"Now they are foreclosed and might be sold for $150,000.."

Our office has sold several of those and I had a client recently who just wanted to look at townhomes, these in particular. There weren't any selling for under $220,000.

Some people like this lifestyle, no yardwork, no outdoor maintenance (siding, roof, gutters, etc.). I think there is a market for townhomes, in any community and these are beautiful.

Sounds like an agent talking!

Townhomes like these at Lexington, are really too "high-end" to rent out to Section 8 tenants. Not that Section 8 folks can't be good tenants, but it's unlikely that they could qualify with a property management company, or savvy landlord, because of poor credit history.

I've seen a few Section 8 houses in South Fulton and they are in very sad shape. However, I've also met some Section 8 tenants who have trashed a perfectly nice home, and that is also sad and unfair to the Landlord/property owner.

Terrible floorplans with the staircase intruding upon the living space at every level, less than stellar master suite and of course, the exterior look of the buildings. The "work" part of the live-work spaces feel like basements and are about 1/2 the size it should be. And that's just part of the problem.

Too any units were built, there was no market research or testing of the floorplans and features which ironically Bob Adams was an expert at doing.

The builders he sold to were rookies in PTC and they simply built their Roswell product on a questionable site that was actually zoned for 3 story loft condos - there's something that would have sold better. Once again, someone proved that Peachtree City is not Roswell.

Then the true kiss of death - competing against John Wieland. Do an objective comparison of the two products (like customers do) and Wieland wins every time. Of course the sales stats prove that. Yes, I know the prices are different, all that proves is that part of what you said is true - there is a market for townhomes and people like the lifestyle. But they also like the product done correctly.

I don't agree with the $150k scenario. I think the bank has $220k in them and in today's market they'll dump them for $180k. The bank just took them back on Tuesday.

ZERO amenenities and you have a disaster on your hands. Your points are all valid, PTC is not Roswell, too many stairs etc.

plus Rapson, Weed and Annie. They all voted to allow these townhomes to be built. THERE WERE NO TOWNHOMESIN THE ORIGINAL PLAN! Sorry for shouting there, but the original plan was great and completely endorsed by the city specifically Lenox, Basinger, Willams and Rast.

Then after all things Lenox could possibly get credit for were dismantled, the townhome guys went to council and asked that townhomes be included under the multi-family part of the zoning.
Yes, it was Brown, Rapson, Weed (not surprisingly) and Annie (inexplicibly) who said yes. Let's blame them.

And I'm sticking with the $150,000 prediction. In fact they'll be lucky to get that. And it would be a good deal if you can get one for $130,000 and rent it out for $1200/month or $400 per bedroom, which is the going rate for illegal food service workers and landscapers.
Good old ALPHA Bank will even finance that for you.

Please don't mention the "SB" name. He has been remarkably silent for a long time and it has been quite pleasant. Must be repainting his daughters room again. Also I'd rather NEVER again have to hear names that elicit such horrible memories, Rapson and Weed.

However, facts are facts. He and his handmaidens did contribute to the Lexington problem.

And I'm with you - forgetting they were ever here is the best therapy.

Now we have a City Council that looks out for ------------ who?
Haddix and 4-eyes against the other 3 - is this fair?