44 replies to this topic

[Steve Heard]

There has to be Job growth, before there is going to be more demand for housing.

During the time period you referenced, our economy was flying so naturally demand for housing was rising and prices were rising too.

Exactly! That's why I don't think we'll see an explosion of growth south of 50 any time soon. My point exactly.

There is a HUGE risk for anyone who buys into S50 in the early development stages! If the Development stops, those early buyers are going to be holding the bag for all the unfinished infrastructure!

I don't know why ANYONE would invest over there and face those uncertainities, when they can buy N50 and avoid all those potential downfalls?

Although I'm certain there would be some buyers in the early phases, the key is that there aren't a lot of developers spending money on building, because they look at the same numbers you do.

[Robert Giacometti]

Exactly! That's why I don't think we'll see an explosion of growth south of 50 any time soon. My point exactly.



Although I'm certain there would be some buyers in the early phases, the key is that there aren't a lot of developers spending money on building, because they look at the same numbers you do.

I'm confused are we arguing or agreeing?

[Carl G]

I'm confused are we arguing or agreeing?

You are arguing, but everyone seems to do that regardless of the situation, so don't feel bad.

[Steve Heard]

I'm confused are we arguing or agreeing?

I thought I was making a point that was being missed, but you are echoing my sentiments in different words.

Bottom line, not many buyers or sellers are willing to invest in new construction right now, as evidenced by the developer-owned-yet-undeveloped land on the north side of 50. The developers know that prices are too low and that in many cases, people can buy existing homes cheaper than they can build them. They also know that there is not enough economic growth to count on buyers swarming to the south of 50 area in enough numbers to mitigate the risk, so I don't think that we will see construction start in the next couple of years.

I caution everyone by saying that there's no guarantee that they won't start building sooner, but it just doesn't seem to make economic sense for them to do so.

[Redone]

It is rumored development may begin in the HW50 Sphere of Influence area as early as 2015 when the infrastructure pieces have been laid out. Several of my friends are concerned about investing in new and existing properties currently in Folsom as they fear prices may flatten out or even dip when SOI becomes reality. Concern seeems valid. Let us say you want to purchase a 2000sf home in 2016, would you buy a home in one of the established areas of Folsom (15-20 years old) or a brand new one with new amentities?! What do you folks think?

There is a lot of spectulation and overreaching in this.

Rumored --by whom?
Infrastructure -- do you know what a task that is? Pick just getting water out of a faucet, that alone wouldn't happen by 2015.
Flatten out -- why ? Do you think it'll ALL be built in a month and glut the market ? That's silly.
New amenities -- why do you think that new amenities would be built in the same time frame as homes. They didn't N50.

Market conditions right now indicate high demand, low inventory, and rising prices.

I'm confused are we arguing or agreeing?

ARGREEING

"Arguing with someone you agree with"

[old soldier]

No offense, Steve, but we aren't missing that point. We, too, are also forward thinking and looking into the future. 3o years from now, Watt Ave, is going to to need an upper and lower exit and entrance ramps in order to handle the traffic. Zinfandel will be worse than sunrise is today, Folsom will be an extension of Rancho Cordova. Traffic mitigation is a huge problem. We need an expressway that runs through the center of Roseville all the way out to west Sacramento. It needs to off ramp onto the major roads at a median between US 50 and 80.

The buttress of all that growth is Folsom Lake and the lower foothillls. We need to protect this area. Keep it green. Keep it simple. Those lands should not be opened up to growth. Unless it is a park for the last surviving coyotes, skunks, and raccoon that still share the area with deer, turkeys, rattlers, and pelicans. The SOI was a sad affair. Selling out to growth instead of protecting the land that attracted Folsomites here, to begin with.

in 30 years old soldier will be pushing up daisies so he is not too worried. once south of 50 is built the traffic will be so bad that the EDH folks will have a hard time getting home at night.

[asbestoshills]

I hate to break this bad news to you but lately zillow is reporting my home value has risen 12% over the last few months. Plus on any day I'd rather live in Folsom then in EDH with a bunch of snobs.

