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Old 03-09-2007, 09:43 AM
 
4,439 posts, read 8,192,595 times
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But subprime lenders lend money to those without the greatest credit scores or financial history. As such these companies got people in at very low adjustable rates and now those rates are adjusting upwards such that the people who owe the mortgage can't pay the note due.

This is caused an upsurge in defaults and some lending companies closing their doors.

http://biz.yahoo.com/ap/070305/subprime_lenders_fallout.html (broken link)
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Old 03-09-2007, 10:02 AM
 
Location: 78218
1,151 posts, read 3,098,887 times
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Quote:
Originally Posted by bigthirsty View Post
But subprime lenders lend money to those without the greatest credit scores or financial history. As such these companies got people in at very low adjustable rates and now those rates are adjusting upwards such that the people who owe the mortgage can't pay the note due.

This is caused an upsurge in defaults and some lending companies closing their doors.

http://biz.yahoo.com/ap/070305/subprime_lenders_fallout.html (broken link)
Ah! Now I understand your previous post. Thanks!
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Old 05-07-2007, 07:41 AM
 
Location: Somewhere out there !
34 posts, read 221,013 times
Reputation: 20
Quote:
Originally Posted by smuboy86 View Post
KB homes have a notoriously bad reputation in Texas, of the designs are poor, quality is poor, foundation problems galore. KB home community often turn into cruddy neighborhoods fast.
If you don't recommend KB who do you suggest? We are looking to buy a new home and are new to TX. What advice would you give to us?
Anything would be helpful.
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Old 05-07-2007, 08:10 AM
 
554 posts, read 2,101,338 times
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A lot of KB's bad rap is because they bought out Ray Ellison which really was a sub-par builder, and they inherited the negative attitude toward RE homes. I know several people in the home building industry and they all say that the opinion that KB makes a lesser quality home isn't really justified. They are a lower end, starter home builder like Centex or DR Horton's entry level homes. We know several people who are in KB Homes and have no complaints.
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Old 05-07-2007, 09:33 AM
 
Location: Somewhere out there !
34 posts, read 221,013 times
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Thanks for the info, so what builder( s ) should we look at?And how do we find out who's on the BAD builders list?
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Old 05-07-2007, 09:40 AM
 
554 posts, read 2,101,338 times
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If you're looking at homes similar to KB, I would look at Centex & DR Horton.

Ryland would be a good "next level" home, as would McMillin. I've been very impressed by the McMillin homes I"ve been in.
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Old 05-07-2007, 09:48 AM
 
Location: Somewhere out there !
34 posts, read 221,013 times
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Thanks again, could you be so kind as to tell me about Be-Homes(.com) now buliding in New Braunsfel. We haven't seen there work nor do we know anyone that has brought through them. But we do like one of there floor plans off of North Ranch Estates Blvd.
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Old 05-07-2007, 09:53 AM
 
Location: 281 north of 1604 - otherwise known as traffic hell
450 posts, read 1,455,308 times
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I think San Antonio Market has plenty of home builders to choose from. I live in a Pulte home and have been very impressed with it and our neighborhood. We paid more for it than the homes in the Fox Grove Subdivision, but I know Pulte makes homes at those price points as well.

During our home search, we also looked at and liked DR Horton and a couple of Centex. We weren't big fans of the way some of the Centex neighborhoods looked after a few years of people living in them - though we liked the houses. Generally, the DR Horton neighborhoods and homes were very nice - we almost decided on one of those.

Willshire makes a good home - and their neighborhoods are nice, as does Ryland - but again, these are usually at a higher price point. There is also a ton of new builders in San Antonio that we have not evaluated (because we currently have a home and are happy with it). Standard Pacific, Armadillo, Lennr and others are relatively new to the San Antonio market.

Hope that helps some and doesn't merely muddy the waters.
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Old 05-07-2007, 10:02 AM
 
Location: Somewhere out there !
34 posts, read 221,013 times
Reputation: 20
Thank you, you have enlighted us.. We are looking at new homes by Be-Homes in New Braunfels but don't know anything about them? We are unable to find them on any builders list good or bad. Things that make you go HUM...
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Old 11-14-2007, 07:44 PM
 
3 posts, read 8,121 times
Reputation: 10
We are looking at building in Fox Grove and I was wondering about the HOA. Does anyone have any info about the make up of the HOA? How about future plans of the development?
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