Tesla neighborhood to offer more affordable housing

[ashbeeigh]

Originally Posted by austin-steve

The main problem with a mobile home is that it depreciates in value and also becomes functionally obsolete much faster than stick built homes.

An 80 year old framed home, even though it becomes dated and worn out, appreciates over time along with the land it sits on. Thus, the owner builds wealth over time.

There are no 80 year old mobile homes. And the land they sit on is generally minimally developed, though it too should increase in value over time. But most people rent a lot in a park. If one can purchase a lot in a park, that's great, but then there are shared costs of maintaining the integrity of the park through HOA fees, and it's still a big headwind to wealth building.

If I were to hypothetically take a job at the Tesla plant, I'd look for an acre or two in an unregulated county area that is in the path of future residential growth, and I'd live on it in a RV and save money to eventually build a real house. I would NOT buy a mobile home and put there.

Finally, DVISD is one of the worst performing schools in the state. This sort of thing is researched by the middle income families needed to lift a poor rural area up to the next tier. The middle/upper income family workers at Tesla will all go further, into Bastrop, or commute from Austin, or from some of the further south communities, like Buda, Kyle, or even San Marcos or Lockhart.

They really tried to put lipstick on a pig by calling them “manufactured” homes in the article.

[texan2yankee]

https://nypost.com/2021/07/05/elon-m...orth-only-50k/ the little manufactured houses are cute.

I had a neighbor years ago who razed an old home and put up a 4000 sq ft pre fab home on the land. a two story, traditional colonial with a three car garage. it was gorgeous and recently sold for over $2 million dollars.

[cheeva]

Originally Posted by ashbeeigh

They really tried to put lipstick on a pig by calling them “manufactured” homes in the article.

Look at what the 11 billion dollar Samsung plant did for Manor ISD. Nothing.

[10scoachrick]

Originally Posted by texan2yankee

https://nypost.com/2021/07/05/elon-m...orth-only-50k/ the little manufactured houses are cute.

I had a neighbor years ago who razed an old home and put up a 4000 sq ft pre fab home on the land. a two story, traditional colonial with a three car garage. it was gorgeous and recently sold for over $2 million dollars.

Seems there are manufactured homes and there are manufactured homes. The building practices make a lot of sense, especially with goofy weather. Build most of the components in a dry, controlled setting, then move to the site and finish out. I find it interesting that "we" are still stick-building homes.

Some munis don't allow "manufactured" home building...at least that was the case when I was more interested 15 years ago. Didn't matter that the house was more energy efficient, went up faster, used smarter(green) processes while building AND looked like a site-built house when finished.

[ashbeeigh]

Originally Posted by cheeva

Look at what the 11 billion dollar Samsung plant did for Manor ISD. Nothing.

I agree with you here. And AISD built Gus Garcia in anticipation of the growth and nothing has come of it. And they're building a new middle in Mueller, when it really needs to go up near Murchison and Burnet Middle School. But that's a different thread for a different time. Also, not an argument I need to or want to get into with you.

[ashbeeigh]

Originally Posted by texan2yankee

https://nypost.com/2021/07/05/elon-m...orth-only-50k/ the little manufactured houses are cute.

I had a neighbor years ago who razed an old home and put up a 4000 sq ft pre fab home on the land. a two story, traditional colonial with a three car garage. it was gorgeous and recently sold for over $2 million dollars.

Boxabl looks likes one of those companies that is using old box cars to make houses. I don't think they're any different than a manufactured home, unless...... they get put on a foundation. And box cars put together and basically the same as modular homes. Bits and pieces put together like a puzzle to make a home. Personally, I'm waiting to buy a house with an actual foundation that, god forbid, there's ever a tornado I'll be safe in.

[kt2le]

I think that most growth triggered by the new Tesla plant will be commercial and/or industrial (warehouses and the like), not residential. I'm sure some who already live in the Del Valle area might get jobs at the new plant, which would be great, but those moving in from elsewhere will look for other residential options with better schools. The Hwy 71/Loop 130 area, with its proximity to the airport, new Tesla facility, and other businesses is booming.

[ScoPro]

Originally Posted by kt2le

I think that most growth triggered by the new Tesla plant will be commercial and/or industrial (warehouses and the like), not residential. I'm sure some who already live in the Del Valle area might get jobs at the new plant, which would be great, but those moving in from elsewhere will look for other residential options with better schools. The Hwy 71/Loop 130 area, with its proximity to the airport, new Tesla facility, and other businesses is booming.

I think you are correct.
It will become the primary industrialized area for medium manufacturing In the next decade, as opposed to the “high-tech“ production in north Austin/Round Rock/Pflugerville part of the metro.

[ashbeeigh]

Originally Posted by ScoPro

I think you are correct.
It will become the primary industrialized area for medium manufacturing In the next decade, as opposed to the “high-tech“ production in north Austin/Round Rock/Pflugerville part of the metro.

It kind of gives me the same feel as the Toyota plant in south San Antonio. It’s a trash area to live and the developments that were attempted failed miserably. But the suppliers went out that way bringing even more industry that way. I heard on some news story that every new tech job brings in five more jobs, I’m assuming lower level positions that support that higher level tech/manufacturing job. I will eat my words if it a few years people are a truly living in Del Valle, right now I just don’t see any master planned community working there, manufactured or not.

[CarnivalGal]

Originally Posted by texan2yankee

https://nypost.com/2021/07/05/elon-m...orth-only-50k/ the little manufactured houses are cute.

I had a neighbor years ago who razed an old home and put up a 4000 sq ft pre fab home on the land. a two story, traditional colonial with a three car garage. it was gorgeous and recently sold for over $2 million dollars.

There is a difference between pre fab and manufactured. Pre fab homes use real lumber and the same construction materials as a regular house. They also sit on a regular foundation. They basically just build the walls off-site and then assemble it, run utilities, etc. on site. A manufatured (or mobile) home is made to be, well, mobile. It's made with materials that allow for that. Pulled this from the web:

"Unlike prefabricated homes which are considered real estate and so maintain or increase in value over time like a site-built home, manufactured homes are considered personal property and so lose value as soon as it’s driven off the lot, just like a car. Their value will continue to decrease for the full life of the home."