I went down to the Altera homes this weekend and there is a sign in both Models offices saying they are temp. closed. I thought they didn't have the staff due to cut back or something. Intresting where did you see things on the net that lead you to believe they are going under?

From the gold rush to the great depression all in a few months...... What next?

We all signed  loan docs.So we all have to deal with it

I heard some noise about them flirting with selling late last year!
I was fortunate to have gotten in before the "GOLD RUSH" but all this is still somewhat troubling news!

http://www.bigbuilderonline.com/industry-news.asp?sectionID=0&articleID=596366

So very true. Lets hope the market gets going again so we don't have to wait 15 years to make money on our houses. Then again no one has the cyrstal ball that shows the future...... do they?

I bought my house to live in. I've said that since I bought it. I said it when it "went up" 100k within a year. I say that now when it would probably sell for less than I paid for it. I have always thought of it as an expense. It was money I was planning on spending/losing all along. Once I made the decision to buy, it would be gone. The only question was how soon I could pay it off to keep my TOTAL cost down(136k to go).

The investment I made was in the community for my family. The return I get from that is well beyond any monetary gains. If the " value" of the dirt,wood,stucco, etc keeps going down, oh well. As soon as I get to zero balance due, I will never have to worry about being "upside down". I'm not upside down now, so that isn't even an issue.

I don't own a Hacienda, but if it weren't for the Hacienda home I saw in Avondale, I wouldn't have come to Maricopa.

LOL .... I have to agree I bought my house to live in it but I also want it to make money for me.  I (knock on wood) am still even on my house. The value has not gotten worse but not any better either. "im just glad im not living in murder meadows i mean maricopa meadows" same here 

What will happen is that a new builder will buy Hacienda's properties ( the remaining lots) and eventually finish the neighborhood.

Hopefully the new builder will buy Hacienda the company and continue to build the same homes on the remaining lots otherwise you will have completely different homes in the area. Although that is still much better than empty lots. 

Also I have yet to see our HOA have any real effect on those who wish to flat out ignore the HOA rules!

Sorry but this wasn't logical thinking.  People that had this same view as you didn't spend a lot of time researching the market and how it actually works.  If the houses in Maricopa double in value the houses in Ahwatukee will double if not more.

If you cannot afford Ahwatukee right now you are not going to be able to afford it just based on your house going up in value. You better have other investments or have significant income increases as well.  Look at the market right now. Ahwatukee and West Chandler have not been impacted anywhere close to how Maricopa and the other outskirt areas have been. People are not leaving those areas so the houses retain their value.

Not to be mean- but you fell into the trap setup by realators and builders.