Fire will help market

[sdrealtor]

No HOA fees on those La Costa duplexes

[CarlsbadMtnBiker]

Thanks sddreaming ..

I hope they nail those greedy landlords somehow for trying to take advantage of the fire victims.

[CarlsbadMtnBiker]

Thanks sddreaming ..

I hope they nail those greedy landlords somehow for trying to take advantage of the fire victims.

[CarlsbadMtnBiker]

Thanks sddreaming ..

I hope they nail those greedy landlords somehow for trying to take advantage of the fire victims.

[CardiffBaseball]

I see so dingo is probably considering the $2400 as the effective total payment after the tax savings. I don’t know that I can afford 3400 so that it becomes 2300 at the end of the year. Of course I suppose you reduce taxes. Still with my rent being $1900, I am guessing another 100K down is a better entry point. In my case I won’t buy until the credit card debt is down to zero which could take a couple of years and i’ll probably go a few months longer to build up a war chest for emergencies. Last time I bought a house, so much crap needed to be done, I ended up charging up again.

[CardiffBaseball]

I see so dingo is probably considering the $2400 as the effective total payment after the tax savings. I don’t know that I can afford 3400 so that it becomes 2300 at the end of the year. Of course I suppose you reduce taxes. Still with my rent being $1900, I am guessing another 100K down is a better entry point. In my case I won’t buy until the credit card debt is down to zero which could take a couple of years and i’ll probably go a few months longer to build up a war chest for emergencies. Last time I bought a house, so much crap needed to be done, I ended up charging up again.

[CardiffBaseball]

I see so dingo is probably considering the $2400 as the effective total payment after the tax savings. I don’t know that I can afford 3400 so that it becomes 2300 at the end of the year. Of course I suppose you reduce taxes. Still with my rent being $1900, I am guessing another 100K down is a better entry point. In my case I won’t buy until the credit card debt is down to zero which could take a couple of years and i’ll probably go a few months longer to build up a war chest for emergencies. Last time I bought a house, so much crap needed to be done, I ended up charging up again.

[JWM in SD]

Or the other way to look at is the opportunity cost. I would rather have that money sitting somewhere collecting 5% interest than waiting to get it back in my tax return. I don’t know how many times I’ve had to explain that concept to people….

[JWM in SD]

Or the other way to look at is the opportunity cost. I would rather have that money sitting somewhere collecting 5% interest than waiting to get it back in my tax return. I don’t know how many times I’ve had to explain that concept to people….

[JWM in SD]

Or the other way to look at is the opportunity cost. I would rather have that money sitting somewhere collecting 5% interest than waiting to get it back in my tax return. I don’t know how many times I’ve had to explain that concept to people….

[CardiffBaseball]

My choice of words was poor, but what I mean to say was I don’t think I could scratch $3400 right now, unless I reduced withholding. As a renter I don’t have near the writeoff I would as an owner so my current withholding probably will leave me with around $500, or so. It’s not like I am leaving a bunch of cash with uncle sam today.

As I said my financial picture sucks muddy pond water. Moving out here and my wife taking a cut in pay of $10K for two years was a big blow that we were not counting on so it’s been like running uphill ever since. Also, when I finally sold my house back in the midwest, I had to bring my only cash savings to the table to unload the house so suffice it to say, moving out here didn’t exactly help us.

But it is sunny!! And year round baseball.

[CardiffBaseball]

My choice of words was poor, but what I mean to say was I don’t think I could scratch $3400 right now, unless I reduced withholding. As a renter I don’t have near the writeoff I would as an owner so my current withholding probably will leave me with around $500, or so. It’s not like I am leaving a bunch of cash with uncle sam today.

As I said my financial picture sucks muddy pond water. Moving out here and my wife taking a cut in pay of $10K for two years was a big blow that we were not counting on so it’s been like running uphill ever since. Also, when I finally sold my house back in the midwest, I had to bring my only cash savings to the table to unload the house so suffice it to say, moving out here didn’t exactly help us.

But it is sunny!! And year round baseball.

[CardiffBaseball]

My choice of words was poor, but what I mean to say was I don’t think I could scratch $3400 right now, unless I reduced withholding. As a renter I don’t have near the writeoff I would as an owner so my current withholding probably will leave me with around $500, or so. It’s not like I am leaving a bunch of cash with uncle sam today.

As I said my financial picture sucks muddy pond water. Moving out here and my wife taking a cut in pay of $10K for two years was a big blow that we were not counting on so it’s been like running uphill ever since. Also, when I finally sold my house back in the midwest, I had to bring my only cash savings to the table to unload the house so suffice it to say, moving out here didn’t exactly help us.

But it is sunny!! And year round baseball.

[(former)FormerSanDiegan]

Or the other way to look at is the opportunity cost. I would rather have that money sitting somewhere collecting 5% interest than waiting to get it back in my tax return. I don’t know how many times I’ve had to explain that concept to people….

Not to defend the other position …

But, why do you think you need to wait for a tax return to have the benefit of lower taxes. You should simply set your withholding (or quarterly payments if you are not a W-2 employee) such that you pay approximately what you owe.

Paying too much and getting a refund later is giving Uncle Sam a tax-free loan. Like you said, I would rather have that money collecting 5% interest somewhere. One shouldn;t wait for their tax refund to benefit from lower taxes, regardless of the tax strategy deployed, whether it’s real estate, moving a few-hundred K into tax-free Munis, or whatever. I don’t know how many times I’ve had to explain that concept to people…

[(former)FormerSanDiegan]

Or the other way to look at is the opportunity cost. I would rather have that money sitting somewhere collecting 5% interest than waiting to get it back in my tax return. I don’t know how many times I’ve had to explain that concept to people….

Not to defend the other position …

But, why do you think you need to wait for a tax return to have the benefit of lower taxes. You should simply set your withholding (or quarterly payments if you are not a W-2 employee) such that you pay approximately what you owe.

Paying too much and getting a refund later is giving Uncle Sam a tax-free loan. Like you said, I would rather have that money collecting 5% interest somewhere. One shouldn;t wait for their tax refund to benefit from lower taxes, regardless of the tax strategy deployed, whether it’s real estate, moving a few-hundred K into tax-free Munis, or whatever. I don’t know how many times I’ve had to explain that concept to people…

[Author]

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