[quote=ocrenter]CAR, from the property tax site shows MR of around $3000/year, which translates to $250 per month.
finding a home without MR within 92009 is difficult, likely a lot older as well. you’ll probably be looking at at least $100k more in purchasing cost. that’s $85/month higher in property tax just because of the higher purchase cost. then you have the higher mortgage from the higher purchase cost as well. all to avoid MR and rumored remote possibility that the MR may be extended when the 30 year bond is complete.
all MR are not created equal. I don’t think in this case the MR should be the deal breaker.[/quote]
We **definitely** prefer the older, single-story homes with no HOA and no MR, but the newer homes are dropping more in price, so the substitution principle is coming into effect. This is the only reason we’re (somewhat) willing to consider new homes at this point in time [this is in answer to sdr’s question, as well].
So far, we’re willing to pay a premium to live in an older, smaller home on a larger lot if it doesn’t have HOAs or MR…but if the price differential justifies a newer/larger home with encumbrances, we would be foolish not to consider something other than what we were originally looking for.
We are still holding out for what we want, but because of some rather significant price drops in other areas and types of inventory, these other homes are becoming more and more attractive, relatively speaking.
