33% loss (single family home) in Mira Mesa

[jimmyle]

http://www.sdlookup.com/MLS-078031578-10159_Clauser_St_San_Diego_CA_92126

This West Mira Mesa house in a quiet neighborhood was purchased in March 2005 for $600K. Now listing at $425K-$445K. Even though it is a short sale, it seems like the lender has approved the listed price.

Assuming it will be sold at $425K and 2 years inflation of 6%, then it is a 33% loss. When people on this website was talking about a 40% percent reduction, I thought it would be impossible. But now, I think i might be a reality after all.

[(former)FormerSanDiegan]

Nice example.

Assuming 425K and a 30-year fixed loan at 6.25% and 20% down, the monthly carrying coasts are about 2635 before tax considerations. Assuming 30% combined fed/state break that’s less than 2000 after taxes.

I think rents in this area are in the range of 2000-2400.

[(former)FormerSanDiegan]

Nice example.

Assuming 425K and a 30-year fixed loan at 6.25% and 20% down, the monthly carrying coasts are about 2635 before tax considerations. Assuming 30% combined fed/state break that’s less than 2000 after taxes.

I think rents in this area are in the range of 2000-2400.

[(former)FormerSanDiegan]

Nice example.

Assuming 425K and a 30-year fixed loan at 6.25% and 20% down, the monthly carrying coasts are about 2635 before tax considerations. Assuming 30% combined fed/state break that’s less than 2000 after taxes.

I think rents in this area are in the range of 2000-2400.

[(former)FormerSanDiegan]

Nice example.

Assuming 425K and a 30-year fixed loan at 6.25% and 20% down, the monthly carrying coasts are about 2635 before tax considerations. Assuming 30% combined fed/state break that’s less than 2000 after taxes.

I think rents in this area are in the range of 2000-2400.

[(former)FormerSanDiegan]

Nice example.

Assuming 425K and a 30-year fixed loan at 6.25% and 20% down, the monthly carrying coasts are about 2635 before tax considerations. Assuming 30% combined fed/state break that’s less than 2000 after taxes.

I think rents in this area are in the range of 2000-2400.

[jimmyle]

80% of $425K is $340K and with 6.25% interest the payment is around $2100 before taxes and insurance. What do you mean by carrying coast?

[jimmyle]

80% of $425K is $340K and with 6.25% interest the payment is around $2100 before taxes and insurance. What do you mean by carrying coast?

[jimmyle]

80% of $425K is $340K and with 6.25% interest the payment is around $2100 before taxes and insurance. What do you mean by carrying coast?

[jimmyle]

80% of $425K is $340K and with 6.25% interest the payment is around $2100 before taxes and insurance. What do you mean by carrying coast?

[jimmyle]

80% of $425K is $340K and with 6.25% interest the payment is around $2100 before taxes and insurance. What do you mean by carrying coast?

[The OC Scam]

I agree with Jimmy the payment before taxes is around 2100 with Taxes your looking at 2600 as month. Therefore this is a good deal if you have a good job! Oh but for how much longer?

[The OC Scam]

I agree with Jimmy the payment before taxes is around 2100 with Taxes your looking at 2600 as month. Therefore this is a good deal if you have a good job! Oh but for how much longer?

[The OC Scam]

I agree with Jimmy the payment before taxes is around 2100 with Taxes your looking at 2600 as month. Therefore this is a good deal if you have a good job! Oh but for how much longer?

[The OC Scam]

I agree with Jimmy the payment before taxes is around 2100 with Taxes your looking at 2600 as month. Therefore this is a good deal if you have a good job! Oh but for how much longer?

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