Estates at Stonebridge

[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.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[ocrenter]

[quote=familyguy]This, (to pay MR or not to pay MR) like so many arguments, will never be settled.
[/quote]

I just don’t see why this is so controversial. When someone buys a home, they simply figure the MR payment into their monthly housing cost. just like all other recurring monthly payments like HOA and property tax.

let’s take this South-of-Pomerado 4300 sqft home on 12k lot. http://www.sdlookup.com/MLS-100049824-10819_Figtree_Ct_San_Diego_CA_92131
asking is $1.4 million, with HOA of $76 per month. With 20% down, that works out to $5600/month of mortgage, and $1240/month of HOA and tax. For total of $6840/month.

meanwhile, compare to this Stonebridge 4700 sqft home on 12k lot. http://www.sdlookup.com/MLS-110019729-11364_Caspian_Pl_San_Diego_CA_92131
asking is $1.08 million, with HOA of $160 and MR of $440 per month. With 20% down, that works out to $4300/month of mortgage and $1500/month of HOA and tax and MR. For total of $5800/month.

for a newer and slightly larger home, despite the MR, the monthly housing cost is actually $1000 less. (actually $1200 less per month if we apply the same down payment of $280k to the Stonebridge home).

that is all.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[sdrealtor]

There is actually more as at some point in the future the MR will be paid off and will go away.

[familyguy]

That’s a great point ocr.

As an added “wtf?” you would think for the 1.4 asking price on the first house, you’d get an oven that was built this decade.

[familyguy]

That’s a great point ocr.

As an added “wtf?” you would think for the 1.4 asking price on the first house, you’d get an oven that was built this decade.

[familyguy]

That’s a great point ocr.

As an added “wtf?” you would think for the 1.4 asking price on the first house, you’d get an oven that was built this decade.

[familyguy]

That’s a great point ocr.

As an added “wtf?” you would think for the 1.4 asking price on the first house, you’d get an oven that was built this decade.

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