Home › Forums › Closed Forums › Buying and Selling RE › 4S Ranch REO–still too high
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jameswenn.
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November 16, 2007 at 2:01 PM #100251November 16, 2007 at 2:01 PM #100330
patientlywaiting
ParticipantMost on this forum would call these people "greater fools," but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
Excuse me but you can rent your lifestyle at a much lower cost than buying it. Same reason people rent tuxedos and wedding gowns. Because they only need it once.
Need a seaside villa for the summer? Rent it. Given the same amount of money, you can double your standard of living by renting.
November 16, 2007 at 2:01 PM #100348ParticipantMost on this forum would call these people "greater fools," but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
Excuse me but you can rent your lifestyle at a much lower cost than buying it. Same reason people rent tuxedos and wedding gowns. Because they only need it once.
Need a seaside villa for the summer? Rent it. Given the same amount of money, you can double your standard of living by renting.
November 16, 2007 at 2:01 PM #100362ParticipantMost on this forum would call these people "greater fools," but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
Excuse me but you can rent your lifestyle at a much lower cost than buying it. Same reason people rent tuxedos and wedding gowns. Because they only need it once.
Need a seaside villa for the summer? Rent it. Given the same amount of money, you can double your standard of living by renting.
November 16, 2007 at 2:01 PM #100364ParticipantMost on this forum would call these people "greater fools," but there is something to be said for living the life you want to live–when and where you want to live it–rather than putting your life on hold.
Excuse me but you can rent your lifestyle at a much lower cost than buying it. Same reason people rent tuxedos and wedding gowns. Because they only need it once.
Need a seaside villa for the summer? Rent it. Given the same amount of money, you can double your standard of living by renting.
November 16, 2007 at 2:43 PM #100286ParticipantProblem with 4S and new developments is the mello-roos.
Mello-roos is determined by (nebulous) formula at the time of the creation of the parcel so the mello-roos portion of taxes will not decrease even if the values drops by 1/2.
Another big problem with mello roos is that it only goes away after the bonds are paid off. If they are not enough homeowners to pay the taxes, the assessment may last forever. There are no date certain for mello-roos to go away.
The main point is that as property values drop, total property tax percentage will increase. Pay attention to that if you buy a resale in the new areas.
November 16, 2007 at 2:43 PM #100366ParticipantProblem with 4S and new developments is the mello-roos.
Mello-roos is determined by (nebulous) formula at the time of the creation of the parcel so the mello-roos portion of taxes will not decrease even if the values drops by 1/2.
Another big problem with mello roos is that it only goes away after the bonds are paid off. If they are not enough homeowners to pay the taxes, the assessment may last forever. There are no date certain for mello-roos to go away.
The main point is that as property values drop, total property tax percentage will increase. Pay attention to that if you buy a resale in the new areas.
November 16, 2007 at 2:43 PM #100383ParticipantProblem with 4S and new developments is the mello-roos.
Mello-roos is determined by (nebulous) formula at the time of the creation of the parcel so the mello-roos portion of taxes will not decrease even if the values drops by 1/2.
Another big problem with mello roos is that it only goes away after the bonds are paid off. If they are not enough homeowners to pay the taxes, the assessment may last forever. There are no date certain for mello-roos to go away.
The main point is that as property values drop, total property tax percentage will increase. Pay attention to that if you buy a resale in the new areas.
November 16, 2007 at 2:43 PM #100397ParticipantProblem with 4S and new developments is the mello-roos.
Mello-roos is determined by (nebulous) formula at the time of the creation of the parcel so the mello-roos portion of taxes will not decrease even if the values drops by 1/2.
Another big problem with mello roos is that it only goes away after the bonds are paid off. If they are not enough homeowners to pay the taxes, the assessment may last forever. There are no date certain for mello-roos to go away.
The main point is that as property values drop, total property tax percentage will increase. Pay attention to that if you buy a resale in the new areas.
November 16, 2007 at 2:43 PM #100399ParticipantProblem with 4S and new developments is the mello-roos.
Mello-roos is determined by (nebulous) formula at the time of the creation of the parcel so the mello-roos portion of taxes will not decrease even if the values drops by 1/2.
Another big problem with mello roos is that it only goes away after the bonds are paid off. If they are not enough homeowners to pay the taxes, the assessment may last forever. There are no date certain for mello-roos to go away.
The main point is that as property values drop, total property tax percentage will increase. Pay attention to that if you buy a resale in the new areas.
November 16, 2007 at 3:19 PM #100291flyer
ParticipantGreat to hear all your comments. I was simply positing the “other side of the equation” per the rationale of individuals who are still purchasing homes in this current economic climate.
The home I “inherited” (actually was already on the title) was Grandma’s, and is in RSF. We hope to never have to sell it–we love it and plan to stay forever.
November 16, 2007 at 3:19 PM #100371ParticipantGreat to hear all your comments. I was simply positing the “other side of the equation” per the rationale of individuals who are still purchasing homes in this current economic climate.
The home I “inherited” (actually was already on the title) was Grandma’s, and is in RSF. We hope to never have to sell it–we love it and plan to stay forever.
November 16, 2007 at 3:19 PM #100388ParticipantGreat to hear all your comments. I was simply positing the “other side of the equation” per the rationale of individuals who are still purchasing homes in this current economic climate.
The home I “inherited” (actually was already on the title) was Grandma’s, and is in RSF. We hope to never have to sell it–we love it and plan to stay forever.
November 16, 2007 at 3:19 PM #100402ParticipantGreat to hear all your comments. I was simply positing the “other side of the equation” per the rationale of individuals who are still purchasing homes in this current economic climate.
The home I “inherited” (actually was already on the title) was Grandma’s, and is in RSF. We hope to never have to sell it–we love it and plan to stay forever.
November 16, 2007 at 3:19 PM #100404ParticipantGreat to hear all your comments. I was simply positing the “other side of the equation” per the rationale of individuals who are still purchasing homes in this current economic climate.
The home I “inherited” (actually was already on the title) was Grandma’s, and is in RSF. We hope to never have to sell it–we love it and plan to stay forever.
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