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- This topic has 455 replies, 19 voices, and was last updated 13 years, 6 months ago by
ocrenter.
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June 27, 2011 at 2:26 PM #707396June 28, 2011 at 1:05 PM #706384
ocrenter
Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
June 28, 2011 at 1:05 PM #706483Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
June 28, 2011 at 1:05 PM #707080Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
June 28, 2011 at 1:05 PM #707232Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
June 28, 2011 at 1:05 PM #707595Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
June 28, 2011 at 9:26 PM #706440kcal09
Participant[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]
You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!
June 28, 2011 at 9:26 PM #706537Participant[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]
You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!
June 28, 2011 at 9:26 PM #707136Participant[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]
You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!
June 28, 2011 at 9:26 PM #707287Participant[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]
You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!
June 28, 2011 at 9:26 PM #707650Participant[quote=ocrenter][quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.[/quote]
You’re reasoning is flawed. If I invested the MR of $450 per month in stocks and mutual funds with an average yield of 6% I’ll have $454,700 at the end of the 30 years!
June 28, 2011 at 9:52 PM #706445sdrealtor
ParticipantSorry but your reasoning is flawed. In 30 years you’ll be dead
June 28, 2011 at 9:52 PM #706542ParticipantSorry but your reasoning is flawed. In 30 years you’ll be dead
June 28, 2011 at 9:52 PM #707141ParticipantSorry but your reasoning is flawed. In 30 years you’ll be dead
June 28, 2011 at 9:52 PM #707292ParticipantSorry but your reasoning is flawed. In 30 years you’ll be dead
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