Villages of Columbus - Columbus Grove - Lantana

NEW -> Contingent Buyer Assistance Program
<p>1. Waste Management garbage collection site. - Wind blows the wrong way and you are in for a surprise.


2. Gravel pit for cement trucks - They go 24/7 but not thru your neighborhood.


3. Self storage, uhaul body shops, small warehouses and workshops.</p>

<p>Go up warner, before you reach jamboree, turn left onto construction circle. I use to have a warehouse in there ;)</p>
 
<p>Base pricing As of 9/9/07:</p>

<p>Residence 1 - $799,834</p>

<p>Residence 2 - $860,834</p>

<p>Residence 3 - $879,992</p>

<p>Inventory list has 3 left from phase 4 (November move in) and 10 from phase 5 for December move in. Last move in scheduled for spring. Jerry told me they were "very motivated" on the 3 from Phase 4 --- all three can be had with $35k for incentives or rate buy down. </p>

<p>The three Phase 4 which all include pre selected updgrades are:</p>

<p>Plan 1B - Lot 78 - $827,990</p>

<p>Plan 1BR - Lot 164 - $822,990 </p>

<p>Plan 3B - Lot 160 - $904,490 </p>
 
I got an email last Friday saying one of the lot (162) had $40K incentives. I would think the remaining phase 4 should have equal incentives now as well.





I believe phase5 now have $25K incentives.
 
I just received a call from the salesman at Lantana, they are now offering incentives of $100K on all of their remaining homes. The base pricing listed by CK above on 9/10/07 is still in effect. A couple of weeks ago I almost purchased a Plan 1 there, at that time they were offering 40K in incentives. The incentives are tied to using their lender (Lyon Financial Services), however, during the negotiations, I got them to agree to use our lender and still give the incentives. One of the reasons I did not purchase was due to all of the great info listed here at IHB (specifically, Irvinerenter and BKshopr, both very intelligent and thoughtful). I am very happy I didnt buy a couple of weeks ago!!!
 
i went by this past weekend and they gave me a 120 k incentive. the lame part is they only allow you to apply 6% off the price of the home. the price is only to continue to drop. It's been 4 weeks and they still have the same 14 homes on the block for sale.
 
Lyon is a December 31 year end. I cant wait to see what their prices/incentives are in late November/early December when they make their big push to get these houses off of their books.
 
also, they're a lot more strict with their loans. you need 20 % to go stated, so it's more reason to wait and let the prices fall.
 
<p>Uh-Oh.</p>

<p>The Protesters are going to need to dust off their signs and get their lawyers back on the phone...</p>

<p><a href="http://forums.irvinehousingblog.com/discussion/158/price-haircut-protesters-columbus-grove-william-lyin/">http://forums.irvinehousingblog.com/discussion/158/price-haircut-protesters-columbus-grove-william-lyin/</a></p>

<p>These sure aren't million dollar houses any more, are they?</p>

<p>SCHB</p>

<p> </p>
 
What are people _itching about? They agreed to pay a certain price for a property. Did the property come with a guarantee of appreciation or even a guarantee against depreciation?
 
Agree - these people who are complaining have no accountability. Im sure they didnt sign something guaranteeing the builder any share of the upside.
 
<p>They are naturally upset that their homes have lost significant value. We don't need to be so callous as to pretend it is hard to understand why. Although I'm not defending their decision to buy, it is an understandable human reaction for them to feel this way when it doesn't work out.</p>

<p>Having said all that, they took risks and shouldn't be protected from the downside of those risks. I'll be waiting to buy a home similar to these at the realistic prices when the dust settles.</p>

<p>SCHB</p>
 
<p>All this would be a moot point if they prices were still going up. Their sense of entitlement disgusts me. When I play my cards wrong in Vegas, they don't refund me my cash, and the same applies to any other business or financial transaction I undertake. The homeowners reaped all the benefits of owning and selling their homes when the prices went up, and the same should apply when they drop. They should take responsibility for the situation they've put themselves in and stop blaming others for it. </p>

<p>Wait... Can I use the word responsible and 100% financing in the same sentence?</p>
 
SHB - Yes, I feel poorly for anyone who loses money, but I do not, for a second, think that they have anything to complain about.
 
<p>maybe the husband is looking at the wife or the wife is looking at the husband...and they dont want the other to blame them so let's go and blame the builder???</p>
 
<p>Yes the complainers want 100% protection against the downside but want 100% of the upside, which is not how free markets work. Investors in the stock markets know they can make profits but they themselves are responsible for losses. Nobody is going to bail them out for bad stock picks, why do homeowners think the developer (or taxpayers) should bail them out for bad housing picks?</p>
 
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