Thursday, October 25, 2007

Renaissance Pointe Pet Project-Selling Houses

Anthony Ridley recently spoke to group of African-Americans who attended the Men of Action Community Meeting. Ridley, the Renaissance Pointe Neighborhood Association President, exulted the fact that the new housing was the change that was desparately needed in the area. Ridley even went on to stated that thousands of diverse individuals descended into the neighborhood to get a good look at the homes that were models to be sold in the area. A welcomed diversity seemed to be the sentiment expressed by Ridley of the potential newcomers.


Ridley suggested that over 3000 folks walked through the neighborhood! If true, Ridley failed to mention any buyers of the six models that were on display during the three day city tour.


I must confess that I am not a fan of the high price housing. I understand why. However, I believe that incentives should have drove the prices down. And those who had homes in the areas should have had the option to purchase reducing the price of the housing even more.

I believe this did not occur, (based on the lack on purchasers) because a certain demographic is being sought and these folks are not buying into the project. Those who are being displaced are seeking cheaper housing elsewhere.

Furthermore, Sterling Group have offered potential home buyers with another option. Just right out of Wayne Trace. These potential home buyers can lease a four bedroom home for at least 5 years before buying. These homes are already built in a huge clusters.

It is impressive to see an investor that stepped out in faith to built a field of dreams. A field of dreams that is already to go for those home owners who are interested.

Go by and check it out and you will see why Renaissance Pointe is still a maiden in waiting.

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