Welcome to Poppies Corp. Communities
Since 1979, Poppie has focused efforts almost exclusively in California. But markets change, and the major price “correction” California experienced in the early ‘90’s drove home the need to understand the underlying economics that drive real estate markets.
California real estate values currently are overpriced when compared to standard indicators like personal income and affordability indexes. However, job formation and diversification is still strong so most experts do not predict a major drop in prices, but do agree that the market is slowing considerably.
These projections, and the lessons learned from the ‘90’s, convinced Poppies Corp to be extremely selective in pursuing projects in this overpriced market and led us to analyze and expand into other nearby markets. Our research revealed expert analysis such as The Milken Institute’s 2004 “Best Performing Cities” report that reflected the Phoenix metropolitan area as having continued strong growth, one of the top cities for job formation and growth in the nation.
Poppies Corp began unlocking opportunities in Phoenix with construction of affordable housing projects in order to alleviate a significant shortage of entry level housing.
This was expanded into the fast growing west, northwest and southern corridors outside of Phoenix where Poppies Corp is currently pursuing land development projects to respond to the exploding need for suburban housing.
We see the future as bright as the Arizona sun as our growth will continue to meet the needs of the thousands of retirees and snowbirds who seek out the Valley of the Sun.
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