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Homes In Mather


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#16 DrKoz23

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Posted 24 April 2006 - 02:37 PM

QUOTE(kmwandersee @ Apr 24 2006, 12:47 PM) View Post


Stink?? Nope....Haven't had any complaints there...I do know that we have protected wet lands all around Mather....but now, that's just nature...wouldn't call that "stink".



There is a rendering plant near Sunrise and Kiefer... but probably would only affect the Sunrise/Douglas area during a strong delta breeze. Except this... I don't know what's the other "stink".

#17 newday

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Posted 24 April 2006 - 04:48 PM

Asbestoshills,

What's wrong with the water at Calvin/Florin in Elk Grove?

#18 Michael Hughes

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Posted 26 September 2008 - 10:41 AM

I'm late to the convo but I'll say this.

Mather is by KB Home Predominantly and at the time they were building these had the following issues:
- were being sued for other closed military sites they had built on where they had not decontaminated properly
- sued for VERY shoddy building
- was rumored they did not clean up Mather sites as well as they could have

Now as far as I think:
- Mather is a beautiful community
- I would definitely buy there
- There are some awesome floorplans
- There are some great values to be had
- The Parks are beautiful

#19 dan76

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Posted 26 September 2008 - 12:28 PM

I know a geologist that lives in the area and does quite a bit of work with well drilling and water projects. He said that the jet fuel and toxins are not moving toward the base but away from it and is going under HWY 50 to the American River. I wouldn't be surprised if some has already gone under the river and is what has been closing the wells in Carmichael the last few years.



#20 brown

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Posted 26 September 2008 - 12:48 PM

QUOTE(dan76 @ Sep 26 2008, 01:28 PM) View Post
I know a geologist that lives in the area and does quite a bit of work with well drilling and water projects. He said that the jet fuel and toxins are not moving toward the base but away from it and is going under HWY 50 to the American River. I wouldn't be surprised if some has already gone under the river and is what has been closing the wells in Carmichael the last few years.


That's exactly what's happened.
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#21 folsomfishmom

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Posted 27 December 2008 - 11:06 PM

QUOTE (asbestoshills @ Apr 21 2006, 07:11 PM) <{POST_SNAPBACK}>
Hey all,
What do you think of all of the residential homes built in Mather? I can't believe people would buy these homes since the water in Rancho is still polluted with rocket fuel (safe to gov't standard supposedly) and I heard the homeowners have to sign waivers on other toxins because of the pollution from the water and that some homes were on ex-military grounds......The homes are so much affordable than Folsom, but do u think the people purchasing the homes (mostly young families) realize the potential harm if any?




check the plume maps they go to folsom...we moved to sunridge park...did not have to sign waivers and it has been lovely out here. Very quiet...Friendly families... nicely kept homes. I still have equity too.

#22 folsomfishmom

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Posted 27 December 2008 - 11:08 PM

QUOTE (forumreader @ Apr 22 2006, 07:27 AM) <{POST_SNAPBACK}>
There is no way that I would live there!!

It is a concern that many potential buyers might be young families with small children, who might be more adversely effected by rocket-fuel water.



Have you even looked at the gov contaminant maps..? Look at them.

#23 asbestoshills

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Posted 28 December 2008 - 04:56 PM

Could you get me the link....Folsom doesn't use ground water, it uses lake water and from what I know-actually talking to the city is that the Aerojet water some of which is technically on Folsom land, but no homes are there.......FOLSOM has some of the best water according to the City in CA, concerning quality and softness etc...ALSO, never had to sign ANY waivers whatsoever...PLEASE tell...I don't think you have the facts right..
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#24 GFFmatt

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Posted 10 July 2009 - 12:10 PM

I can't comment on any of the topics discussed, but I can say that I know someone who bought a home in Mather in November (near the golf course) and has lost $40k in it since.

I'd be more concerned about the money you're about to invest than the noise or jet-fuel. But that's just me. And i'm no real estate expert.



#25 rda

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Posted 28 July 2009 - 03:27 PM

Every decision has some risk/reward attached to it. I'll say this, we bought a home in Mather on the old military base and the 3rd hand on our second child comes in handy at the super market. laugh.gif

#26 Steve Heard

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Posted 28 July 2009 - 05:48 PM

QUOTE (GFFmatt @ Jul 10 2009, 01:10 PM) <{POST_SNAPBACK}>
I can't comment on any of the topics discussed, but I can say that I know someone who bought a home in Mather in November (near the golf course) and has lost $40k in it since.

I'd be more concerned about the money you're about to invest than the noise or jet-fuel. But that's just me. And i'm no real estate expert.


I think you have to have the same concerns, no matter when or where you buy. Even when the market was rising, buyers had to wonder when it would end and if they'd end up owning more than the property was worth.

I've got a client who just made an offer on a property in the Anatolia area, near Mather. He's relocating from another city and would rather own than rent.

We looked at a lot of data on the area.

