RE:RE:Sage Ranch Expects to Break Ground This Summer" Look also at the cost increase in the housing in just three years. What was affordable is becoming not affordable when you add in the HOA fees (doubling), the interest rates and a 25% price increase. "
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That is the cost of the past, and continuing delays. The cost of building keeps rising, and the much higher borrowing and mortgage costs simply increase the risk of trying to develop large residential projects. I always wondered how they were going to sell that many new and expensive houses in a small market like Tehachapi. JMO