data for convincing the spouse to wait

[mrquoi]

Realtors do rentals, too? I had no idea. I guess the changing market will really weed out the ones who only know how to list and put offers on houses or maybe they’ll have to mention the service on their bus stop benches.

American Heritage seems to have some nice properties, thanks!

Since we have two 50lb huskies, we are open to pretty much everything north of the 52, west of 15, south of the 78, and east of the Pacific ocean. 92126, 92121, 92122, 92037, 92014, 92019, 92130, 92129, 92007, 92024, 92075. There are some I missed. (I cannot believe I know all these zip codes from memory 😉 !!!

We (and the dogs) are fine in an apt/townhome/condo, though it would be nice to have a patio or outdoor area so we can enjoy the overpriced weather here.

* We’re searching for a minumum 2 bedroom place.
* We can pay up to $1600/month.
* We need to move in by the 15th of August.
* We’d like a 6-month or so lease or maybe a month-to-month That’d work well for someone who wants to try renting their place until the next spring selling season and gives us time to decide if we really want to stay here.
* Sure we’d do a purchase option on a house, but these days there is not a single house in San Diego we can afford using a traditional loan.
* We have good credit and good jobs.

You can email me at [email protected]

[no_such_reality]

Apples to apples.

I do this myself whenever someone asks me why I don’t buy.

It’s simple, I rent a townhome, $1950 a month and split it with a friend. The one across the courtyard, same floorplan, sold for $625,000 a while back. HOA on the property is $330. The $330 doesn’t include the special assessment for termite tenting done this year. $3000. The HOA will finance it at 8% over 5 years.

So…

Property tax $625
HOA $330
special assessment $50
———————–
Total $1005

My half of the rent? $975.

[lamoneyguy]

Jeez n_s_r,
even if you paid cash for the townhouse, you would still have a higher monthly nut than your rent. Of course, that assumes you ditch the roommate if you bought.

[no_such_reality]

Yep LA. That’s the odd point on how out of whack rents and home price have become. People get emotional, can’t discern between want and need.

At the moment, I need a one bedroom, a two is nice it cuts costs with the roomie. What I want? That’s at least a 3-2 with a yard, real yard, no shared walls. etc. Yep, an SFR on a 6000 sq ft lot.

The cost difference? About $4000/month in the OC before taxes. Guess I have to miss out on that “tax savings”.

I could buy and rent out a room, but that’s about $500-$700. Roughly enough to cover the property tax on an SFR.

Of course, over the next ten years, I expect rent growth. But… as rent growth goes, more rentals will be built, it’ll grow at inflation. IMHO.

[kiki]

mrquoi thanks for the info on tax deduction for student loan. Unfortunately this year we will exceed the income limit so we won’t be able to deduct interest. We are now working on paying as much possible.

good luck finding your rental.

[kiki]

duplicated entry

[kiki]

duplicated entry

[bsrsharma]

Buy Vs. Lease

———————–

What am I doing wrong?

Okay, I’m tired of beating around the bush. I’m a beautiful
(spectacularly beautiful) 25 year old girl. I’m articulate and classy. I’m not from New York. I’m looking to get married to a guy who makes at least half a million a year. I know how that sounds, but keep in mind that a million a year is middle class in New York City, so I don’t think
I’m overreaching at all.

Are there any guys who make 500K or more on this board? Any wives? Could you send me some tips? I dated a business man who makes average around 200 – 250. But that’s where I seem to hit a roadblock. 250,000 won’t get me to central park west. I know a woman in my yoga class who was married to an investment banker and lives in Tribeca, and she’s not as pretty as I am, nor is she a great genius. So what is she doing right? How do I get to her level?

Here are my questions specifically:

– Where do you single rich men hang out? Give me specifics- bars, restaurants, gyms

-What are you looking for in a mate? Be honest guys, you won’t hurt my feelings

-Is there an age range I should be targeting (I’m 25)?

– Why are some of the women living lavish lifestyles on the upper east side so plain? I’ve seen really ‘plain jane’ boring types who have nothing to offer married to incredibly wealthy guys. I’ve seen drop dead gorgeous girls in singles bars in the east village. What’s the story there?

– Jobs I should look out for? Everyone knows – lawyer, investment banker, doctor. How much do those guys really make? And where do they hang out? Where do the hedge fund guys hang out?

– How you decide marriage vs. just a girlfriend? I am looking for MARRIAGE ONLY

Please hold your insults – I’m putting myself out there in an honest way. Most beautiful women are superficial; at least I’m being up front about it. I wouldn’t be searching for these kind of guys if I wasn’t able to match them – in looks, culture, sophistication, and keeping a nice home and hearth.

it’s NOT ok to contact this poster with services or other commercial interests

And here is the response,

I read your posting with great interest and have thought meaningfully about your dilemma. I offer the following analysis of your predicament.

