i was asking because I cruised by there (Cortona) on my way back to work after a meeting because I got notice they released phase 3. Phase 3 is priced the same as phase 2 which is $855/960/1030 for models 1,2 and 3 respectively. They still had phase 2 homes (2 plan 2's and 1 plan3) which have been there collecting dust for a couple of months. I noticed that for the plan 2's, they've reached the point of no return where the builder starts selecting the upgrades. Here's the deal. They price the included upgrades at full retail (but try to sell it off as you are getting some great deal). I asked about how price reductions, incentives, etc... They said no dice and that they are selling these homes as they come on the market. Interesting, I SWEAR the price sheet says 3 homes from phase 2 available. She says they did sell some and that it's not like it was 10 years ago... duh... In any event, I'm sick and tired of bushlitting with these folks so I start asking a lot of questions. They just keep telling me that TIC believe LA is well priced, and priced to move.
I tell the lady my situation, that I currently own a home. She basically tells me that I better price it cheaper if I want to sell it. I ask why they won't lower their prices then. She comments "well the resale market is slowing, but this is a NEW home... you'd be lucky to get one of these". If this is in any way reflective of TIC's opinions then they've got a serious problem.
I was in escrow in march and fell out of escrow at my choosing. I swear, if they would have come down 10-15K I would have closed, but they wouldnt budge. Now? The current asking price is well below what we were in escrow for. The market seems to be pretty soft.
