Any thoughts on South Carlsbad

[rpn]

Do not forget AMT guys. The wife and I are getting hit with that. The interest deduction slowly decreases…..
I enjoy sleeping at night therefore we want to pay off our home under 10 years.

This interest/property tax deduction stuff is a farce. Its like getting coupons just to use them and spend money….

Cheers
RPN

[waiting for bottom]

asianautica – Not really on the 401k. My wife’s employer does not match but provides a pension instead (inefficient state gov’t – but that’s another topic).

No, you currently cannot get a $700K loan for 5.5%. Flaw with my logic – for now.

Many things can happen between now and the time I buy. The conforming loan limit could revert back to $697K; banks could start doing 80% 2nd’s again which would allow me to get a $550K conforming plus $150K 2nd. Who knows what else…that’s what makes this so much fun.

$2200 is my budget today, and I currenly live in a 3000 sq ft rental.

[waiting for bottom]

asianautica – Not really on the 401k. My wife’s employer does not match but provides a pension instead (inefficient state gov’t – but that’s another topic).

No, you currently cannot get a $700K loan for 5.5%. Flaw with my logic – for now.

Many things can happen between now and the time I buy. The conforming loan limit could revert back to $697K; banks could start doing 80% 2nd’s again which would allow me to get a $550K conforming plus $150K 2nd. Who knows what else…that’s what makes this so much fun.

$2200 is my budget today, and I currenly live in a 3000 sq ft rental.

[waiting for bottom]

asianautica – Not really on the 401k. My wife’s employer does not match but provides a pension instead (inefficient state gov’t – but that’s another topic).

No, you currently cannot get a $700K loan for 5.5%. Flaw with my logic – for now.

Many things can happen between now and the time I buy. The conforming loan limit could revert back to $697K; banks could start doing 80% 2nd’s again which would allow me to get a $550K conforming plus $150K 2nd. Who knows what else…that’s what makes this so much fun.

$2200 is my budget today, and I currenly live in a 3000 sq ft rental.

[waiting for bottom]

asianautica – Not really on the 401k. My wife’s employer does not match but provides a pension instead (inefficient state gov’t – but that’s another topic).

No, you currently cannot get a $700K loan for 5.5%. Flaw with my logic – for now.

Many things can happen between now and the time I buy. The conforming loan limit could revert back to $697K; banks could start doing 80% 2nd’s again which would allow me to get a $550K conforming plus $150K 2nd. Who knows what else…that’s what makes this so much fun.

$2200 is my budget today, and I currenly live in a 3000 sq ft rental.

[waiting for bottom]

asianautica – Not really on the 401k. My wife’s employer does not match but provides a pension instead (inefficient state gov’t – but that’s another topic).

No, you currently cannot get a $700K loan for 5.5%. Flaw with my logic – for now.

Many things can happen between now and the time I buy. The conforming loan limit could revert back to $697K; banks could start doing 80% 2nd’s again which would allow me to get a $550K conforming plus $150K 2nd. Who knows what else…that’s what makes this so much fun.

$2200 is my budget today, and I currenly live in a 3000 sq ft rental.

[ariffe22]

I agree with you assessment RPN. Spending Say $2,000 a month on interest to save maybe a combined $800 on taxes. So you’re out a net $1,200. Pay off your houses and use the extra money you have in your pockets each month to save for your future because we can’t count on the Feds to bail us out when its our time to retire.

[ariffe22]

I agree with you assessment RPN. Spending Say $2,000 a month on interest to save maybe a combined $800 on taxes. So you’re out a net $1,200. Pay off your houses and use the extra money you have in your pockets each month to save for your future because we can’t count on the Feds to bail us out when its our time to retire.

[ariffe22]

I agree with you assessment RPN. Spending Say $2,000 a month on interest to save maybe a combined $800 on taxes. So you’re out a net $1,200. Pay off your houses and use the extra money you have in your pockets each month to save for your future because we can’t count on the Feds to bail us out when its our time to retire.

[ariffe22]

I agree with you assessment RPN. Spending Say $2,000 a month on interest to save maybe a combined $800 on taxes. So you’re out a net $1,200. Pay off your houses and use the extra money you have in your pockets each month to save for your future because we can’t count on the Feds to bail us out when its our time to retire.

[ariffe22]

I agree with you assessment RPN. Spending Say $2,000 a month on interest to save maybe a combined $800 on taxes. So you’re out a net $1,200. Pay off your houses and use the extra money you have in your pockets each month to save for your future because we can’t count on the Feds to bail us out when its our time to retire.

[an]

I guess you’re considering living w/out a saving would be comfortable but when I have about $10k/month in expense, I won’t be comfortable until I have at least $60k in savings for the rainy day fund. $120k would be preferred. By your calculation, at max, you can only save $1800/month. That hasn’t count in car maintenance, insurance, presents, vacations, etc. yet. I guess everyone have a different definition of comfortable.

[an]

I guess you’re considering living w/out a saving would be comfortable but when I have about $10k/month in expense, I won’t be comfortable until I have at least $60k in savings for the rainy day fund. $120k would be preferred. By your calculation, at max, you can only save $1800/month. That hasn’t count in car maintenance, insurance, presents, vacations, etc. yet. I guess everyone have a different definition of comfortable.

[an]

I guess you’re considering living w/out a saving would be comfortable but when I have about $10k/month in expense, I won’t be comfortable until I have at least $60k in savings for the rainy day fund. $120k would be preferred. By your calculation, at max, you can only save $1800/month. That hasn’t count in car maintenance, insurance, presents, vacations, etc. yet. I guess everyone have a different definition of comfortable.

[an]

I guess you’re considering living w/out a saving would be comfortable but when I have about $10k/month in expense, I won’t be comfortable until I have at least $60k in savings for the rainy day fund. $120k would be preferred. By your calculation, at max, you can only save $1800/month. That hasn’t count in car maintenance, insurance, presents, vacations, etc. yet. I guess everyone have a different definition of comfortable.

[Author]

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