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re: Bait n Switch - new neighborhood S. Harrell's Ferry/O'Neal

Posted on 10/18/23 at 10:55 am to
Posted by Tomatocantender
Boot
Member since Jun 2021
4814 posts
Posted on 10/18/23 at 10:55 am to
quote:

Clearlake, the neighborhood adjacent to this development has houses in the $600k range and higher. Imagine going from having woods behind your house to having 1100 sq foot rentals.


I would be livid. Rentals are a whole different creature than home ownership. Let's just take flooding as one example. Who's more likely to clog storm drains up with junk, a responsible homeowner or a neighborhood full of renters. And the list goes on and on. I feel bad for this guy interviewed and his neighbor friend who was so pissed that he declined to be interviewed.
Posted by Jwils
Member since Jan 2012
1449 posts
Posted on 10/18/23 at 11:02 am to
Can't upvote this enough.
Posted by NOLALGD
Member since May 2014
2258 posts
Posted on 10/18/23 at 11:09 am to
I agree with the concern, but its a slippery slope. Zoning only defines how you "use" your land, not how you "own" you land. A single-family residential rental with a 12 month lease is a single-family residential use (as opposed to short-term rentals, but that's another debate all together). If the government said you can't rent your property (within reason) that would clearly be an infringement of property rights.

That said, I hope there are solutions to fix this because I do think these developments make it harder (less supply) for middle class families to become homeowners.
Posted by TheSadvocate
North Shore
Member since Aug 2020
3838 posts
Posted on 10/18/23 at 11:11 am to
quote:

I would be livid. Rentals are a whole different creature than home ownership. Let's just take flooding as one example. Who's more likely to clog storm drains up with junk, a responsible homeowner or a neighborhood full of renters. And the list goes on and on. I feel bad for this guy interviewed and his neighbor friend who was so pissed that he declined to be interviewed.



Just saw that the guy at the dead end there has his house on the market

LINK

They were very careful not to photograph whats coming up next door. Damn



Here's the dead end street view



Posted by BilbeauTBaggins
probably stuck in traffic
Member since May 2021
4687 posts
Posted on 10/18/23 at 11:11 am to
I mean, I hate this, but I got dragged for having an opinion on rental homes.

A corporation does this on a massive scale, and only then are people upset? The neighborhood across should've bought the land. What can they be upset about? Someone bought the land behind them and used it to make money. Woe is me.

quote:

Who's more likely to clog storm drains up with junk, a responsible homeowner or a neighborhood full of renters

The entrance to my neighborhood has a house that has complained about drainage issues, because THEIR tree is constantly shedding and clogging the street drain. While I do imagine that renters are more than likely to be less responsible about the outside of their home than someone who owns their home, all this situation really comes down to is people are pissed that someone took advantage of a situation and didn't benefit from it.
This post was edited on 10/18/23 at 12:33 pm
Posted by Snipe
Member since Nov 2015
11028 posts
Posted on 10/18/23 at 11:18 am to
quote:

His first red flag should have been that DR Horton is the developer



This.

Those are the shittest houses you could sink your money in.

iirc They were kicked out of Louisiana for several years for underhanded BS. Big mistake lettings them back. But there are other that follow the same model so no way to really eradicate the cancer in the housing market in Louisiana.
Posted by Tomatocantender
Boot
Member since Jun 2021
4814 posts
Posted on 10/18/23 at 11:26 am to
quote:

I agree with the concern, but its a slippery slope. Zoning only defines how you "use" your land, not how you "own" you land. A single-family residential rental with a 12 month lease is a single-family residential use (as opposed to short-term rentals, but that's another debate all together). If the government said you can't rent your property (within reason) that would clearly be an infringement of property rights.


For those of us with our heads on a swivel, we saw this really start to manifest itself with Obama's administration circa 2012. And DR Horton knows this as well. They will get a slap on the wrist for the leasing office deceitful violation because they know HUD/ACLU et al has their back with a motion to change venue to the federal courts.
Posted by RougeDawg
Member since Jul 2016
5925 posts
Posted on 10/18/23 at 11:40 am to
Simple fix the Council can do; change the zoning ordinance to require a minimum lot size of one acre for single family housing. Reduce the profit margin and the big companies will go somewhere else.
Posted by member12
Bob's Country Bunker
Member since May 2008
32127 posts
Posted on 10/18/23 at 11:42 am to
quote:

Simple fix the Council can do; change the zoning ordinance to require a minimum lot size of one acre for single family housing


That would also make housing even more expensive for homebuyers.
Posted by TheSadvocate
North Shore
Member since Aug 2020
3838 posts
Posted on 10/18/23 at 12:02 pm to
quote:

I’m questioning whether they can even rent out all these houses for the price they are asking.



