Hello M, My recent experience in the Communication Hill development is that prices have fallen dramatically in just 2 years they have dropped nearly $162,000.00 on both SFH (single family homes) and Condo/T.homes. Making the investment a good one for a five year plus term.
If you agree with Peter ...don't buy in California! :) Builders have never created disclosures that reflect the geological issues related to asbestos since it naturally occurs nearly everywhere. It has been disclosed here though! This is a greatplace for information! When asbestos is mined and manufactured into products, we use, it becomes a serious hazard. Interestingly enough, California leads in environmental issues and when they leveled the old quarry before beginning construction there was evidence of asbestos in the area. Even as fdar back as the construction of Highway 87 along the Guadalupe corridor.
Atmospheric Sciences Group, Woodward-Clyde Consultants, Oakland, California 94607-4014.
A study was conducted to assess health risks and identify a set of appropriate mitigation measures to control airborne emissions of natural asbestos from construction of the Guadalupe Corridor Transportation Project, a highway and light-rail construction project in San Jose, California. This study supported a state-mandated Environmental Impact Report. Communication Hill, along the project route, is known to contain natural chrysotile asbestos-bearing rock. The study described in this paper estimated potential asbestos emissions, identified and evaluated mitigation measures, and evaluated air pathway exposure and health risks. With mitigation, estimated risks were found to be acceptable by the regulatory agency, and construction proceeded.
Like my Mom told me... "stop playing with those rocks!"
Great information to have though!