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Old 10-16-2014, 03:36 PM
 
6 posts, read 9,710 times
Reputation: 10

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@nissan the drops will pan out. I have been hearing about them. I have the inside information since I know executives at the custom home companies.
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Old 02-13-2015, 03:12 AM
 
190 posts, read 288,346 times
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Quote:
Originally Posted by transplantintofrisco View Post
@nissan the drops will pan out. I have been hearing about them. I have the inside information since I know executives at the custom home companies.
So did they pan out?
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Old 02-13-2015, 07:36 AM
 
446 posts, read 846,300 times
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They did not pan out. Base pricing remained stable, though they increased ~$5K 2 wks ago. Lot premiums decreased for a short period, but now are back to what they were.

We ended up going for another lot that was a corner lot and has no water tower "view." We got in at a good time for us where StanPac was only requiring $9K @ contract and 40% of options over $35K. They have now changed policies such that it's something like 3% @ contract and 75% of options over $25K.

Contracted in early Nov., they're at plumbing rough right now and will likely pour the foundation in the next 2 wks. Build times are still in that 8-9 month range.
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Old 02-13-2015, 10:42 PM
 
153 posts, read 226,051 times
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Quote:
Looking for some help/opinions from you guys on whether it makes sense to pay a lot premium... there is a giant water tower
Considering all the ongoing thrash over foundation problems, and the conjecture that these are caused by excessively dry soil, you might consider the water tower from a different perspective.

To begin, if you live where the ground is too dry and your house develops foundation problems, who ya gonna blame?

But, suppose your house is close to a water tower. Suppose also that the residential water pressure is high due to the close proximity to the tower. Suppose that there could be an increased chance of subterranean seepage from the water distribution system- not big leaks, just ongoing seepage and not enough to merit a public works project. Then perhaps the moist soil near the tower would mitigate the potential for foundation problems caused by dry soil.

On the other hand, if the seepage becomes an ongoing excessive leak then foundation problems might also occur. But, in that case, you then sue the municipality to fix it.

As usual, your mileage may vary. What to do, what to do?
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Old 02-14-2015, 08:43 AM
 
Location: Funky town
953 posts, read 1,830,946 times
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^^^ foundation problem does not occur just because of dry soil. It is the expansion and contraction over time that causes most of it. If you can maintain the balance then you are fine. Also, I dont think it is rocket science. You just have to be conscious about it and it begins by doing a foundation inspection when you buy a house... A badly poured foundation will be difficult to maintain...
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Old 02-14-2015, 07:15 PM
 
Location: Dallas, TX
48 posts, read 61,310 times
Reputation: 57
Quote:
Originally Posted by transplantintofrisco View Post
@nissan the drops will pan out. I have been hearing about them. I have the inside information since I know executives at the custom home companies.

Such confidence in this post and as far as I am concerned very iffy info. I hope no one took a gamble with their $$$ over another poster's "inside" information. Homes that my friends and I looked at last fall are $10K to $40K more now. As long as the corporate relocations continue to be announced and more people move here I just do not think we are going to see any dramatic drops for the next couple of years.

Last edited by caramaddie; 02-14-2015 at 07:26 PM..
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