Were you planning on attending the meeting before discovering this? Please let us know what transpires. I commend you for being so active in following up on it! :)[/quote]
Hi CAR. Yes, I already had that on my agenda. It was just coincidence that I read about that in the article. I stay pretty active locally and started getting more involved. And probably plan to get even more involved.
FYI. Anyone that lives in the area and wants to attend the meeting, let me know. It’s Tuesday, September 24 at 6:30 PM at Santaluz. PM me and I can get you on the list to attend as it’s open to the public. Santaluz is guard gated but I can get you on the list if you want to attend this meeting about the Assisted Living Center.
This way the guard will let you in. There is a special form you need to give to the security guard but I can get you this.
[quote=UCGal]Thanks for linking that article ER – that’s the story I heard on the news yesterday.
I’ve been telling fri[quote=UCGal]Thanks for linking that article ER – that’s the story I heard on the news yesterday.
I’ve been telling friends about your decision to pay off mello roos. Most look at me like it’s crazy because who could ever afford that… but I hit them with politics and math and have convinced one friend to consider it.[/quote]
[quote=UCGal]Thanks for linking that article ER – that’s the story I heard on the news yesterday.
I’ve been telling friends about your decision to pay off mello roos. Most look at me like it’s crazy because who could ever afford that… but I hit them with politics and math and have convinced one friend to consider it.[/quote]
ends about your decision to pay off mello roos. Most look at me like it’s crazy because who could ever afford that… but I hit them with politics and math and have convinced one friend to consider it.[/quote]
Hi UCGal,
Yeah, most friends or people that I know in the area when I tell them I paid off my Mello Roos obligation FOREVER they look at me with a puzzled look. Then I explain it and I always get the same reaction. NO ONE knew this was possible. Heck, I’ve met with high level wealth advisors, investment managers, realtors that have been in the business 15+ years, developers and no one knew you could even do this.
But even when I lay out the rationale and logic behind it, I can see that even rational people seem to dismiss it. In many instances I think it’s because they would rather spend the money on their fancy car leases, their fancy vacations, their lifestyle. They are ONLY thinking about today. They do NOT want to think about tomorrow, or next year or next decade.
I know it’s not for everyone to pay it off. But I know several people where I know they will stay in their property for the long haul and don’t plan on selling their properties. For these people this is a NO BRAINER to pay it off and FOREVER end their tax obligation. (Especially in today’s LOW interest rate environment!!).
As well, several CFD’s have been refinanced so the rate won’t go any lower than right now. And you can bet they will keep raising the maximum % by law each year until it’s paid off.
My thinking is they can’t afford NOT to pay it off and FOREVER end their tax obligation. When the government gives you the opportunity to FOREVER end a tax obligation my philosophy is you take it! LOL.
The entities do NOT like the idea of people pre-paying these CFD taxes off and FOREVER ending their obligations. That’s why they don’t advertise it and even try to make it cumbersome and expensive to get quotes to pay it off. I mean $400 to get a quote to pay it off? Come on! They do that to dissuade people from even starting the process, IMHO.
My biggest motivation for paying it off now was that I really don’t trust the powers that be. I don’t trust the people in charge of OUR CFD funds. I don’t trust that they say these CFD obligations will end when they originally were slated to be paid off.
Heck, when I asked the administrator in charge of the CFD if these taxes could be extended in the future and he said “YES, it’s possible in the future these CFD taxes could get extended”. So, UCGal, ask your friends to consider how they will feel if they have been paying CFD #4 (PUSD) until 2041 and then in 2041 they are told they will have to pay for several more years!
There is NO accountability what these funds are being spent on, who is able to spend it, or in what exact circumstances these CFD’s can be extended later on. Also, I don’t trust my fellow homeowners that in many cases seem to be bone heads and will approve any bond approval measure even if they understand it or not or know what the funds will be used for! Not sure in the future if they put something up for a vote and voters agreed to extend their own CFD obligations!
Who knows. Not many locally seem to take an active interest in limiting their tax obligations, knowing what their tax dollars go towards (relating to CFD), or interested in ANY oversight regarding these things.
It’s strange..it’s almost like people have this lackadaisical attitude of, “another gorgeous day in Paradise and who cares about anything else”. Don’t get me wrong…. I LOVE San Diego and never have plans to leave it. But I’ve never in my life lived in a City where people seem to care less about Civics/politics, taxes, etc. Heck, before this big Filner mess, I’d venture to guess than many locals didn’t even know who the Mayor was!
So I’m VERY content in FOREVER ending my Mello Roos obligations. I still say in the future maybe they don’t allow it but those that already paid it off will be forever “off the hook”. 🙂
