Carmel Valley questions

[jameswenn]

I can help with the downsizing part. My wife and i each lived with our parents after college and before we got married, my family home was 4200 sqft, and her family home was 3100 sqft.

After we got married we rented a 1300 squarefoot bungalow in LA before we moved to San Diego. It was real tough at first until we realized we had too much junk, so over the course of 2 months we threw everything we hadn’t used in a year out plus any extras, like furniture that was rarely used.

We had to do it again when we moved to a rental in SD that was 900 sqft. I found that after growing up in so much space, i really like a small place. Less to clean and i don’t buy junk because i have no pace to put stuff. We’re planning to move soon, since we have 2 kids now, but we have a soft cap of 1700 sqft and a hard cap of 2000sqft.

[Scarlett]

Totally agree with FLU. He has very good points, not the least being that it’s not a good idea to buy from a friend…

[Scarlett]

Totally agree with FLU. He has very good points, not the least being that it’s not a good idea to buy from a friend…

[Scarlett]

Totally agree with FLU. He has very good points, not the least being that it’s not a good idea to buy from a friend…

[Scarlett]

Totally agree with FLU. He has very good points, not the least being that it’s not a good idea to buy from a friend…

[Scarlett]

Totally agree with FLU. He has very good points, not the least being that it’s not a good idea to buy from a friend…

[UCGal]

Is it a townhouse or a single cvmom would be moving to?

I assumed a single with similar mello-roos and HOA. (She said a few blocks away.)

As far as property tax… cvmom – if you or your husband are over 55 – you can transfer your prop 13 tax rate to the smaller house because it is a lower price. (Can’t transfer it to a higher priced place, has to have one owner be over 55.)

Given you have kids in school – odds are you and hubby aren’t old enough to qualify – but since our household qualified – perhaps yours does. (I got married later, and married someone even older than me.)

[UCGal]

Is it a townhouse or a single cvmom would be moving to?

I assumed a single with similar mello-roos and HOA. (She said a few blocks away.)

As far as property tax… cvmom – if you or your husband are over 55 – you can transfer your prop 13 tax rate to the smaller house because it is a lower price. (Can’t transfer it to a higher priced place, has to have one owner be over 55.)

Given you have kids in school – odds are you and hubby aren’t old enough to qualify – but since our household qualified – perhaps yours does. (I got married later, and married someone even older than me.)

[UCGal]

Is it a townhouse or a single cvmom would be moving to?

I assumed a single with similar mello-roos and HOA. (She said a few blocks away.)

As far as property tax… cvmom – if you or your husband are over 55 – you can transfer your prop 13 tax rate to the smaller house because it is a lower price. (Can’t transfer it to a higher priced place, has to have one owner be over 55.)

Given you have kids in school – odds are you and hubby aren’t old enough to qualify – but since our household qualified – perhaps yours does. (I got married later, and married someone even older than me.)

[UCGal]

Is it a townhouse or a single cvmom would be moving to?

I assumed a single with similar mello-roos and HOA. (She said a few blocks away.)

As far as property tax… cvmom – if you or your husband are over 55 – you can transfer your prop 13 tax rate to the smaller house because it is a lower price. (Can’t transfer it to a higher priced place, has to have one owner be over 55.)

Given you have kids in school – odds are you and hubby aren’t old enough to qualify – but since our household qualified – perhaps yours does. (I got married later, and married someone even older than me.)

[UCGal]

Is it a townhouse or a single cvmom would be moving to?

I assumed a single with similar mello-roos and HOA. (She said a few blocks away.)

As far as property tax… cvmom – if you or your husband are over 55 – you can transfer your prop 13 tax rate to the smaller house because it is a lower price. (Can’t transfer it to a higher priced place, has to have one owner be over 55.)

Given you have kids in school – odds are you and hubby aren’t old enough to qualify – but since our household qualified – perhaps yours does. (I got married later, and married someone even older than me.)

[cvmom]

Yes, is a single-family home we’d be moving to, not attached. No Mello-Roos or HOA, same as other area. When I mentioned “The Heights”, I think that this the name of the area I live in (Pine Meadow Ct), not a condo subdivision. For property tax, we would be paying about the same as our current place, FLU is correct.

And “friend” was probably the wrong characterization of the seller–“acquaintance” would be more accurate. Not mixing friendship and business, I don’t think, this would be purely business.

There are no second mortgages or other ATM-like transactions on the first house…

One option I suppose would be to keep the Pine Meadow Ct house and rent it…then we’d have an escape valve if the 1300 sq ft proved to be non-workable. But I have to say, I’m leaning more and more towards taking the leap…please talk me down if you think it is a huge mistake!

[cvmom]

Yes, is a single-family home we’d be moving to, not attached. No Mello-Roos or HOA, same as other area. When I mentioned “The Heights”, I think that this the name of the area I live in (Pine Meadow Ct), not a condo subdivision. For property tax, we would be paying about the same as our current place, FLU is correct.

And “friend” was probably the wrong characterization of the seller–“acquaintance” would be more accurate. Not mixing friendship and business, I don’t think, this would be purely business.

There are no second mortgages or other ATM-like transactions on the first house…

One option I suppose would be to keep the Pine Meadow Ct house and rent it…then we’d have an escape valve if the 1300 sq ft proved to be non-workable. But I have to say, I’m leaning more and more towards taking the leap…please talk me down if you think it is a huge mistake!

[cvmom]

Yes, is a single-family home we’d be moving to, not attached. No Mello-Roos or HOA, same as other area. When I mentioned “The Heights”, I think that this the name of the area I live in (Pine Meadow Ct), not a condo subdivision. For property tax, we would be paying about the same as our current place, FLU is correct.

And “friend” was probably the wrong characterization of the seller–“acquaintance” would be more accurate. Not mixing friendship and business, I don’t think, this would be purely business.

There are no second mortgages or other ATM-like transactions on the first house…

One option I suppose would be to keep the Pine Meadow Ct house and rent it…then we’d have an escape valve if the 1300 sq ft proved to be non-workable. But I have to say, I’m leaning more and more towards taking the leap…please talk me down if you think it is a huge mistake!

[cvmom]

Yes, is a single-family home we’d be moving to, not attached. No Mello-Roos or HOA, same as other area. When I mentioned “The Heights”, I think that this the name of the area I live in (Pine Meadow Ct), not a condo subdivision. For property tax, we would be paying about the same as our current place, FLU is correct.

And “friend” was probably the wrong characterization of the seller–“acquaintance” would be more accurate. Not mixing friendship and business, I don’t think, this would be purely business.

There are no second mortgages or other ATM-like transactions on the first house…

One option I suppose would be to keep the Pine Meadow Ct house and rent it…then we’d have an escape valve if the 1300 sq ft proved to be non-workable. But I have to say, I’m leaning more and more towards taking the leap…please talk me down if you think it is a huge mistake!

[Author]

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