New Construction in Development . . . Affect on Property Values?

[maglem]

Linton Crest

Dear Neighbor,

My husband and I live in the section of Linton Crest being developed by Ryan Homes. Upon moving into Linton Crest we were greeted with ROAR signs in the neighborhood, which left us feeling unwelcomed. We understand why you would be upset-we would be too if we were promised a "luxury community", however we feel ROAR is inapppropriately addressing the issue. I am a public school teacher for the county and my husband is a professional firefighter for the county as well. We are respectable people who, like you, desired a great place to live and call home.

My husband and I feel things stated by you in your post about our section of homes is hurtful. We are proud of our home and work hard to maintain it. It is hurtful to see things written about our new home as "look(s) terrible." ROAR should take a moment to reassess who they are upset with. If you are upset with the builder, then you should speak to the builder. As a proud homeowner, we wanted you to understand our side of the situation, and our lack of control over it. It appears to the outsider that we as homeowners are to blame, however, this may not be what ROAR is intending with their signs.

Again, we are sorry in this market the value of your home has decreased. I am also sorry that you were promised a "luxury community" which you didn't receive. However, I am asking that you give your neighbors a chance, you may find that we are caring people.

Sincerely,
Your Neighbors

 

[LintonCrestROAR]

Dear Neighbor,

My husband and I live in the section of Linton Crest being developed by Ryan Homes. Upon moving into Linton Crest we were greeted with ROAR signs in the neighborhood, which left us feeling unwelcomed. We understand why you would be upset-we would be too if we were promised a "luxury community", however we feel ROAR is inapppropriately addressing the issue. I am a public school teacher for the county and my husband is a professional firefighter for the county as well. We are respectable people who, like you, desired a great place to live and call home.

My husband and I feel things stated by you in your post about our section of homes is hurtful. We are proud of our home and work hard to maintain it. It is hurtful to see things written about our new home as "look(s) terrible." ROAR should take a moment to reassess who they are upset with. If you are upset with the builder, then you should speak to the builder. As a proud homeowner, we wanted you to understand our side of the situation, and our lack of control over it. It appears to the outsider that we as homeowners are to blame, however, this may not be what ROAR is intending with their signs.

Again, we are sorry in this market the value of your home has decreased. I am also sorry that you were promised a "luxury community" which you didn't receive. However, I am asking that you give your neighbors a chance, you may find that we are caring people.

Sincerely,
Your Neighbors

Dear Maglem,

Thank you for taking the time to post. Trust me, we know new home owners are not to blame. You are just as welcome in Linton Crest as anyone else. Never have I expressed any animosity or hard feelings towards any of our neighbors or the people moving into the houses being built. I warmly welcome anyone and everyone who has purchased a home in Linton Crest as do most of my neighbors.

Existing residents tried for months prior to new construction even beginning to get the HOA and developer to talk with us about what was going to happen in the community. The response was always that they're "considering having a meeting with residents." It never happened dispite our repeated requests. ROAR formed after months of being ignored and complete frustration. Within days of my forming the group, I was invited to meetings with Ryan to discuss our concerns. Coincidence, I think not. They have made some concessions already as a result of ROAR, many of these changes have or will help future Ryan purchasers. Had the HOA and developer taken time for us from the beginning we'd never have had to take things this far.

I can understand your feelings of being "unwelcomed," and apologize as that was not our intention, but ask you to understand our position and realize our complaint is with the developers, not fellow residents. Our signs say against "Ryan" not "Ryan purchasers" or "Ryan owners". You yourself suggested we speak with the builder, trust me we tried. Forming ROAR is what we needed to do to get them to just that. Please feel free to stop by any of the homes with ROAR signs. Some already have, you'll find that we're not bad people and hold nothing against our new neighbors.

I'd be more than happy meet you and welcome you to Linton Crest as well as discuss some matters that ROAR is addressing that will benefit the community as a whole. I don't think this is the appropriate forum for that so please feel free to email me at lintoncrest_roar@me.com

I look forward to hearing from you and getting to know you as a neighbor

 

[AJL118]

Like They Said

http://www.reuters.com/article/newsOne/idUSTRE4B26KB20081203

 

[Mztk1]

On question 1. The principle of progression/regression basically says larger houses around smaller houses will regress in values and smaller houses around larger houses will increase. So, it is anticipated by appraisal theory that the values of the larger houses will go down, but the value of the smaller houses will be higher than comparable houses in neighborhoods that don't have the larger homes.

On question 2. I doubt it would add value. With amenities come costs and added costs, especially in this market, will reduce the amount one can pay towards the actual house in mortgage payments each month.

 

[Hola27]

there should of been deed restrictions. the bottom line is supply and demand. would you invest in a this property today? Some might, most might not. Tough one.

 

[Webbed Feet]

What a guilt trip!

Dear Neighbor,

My husband and I live in the section of Linton Crest being developed by Ryan Homes. Upon moving into Linton Crest we were greeted with ROAR signs in the neighborhood, which left us feeling unwelcomed. We understand why you would be upset-we would be too if we were promised a "luxury community", however we feel ROAR is inapppropriately addressing the issue. I am a public school teacher for the county and my husband is a professional firefighter for the county as well. We are respectable people who, like you, desired a great place to live and call home.