Firstly, I’m not wasting your time, I qualify as a guy who fits your bill; that is I make more than $500K per year. That said here’s how I see it.

Your offer, from the prospective of a guy like me, is plain and simple a crappy business deal. Here’s why. Cutting through all the B.S., what you suggest is a simple trade: you bring your looks to the party and I bring my money. Fine, simple. But here’s the rub, your looks will fade and my money will likely continue into perpetuity…in fact, it is very likely that my income increases but it is an absolute certainty that you won’t be getting any more beautiful!

So, in economic terms you are a depreciating asset and I am an earning asset. Not only are you a depreciating asset, your depreciation accelerates! Let me explain, you’re 25 now and will likely stay pretty hot for the next 5 years, but less so each year. Then the fade begins in
earnest. By 35 stick a fork in you!

So in Wall Street terms, we would call you a trading position, not a buy and hold…hence the rub…marriage. It doesn’t make good business sense to “buy you” (which is what you’re asking) so I’d rather lease. In case you think I’m being cruel, I would say the following. If my money were
to go away, so would you, so when your beauty fades I need an out. It’s as simple as that. So a deal that makes sense is dating, not marriage.

Separately, I was taught early in my career about efficient markets. So, I wonder why a girl as “articulate, classy and spectacularly beautiful”as you has been unable to find your sugar daddy. I find it jard to believe that if you are as gorgeous as you say you are that the $500K hasn’t found you, if not only for a tryout.

By the way, you could always find a way to make your own money and then we wouldn’t need to have this difficult conversation.

With all that said, I must say you’re going about it the right way. Classic “pump and dump.”

I hope this is helpful, and if you want to enter into some sort of lease, let me know.

[Coronita]

Whenever my wifes talks about wanting to move to a larger place in CV or Del Mar or RSF, the only "data" i need to show is

1) the price of the home(s)

2) our bank accounts.

 

End of story. 

 

[drunkle]

make more money, you bum. the modern woman shouldn’t have to put up with fat, lazy… er… *underachieving* men.

[NotCranky]

My wife has this strong desire to have me be a “kept man”. I don’t like the sound of that so we call me the “recipient of just rewards”. Actually we are not getting very far with it,even though I don’t demand what I am really worth. It is the thought that counts.

FLU you are getting too nice…could you please go back to slamming everyone’s fat, stupid kids and exchanging other such pleasantries.

Drunkle, thank goodness you have not left . When you go or SDR pays me to leave, whichever comes first, I am out of here.

[Coronita]

make more money, you bum. the modern woman shouldn't have to put up with fat, lazy… er… *underachieving* men.

 

The modern woman, actually, can make her own money equal to or greater than her man :). I get veto power only by a slim $1000/year. Besides, UAW isn't the crackerpot it use to be. I'm not use to having to actually "work" for a living 🙂 

 

[Coronita]

FLU you are getting too nice…could you please go back to slamming everyone's fat, stupid kids and exchanging other such pleasantries.

 

I've been working to get in tough with my femine side of things.

Besides, obviously I'm not good at math, because I can't seem to figure out why it takes me longer to 10 minutes to get to Santee even in my when i tap out my chipped/turbocharged car

 

Seriously though, to the original poster. Run some data on say carmel valley attached market that I commented on days ago. The numbers don't lie. 

3/3 townhome was around $620-$650k back in 2004-2005. Latest actual sales comps have been in the $560k/580k. 

[patientlywaiting]

I wonder if mrquoi and his partner bought a home last year. Since they are gay, they probably bought at La Boheme because it’s such a great area that it’s immune from price drops.

[mrquoi]

Err mrquoi is actually a lady 😉 who chose to use her dog’s name as a handle. But my male husband did finally see the light. I did the b***chy wife thing and went out and leased a very nice place that was about 25% over our budget without asking him. Then I made sure he did not have to lift a finger for the move and the place was a 5 minute drive to work. He got over his reservations pretty fast.

Then a friend of ours went through a layoff last fall and we got to see first hand how they were screwed trying to pay for their purchased in ’04 house and food on his wife’s income. He found another job, but decided they wanted out of the house, too risky with kids, etc, etc. But they are stuck in the house even selling below ’04 price and all they talk about is getting out of the house. Not sports, not kids, just the house. They haven’t yet accepted that if they want to leave they will have to go through foreclosure but they will eventually.

THEN this summer my husband was laid off. He finally said something like, “I am so happy we did not buy a house.” I am not a terrible wife so I bit my tongue before I could say “I told you so.” 😉 He found a great job in another state so our only problem is me finding a new job (usually easy) and arranging a sublease, but even that should not be hard since the landlord takes pets.

[Author]

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