RE:RE:RE:Median listing price in TehachapiNot sure where you're coming from with your comments related to "government interest rate subsidies and programs for green housing, or new and nice versus old"
The posting merely lays out (visually) the balances between the various housing products, pricing and percentage of each within the overall development.
All government interest rate subsidies are available to anybody that qualifies. They are not exclusive to Sage Ranch and therefore has zero bearing on the information posted.
Green housing programs are available to everybody that qualifies. How do Sage Ranch homes qualify as being any more "green" then the ones KHovanian is building?
And there was absolutely nothing in the posting comparing new houses to old houses.
As for the actual information posted (and not your quasi retort) I personally find it shows the balance of pricing throughout the project. This has always been one aspect that I've really liked about the project and JMZK did an excellent job.
As has been pointed out, "The Address" development had the availbility of "ONLY" high priced homes and this is not what the market currently needs. Market trends have all stated smaller more affordable homes are what is currently needed. Sage Ranch provides about half the project with the key market pricing. Yes, there are more higher end homes but you seem to miss the fact that when Tyler says "Tehachapi's median listing price is $449,000" that means there are homes selling between $250,000 to $650,000 by example.
Wow, does that look similar to the product pricing available at Sage?
Wow, does that mean Sage covers most of the pricing needs throughout Tehachapi?
Yes, it does. That post is a positive that you turned into a negative.
What would be interesting to know is of the 300-350 reservations, where do they land within the project.
Is there an overall balance of housing requests?
Are there more on the smaller square footage? i.e. apartments and cottages
The City's Housing Element Study stated the City needs more medium to lower income housing.
Sage Ranch provides this for the city's needs.
The project will take 7 years to develop. Perhaps, with the delays brought on by the water dispute, this may allow Greenbriar to approach the city and convert some of the SFD units to smaller units. There would have to be a balance in which your substantially increasing the # of units but the smaller units also have a higher profit margin then the single family units. As infrastructure (utilities) have apparently been submitted additional water/waste volumes can't increase by too much. Projects this size, along with the amount of time to develop sometimes force developers to pivot as the housing market needs have changed over the years. The last four years have definitely changed the market but that can changed again and likely will.
Previously they had talked about building out the apartments and lower priced units first but have changed to a balanced phasing of most price ranges. I can only assume their market studies have shown this to be what the home buyers want. This would be shown in how the various phases are developed. Also in 5 years time maybe buyers are going to want larger square footage?
Get your crystal ball out.
Before going to directly attacking the poster try utilizing the information for positive effect.
As for the question related to never having a plan to go long or short. I've have stated numerous times I don't short stocks.
As for going long. How has being long worked for you so far?
I'm looking for the possibility of an entry point based on milestones being acheived or not investing at all. If I had invested in 2021 at $1.50 would that have been a smart move?
Why didn't I invest at $0.63? Because in my opinion nothing was/is fully resolved from a projects standpoint yet.
I have invested in a few FOMO related stocks. A few wins and a few losses but I have personally stopped jumping in on stocks until I see the market cap is balanced to the assets/potentials. You need an exit strategy as much as an entry strategy in order to protect your investment monies.
I generally invest based on the underlying assets with speculatory potentials being secondary.
My opinion is you take all information available, keep the good points, throw out the bad points then ultimately base whether the investment is worthy in your own mind. If you feel your long entry point is correct that's good and is your choice.
Good enough answer?
Probably not though.