The Landing Tustin Legacy (Brookfield Residential)

NEW -> Contingent Buyer Assistance Program
Anyone have any ideas what other builders are charging for solar? They're using SunPower and costs are crazy high. Never seen anyone charge $16k for 3.5kW or $19k for 4.5kW before incentives. Normally, SunPower costs around $3 per watt and they want $4.57 per watt here.
 
$22,050 for a 4.9kW package from Toll Brothers. Builders have a singular mission: to bilk their customers out of as much money as possible.
 
Should anyone be paying for solar in this homebuying environment? It may be something you can get the builder to throw in.
 
bones said:
Should anyone be paying for solar in this homebuying environment? It may be something you can get the builder to throw in.
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It's part of their pre-selected upgrades. You can negotiate the price of the home because the solar package is already priced in.

Any development that started after 2020 must include solar panels, so it's not an optional upgrade.
 
CalBears96 said:
It's part of their pre-selected upgrades. You can negotiate the price of the home because the solar package is already priced in.

Any development that started after 2020 must include solar panels, so it's not an optional upgrade.
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I’m aware. Still doesn’t change my statement.
 
Anyone here who bought in the early phases potentially selling soon? Or is there a lockout period?
 
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ravi said:
Anyone here who bought in the early phases potentially selling soon? Or is there a lockout period?
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You can't transfer before coe but once someone owns it, it's their choice to keep or sell. There is only a restriction on no renting for 1st year.
 
captvinny said:
You can't transfer before coe but once someone owns it, it's their choice to keep or sell. There is only a restriction on no renting for 1st year.
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People still rent it out anyway. There is the same restriction at Bluffs by IP and people still rent out their house after COE.
 
Builders can don't crap about you wanting to rent it out after you close, it's not like they'll force the buyer to sell the home back to them.
 
If you finance owner occupied, then the lender will care of course if you rent the home. Builders get antsy when you have plenty of rental applicants touring the site, parking in the model complex, etc. They also frown on vacant looking homes (door or stoop placed advertisements piling up, weedy yards, etc.) It's all a matter of being a good neighbor, even if that neighbor is an unsold home or an active construction site.
 
Yeah we know nobody will really enforce. It's just something Tustin forced them to implement as part of the Legacy area plan to try and scare away investors but Brookfield likely does not care. In terms of restrictions though, that's about all that's spelled out. Originally I was thinking the HOA might be able to do something but i didn't see anything in the bylaws prohibiting long term rents, only short terms.
 
Do y’all see any more new homes like the Landing near the district in the pipeline? Don’t see anything online. There is quite a bit of vacant land (might be the last developable land this part of Irvine/Tustin) by the new Legacy magnet school but I suspect a good amount of apartments and offices are being planned there and I don’t see any news about new homes.
 
ravi said:
Do y’all see any more new homes like the Landing near the district in the pipeline? Don’t see anything online. There is quite a bit of vacant land (might be the last developable land this part of Irvine/Tustin) by the new Legacy magnet school but I suspect a good amount of apartments and offices are being planned there and I don’t see any news about new homes.
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Until the market stabilizes, I wouldn't expect to see any new developments coming.
 
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