[quote=temeculaguy]Bg, your opposition to mello roos can be blinding. Let’s say you had two properties is chula vista, same house, different tracts. One cost 900k and had 1% tax,no hoa, the other cost 265k, had 300 in mr and 100 in hoa. The 900k one costs 4800 P%I, 480 in taxes, grand total (5280 house payment). The second one is 1420+600+100=2120. You still going to tell that young couple you can’t in good conscious sell them a 2120 out the door mortgage because it has extra fees.
If they both cost the same, then it’s not the same decision, but if there is a significant price differential, you need to go math crazy and not just shun something you have an aversion to.
Some of the people that head to temec do for different reasons but most of the posters are looking at about 25% of san diego county, you’d need hot pokers to get them to live in minority dominated communities or areas where english is not the primary language. It’s not right or wrong, let them be happy.
. . . I get it, so my choices are limited to about 20% of San Diego County if I were to ever live there again. Of my choices, my house would cost about 900k, I could pay it but I don’t want to and I wont be happy living in what 265k buys you in your county. I feel lucky that what I like happens to be cheap, I wish my wine tastes ran cheaper, but I can’t fix that . . . [/quote]
TG, of course no one here is trying to “peddle” a certain area for another Pigg, who may have parameters due to work and such.
Yes, my opposition to MR is “blinding” if that’s how you want to put it. As far as Chula Vista, goes, the prices are the same for a comparable size property, with or without MR and/or HOA. The differences are age, location and size of lot. The properties w/o MR typically are older, better located and have larger lots. So it doesn’t make financial sense to spend the $$ for MR in Chula Vista and also drive further to all points in SD County. IMO, exorbitant MR and HOA are *what caused* Chula Vista to have one of the highest foreclosure rates in the county . . . and even country. These foreclosures are >90% confined to the MR/HOA affected areas.
I grew up in No.Cal. and have traveled on almost every major road on this state (many repeatedly) and I have to say, I’ve never ran into ANY town or city devoid of minorities or persons for whom English is a second language. I don’t know what all the particular demographics are of zips in SD County or TV but I believe its a fallacy to put so much emphasis on this. Certain cultures of people typically have older adults living within a family home and so are able to maintain their properties better than a typical *nuclear* or single-adult family without help. In certain well-located urban areas, more residents have gardeners than do their own yardwork, so these neighborhoods present very well. When I drive thru “MR” neighborhoods, not only do I find many bank-owned brown-lawn properties, I also find peeling paint, oversize vehicles hanging out over too-short driveways, sheets in the windows, dead stick-trees, etc. IMO, this is indicative of homeowners struggling to make MR, HOA, P&I and property tax payments IN ADDITION to their living expenses, so can’t afford to maintain their properties.
These high-foreclosure local zip codes, even though 6-12 miles away, affect us all. Besides many being sold for ridiculous “bubble prices,” the MR and HOA played a HUGE part in the overall distress of these areas.