Why do you think EDH residents are snobs, just because you don't live there? I rather live with snobs anytime, then with sketchy neighbors with a bunch of broken cars out front and a pitbull.
Folsom has a higher price per sq foot, b/c when the bubbble burstin EDHs there were more expensive homes there. However, in the future, EDH will have a higher sq foot price I think b/c of the location. Look at Elk Grove. Most of the people I know who bought there moved out after five years b/c of the random break-ins. It's located next to South Sac, not the best community in the area and the crime spills over to the new suburban areas. This is how Folsom will be. The homes will be cheap KB type homes sold for half of what we paid I'm sure and then let the rentals come in. Look at Mather. I have a relative who lives there and they built these houses in the middle of nowhere and it still is crime ridden. They have a community pool and gym, but they still have car break-ins vandalism etc b/c of the proximity to Rancho Cordova. It's really a weird neighborhood, right next to a military and commercial airport. No thank you!

[Steve Heard]

I recall when I was considering moving here back in 2000, a Realtor I'd met, who lived in El Dorado Hills was trying to convince me to move up there instead of Folsom.

She warned me that the new developments, such as Empire Ranch and Broadstone were being sold to low-income buyers and that in 5 to 10 years they wouldn't look so nice. She also warned me that it would affect the rest of Folsom.

Here we are, 12 years later and Folsom is more beautiful than ever, and despite cuts to city services, and the arrival of light rail, and the population explosion, it remains one of the best places to live and to raise a family.

El Dorado Hills is a fine community, and they have some beautiful homes and a couple of great restaurants (I love Sienna), but it does not offer all of the amenities Folsom does, from the college to shopping, restaurants, parks, waterways, trails, the historic district.

Each will continue to draw interested buyers who are willing to pay more to live here than in some of the surrounding communities.

I recall when I was considering moving here back in 2000, a Realtor I'd met, who lived in El Dorado Hills was trying to convince me to move up there instead of Folsom.

She warned me that the new developments, such as Empire Ranch and Broadstone were being sold to low-income buyers and that in 5 to 10 years they wouldn't look so nice. She also warned me that it would affect the rest of Folsom.

Here we are, 12 years later and Folsom is more beautiful than ever, and despite cuts to city services, and the arrival of light rail, and the population explosion, it remains one of the best places to live and to raise a family.

El Dorado Hills is a fine community, and they have some beautiful homes and a couple of great restaurants (I love Sienna), but it does not offer all of the amenities Folsom does, from the college to shopping, restaurants, parks, waterways, trails, the historic district.

Each will continue to draw interested buyers who are willing to pay more to live here than in some of the surrounding communities.

[4thgenFolsomite]

I recall when I was considering moving here back in 2000, a Realtor I'd met, who lived in El Dorado Hills was trying to convince me to move up there instead of Folsom.

She warned me that the new developments, such as Empire Ranch and Broadstone were being sold to low-income buyers and that in 5 to 10 years they wouldn't look so nice. She also warned me that it would affect the rest of Folsom.

Here we are, 12 years later and Folsom is more beautiful than ever, and despite cuts to city services, and the arrival of light rail, and the population explosion, it remains one of the best places to live and to raise a family.

El Dorado Hills is a fine community, and they have some beautiful homes and a couple of great restaurants (I love Sienna), but it does not offer all of the amenities Folsom does, from the college to shopping, restaurants, parks, waterways, trails, the historic district.

Each will continue to draw interested buyers who are willing to pay more to live here than in some of the surrounding communities.

I recall when I was considering moving here back in 2000, a Realtor I'd met, who lived in El Dorado Hills was trying to convince me to move up there instead of Folsom.

She warned me that the new developments, such as Empire Ranch and Broadstone were being sold to low-income buyers and that in 5 to 10 years they wouldn't look so nice. She also warned me that it would affect the rest of Folsom.

Here we are, 12 years later and Folsom is more beautiful than ever, and despite cuts to city services, and the arrival of light rail, and the population explosion, it remains one of the best places to live and to raise a family.

El Dorado Hills is a fine community, and they have some beautiful homes and a couple of great restaurants (I love Sienna), but it does not offer all of the amenities Folsom does, from the college to shopping, restaurants, parks, waterways, trails, the historic district.

Each will continue to draw interested buyers who are willing to pay more to live here than in some of the surrounding communities.

Steve, that bears repeating! Glad you chose Folsom!!

[Redone]

Why do you think EDH residents are snobs, just because you don't live there? I rather live with snobs anytime, then with sketchy neighbors with a bunch of broken cars out front and a pitbull.

Wow, you really proved The Dude correct, didn't ya ?

[cw68]

I recall when I was considering moving here back in 2000, a Realtor I'd met, who lived in El Dorado Hills was trying to convince me to move up there instead of Folsom.

