On this website in May, we asked La Costa Valley homeowners how much they would be willing to pay to simply buy the vacant land from the school district. (see the original article and poll results) Note: this is not a legally binding vote, does not represent all homeowners, and may not even be an option for us. Just the same, like every straw poll, it gives a better view of how things might turn out.
Based on the latest results, only a fraction of LCV homeowners have the will, interest or financial foresight to make any substantial committment.
Half said they would not be willing to pay any assessment. Just over a quarter (27%) said they’d pay up to $1,000 in the next 12 months. 12% said they’d pay up to $5,000. And 4% said they’d pay up to $10,000, 4% up to $25,000 and 4% up to $100,000. Taken all together, this amounts to about $6-$7 million dollars. Certainly a tidy sum, but only a fraction of the property’s value, even in these market conditions.
- If you’re a strong supporter of FONC and want La Costa Valley Homeowners to take this property into their own hands, then you need to get involved and convince your neighbors to pony up a bit more.
- If you’re a private property developer (many live in La Costa Valley), this straw poll shows will need to find additional financing beyond what the homeowners will come up with.
- If you’re one of the 50% of homeowners that doesn’t want to pay your share, then talk to your neighbors and the HOA board. If there is an assessment, it is likely that every homeowner will need to pay their share.
