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I love how you define people making $39K a year as "blight," zen_klown.
The best predictor of school test scores is the average level of parental educational attainment and that in turn is associated with income. As you bring in the renters, you pull down the average levels of parental attainments and you start pulling down the test scores. The more this happens the more blight in the neighborhood. When you can qualify for section 8, making $39k a year, you are setting up a policy that contributes to blight.
Originally Posted by wburg
Except that isn't what happens. What actually happens in the real world is that people drive from whatever affordable neighborhood they can find to work at Starbucks or Petco. None of those places are starving for employees, nor do they have to pay particularly much to keep their stores staffed.
If these people aren't starving for employees and don't have to pay particularly much for employees doesn't that suggest that there isn't a problem here? Aren't you instead advocating a solution in search of a problem?
Let us look at what really does happen in the real world. Meadowview is adjacent to Greenhaven. Oak Park is adjacent to Curtis Park, Elmhurst and close to East Sac. Natomas is adjacent to South Natomas and Del Paso Heights. Anatolia is nearby Folsom Blvd. Elk Grove is in pretty close proximity to Valley High. Auburn Bld isn't that far from Arden Park. Without these mandatory low income housing projects, the poor still aren't particularly far from any of the neighborhoods where the wealthier folks are living.
But what the region is lacking is housing for educated intact married folks with kids. Because they can't find that in Sacramento County, they are moving out to Placer County or to El Dorado County. Look at the tax base that is bleeding out to Roseville. The largest shopping region in the area is now the Roseville Galleria. The employers looking for a quality work force are moving to be near where the educated work force is, that means going out to Folsom, out to Roseville, out to Rocklin and down the highway 65 corridor. There are reasons why Intel and HP located where they did and lot of it has to do with the quality of the local workforces in those locations.
The net effect of the policy that you are advocating is the sprawl you claim to detest. This is a policy that is completely counter productive to the goals you want to address.
Originally Posted by wburg
Do folks who qualify for low-income housing not count as "people" to you?
Everyone is a person, but not everyone contributes equally to living in safe community. There are a lot of negative social indicators associated with poverty. There are a lot more gang members in Meadowview than in Folsom, El Dorado Hills or Granite Bay. When gang members come to your local school you pull your kids out of that school and move.
During the 70's mandatory bussing programs drove off a lot of the middle class in the city of Sacramento and pushed it into Arden Arcade, Citrus Heights and Fair Oaks. This is also why those areas never wanted to be annexed into the City of Sacramento. When you heard that your kids were going to be sent to a schools with gang members, you either moved into the SJUSD which didn't have a mandatory bussing program or you sent your kids to private schools. New folks moving into the area just avoided the SCUSD completely and moved straight into SJUSD. Only when the bussing order was finally lifted in SCUSD did the area start to recover.
People with more resources will commute far if necessary to avoid sending their kids to bad schools. Mandatory low income housing programs are the modern equivalent of bussing programs. They are programs that have the effect of destroying the local public schools.
My family and I are looking for a home off highway 50. We have looked at Folsom, El Dorado Hills, Fair Oaks, and now Rancho Cordova (Anatolia). Our budget is about $350,000. For that price the type of home you can purchase in those areas varies greatly. I know that Rancho Cordova is not as desirable as the other locations but Anatolia seems like a very nice, safe and well planned area. We can get a new, energy efficient 3,000 square foot house in our budget in Anatolia. In Folsom and El Dorado Hills our budget will get us an older home and less that 2,000 square feet.
Are Folsom and El Dorado Hills that much nicer??? This will be our first home and definitely won’t be the house we retire in, but plan on spending at least 5-7 years there. We have one daughter who will be going to private school so the school district isn’t that big of a deal for us. I would appreciate any of your thoughts on these areas.
There is no 95472 zip code in the Sacramento region, let alone Ranch Cordova, but there is a 95742 zipcode that is in Rancho Cordova. That area includes Antolia and Mather. I am pretty sure that the article is referring to this area as the fourth worst in the country for zipcodes with negative equity. Apparently that neighborhood has been hit especially hard by foreclosures.
"Falling prices have pushed down real estate values, but some areas have been hit harder than others. One Rancho Cordova ZIP code — 95472 — is the fourth-worst in the country for “negative equity,” meaning homeowners owe more on their mortgages than their homes are worth, according to First American CoreLogic, a real estate and mortgage information company in Santa Ana. The company said 84 percent of homeowners with mortgages in that ZIP code have negative equity and owe a total of $120 million more than their homes are worth as of October. The report applies only to homes with mortgages. No other Sacramento-area ZIP codes made the list."
I think this negative equity ranking of the zip code is generally due to the fact the area had practically no homes prior to the 2002 period, and the vast majority of homes were sold near the peak of the housing boom.
Anatolia is a new area that is not completely built out and most likely won't be finished being built out until this down market recovers. Foreclosures and rentals are high in the area currently. They had planned to build a high school, two middle schools I think, and several more grammar schools but these plans are on hold. There is currently 1 grammar school and its first ranking came out just recently. It is very high I will add. The people that a that bought here when it was new a few years ago are definitely not in a good equity position but those that are buying in that area now are doing much better.
My husband had a listing in the area recently that sold for $370,000.00 it was an REO, in so so condition. It was 4000 square feet and the original buyer purchased it for over $700,000.00.
I think the buyer got a great deal and in time will see some good equity.
I've lived in Rancho my whole life..if you are thinking about Anatolia I'd have to say that it is definitely a nice neighborhood, but pretty lonely. the closest grocery store is like 15 or 20 minutes away and there's not a TON of people who live there either. Yes, Rancho may not be as rich or desirable of a neighborhood but I still enjoy it. It's pretty close knit, which I like, and it is getting bigger. Anyway, I work as a nanny for a couple in Gold River and I would definitely recommend gold river like the other person said. The area is really nice, no homeless people wandering down your street or anything. They have 24 hour security patrol cars that drive around just making sure everything is fine. Almost every village has a camera at the entrance for safety. It's wayyy closer to stores than Anatolia, and you can get to it by Sunrise or Hazel which is nice. It does take awhile to get there in traffic though, that's a downside. A friend of mine lives in Folsom, and it's nice. I guess you could say it just depends on where in folsom you live. There's a newer folsom and an older folsom, but both are ok really. My granparents and cousin live in El Dorado Hills, and they like it. It's pretty quiet there, and there's never any hobos or anything even close to that. It's a small city, but they're getting bigger. They just put a movie theater in and a new shopping center. Not gonna lie, it is a pretty ritzy neighborhood, especially the serano area, and the people can be sort of on the snooty side at times. I'm not sure if it matters any to you, but fireworks are illegal in El Dorado Hills because of the fire hazards so you'd have to go to folsom or something for 4th of July. Anyway, hope it helps at least a little. If you have any questions you could email me, because I'll check that more often than this site. [email]email@example.com[/email] -kt
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