She warned me that the new developments, such as Empire Ranch and Broadstone were being sold to low-income buyers and that in 5 to 10 years they wouldn't look so nice. She also warned me that it would affect the rest of Folsom.

Here we are, 12 years later and Folsom is more beautiful than ever, and despite cuts to city services, and the arrival of light rail, and the population explosion, it remains one of the best places to live and to raise a family.

El Dorado Hills is a fine community, and they have some beautiful homes and a couple of great restaurants (I love Sienna), but it does not offer all of the amenities Folsom does, from the college to shopping, restaurants, parks, waterways, trails, the historic district.

Each will continue to draw interested buyers who are willing to pay more to live here than in some of the surrounding communities.

This is a perfect example of EDH snobbery. "Low-income buyers?" She should really step out of her bubble every once in a while and maybe take a look at the real world.

[Steve Heard]

This is a perfect example of EDH snobbery. "Low-income buyers?" She should really step out of her bubble every once in a while and maybe take a look at the real world.

By the way, I had another friend looking to move up here at the same time, and before she had made that statement to me, I had put her in touch with him.

He came up and looked at homes, then a few days later said he was going to be in the area on Wednesday and would like to go back and take a second look at a couple.

She told him, 'Sorry, I play tennis on Wednesdays'. He asked her if she could skip it since he was taking the day off from his business to drive up here, and she wouldn't.

I have nothing against tennis players, but she should have told him her days and hours of operation before hand and he wouldn't have been disappointed on that day, or perhaps she could have had one of her co-workers (she's from a large agency) meet him out there, or maybe she could have seen the properties before or after tennis, or maybe skipped tennis altogether. I guess she didn't need the money.

[4thgenFolsomite]

my nephew and his wife had the choice of moving to either EDH or Folsom (or anywhere for that matter). He grew up in EDH, played varsity high school football there, do the annual reunions at the Purple Place during college breaks when they were younger, etc.. They thought about it and chose Folsom, for a variety of reasons. They are very happy with their decision.

[Robert Giacometti]

I recall when I was considering moving here back in 2000, a Realtor I'd met, who lived in El Dorado Hills was trying to convince me to move up there instead of Folsom.

She warned me that the new developments, such as Empire Ranch and Broadstone were being sold to low-income buyers and that in 5 to 10 years they wouldn't look so nice. She also warned me that it would affect the rest of Folsom.

Here we are, 12 years later and Folsom is more beautiful than ever, and despite cuts to city services, and the arrival of light rail, and the population explosion, it remains one of the best places to live and to raise a family.

El Dorado Hills is a fine community, and they have some beautiful homes and a couple of great restaurants (I love Sienna), but it does not offer all of the amenities Folsom does, from the college to shopping, restaurants, parks, waterways, trails, the historic district.

Each will continue to draw interested buyers who are willing to pay more to live here than in some of the surrounding communities.

I'm only going to respond to first half of your message.

Hopefully you learned your lesson and not believe everything you hear from a Realtor, without checking out the facts. First off there was NO affordable housing planned for ER or the Parkway. Secondly, both of these developments were part of the plan for Folsom for N50. The availablity of sevices and infrastucture were already planned for without having financial impacts on existing residents. ( excluding the fact we all paid for the expansion of the water teatment plant)

There was a time when many people used to say that Detroit was one of the best places to live and raise a family too.

It wasn't that long ago, Folsom was getting recognition for its quality of life and as a place to live in national magazines, but we have been surpassed on that list by neighboring communities. You would think that might be a wake call to most, but obvisously not everyone is openminded enough to consider that.

If you are one of those who are happy that your regional sanitation rates are going to triple over the next few years, while the landowners S50 aren't paying more for their impacts, I guess that is your right. If you want to ignore that the City of Folsom is only funding about 57% of its obligated pension costs with no plan how to make up the shortfall and be in denial on how that is going to affect our future services, that too is your right. There were plenty of people who live in Vallejo who were saying the same thing you are saying a few years ago.

Steve, reading what you are saying, you must know how the cost for building all the infrastructure for the water is going to get paid for S50 or like the rest of us you'd be concerend about the impacts on those of us N50. Maybe you could share with us how that is going get taken care without our quality of life being reduced?

We are facing some serious issues that need legitimate solutions. Most of us are waiting to hear what these are BEFORE we keep going blinldy forward with out asking questions, because we've seen what happens when these issues are papered over or pooh poohed like its nothing.