No one knows when the market will bottom out, but I can tell you that prices are low enough in many markets that people are starting to bid higher than asking prices. In the community of Mather, there have been 28 homes sold in the past 90 days. 21 of them sold at or above asking price.

I've seen similar numbers in some other areas around the region.

Tell your friend to hang on. It will come back eventually. We won't see 25% gains, as we did in 2003, but eventually, the REO will be bought up and the market will return to normal.

Steve Heard

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Keller Williams Realty

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916 718 9577 


#27 GFFmatt

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Posted 29 July 2009 - 05:41 PM

QUOTE (stevethedad @ Jul 28 2009, 06:48 PM) <{POST_SNAPBACK}>
I think you have to have the same concerns, no matter when or where you buy. Even when the market was rising, buyers had to wonder when it would end and if they'd end up owning more than the property was worth.

I've got a client who just made an offer on a property in the Anatolia area, near Mather. He's relocating from another city and would rather own than rent.

We looked at a lot of data on the area.

No one knows when the market will bottom out, but I can tell you that prices are low enough in many markets that people are starting to bid higher than asking prices. In the community of Mather, there have been 28 homes sold in the past 90 days. 21 of them sold at or above asking price.

I've seen similar numbers in some other areas around the region.

Tell your friend to hang on. It will come back eventually. We won't see 25% gains, as we did in 2003, but eventually, the REO will be bought up and the market will return to normal.


I disagree with you Steve. I realize my opinion is notta-so-good for your personal interest, but I believe the truth is the housing market is gearing up for an even bigger tank than experienced over the last 18 mo. There is another level of the housing bubble on the cusp of bursting...not to mention the commercial real estate bubble that is going to burst as well.

Not what I want to happen, but what all true indicators point toward. Am I big student of history & economics--and in my evaluation we are headed for times that your average American in 2009 can't even conceive of.

#28 asbestoshills

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Posted 29 July 2009 - 06:17 PM

Ditto and GFFMatt is correct! This isn't the worse by far.....
Americans, don't just come in one color or race.

#29 Steve Heard

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Posted 29 July 2009 - 06:56 PM

QUOTE (GFFmatt @ Jul 29 2009, 06:41 PM) <{POST_SNAPBACK}>
I disagree with you Steve. I realize my opinion is notta-so-good for your personal interest, but I believe the truth is the housing market is gearing up for an even bigger tank than experienced over the last 18 mo. There is another level of the housing bubble on the cusp of bursting...not to mention the commercial real estate bubble that is going to burst as well.

Not what I want to happen, but what all true indicators point toward. Am I big student of history & economics--and in my evaluation we are headed for times that your average American in 2009 can't even conceive of.

I'm not sure what you are disagreeing with, that prices are low? That people are buying? That some day prices will rise again? That's all I'm saying, and it's not just a matter of opinion.

Lower prices are good for business. Investors, first timers, and folks returning to the market are buying at a brisk pace, while others are waiting, hoping for a further drop. One investor I know told me he's been 'storing up his acorns' and is ready to buy.

When last I checked, we had a 2.7 month supply of homes, whereas a couple of years ago, I believe it was 11 months.

There are plenty of experts making all sorts of predictions. Some promise it's going to get much worse, while others claim the worst is over, and both have their stats to prove their point.

Someone had sent me a chart showing month-by-month, when sub-prime adjustable rates would be adjusting. The peak, at over $100 million (or was it billion?) hit in May of 2008. The worst is over from THAT factor in foreclosures. Then came the warning about the 'ALT-A' (better than sub-prime but not your conventional 30 year fixed) adjustables. When the ALT-A's started adjusting however, they discovered that instead of going up, they were going down. Further, because sub-prime generally had a 2 year fixed period, while ALT-A had 3,5, 7 and even 10 year fixed periods, most ALT-A buyers had equity in their homes by the time the adjustments came, and were able to refi.

On the other side of that coin is the rumor (or fact, depending one who you talk to) that lenders are sitting on thousands of foreclosures, and that they'll unleash them all at once, flooding the market with cheap houses, causing existing homeowners to lose even more equity, and thus creating a new round of people simply walking away from the their obligations.

If that happens, we're in a world of hurt. That these thousands of foreclosures have not been dumped on the market is seen by some as an indication that the lenders want to stay in business and don't want their borrowers in good standing to suddenly walk. Others believe they just don't have 'em to dump.

I was at an investor seminar last year. The old guy presenting claimed to own at that time, 162 homes. He compared the real estate market to an elevator in a tall building. He said that we had been at the 40th floor, enjoying the view, and then came falling down. He said, "I don't think we're at the bottom floor, but I think we may be at the 3rd or 4th, so we don't have much further to go down, but plenty of room to go up. I also know that for the first time in years, when someone pays me rent on one of my California properties, there's some money for the bank, and some for me."

As I said, no one knows where the bottom is, but you can't dispute the facts: Many people have enough confidence to buy homes now, and most feel that regardless of whether they go down further, they are getting good deals.

