Estates at Stonebridge

[kcal09]

[quote=sdrealtor]Sorry but your reasoning is flawed. In 30 years you’ll be dead[/quote]

Interesting statement-perhaps I’ll send you a message in 30 years, if you’re still alive that is….

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[an]

[quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[ocrenter]

[quote=AN][quote=kcal09]That is absolutely correct. That’s why I bought my house in cash…[/quote]
Uhh… (unless I messed up my calculation)hope you know that if you bought it in cash for $850k, then you’re actually pay more than if you would have financed it over 30 years (assuming 6% return for your cash). $850k cash today, assuming 6% return will equal $5.1M in 30 years. The buyer of such $400k house really paid ~$770k. The $450/month in MR is $162k over 30 years. So $5.1M-$770k-$162k = ~$4.16M.[/quote]

let’s not forget we have 30 years of inflation to look at. If the rate of inflation over the next 30 years is on pace with inflation from the last 30 years, that $450 per month in 30 years would really be $181 per month in today’s dollars.

and assuming someone paid 20% of 850k and financed the 80% at 4.5%, that $3450 per month mortgage after 30 years would be $1400 per month in today’s dollars.

all that really proves you do not take today’s monthly payment of something and extrapolate by 30 years. that was my point in the first place.

rather you compare apples to apples and simply ask the question of how the addition of $450 per month in mello roos impact a buyer’s purchase power here, today. and that impact IS a $82k loss in purchase power.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

[familyguy]

This, (to pay MR or not to pay MR) like so many arguments, will never be settled.

Folks that are OK with it will justify it in their minds. Folks that don’t, won’t or can’t pay it will justify their reasons as well.

I think it just comes down to personal preference. For my family, it’s worth it. I enjoy the “new” neighborhood, the Poway school district, and all the other perks that come along with living in a new development. Others may not, and find comfort in the offerings of a more established neighborhood in Poway or the surrounding areas.

I wonder how many of those who have an issue with paying MR and justify their argument by calculating how much they will have in a 30 year period of investing, are actually investing the 5k per year that would have otherwise gone to pay MR? I’m sure there are many that do (and also sure those people will be quick to tell me how well their investments are doing) but I would suspect a greater majority of people spend that 5k they save by not paying MR on other things and will never see a penny of the money claimed to be generated from investing cash.

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