You can buy affordable BRAND NEW house in CA.


By REpro   Follow   Wed, 23 Jan 2013, 9:03pm   670 views   8 comments
In San Jose CA 95123   Watch (1)   Share   Quote   Permalink   Like   Dislike  

Despite high CA code regulation and land use regulation, housing in CA can be built at the same cost like in any other part of the country. Centex is offering BRAND NEW, energy efficient houses, for about $90/sq.ft, assuming $20K-30K lot value, in Central Valley.
http://www.centex.com/find-a-home/Search.aspx
In this light, SFBA housing appears like rip-off from all passible direction.

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  1. curious2


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    1   9:14pm Wed 23 Jan 2013   Share   Quote   Permalink   Like   Dislike  
  2. REpro


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    2   9:33pm Wed 23 Jan 2013   Share   Quote   Permalink   Like (1)   Dislike  

    curious2 says

    They are in SF Bay Area too:

    http://www.centex.com/communities/ca/oakley/greens-at-magnolia-park/81751/index1.aspx

    FYI: Oakley, Antioch, Brentwood, is the areas of Mello-Roos Assessment, which makes property taxes often higher than in Vermont or TX. Additionally, is not tax deductible.
    http://www.trulia.com/blog/karen_parsons-fiddler/2012/03/california_mello_roos_not_tax_deductible_in_2012

  3. Dan8267


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    3   9:52pm Wed 23 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    Hey, no car avatars cooler than my own!

  4. Facebooksux


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    4   6:14am Thu 24 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    Centex?

    Sounds like something I'd place strategically around my domicile in order to blow cannibal anarchists who are eyeing my guns, gold and yams, to kingdom come.

  5. REpro


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    5   8:40am Thu 24 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    robertoaribas says

    yeah.. in Fresno, and their 1479 square foot model starts at 179K...

    enjoy Fresno!

    The point is construction costs. Finding a contractor who can do this in high density area is another topic.

  6. REpro


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    6   9:02am Thu 24 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    donjumpsuit says

    I was told (by a frequenter here by the handle of Ptiemann) that the costs of building a home in the bay area is $450-500 sq/ft. So this kind of blows that away.

    If in fact Centrex could build me a home for $100sq/ft in the bay area then by all means, cookie cutter or not, let's do it!

    $450-500 sq/ft is the price with land. Since new houses are recently built by large development company, 99% are cookie cutters or so called semi-custom if more options are utilized.

  7. REpro


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    7   9:11am Thu 24 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    E-man says

    I haven't seen a case where the Mello Roos brought the total property tax bill over 2% yet.

    Sample of Property Taxes in Antioch. Yes they can be higher than 2%.
    Tax History
    Find assessor information on the county website What's this?
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    Year Property taxes Change Tax assessment Change
    morefewer

    2011 $5,263 -1.3% $224,000 -7.6%
    2010 $5,331 -0.1% $242,500 -2.2%
    2009 $5,338 1.1% $248,000 -1.8%
    2008 $5,280 -- $252,444 2.0%
    2007 $5,280 1.8% $247,495 2.0%
    2006 $5,185 -1.4% $242,643 2.0%
    2005 $5,258 -- $237,887

  8. E-man


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    8   6:33pm Thu 24 Jan 2013   Share   Quote   Permalink   Like   Dislike  

    REpro,

    Great find. Over 2% indeed. Thanks.

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