I work in temecula. I have a stable gov’t job and don’t expect to move. I have a good 15-20 years to do before I retire…and I will probably retire from THIS job. Great pension, and I’m in too far to pull the plug now. 🙂
the house is probably NOT the perfect house. it’s very nice, but not THE house.
if i move out – i can always rent something else. there are so many rentals here in Temecula, you can take your pick. prices for rentals range from $1500 for smaller homes up to $2000-2400 for large very upscale “executive” homes.
even if I moved “up” to a larger $2000/month home, I’d probably wind up out of pocket less money than if I bought a house in the 300s…. i haven’t crunched all the numbers to figure out what my tax writeoff would be..and how that would offset the increased numbers.
can someone advise me this: suppose I wound up with $2100 in mortgage payments, another 800 or so in taxes and HOAs…so I’m at $3000/month or so in total costs.. figure of that… almost all is deductible in teh first years of the loan.. and at my $130k income level…
how much do i save in taxes by “buying” and having a writoff?
if i can rent a nice house for $1700-1800… I’d need to “save” about $1200 in taxes per month just to break even… right???
