Are you looking to get in on the ground floor? Think again.

[patientrenter]

Ozzie, How is the potential payoff “not a big savings”? If you sell your home now for $1 million, and buy something just as good in 2012 for $600K, wouldn’t that save you almost $400K? You can use investment earnings on the $1 million to offset the rent until you buy.

For me, $400K represents a “big savings”. I guess I am poorer than I thought.

Patient renter in OC

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[Ozzie]

A comparable house would cost about $4500/month to rent right now and that would involve moving my family to a new neighborhood and hoping the lifestyle is comparable which I doubt it would be. Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.

There’s an interesting new product from Rex & Co. that lets you take out equity on your house in exchange for giving up a percentage of future equity gains which I think I might do. It’s not a loan that you pay interest on and it’s not a reverse mortgage. It’s basically an option based on a current appraisal. There are some issues that I need legal advice on but it seems like it might be a good hedge against future declines

[sdrealtor]

Ozzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.

sdr

[sdrealtor]

Ozzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.

sdr

[sdrealtor]

Ozzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.

sdr

[sdrealtor]

Ozzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.

sdr

[sdrealtor]

Ozzie
A few months ago you were the ultimate La Costa Valley bull. You said it would NEVER happen there. Now you are planning your flight. Sorry bud but that train already left the station. You sound awful hypocritical to me today.

sdr

[patientrenter]

Ozzie, if rent for a home like yours is $4,500 / month, then your home can be sold for well over a million dollars. If you sold, I am pretty sure you could get at least $3,000 / month in tax-free munis on that million dollars over the next 4 years. You’d also save on property taxes and maintenance. That means your net cost for renting for the next 4 years would be less than $70K. This seems small compared to the likely depreciation you’ll suffer if you stay.

Saving a few hundred grand doesn’t seem important compared to the depreciation you’ll avoid if you sell? You must be very well off to not care about saving a few hundred grand. I’ll give you my address so you can mail me a refund check when my tax dollars are used to bail you out!

The only reason not to sell, besides not needing to care about money, is if you’re already almost underwater on your mortgages. Then you may as well hold on and bail for free if prices keep going down.

Patient renter in OC

[patientrenter]

Ozzie, if rent for a home like yours is $4,500 / month, then your home can be sold for well over a million dollars. If you sold, I am pretty sure you could get at least $3,000 / month in tax-free munis on that million dollars over the next 4 years. You’d also save on property taxes and maintenance. That means your net cost for renting for the next 4 years would be less than $70K. This seems small compared to the likely depreciation you’ll suffer if you stay.

Saving a few hundred grand doesn’t seem important compared to the depreciation you’ll avoid if you sell? You must be very well off to not care about saving a few hundred grand. I’ll give you my address so you can mail me a refund check when my tax dollars are used to bail you out!

The only reason not to sell, besides not needing to care about money, is if you’re already almost underwater on your mortgages. Then you may as well hold on and bail for free if prices keep going down.

Patient renter in OC

[patientrenter]

Ozzie, if rent for a home like yours is $4,500 / month, then your home can be sold for well over a million dollars. If you sold, I am pretty sure you could get at least $3,000 / month in tax-free munis on that million dollars over the next 4 years. You’d also save on property taxes and maintenance. That means your net cost for renting for the next 4 years would be less than $70K. This seems small compared to the likely depreciation you’ll suffer if you stay.

Saving a few hundred grand doesn’t seem important compared to the depreciation you’ll avoid if you sell? You must be very well off to not care about saving a few hundred grand. I’ll give you my address so you can mail me a refund check when my tax dollars are used to bail you out!

The only reason not to sell, besides not needing to care about money, is if you’re already almost underwater on your mortgages. Then you may as well hold on and bail for free if prices keep going down.

Patient renter in OC

[patientrenter]

Ozzie, if rent for a home like yours is $4,500 / month, then your home can be sold for well over a million dollars. If you sold, I am pretty sure you could get at least $3,000 / month in tax-free munis on that million dollars over the next 4 years. You’d also save on property taxes and maintenance. That means your net cost for renting for the next 4 years would be less than $70K. This seems small compared to the likely depreciation you’ll suffer if you stay.

Saving a few hundred grand doesn’t seem important compared to the depreciation you’ll avoid if you sell? You must be very well off to not care about saving a few hundred grand. I’ll give you my address so you can mail me a refund check when my tax dollars are used to bail you out!

The only reason not to sell, besides not needing to care about money, is if you’re already almost underwater on your mortgages. Then you may as well hold on and bail for free if prices keep going down.

Patient renter in OC

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