Lincoln Crossing - Got Water?
A reader sent in this photo with the following caption:
Lincoln Crossing, Placer County, Sacramento MSA: There are 15-20 abandoned homes with no utilities in the JTS subdivision so a water truck must go around every 2 days and keep the landscaping alive, while the builder tries to sell the last 13 homes to new FBs. The lesson here is that when the builder still has inventory, he cares enough to maintain the lawns!! He just doesn’t care enough to turn on the utilities and pay the water bill!
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7 comments:
This Lincoln Crossing story reminded me of an experience I had visiting a friend on the 4th for a BBQ and fireworks at a Centrex Homes subdivision there. This is a relatively new tract with some homes completed only a few months ago. Well this was the first time my friend got to meet his new neighbors. The guy across the street works for Centex and so does the guy two doors down.
Well I'm thinking they must be giving "employee discounts" that are probably just too good for the employees to pass up. This of course partially solves Centrex's inventory problem. Of course, as they curtail building (something I suspect that is on the horizon), personal costs will be contained through layoffs and these employees may be unemployed FBs.
Wow, that guy has a big hose!
Doesnt' that neighborhood look very typical of any new neighborhood in Sacramento. As for selling to the employees, it's probably the only way to put pins in the plat map right about now. And its worth the discount if they can create any traction at all to get new buyers to pony up. What slays me is the new tracts going up all over the north Sacramento area. I guess they're too deep to bail at this point.
Great photo! This is a new strategy to me.
Congratulations, here are the keys to your new home at the low low employee discount price and BTW, we are laying of your entire division.
Lander, what do you want pics of? I go out to this location each month and can confirm there's at least 15-20 empty homes that have been sitting there at least a year.
Anything you think represents the state of the housing market today.
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