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re: Developer Wants to Sell Modular Homes In Mid City
Posted on 3/23/17 at 11:20 am to Jim Smith
Posted on 3/23/17 at 11:20 am to Jim Smith
quote:
174 sq/ft before the flood bought a nice house. Now it buys a home that was put together in sections.
Modular housing is no worse in quality then most spec housing.
2
Posted on 3/23/17 at 11:20 am to tke857
quote:
I will defer to people more familiar with the area. Ive lived all my life off of Highland so I am no expert in that area. If that's the style of houses down there and it "fits" in then I guess it isnt a huge problem. Just still seems crazy a modular home is going for that price
I'd say the land is likely the biggest factor in driving those $/sf prices up. The thing about that area is that it's on the front line of the ghetto so burglary is always an issue.
Posted on 3/23/17 at 11:22 am to RogerTheShrubber
The bones of modular houses are actually substantially better than spec houses
Posted on 3/23/17 at 11:24 am to RogerTheShrubber
quote:
Modular housing is no worse in quality then most spec housing.
I lived in a mining town in AZ that went back to the 1880s. There were a lot of old Sears Roebuck modular houses from the 1910's that were still standing and actually in pretty nice condition.
Posted on 3/23/17 at 11:24 am to Jim Smith
Years ago many of the Craftsman bungalow style homes were sold in kits or partially built. Difference is, those homes didn't have cheesy vinyl/metal windows and fake wood floors like these probably will.
Posted on 3/23/17 at 11:25 am to upgrayedd
quote:
The thing about that area is that it's on the front line of the ghetto so burglary is always an issue.
yeah that was my thought process. no clue why prop values are so high right there but then again we have this problem all over BR. "nicer" areas surrounded by the not so nice.
Posted on 3/23/17 at 11:28 am to Jim Smith
quote:
The only housing crises we are in is the one created by greedy real estate agents and developers.
No it's not. It's created by supply and demand and the supply of housing in neighborhoods not next to or surrounded by culcha is low. Anything that is in a decent area will be highly inflated.
Posted on 3/23/17 at 11:28 am to tke857
quote:
yeah that was my thought process. no clue why prop values are so high right there but then again we have this problem all over BR. "nicer" areas surrounded by the not so nice.
Prices in that area have always been high. Everyone wants the quaint garden home in the old neighborhood. That's why the garden district and Southdowns command such high prices for homes that are a giant PITA to keep up with.
Posted on 3/23/17 at 11:28 am to upgrayedd
quote:
The thing about that area is that it's on the front line of the ghetto so burglary is always an issue.
That's bull shite and why the area is in such high demand.
Posted on 3/23/17 at 11:29 am to Jim Smith
I've heard worse ideas... up until...
I think this sort of idea could work for fresh graduates, young families, grad students, other decent people that want to live closer in but can't afford garden district or Southdowns prices.
However, $217,500 for a 1,256 sq/ft home is still likely pricing their target market right out of buying the house.
quote:
$174 a sq/ft in Mid City. Can't make that shite up. $217,500 for a 1,256 sq/ft home.
I think this sort of idea could work for fresh graduates, young families, grad students, other decent people that want to live closer in but can't afford garden district or Southdowns prices.
However, $217,500 for a 1,256 sq/ft home is still likely pricing their target market right out of buying the house.
Posted on 3/23/17 at 11:30 am to upgrayedd
quote:
There were a lot of old Sears Roebuck modular houses from the 1910's
Yeah a lot of those old homes were. They were better quality than most of the crap today.
Posted on 3/23/17 at 11:30 am to Jim Smith
Big difference between modular homes (your subject) and mobile homes (your op).
ps - just so you know, mobile is a metal box on wheels. Modular is just like a regular house but its built in sections at a factory then assembled at the homesite.
ps - just so you know, mobile is a metal box on wheels. Modular is just like a regular house but its built in sections at a factory then assembled at the homesite.
This post was edited on 3/23/17 at 11:33 am
Posted on 3/23/17 at 11:31 am to Loungefly85
quote:
No it's not. It's created by supply and demand and the supply of housing in neighborhoods not next to or surrounded by culcha is low. Anything that is in a decent area will be highly inflated.
Yeah, it seems as if BR has gone to disposable neighborhoods. Build cheap housing, get decent owners the first few rounds, the trash moves in, then off to the next development. Pretty much like the apartment game.
Posted on 3/23/17 at 11:36 am to upgrayedd
quote:
Yeah, it seems as if BR has gone to disposable neighborhoods. Build cheap housing, get decent owners the first few rounds, the trash moves in, then off to the next development. Pretty much like the apartment game.
This. Even the newer upscale neighborhoods they are building houses right on top of each other. I guess that's ok if you don't want a yard and space between you and your neighbor and I get convenience and being close to everything is nice as well. However, as I got older I did a 180 and valued land, space, and "peacefulness" as priority. Very few places within BR you can find that.
Posted on 3/23/17 at 11:38 am to tke857
They are paying a premium for land that doesn't flood, and trying to save on the house that goes on it.
Posted on 3/23/17 at 11:39 am to Jim Smith
Just as an FYI modular and mobile are not the same thing.
Posted on 3/23/17 at 11:40 am to tke857
quote:
This. Even the newer upscale neighborhoods they are building houses right on top of each other. I guess that's ok if you don't want a yard and space between you and your neighbor and I get convenience and being close to everything is nice as well. However, as I got older I did a 180 and valued land, space, and "peacefulness" as priority. Very few places within BR you can find that.
The shitty part is that you get pockets of trash throughout the city rather than relegating it to certain areas.
Posted on 3/23/17 at 11:44 am to Jim Rockford
yeah i get that and look if I was younger had 0 kids and looking to buy a starter home and worked in the area then sure I'd probably consider it.
Posted on 3/23/17 at 11:46 am to TigerGman
quote:
That's bull shite and why the area is in such high demand.
Friend of mine lived in two different houses in the garden district. Got his car broken into multiple times in one and his house got broken into at the other.
Posted on 3/23/17 at 11:48 am to Jim Smith
When this bubble burts... Look the frick out.
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