ErraBook_monagadu Posted February 28 Author Report Posted February 28 Builder can sell at cost 500K and still be ok because they got enormous profits during COVID when people bought at double price. Even if they sell all remaining units at cost, overall they have decent profits on this project. Mana Desi people trying to sell their houses have crocodile festival infront 1 Quote
chat_24 Posted February 28 Report Posted February 28 11 hours ago, ErraBook_monagadu said: Home not selling even after price cut from $1.1M to 950K https://www.zillow.com/homedetails/7030-Provincial-St-Tracy-CA-95377/300277989_zpid/ Builder listed brand new inventory more homes this week. selling same size homes $850K with many incentives. No sales https://www.zillow.com/homedetails/5164-Wardlow-Ave-Tracy-CA-95377/447786323_zpid/ too pricey masteru...if it sells for 800k , it is a good price Quote
ErraBook_monagadu Posted February 28 Author Report Posted February 28 9 minutes ago, chat_24 said: too pricey masteru...if it sells for 800k , it is a good price No, anything above 500k is not worth in that area. A 7% interest rate on 500k and property tax+ insurance, total 48K per year means paying 4K per month to live there. There is not one upside potential in that community seriously. Why would anyone pay more than 4k per month to live there when zero potential for home appreciation? Closing costs and selling costs extra bokka 1 Quote
ErraBook_monagadu Posted February 28 Author Report Posted February 28 500k is the price houses were selling there just before covid. Slowly they will fall to that level again, Quote
chat_24 Posted February 28 Report Posted February 28 17 hours ago, ErraBook_monagadu said: 500k is the price houses were selling there just before covid. Slowly they will fall to that level again, 500 ki padatam ante market motham assame brotheru ,kalalu kanu kakapothe ekkuva kanaku Quote
ARYA Posted March 1 Report Posted March 1 18 hours ago, ErraBook_monagadu said: Builder can sell at cost 500K and still be ok because they got enormous profits during COVID when people bought at double price. Even if they sell all remaining units at cost, overall they have decent profits on this project. Mana Desi people trying to sell their houses have crocodile festival infront 2018 lo kuda 500k ki raledu kada vayya Quote
ErraBook_monagadu Posted March 1 Author Report Posted March 1 Evvadu konakunte avi 400K ki ammutaru. Isolated communities built outside Tracy are appealing only to low wage workers willing to commute to Bay Area, still own a house. That community not suited for tech workers with 5 day RTO Quote
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