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re: 1 bed 2 bath tiny homes in San Antonio for $160K

Posted on 11/29/23 at 12:20 pm to
Posted by justaniceguy
Member since Sep 2020
5460 posts
Posted on 11/29/23 at 12:20 pm to
LINK /

This needs some work but better deal I think
Posted by justaniceguy
Member since Sep 2020
5460 posts
Posted on 11/29/23 at 12:22 pm to
I meant to say isnt. Maybe it is sort of safe for now but no way it will stay like that. It is surrounded by ghettos. Walzem is a terrible street
Posted by AwgustaDawg
CSRA
Member since Jan 2023
7154 posts
Posted on 11/29/23 at 12:22 pm to
There is probably a demand for such housing when priced appropriately but these are waaaaayyyyyy over priced compared to the area they are in.

I would love to know what took place for the county to allow their construction. The surrounding area is mostly typical 3/2 starter row houses. If these things sell for the price they are listed at they will increase the value of homes around them...but more than likely they turn into a blighted and under priced rental community that drives down property prices around them. It is a shame though because if planned appropriately, zoned appropriately and built efficiently and priced accordingly something along the lines of these would make a big difference in some areas.

There is a similar development in Atlanta. When they initially sold those units they had a screening process that focused on why the potential buyer wanted to live in the community. They sold those for a little less than the area price for homes of similar finishes. Within a year everyone had been bought by a investment group that paid cash and turned it into a rental community. Still a nice community because rents are ridiculously high but the initial buyers sold out as soon as the money made it practical LOL.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
7154 posts
Posted on 11/29/23 at 12:25 pm to
quote:

I meant to say isnt. Maybe it is sort of safe for now but no way it will stay like that. It is surrounded by ghettos. Walzem is a terrible street


I remember the area being a pretty typical off post military community. Not upscale but pretty solid lower middle class. But again its been a while.
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