Natomas – Aside from the flood risk, is it really so bad?
You may have read something about the housing market lately. Sellers are up a creek because prices have tanked thanks to myriad factors. We may have hit bottom though: dozens of news articles are highlighting crazy good deals on foreclosed homes and from otherwise desperate sellers. Supposedly, once you read that we’ve hit bottom, we’ve already hit it an passed. Homes seem to be selling more quickly now and – in a twist of logical reasoning – saying it is so might just make it so as things even out.
We’ve been house hunting for quite awhile now. In fact, we may be the only buyers who can’t close a dang deal in this buyers’ market. We have exacting tastes and we’re good at remaining true to our budget and our wish list. Accordingly, we’re still enjoying the good life in Midtown in our lovely rental that – thanks to even-in-a-bad-market-insane-California-mortgage-land is still far less than what we’d be paying to own a place. And our landlord fixed busted lightbulbs and windows. Not a bad situation.
A week or so ago we ventured where we swore we’d never go, though . . . . Natomas. Eek! Don’t write me off as an evil suburbanite just yet. I know all the arugments against Natomas: McMansions, big box stores, irresponsible sprawl, shoddy construction, high-five-ably close neighbors, no character, and, the most important, you better have a driveway that can accomodate an ark because, brother, it’s only a matter of time.
But, you know, East Sac and Midtown – or most desireable locations – won’t be high and dry when the river busts free. Some parts of Natomas will be extra underwater, true, but does anyone have the REAL scoop on flood protection progress and which neighborhoods are slightly less screwed? Because here’s the deal: for literally $200k LESS we can buy 1400 MORE square feet than you’ll find in East Sac – where most homes in our price range spread over a generous 1000 square feet. We don’t need 2400 square feet. Yet. But maybe we will someday. At what point does it stop making sense to crap all over Natomas’s interpretation of the American Dream come-to-life with granite slap countertops, too much ceramic tile, and enough family, great, and formal living rooms so that you’d never have to spend time with your least favorite family members again?