I realize that it costs a lot of money to build a new house from the ground up. Land and materials are expensive. I don't expect builders to give it away.
But considering the fact(s) that:
a. We are in a recession,
b. Tallahassee has never been a hotbed of high-paying gigs, and
c. We are no longer in a seller's market ...
What is UP with this and this? And am I the only one who sees a problem with naming a house aimed at upper-income buyers "The Katrina Cottage?" Maybe I'm hating because I love this particular neighborhood and want to marry it, but this is just nuts.
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I like the "Katrina" cottage, but the name is a little WTF? And of course I don't have to mention that the price actually seems great to me. :-(
I know, girl. I know it hurts to see that pricetag and folks complaining! But there are a lot of folks here who woudl have to work three jobs to pay that mortgage.
I love all those K2 Urban Corp houses. I toured a couple on the Parade of Homes a while back and they are *gorgeous* inside. The prices seem ridiculously high though. Same with the cool old houses in midtown and Los Robles. I don't get Tallahassee real estate.
I admire K2 urban as a company. I've met the guy behind it and he really believes in returning to urban neighborhoods and throwback architecture. And I LOVE the houses. If this were a major city, the prices would make sense ... but not for this market.
It's called a Katrina cottage because that's exactly what it is. They were designed as a cheap alternative to FEMA trailers after Katrina. You can buy the plans and all the needed materials cheap from places like Lowes - it's only supposed to run about $27,200 to $46,800. People are buying them these days because they're cute, sturdy, affordable, and have a small footprint. Of course, trust Tallahassee to take a great idea and completely fuck it up.
I've wanted one for a while, but not from Frog.
http://www.katrinacottage
housing.org/
"Of course, trust Tallahassee to take a great idea and completely fuck it up."
I thought the original Katrina cottages were a great response to the post-Katrina housing crisis — affordable, green and durable. But this price is insane! This is sustainable housing for the affluent.
Most of the price comes from the overpriced lot. I've been following this development for a while, and they started with the planning and building before the market went bust. I'm pretty sure they just got left holding a very expensive bag, if you know what I'm saying.
I'd love to have my own little Katrina cottage on a few acres outside of town, though.
I do feel kind of bad for the K2 folks, because I believe in the spirit of what they're doing. Their houses are beautiful, but like you said, they got caught unawares in an awful market.
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