My husband and I feel things stated by you in your post about our section of homes is hurtful. We are proud of our home and work hard to maintain it. It is hurtful to see things written about our new home as "look(s) terrible." ROAR should take a moment to reassess who they are upset with. If you are upset with the builder, then you should speak to the builder. As a proud homeowner, we wanted you to understand our side of the situation, and our lack of control over it. It appears to the outsider that we as homeowners are to blame, however, this may not be what ROAR is intending with their signs.

Again, we are sorry in this market the value of your home has decreased. I am also sorry that you were promised a "luxury community" which you didn't receive. However, I am asking that you give your neighbors a chance, you may find that we are caring people.

Sincerely,
Your Neighbors

Very emotional. However, as an unbiased party I immediately recognize that your occupational statuses nor your personal public reputations have squat to do with what the original owners were promised or what the CC&R's of the project require. So I would encourage the ROAR group to be nice to you, then ignore you completely because you really don't have a dog in this fight beyond getting your noses out of joint. Stop playing innocent. You purchased there in part because of all those houses nicer than the one you bought. You did not purchase the location because it was a slum and YOU were going to end up owning the best house surrounded by inferior ones. .. . So if I lived there and was a ROAR member... I doubt you'd like me very much if you tried to lay that guilt trip on me that you posted here.

If the secondary homes by Ryan are inferior to the original homes, all I can say is the truth sometimes hurts. The mistake the original poster, and like minded other property owners, made was not immediately taking legal action against the H.O.A. and developer in the first place.

 

[LintonCrestROAR]

http://www.reuters.com/article/newsOne/idUSTRE4B26KB20081203

Thanks for posting this : ) and thank you to all who are continuing to post here. I do appreciate all your time.

I have actually been a bit busy with this issue (and with all the holiday company) and have some additional information. I'll keep it brief, but wanted to add seeing as there is still interest in this thread.

ROAR was able to get the county supervisor and proffer administrator out here to view recent and current construction. They found many proffer violations and issued immediate cease and desist orders against all construction until the new builders get their floorplans and elevations approved for the community woohoo

Also The Washington Post will be running an article on us in Monday's paper (Dec 8th). I spent several hours with a reporter completing an interview and showing him the neighborhood then a photographer was out with me for over an hour taking pictures. I'll post a link if they have the article on their website - I was told it was going to be in the business/financial section.

Unfortunately, for many new subdivisions, the market is making this a more and more common situation.

Best wishes to all

 

[John Hopkins]

We have the same thing here in the PNW. The difference is it is government mandated. "AFFORDABLE HOUSING". To get a subdivision approved to build "McMANIONS" developer must agree to a percentage of "AFFORDABLE HOUSES". The smart ones build and sell the "GLAMOUR" homes first then the homes with only one garage door.

In the builders defense I wonder. Is the market for 'McMANSIONS" saturated?

 

[Webbed Feet]

We have the same thing here in the PNW. The difference is it is government mandated. "AFFORDABLE HOUSING". To get a subdivision approved to build "McMANIONS" developer must agree to a percentage of "AFFORDABLE HOUSES". The smart ones build and sell the "GLAMOUR" homes first then the homes with only one garage door.

In the builders defense I wonder. Is the market for 'McMANSIONS" saturated?

Market Schmarket! If the new builder did not wish to comply with the CC&R's and other legal restrictions that set community standards, then the new builder should NOT have purchased those lots! Requirements to comply came first, the issue of the market was secondary.

What you are wondering about is like suggesting a red light light at an intersection was appropriate a few years ago, but now since quite a few people are running light maybe there is some sort of defense that can be rationalized to be used to speak good of them for doing so. The new builder has been running a red light and not giving a rats *** who he hits while doing it. So maybe we should not be poising questions suggesting the accident victims are to blame. If the new builder doesn't want to stop for lights then he should have avoided roads that already had them!

 

[Loosedog]

Very emotional. However, as an unbiased party I immediately recognize that your occupational statuses nor your personal public reputations have squat to do with what the original owners were promised or what the CC&R's of the project require. So I would encourage the ROAR group to be nice to you, then ignore you completely because you really don't have a dog in this fight beyond getting your noses out of joint. Stop playing innocent. You purchased there in part because of all those houses nicer than the one you bought. You did not purchase the location because it was a slum and YOU were going to end up owning the best house surrounded by inferior ones. .. . So if I lived there and was a ROAR member... I doubt you'd like me very much if you tried to lay that guilt trip on me that you posted here.

If the secondary homes by Ryan are inferior to the original homes, all I can say is the truth sometimes hurts. The mistake the original poster, and like minded other property owners, made was not immediately taking legal action against the H.O.A. and developer in the first place.

This really is a BOLD statement to MAKE! "You purchased there in part because of all those houses nicer than the one you bought." I am sure if all the houses were the same quality and as nices as their's.. They would have bought. You make a statement based on what? I bought in an area where all the houses were all the same style and size. We have upgraded our home (built a sunroom, added in-ground pool and 3 car garage, and now we have the nices one on the block..I don't think they were laying a guilt trip on you but may just be miss informed!!! Do you really think that Ryan homes told them what ROAR was about or did they keep them in the Dark...This is not my fight but when did it become yours?:new_2gunsfiring_v1: