For several years there has been talk of the city annexing our street and its 16 houses. We all got certified letters yesterday announcing the schedule of hearings/votes on the annexation. The city's master plan call for rezoning to multifamily (apartments) after annexation. I'm sure there is nothing that can be done to stop them, even if all 16 owners banded together.
The speculation has been that this wouldn't happen until there was a developer showing an interest in buying the property and building on it. I'm not looking forward to having to find a place and move, but I am starting to explore the market. Will probably go the same route as when I bought here in '90 by looking heavily at HUD, bank, and VA repo properties. The wife is talking about downsizing but I still want 1-2 acres and this time farther from the city limits and with no HOA to deal with.
The speculation has been that this wouldn't happen until there was a developer showing an interest in buying the property and building on it. I'm not looking forward to having to find a place and move, but I am starting to explore the market. Will probably go the same route as when I bought here in '90 by looking heavily at HUD, bank, and VA repo properties. The wife is talking about downsizing but I still want 1-2 acres and this time farther from the city limits and with no HOA to deal with.
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