I took out the sone of a friend looking at homes in Elk Grove yesterday. The reason he is looking now is that he is paying $1100 per month for rent. He can buy a home for $150,000 and have a payment under $1100, plus he gets the $8000 tax credit, can write off his property taxes and interest paid (I always have to say that I am not an accountant and that you should check with your accountant or tax professional to be sure). He can afford more, but he doesn't want to stretch himself thin, which is wise. He said that if he can buy for the same money he could be paying someone else, he'll do it. If the market drops even further, he said he won't worry, because he still gets all of the benefits, and he believes that someday it will come back.

Steve Heard

Folsom Real Estate Specialist

Keller Williams Realty

BRE#01368503

Owner - MyFolsom.com

916 718 9577 


#30 GFFmatt

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Posted 29 July 2009 - 07:53 PM

QUOTE (stevethedad @ Jul 29 2009, 07:56 PM) <{POST_SNAPBACK}>
I'm not sure what you are disagreeing with, that prices are low? That people are buying? That some day prices will rise again? That's all I'm saying, and it's not just a matter of opinion.

Lower prices are good for business. Investors, first timers, and folks returning to the market are buying at a brisk pace, while others are waiting, hoping for a further drop. One investor I know told me he's been 'storing up his acorns' and is ready to buy.

When last I checked, we had a 2.7 month supply of homes, whereas a couple of years ago, I believe it was 11 months.

There are plenty of experts making all sorts of predictions. Some promise it's going to get much worse, while others claim the worst is over, and both have their stats to prove their point.

Someone had sent me a chart showing month-by-month, when sub-prime adjustable rates would be adjusting. The peak, at over $100 million (or was it billion?) hit in May of 2008. The worst is over from THAT factor in foreclosures. Then came the warning about the 'ALT-A' (better than sub-prime but not your conventional 30 year fixed) adjustables. When the ALT-A's started adjusting however, they discovered that instead of going up, they were going down. Further, because sub-prime generally had a 2 year fixed period, while ALT-A had 3,5, 7 and even 10 year fixed periods, most ALT-A buyers had equity in their homes by the time the adjustments came, and were able to refi.

On the other side of that coin is the rumor (or fact, depending one who you talk to) that lenders are sitting on thousands of foreclosures, and that they'll unleash them all at once, flooding the market with cheap houses, causing existing homeowners to lose even more equity, and thus creating a new round of people simply walking away from the their obligations.

If that happens, we're in a world of hurt. That these thousands of foreclosures have not been dumped on the market is seen by some as an indication that the lenders want to stay in business and don't want their borrowers in good standing to suddenly walk. Others believe they just don't have 'em to dump.

I was at an investor seminar last year. The old guy presenting claimed to own at that time, 162 homes. He compared the real estate market to an elevator in a tall building. He said that we had been at the 40th floor, enjoying the view, and then came falling down. He said, "I don't think we're at the bottom floor, but I think we may be at the 3rd or 4th, so we don't have much further to go down, but plenty of room to go up. I also know that for the first time in years, when someone pays me rent on one of my California properties, there's some money for the bank, and some for me."

As I said, no one knows where the bottom is, but you can't dispute the facts: Many people have enough confidence to buy homes now, and most feel that regardless of whether they go down further, they are getting good deals.

I took out the sone of a friend looking at homes in Elk Grove yesterday. The reason he is looking now is that he is paying $1100 per month for rent. He can buy a home for $150,000 and have a payment under $1100, plus he gets the $8000 tax credit, can write off his property taxes and interest paid (I always have to say that I am not an accountant and that you should check with your accountant or tax professional to be sure). He can afford more, but he doesn't want to stretch himself thin, which is wise. He said that if he can buy for the same money he could be paying someone else, he'll do it. If the market drops even further, he said he won't worry, because he still gets all of the benefits, and he believes that someday it will come back.


The specific disagreement was on the topic of things coming back to normal. Which, short term history would tell us that it always does..and then gets even better.

Good insight on the different sides of the coin--and in all honesty, as someone who does NOT directly deal with property as you do (though nearly my entire family does), I hope I am wrong and that your positive outlook becomes the reality. I have done a lot of research on both sets of facts and I tend to lean toward things getting worse because it follows (along with the current policies of the President's administration) nearly the same playbook as FDR's mistakes during the 30's. I think much of the recent uptick in home sales comes from exactly what you said: that the low prices has given an opportunity to people (including folks like myself) to finally buy a home at a great price (compared to a few years ago). I've been getting my ducks in a row since 05 when I discovered that the prices were a bubble about to burst...couldn't wait to take advantage of the deals we're seeing now. But I have decided to hold off because #1, I think the economy will get extremely leaner (which means my business will get very lean if people don't have expendable income) and I don't want to be tied to owning a home and being in debt. In addition, I think a lot of people who are taking advantage of these great prices will find themselves out of work within the next 12 mo. and thus potentially lose their new home.

I know it's wild speculation but I can't help but believe it due to the incredible stress on the economy right now. And I believe by spring of next year this country will be fighting for its economic survival.

I just hope I'm wrong.





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