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You can buy affordable BRAND NEW house in CA.

By REpro   2013 Jan 23, 1:03pm   1,742 views   8 comments   watch (1)   quote      

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.

#housing

Comments 1-8 of 8     Last »

1   curious2   596/596 = 100% civil   2013 Jan 23, 1:14pm  ↑ like   ↓ dislike   quote    

2   REpro     2013 Jan 23, 1:33pm  ↑ like (1)   ↓ dislike   quote    

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   2638/2671 = 98% civil   2013 Jan 23, 1:52pm  ↑ like   ↓ dislike   quote    

Hey, no car avatars cooler than my own!

4   Facebooksux     2013 Jan 23, 10:14pm  ↑ like   ↓ dislike   quote    

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     2013 Jan 24, 12:40am  ↑ like   ↓ dislike   quote    

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     2013 Jan 24, 1:02am  ↑ like   ↓ dislike   quote    

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     2013 Jan 24, 1:11am  ↑ like   ↓ dislike   quote    

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   5/5 = 100% civil   2013 Jan 24, 10:33am  ↑ like   ↓ dislike   quote    

REpro,

Great find. Over 2% indeed. Thanks.

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