[quote=sdcellar]My contention is that they almost certainly would have sold for higher prices.
I should also take this opportunity to correct myself and acknowledge that the one other thing that will negate the impact of significant M-R taxes is time itself. In twenty years or so, they should be paid off and become a non-factor (and this may well occur more quickly than inflation will numb the hit).
I’ve heard anecdotally that the M-R assessments can be extended, but I have no idea how often it occurs to any meaningful extent.
A buyer today would still be wise to not overrate such long-term effects, however. That is, be careful not to put too much stock into the 30-year (or 20-) argument as many homeowners never get there. If instead, it’s honestly your home to die in, then yes, your kids might not be so affected by your currently (outrageous) Mello-Roos.[/quote]
An example of this thinking in North County.
Even though we don’t like the look and feel (and HOAs and Mello-Roos) of new communities, we try to keep an open mind, especially since what we really want is in very short supply.
We checked out a house today that would suit our family beautifully — good-sized house, big yard for the area, yet we could live in it when we’re old, since we’re buying our “toe-tag” house…AND it was priced very well for what it is. It’s a newer house, so it has the MR and HOA. When we added it all up, the MR, HOA, and property taxes alone would have come to around $900/month. No way we want to deal with a payment like that on a paid-off house when we’re retired.
Like you mentioned, MR **might** be paid off in 20-30 years, but there is no guarantee. I’ve also heard about the possibility that they can extend the MR, so we can’t count on a certain, fixed cost when we’re retired. No way we want to take that risk, especially when retirement plans/pensions are in such a precarious situation as they are today.
So…we decided against the house. I’m sure we’re not the only buyers who worry about MR and HOA fees like this.
CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?
CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?
CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?
CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?
CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?
[quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.
[quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.
[quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.
[quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.
[quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.
[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.[/quote]
+1
[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.[/quote]
+1
[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.[/quote]
+1
[quote=ocrenter][quote=sdrealtor]CAR
Quick questions for ya. You said MR, HOA and property taxes were $900. How much were the property taxes of that $900? My guess would be $700ish? If so, is it really $200 (or whatever) of MR and HOA that is holding you back?[/quote]
CAR, would love to see a link of this house in question.[/quote]
+1
.
