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You can buy affordable BRAND NEW house in CA.


By REpro   Follow   Wed, 23 Jan 2013, 1:03pm PST   780 views   8 comments   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.

Comments 1-8 of 8     Last »

curious2   befriend   ignore   Wed, 23 Jan 2013, 1:14pm PST   Share   Quote   Like   Dislike     Comment 1

They are in SF Bay Area too:

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

REpro   befriend   ignore   Wed, 23 Jan 2013, 1:33pm PST   Share   Quote   Like (1)   Dislike     Comment 2

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

Dan8267   befriend   ignore   Wed, 23 Jan 2013, 1:52pm PST   Share   Quote   Like   Dislike     Comment 3

Hey, no car avatars cooler than my own!

Facebooksux   befriend   ignore   Wed, 23 Jan 2013, 10:14pm PST   Share   Quote   Like   Dislike     Comment 4

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.

REpro   befriend   ignore   Thu, 24 Jan 2013, 12:40am PST   Share   Quote   Like   Dislike     Comment 5

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.

REpro   befriend   ignore   Thu, 24 Jan 2013, 1:02am PST   Share   Quote   Like   Dislike     Comment 6

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.

REpro   befriend   ignore   Thu, 24 Jan 2013, 1:11am PST   Share   Quote   Like   Dislike     Comment 7

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

E-man   befriend   ignore   Thu, 24 Jan 2013, 10:33am PST   Share   Quote   Like   Dislike     Comment 8

REpro,

Great find. Over 2% indeed. Thanks.

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