
05/29/2009 8652 Herrington Way 4/4 3,437 $899,000 $850,000 -5.45%
05/28/2009 8706 Herrington Way 4/5 n/a $995,000 $945,000three of them just closed, the reductions aren’t that impressive just yet, but by this winter as the near million and over million market continue to die, Lennar will continue to slash prices and agree to look at some low balls.
These, unfortunately just like most of Crosby and Santaluz, have rediculous mello roos + HOA fees and things will get a lot worse for them.
[/quote]I’ve been there a couple of times and they are really having a hard time selling. The prices for the homes are okay, but the fees are way to high!
Participant[quote=ocrenter]Lennar’s The Lakes “Above” RSF are under significant pressure to drop prices.
05/29/2009 8647 Herrington Way 4/4 3,400 $899,000 $835,000 -7.12%
05/29/2009 8652 Herrington Way 4/4 3,437 $899,000 $850,000 -5.45%
05/28/2009 8706 Herrington Way 4/5 n/a $995,000 $945,000three of them just closed, the reductions aren’t that impressive just yet, but by this winter as the near million and over million market continue to die, Lennar will continue to slash prices and agree to look at some low balls.
These, unfortunately just like most of Crosby and Santaluz, have rediculous mello roos + HOA fees and things will get a lot worse for them.
[/quote]I’ve been there a couple of times and they are really having a hard time selling. The prices for the homes are okay, but the fees are way to high!
Participant[quote=ocrenter]Lennar’s The Lakes “Above” RSF are under significant pressure to drop prices.
05/29/2009 8647 Herrington Way 4/4 3,400 $899,000 $835,000 -7.12%
05/29/2009 8652 Herrington Way 4/4 3,437 $899,000 $850,000 -5.45%
05/28/2009 8706 Herrington Way 4/5 n/a $995,000 $945,000three of them just closed, the reductions aren’t that impressive just yet, but by this winter as the near million and over million market continue to die, Lennar will continue to slash prices and agree to look at some low balls.
These, unfortunately just like most of Crosby and Santaluz, have rediculous mello roos + HOA fees and things will get a lot worse for them.
[/quote]I’ve been there a couple of times and they are really having a hard time selling. The prices for the homes are okay, but the fees are way to high!
Participant[quote=ocrenter]Lennar’s The Lakes “Above” RSF are under significant pressure to drop prices.
05/29/2009 8647 Herrington Way 4/4 3,400 $899,000 $835,000 -7.12%
05/29/2009 8652 Herrington Way 4/4 3,437 $899,000 $850,000 -5.45%
05/28/2009 8706 Herrington Way 4/5 n/a $995,000 $945,000three of them just closed, the reductions aren’t that impressive just yet, but by this winter as the near million and over million market continue to die, Lennar will continue to slash prices and agree to look at some low balls.
These, unfortunately just like most of Crosby and Santaluz, have rediculous mello roos + HOA fees and things will get a lot worse for them.
[/quote]I’ve been there a couple of times and they are really having a hard time selling. The prices for the homes are okay, but the fees are way to high!
Participant[quote=Eugene]All houses in Crosby come with Sport membership (monthly dues $300/month), and MR effectively increases the purchase by 150-200K. When you’re buying a house for 2 million, MR isn’t much in comparison.[/quote]
This may be true for homes above $2 million. However, the Lennar homes are below $1 million and paying such a large amount in HOA and MR just doesn’t make sense. Also, those homes are really not worth that much…
Participant[quote=Eugene]All houses in Crosby come with Sport membership (monthly dues $300/month), and MR effectively increases the purchase by 150-200K. When you’re buying a house for 2 million, MR isn’t much in comparison.[/quote]
This may be true for homes above $2 million. However, the Lennar homes are below $1 million and paying such a large amount in HOA and MR just doesn’t make sense. Also, those homes are really not worth that much…
Participant[quote=Eugene]All houses in Crosby come with Sport membership (monthly dues $300/month), and MR effectively increases the purchase by 150-200K. When you’re buying a house for 2 million, MR isn’t much in comparison.[/quote]
This may be true for homes above $2 million. However, the Lennar homes are below $1 million and paying such a large amount in HOA and MR just doesn’t make sense. Also, those homes are really not worth that much…
Participant[quote=Eugene]All houses in Crosby come with Sport membership (monthly dues $300/month), and MR effectively increases the purchase by 150-200K. When you’re buying a house for 2 million, MR isn’t much in comparison.[/quote]
This may be true for homes above $2 million. However, the Lennar homes are below $1 million and paying such a large amount in HOA and MR just doesn’t make sense. Also, those homes are really not worth that much…
Participant[quote=Eugene]All houses in Crosby come with Sport membership (monthly dues $300/month), and MR effectively increases the purchase by 150-200K. When you’re buying a house for 2 million, MR isn’t much in comparison.[/quote]
This may be true for homes above $2 million. However, the Lennar homes are below $1 million and paying such a large amount in HOA and MR just doesn’t make sense. Also, those homes are really not worth that much…
Participant[quote=jpinpb]I am still stunned that they were able to sell them for as much as they have been asking. Never underestimate the emotions of buyers and a little granite, I guess.[/quote]
We felt the same way. Much better deals can be had elsewhere (UTC, Scripps Ranch). Paying $3,000/month for such a place (assuming 20% down payment, tax, HOA incl.) is crazy!!
Participant[quote=jpinpb]I am still stunned that they were able to sell them for as much as they have been asking. Never underestimate the emotions of buyers and a little granite, I guess.[/quote]
We felt the same way. Much better deals can be had elsewhere (UTC, Scripps Ranch). Paying $3,000/month for such a place (assuming 20% down payment, tax, HOA incl.) is crazy!!
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