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Any comments about the foreclosure article in Sundays Observer? I didnt know there were that many foreclosures. Has anyone saw these developments in person? I am just curious what is going on in this kind of suburban oasis.
I hate new development, but I think it is interesting to see what happens to new subdivisions, and why some take off but others dont.
There was a similar thread a couple of weeks ago, and I mentioned in that one that my brother's house appraised $20K less because there were some Beazer homes in his neighborhood.
It's tough to come up with any specific ideas. It seems sometimes as if there's a specific "price point" for housing where you get the difference between having home owners live in their homes and take care of the home and property, particularly to keep their resale value up, as opposed to those where either large numbers of homes are not owner-occupied, or where the home owners either don't care or can't afford to maintain the property.
I have that concern where we live. Many of the lower-priced homes were bought by investors, and are either constantly empty or are constantly rented to transients. I don't know how these investors can afford to let their properties sit idle for months on end, but they don't seem to care. Of course, they all refuse to spend anything on maintenance or lawn care or landscaping, so many of the homes are real messy.
Personally, I think that there should at least be an oversite agency for developments, and that any builder should be allowed to build and offer homes within any development, following specific guidelines, which would hopefully allow for a better balance of home styles and prices, and eliminate a lot of the cookie-cutter development you see way too much of. It also seems like Mecklenburg County should enact and enforce some basic housing zoning standards that would prevent a lot of the problems addressed in that article, and limit the HOA's responsibilities to just the management of the common spaces and facilities.
It's matter of sales pressure. The same tactics used by Beazer were used by Eastwood on us when we were looking for a house. The sales people don't give a crap about you or what happens in the future, they just want their money. There was no way we could have afforded that house and decided against it, plus the n'hood wasn't all that great. I'm glad we were smart enough not to buy it.
I have a rental in one of the neighborhoods that was mentioned in the Observer this weekend. I have owned it for 3 years. I drive through all the time. While it is a foreclosure haven over there the article is a little off. Most of the crimes are petty things from punk neighborhood kids.
If you research the builder for most of the neighborhoods mentioned you will see they all seem to be the same builder or the same few. Obviously you cannot blame the builder but I tend to wonder the lending practices that were given. If you have a problem with anything in your neighborhood call 311 get it documented. Otherwise nothing will happen.
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