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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They're going to have to come down on price. People just aren't into living out there as much these days as they did back in its heyday in the 80s. [/quote]

They've already come down in price before officially releasing these latest prices.  They don't lower them again and FWIW, I think it's priced fine.  Houses in that neighborhood are mostly in the 1m+ range.

That said, I wouldn't be surprised if TB keeps the current prices but heavily incentivizes folks to purchase (i.e. "we'll finish your basement if you sign here!").[/quote]

Looking at their other properties (Linden Farms and Mehr), they are not offering incentives or price reduction at this time, so not sure if that will happen. Given the limited number of people that have bought at these places I’m hopeful they will come down on price. While it’s “normal” for this area to be 1M+, it’s not during these times and certainly not while redistricting is on the table. When I called and asked, I was told the Palatine will be around 1.5M and that’s without lot charge and structural upgrades along with design center costs. This would mean the model home is around 2M+ which is absurd given the economic and educational unknowns. [/quote]

Agreed, but what if schools change? Strong possibility that this area becomes QO...if you buy a 2M house and then schools change, not only will your value drop, but so will the price of the next guy buying. They would have to drop the price which screws the person who bought earlier. They need to factor in the uncertainty. Remember, there are 3 phases...even if schools stay the same, 1.8M+ (all in for Orchard Collection after lot fee, upgrades and design center) is at the top of the market. Prices always rise with new phases...no room to go up as they are already hitting the top with phase 1. The fact it’s even called “Orchard” for Quince Orchard is a little disconcerting for me. Would psychologically feel better if it was called the “Wootton Collection”. Almost as though Toll knows something we don’t.
Not for nothing but there are other homes in the area that go for $2m+.  Besides, I Drove up to the palatine model and it’s a monster.  I can see $2m being the market value for it.  I  don’t think there will many of those.  The question is whether or not the lesser 2 models (1-1.2m) will sell and how easily.[/quote][/quote]

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