Literally across the street from this development is an apartment complex with 3 bedroom units renting for just about the same amount. I believe its 20% section 8 although I'm not quite positive.
Posted by RougeDawg
Member since Jul 2016
5925 posts
Posted on 10/18/23 at 12:02 pm to
quote:

That would also make housing even more expensive for homebuyers.


Which also protects home value.
Posted by member12
Bob's Country Bunker
Member since May 2008
32127 posts
Posted on 10/18/23 at 12:06 pm to
quote:

Which also protects home value.



Yeah but you need affordable housing to be economically competitive.

There's got to be a way to discourage this kind of neighborhood apartment complex thing without restricting development that produces homes that people can actually afford. Not everyone can afford a home on 1-2 acre estate sized lots. The folks just starting out need something that works too.

What we really need to do is start enforcing the law in the older parts of town and make them viable for investors and first time homebuyers. People are avoiding areas with solid housing stock and infrastructure because the crime is too high.
This post was edited on 10/18/23 at 12:08 pm
Posted by BilbeauTBaggins
probably stuck in traffic
Member since May 2021
4687 posts
Posted on 10/18/23 at 12:36 pm to
quote:

What we really need to do is start enforcing the law in the older parts of town and make them viable for investors and first time homebuyers.

This is exactly what is going on... and look how it's turning out.

The problem is that the housing market is being controlled by people with immediate capital to spend on houses. Those people are mostly the flippers/big businesses that are doing everything and anything to make a quick big buck. This bubble that will eventually burst is going to keep growing as it has. Record high interest rates haven't stopped people from buying.

The only thing that can actually be done is for people to outright stop buying. That won't happen though. People need a place to live. They will turn to rentals/apartments as long as they can.
This post was edited on 10/18/23 at 12:37 pm
Posted by miab777
Member since Aug 2012
354 posts
Posted on 10/18/23 at 4:06 pm to
I wonder why the people in the house in the middle of the development didn't just move when they sold the rest of the land?
Posted by TexasTiger89
Houston, TX
Member since Feb 2005
24387 posts
Posted on 10/18/23 at 4:11 pm to
Are they marketing in Spanish? Watch out.
Posted by TheSadvocate
North Shore
Member since Aug 2020
3838 posts
Posted on 10/18/23 at 4:37 pm to
quote:

I wonder why the people in the house in the middle of the development didn't just move when they sold the rest of the land?


I heard it was a divorce situation and community property spat that was responsible for that
Posted by LemmyLives
Texas
Member since Mar 2019
6552 posts
Posted on 10/18/23 at 4:50 pm to
quote:

Rentals are a whole different creature than home ownership.


You're full of it. Do you think people that pay $6k in monthly rent in a neighborhood of $700k+ houses aren't responsible? Just say poor people are trashy, and get it over with. All you have to do is count the number of cars in the driveway or on the street, regardless of the home price, and it tells you all you need to know.
Posted by CR4090
Member since Apr 2023
2345 posts
Posted on 10/18/23 at 4:57 pm to
Living in the Favela any worse than living in New Orleans?

Also, as long as they don't take Section 8 or housing then at those prices, you are not going to get the undesirables. Just people with bad finances/credit. Our neighborhood is probably in the $250-$350 range and the renters here take care of the homes. Better than some homeowners.
This post was edited on 10/18/23 at 5:03 pm
Posted by TheSadvocate
North Shore
Member since Aug 2020
3838 posts
Posted on 10/18/23 at 5:04 pm to
quote:

Just say poor people are trashy, and get it over with


Yeah it's like they expect adults whose finances and credit are in a state of disarray have other aspects of their lives not in state of disarray. Preposterous.
This post was edited on 10/18/23 at 5:05 pm
Posted by Jake88
Member since Apr 2005
68441 posts
Posted on 10/18/23 at 5:06 pm to
Developers are one thin sludge layer above injury attorneys.
This post was edited on 10/18/23 at 5:13 pm
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