Quote:
Originally Posted by tildahat
Recycling my comment from the Chron website regarding Gregor's article:
Um...there has only been one phase at Mueller so far. And it had about 19% affordable housing. They'll have to do over 25% in the future just to meet their minimum. Plus there is a HUGE gap between the affordable and market housing which in practice means middle class families are excluded from Mueller. Sure, this might be addressed in Phase 2, but I hope no one is holding their breath...
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Wow didn't know this. Very interesting. I've been through a few of the affordable houses in Mueller and they are really not very nice (not surprisingly). The problem is that the next Phase all the builders are going to increase their prices by at least 10% (straight from their mouths when I asked each one of them). What's going to be interesting to see is how this gap continues to grow like you have suggested.
I'll be surprised if you can get into Mueller in phase 2 for under ~$275k, unless of course you can afford the affordable housing.
What really — about Mueller is that when they announced the prices from some of the cheaper houses in the neighborhood were around $160k to $180k or so. When they were actually built and real prices hit the market they shot up almost $100k. What a crock!
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