Fire will help market

[CardiffBaseball]

Dingo, are you saying you have a personal 10 year plan or were you implying you took out a 10 year I/O loan? What’s the property tax out there? I don’t think you can possibly be paying just $2400 total including tax, insurance, etc. Seems kind of low.

[sddreaming]

CarlsbadMtnBiker, I do recall now. I didn’t read it. Mayor Sanders stated this in one of the emergency press conferences last week. I’m pretty sure it was on Thursday. I’m looking for transcripts from those press conferences last week, but so far can’t find them.

[sddreaming]

CarlsbadMtnBiker, I do recall now. I didn’t read it. Mayor Sanders stated this in one of the emergency press conferences last week. I’m pretty sure it was on Thursday. I’m looking for transcripts from those press conferences last week, but so far can’t find them.

[sddreaming]

CarlsbadMtnBiker, I do recall now. I didn’t read it. Mayor Sanders stated this in one of the emergency press conferences last week. I’m pretty sure it was on Thursday. I’m looking for transcripts from those press conferences last week, but so far can’t find them.

[ibjames]

I don’t know about you, but my mentality has never gotten close to “time to buy”. I don’t know many that have that. If anything, they are a little bummed because the value of living closer to the coast has went up again for other reasons than waves and beaches, your chances for fire loss are less.

I wonder if insurance rates are going to go up, it seems like housing costs keep going up.

While some people can buy and be happy with their decisions. What about the people that don’t have 100k in their bank account to hopefully get a house? The percentage of people that cannot buy are still too large for prices to not decline.

If anything, it’s kind of like the nail in the coffin. I probably will only be able to afford in a fire prone area, and I don’t want to live there. Time to pack up and leave.

[ibjames]

I don’t know about you, but my mentality has never gotten close to “time to buy”. I don’t know many that have that. If anything, they are a little bummed because the value of living closer to the coast has went up again for other reasons than waves and beaches, your chances for fire loss are less.

I wonder if insurance rates are going to go up, it seems like housing costs keep going up.

While some people can buy and be happy with their decisions. What about the people that don’t have 100k in their bank account to hopefully get a house? The percentage of people that cannot buy are still too large for prices to not decline.

If anything, it’s kind of like the nail in the coffin. I probably will only be able to afford in a fire prone area, and I don’t want to live there. Time to pack up and leave.

[ibjames]

I don’t know about you, but my mentality has never gotten close to “time to buy”. I don’t know many that have that. If anything, they are a little bummed because the value of living closer to the coast has went up again for other reasons than waves and beaches, your chances for fire loss are less.

I wonder if insurance rates are going to go up, it seems like housing costs keep going up.

While some people can buy and be happy with their decisions. What about the people that don’t have 100k in their bank account to hopefully get a house? The percentage of people that cannot buy are still too large for prices to not decline.

If anything, it’s kind of like the nail in the coffin. I probably will only be able to afford in a fire prone area, and I don’t want to live there. Time to pack up and leave.

[zzz]

On Dingo’s numbers, here’s the math with a few assumptions on tax rate, HOA, insurance

Assumptions
Purchase Price $445,000
Down Payment Percentage 0%
Mortgage Interest Rate 6.10%
Points 3.00%
Mortgage Term 30 years
CPI for HOD & Insurance 3.00%
Long Term Capital Gain Tax Rate 15.00%
Effective Individual Tax Rate 28.00%

Loan Constant 7.27%
Loan Amount $445,000
Down Payment Amount $0
Monthly Mortgage Payment $2,696.68
Monthly Payment $3,354.59
“Effective” Monthly Payment $2,309.34

Homeowner’s Dues/Assoc. Fees $250 /month
Homeowner’s Insurance 0.10% Loan Amount
Private Mortgage Insurance 0.00% Loan Amount
Real Estate Property Taxes 1.00% Purchase Price

[zzz]

On Dingo’s numbers, here’s the math with a few assumptions on tax rate, HOA, insurance

Assumptions
Purchase Price $445,000
Down Payment Percentage 0%
Mortgage Interest Rate 6.10%
Points 3.00%
Mortgage Term 30 years
CPI for HOD & Insurance 3.00%
Long Term Capital Gain Tax Rate 15.00%
Effective Individual Tax Rate 28.00%

Loan Constant 7.27%
Loan Amount $445,000
Down Payment Amount $0
Monthly Mortgage Payment $2,696.68
Monthly Payment $3,354.59
“Effective” Monthly Payment $2,309.34

Homeowner’s Dues/Assoc. Fees $250 /month
Homeowner’s Insurance 0.10% Loan Amount
Private Mortgage Insurance 0.00% Loan Amount
Real Estate Property Taxes 1.00% Purchase Price

[zzz]

On Dingo’s numbers, here’s the math with a few assumptions on tax rate, HOA, insurance

Assumptions
Purchase Price $445,000
Down Payment Percentage 0%
Mortgage Interest Rate 6.10%
Points 3.00%
Mortgage Term 30 years
CPI for HOD & Insurance 3.00%
Long Term Capital Gain Tax Rate 15.00%
Effective Individual Tax Rate 28.00%

Loan Constant 7.27%
Loan Amount $445,000
Down Payment Amount $0
Monthly Mortgage Payment $2,696.68
Monthly Payment $3,354.59
“Effective” Monthly Payment $2,309.34

Homeowner’s Dues/Assoc. Fees $250 /month
Homeowner’s Insurance 0.10% Loan Amount
Private Mortgage Insurance 0.00% Loan Amount
Real Estate Property Taxes 1.00% Purchase Price

[Anonymous]

The economic impact will not be good. With materials costs so high, rebuilding is going to be expensive even if someone has insurance.

[Anonymous]

The economic impact will not be good. With materials costs so high, rebuilding is going to be expensive even if someone has insurance.

[Anonymous]

The economic impact will not be good. With materials costs so high, rebuilding is going to be expensive even if someone has insurance.

[sdrealtor]

No HOA fees on those La Costa duplexes

[sdrealtor]

No HOA fees on those La Costa duplexes

[Author]

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