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Old 03-17-2010, 08:56 AM
 
Location: San Antonio, TX
8,400 posts, read 20,109,630 times
Reputation: 4435

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Quote:
Originally Posted by Orincarnia View Post
majormadmax, i must have just missed you, i stopped through rivermist yesterday too. the debris pickup guys were around blocking streets.
Actually, we may have passed each other, as they were collecting while we were there too!
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Old 03-17-2010, 12:50 PM
 
410 posts, read 1,493,123 times
Reputation: 101
Here is what the city and Centex/Pulte are going to do to fix the wall.
I am sure the homeowners are delighted.


Planning & Development Services Department
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Old 03-17-2010, 02:44 PM
 
Location: New Braunfels, TX
6,257 posts, read 8,990,051 times
Reputation: 6342
Sounds like a pretty decent initial step. It will provide some long-term stabilizing effect as well. Key there is that the wall itself is still being designed - that means that they realize they need to do some real design work on it, rather than just slapping something up.
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Old 03-17-2010, 04:07 PM
 
410 posts, read 1,493,123 times
Reputation: 101
Wonder how much other homes have been devalued in the subdivision?
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Old 03-17-2010, 06:25 PM
 
410 posts, read 1,493,123 times
Reputation: 101
Houses started failing after retaining wall failure.


Rivermist crack may be causing widespread foundation issues | kens5.com | San Antonio News, Weather, Sports, Traffic, Entertainment, Video and Photos
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Old 03-21-2010, 08:31 PM
RGJ
 
1,902 posts, read 4,015,402 times
Reputation: 848
and now this....why? Seems like Pulte is trying to do the right thing. They inherited this problem from Centex when Pulte bought Centex. Don't they know that Pulte is not going to buy every house in the subdivision back and they are only hurting themselves? Now, If I were a realtor, banker, appraiser, inspector, I wouldn't touch any homes in this area with a ten foot pole

Rivermist residents' message to buyers: Beware the Pulte pigs | kens5.com | San Antonio News, Weather, Sports, Traffic, Entertainment, Video and Photos
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Old 03-21-2010, 08:54 PM
 
Location: San Antonio, TX
8,400 posts, read 20,109,630 times
Reputation: 4435
Pulte is buying back 27 of the homes, which appears to be everyone directly affected by the landslide when you look at a map of where it all occurred.

However, I think the protesters are those who are indirectly affected by all this. I am sure home values in this subdivision have dropped for everyone, as this is not an incident that people quickly forget.

Still, to think the builder will buy out all homes is ridiculous; so basically those who were not directly affected by the buy-out are in a no-win situation.

Sucks, but there it is. However, these acts are not going to help their cause.

Cheers! M2
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Old 03-21-2010, 09:29 PM
 
Location: New Braunfels, TX
6,257 posts, read 8,990,051 times
Reputation: 6342
It reminds me of some m/c owners when a well-known maker was found to have some pretty serious frame issues. They moaned, groaned and kvetched all over the internet, THEN acted surprised when the resale value dropped by a good 20% over their historical averages. Thankfully, I'd already sold mine by then - but you still see 'em complainin'.
IMO, the other homes in the area aren't physically affected by the issue, and if we were looking to buy a home, I'd be in there seein' how cheaply I could steal one.
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Old 03-22-2010, 04:26 AM
 
Location: Charleston, SC
5,615 posts, read 12,794,568 times
Reputation: 2534
No joke - one of the unaffected houses would probably make a great rental.
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Old 03-22-2010, 07:07 AM
 
12 posts, read 26,003 times
Reputation: 13
Do any of you realize how much expansive clay fill went into Rivermist? It is well known that the first wall failed and was rebuilt in 2007. Rep David Leibowitz’s office asked the River authority and the city to look into it in 2007. The City knew about it and in fact city officials visited the subdivision about so much soil being hauled in there. There is anywhere from 10 feet to 30+ feet of expansive clay soil fill that was hauled in throughout the community. Treewell Glen the most famous street where the entire hillside is braking up is a manufactured hill with a street plus houses on either side, which was created with over 30 feet in depth of un-compacted fill to create Cliffside lots.
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