Greenbriar Sustainable Living Inc V.GRB

Tehachapi Prices per Square Foot

[JefffCEO]

LetsLooseMoney9 and your partner Shneps aka your power bottom in life.

You both missed the class in Real Estate 101.  The median home price in the City is $440,000 or $280 per square foot.  Once you step above the median price, especially 25% higher, or $130,000 more, you do not get the same price per square foot as the median.  You get a lot less, like you pointed out.

You must build to satisfy the median price and scale down the square footage accordling to have the higher $$ per SF.

The world is full of these examples everywhere.  The point of the $549,000 is that buyers are willing to exceed the median by $130,000.  This means they will pay $399,000 for a 1,300 square foot cottage home of $300 a square foot.  Go to any real estate market in the world in any area, and if you are 25% over the median price, you will have to throw in a disportionate amount of square footage.  

Also, those lots are 20 years old and they have no amenities, no clubhouse, no sports fields, no nine parks, no tennis courts, etc, etc and no HOA.  So again, you are missing the point. $130,000 over median price is nothing short of awesome, but there are only so many lots available at that subdivison.

3,500 homes.  Those homes are part of a 55 lot purchase for $3.3 million PLUS they had to pay off debt.

[navajojoe]

This post has been removed in accordance with Community Policy

[navajojoe]

This post has been removed in accordance with Community Policy

[shneps]

The problem Navajojoe is you keeping asking very relevent questions that Jeff can't answer publicly. Give him a call and he'll tell everything. The conversation just can't be recorded or documented in any means. Good luck with your inquires. It is the unanswered questions that are more relevent then the promo parade Jeff provides. 

[shneps]

As for the Phantom Developments possible bid increase I certainly would assume that it comes with a wholly independent review by an external party to see if buying an asset with a net profit margin of a $174M could possible be sold for less then $100M. One heck of a fire sale deal being provided to a non-arms length shareholder otherwise.

[Darshan2]

Re:The conversation just can't be recorded or documented in any means. WRONG! There can be no love loss for the "learned ignorant". Shlepping the bs and talking through their hats. In fact, some states allow the recording of phone calls with on one party having knowledge of the recording and that party can be you.  Jeff is now the only one that's not on my ignore list. The

[shneps]

Might want to check California laws.

[navajojoe]

This post has been removed in accordance with Community Policy

[shneps]

Interesting you bring up the two tennis courts that will be shared amongst the 2,200 people that will eventually live at Sage Ranch. That's also a ton of kids that will be packed into that pool. Of the (5) parks (not nine) one exists because it actually a required retention pond for draining 138 acres of surface water. Now that you have all the engineering and landscaping drawings in

[Hubbie87]

Yeah Jeff, and what will be the fill power of the cushions at the clubhouse? They should be comfortable yet durable, and not constantly needing to be replaced. And what will be the cable package offered in the theatre room? It should definitely have the Golf Channel, but we can save some money by not having the endless soccer channels running replays of Botswana vs Lichtenstein. If we don't

[shneps]

One good thing to look foward to is the actual construction budget being implemented with the drawings all being finalized. None of this pro-forma estimates. "In total, the five fully approved infrastructure projects will immediately require 3,500 new homes in Tehachapi. Can you please post where this information about 3,500 "new" homes in "Tehachapi" comes from

[shneps]

As for the low crime rate I suppose this is helped out by the 3,000+ inmate super max correctional facility located in Tehachapi. At least with the apartment facilities being all rental units they will have a decent place to stay after release. I don't understand why Jeff never mentions the prison in his promotions. Lots of employees, contractors and inmates are going to need to be buying your

[shneps]

"With respect to price uptrend, four new small homes located seven blocks away are in escrow for $549,000 each, which is $130,000 higher per home than in the Altus report.  Perhaps Jeff can post the four home listings because if you review listings within the City proper there certainly isn't any listed. Definitely not NEW or SMALL