Is this a good deal ?

[an]

[quote=CA renter]Even **if** the $9,300 tax amount you saw was correct (I don’t think so — look at the previous purchase price), that’s $775/month, not $700. Add $100 for HOA, and it’s $875. I still think it will run over $900. I’m not factoring in mortgage costs, as my goal is to go 0% LTV.

With all the searching for new govt revenue, I won’t count on the MID or even Prop 13 being around for the long haul. As mentioned, the maintenance costs usually negate any tax benefit of MID or prop tax deduction, anyway.[/quote]
Where did you get $775/month from? According to the treasurer-tax collector, the tax rate is 1.04122% and a fixed cost of $2709.56, so, if you pay $570k, your tax bill will be $720.37 + $100 HOA = $820.37/month.

BTW, if you search for this parcel #: 221-852-49-00 in the SD tax treasurer-tax collector website, you’ll find that their last year tax was $9,300.48.

So, even if there’s no MID and no Prop 13 AND assume price doesn’t crash down once MID and Prop 13 get removed, your PIT is around $3000-3100/month if you get a loan. Insurance is probably another $100/month for that priced home, so you’re looking at $3100-3200/month. How much does it cost to rent the place?

[CA renter]

[quote=AN][quote=CA renter]Even **if** the $9,300 tax amount you saw was correct (I don’t think so — look at the previous purchase price), that’s $775/month, not $700. Add $100 for HOA, and it’s $875. I still think it will run over $900. I’m not factoring in mortgage costs, as my goal is to go 0% LTV.

With all the searching for new govt revenue, I won’t count on the MID or even Prop 13 being around for the long haul. As mentioned, the maintenance costs usually negate any tax benefit of MID or prop tax deduction, anyway.[/quote]
Where did you get $775/month from? According to the treasurer-tax collector, the tax rate is 1.04122% and a fixed cost of $2709.56, so, if you pay $570k, your tax bill will be $720.37 + $100 HOA = $820.37/month.

BTW, if you search for this parcel #: 221-852-49-00 in the SD tax treasurer-tax collector website, you’ll find that their last year tax was $9,300.48.

So, even if there’s no MID and no Prop 13 AND assume price doesn’t crash down once MID and Prop 13 get removed, your PIT is around $3000-3100/month if you get a loan. Insurance is probably another $100/month for that priced home, so you’re looking at $3100-3200/month. How much does it cost to rent the place?[/quote]

I don’t follow rentals in that particular area, but would guess that it would not rent for that much. Maybe $2,400-$2,600????

Got the $775 from the $9,300 you posted earlier. Per my calculations, the fixed monthly outlay would still be around $900, even with your numbers.

-Property tax, including Mello-Roos: $720
-HOA (will likely go up over time) $98
-Insurance: $100

Total: $918/month

Too much $$$$$$, especially if the house is paid off!

[CA renter]

[quote=AN][quote=CA renter]Even **if** the $9,300 tax amount you saw was correct (I don’t think so — look at the previous purchase price), that’s $775/month, not $700. Add $100 for HOA, and it’s $875. I still think it will run over $900. I’m not factoring in mortgage costs, as my goal is to go 0% LTV.

With all the searching for new govt revenue, I won’t count on the MID or even Prop 13 being around for the long haul. As mentioned, the maintenance costs usually negate any tax benefit of MID or prop tax deduction, anyway.[/quote]
Where did you get $775/month from? According to the treasurer-tax collector, the tax rate is 1.04122% and a fixed cost of $2709.56, so, if you pay $570k, your tax bill will be $720.37 + $100 HOA = $820.37/month.

BTW, if you search for this parcel #: 221-852-49-00 in the SD tax treasurer-tax collector website, you’ll find that their last year tax was $9,300.48.

So, even if there’s no MID and no Prop 13 AND assume price doesn’t crash down once MID and Prop 13 get removed, your PIT is around $3000-3100/month if you get a loan. Insurance is probably another $100/month for that priced home, so you’re looking at $3100-3200/month. How much does it cost to rent the place?[/quote]

I don’t follow rentals in that particular area, but would guess that it would not rent for that much. Maybe $2,400-$2,600????

Got the $775 from the $9,300 you posted earlier. Per my calculations, the fixed monthly outlay would still be around $900, even with your numbers.

-Property tax, including Mello-Roos: $720
-HOA (will likely go up over time) $98
-Insurance: $100

Total: $918/month

Too much $$$$$$, especially if the house is paid off!

[CA renter]

[quote=AN][quote=CA renter]Even **if** the $9,300 tax amount you saw was correct (I don’t think so — look at the previous purchase price), that’s $775/month, not $700. Add $100 for HOA, and it’s $875. I still think it will run over $900. I’m not factoring in mortgage costs, as my goal is to go 0% LTV.

With all the searching for new govt revenue, I won’t count on the MID or even Prop 13 being around for the long haul. As mentioned, the maintenance costs usually negate any tax benefit of MID or prop tax deduction, anyway.[/quote]
Where did you get $775/month from? According to the treasurer-tax collector, the tax rate is 1.04122% and a fixed cost of $2709.56, so, if you pay $570k, your tax bill will be $720.37 + $100 HOA = $820.37/month.

BTW, if you search for this parcel #: 221-852-49-00 in the SD tax treasurer-tax collector website, you’ll find that their last year tax was $9,300.48.

So, even if there’s no MID and no Prop 13 AND assume price doesn’t crash down once MID and Prop 13 get removed, your PIT is around $3000-3100/month if you get a loan. Insurance is probably another $100/month for that priced home, so you’re looking at $3100-3200/month. How much does it cost to rent the place?[/quote]

I don’t follow rentals in that particular area, but would guess that it would not rent for that much. Maybe $2,400-$2,600????

Got the $775 from the $9,300 you posted earlier. Per my calculations, the fixed monthly outlay would still be around $900, even with your numbers.

-Property tax, including Mello-Roos: $720
-HOA (will likely go up over time) $98
-Insurance: $100

Total: $918/month

Too much $$$$$$, especially if the house is paid off!

[CA renter]

[quote=AN][quote=CA renter]Even **if** the $9,300 tax amount you saw was correct (I don’t think so — look at the previous purchase price), that’s $775/month, not $700. Add $100 for HOA, and it’s $875. I still think it will run over $900. I’m not factoring in mortgage costs, as my goal is to go 0% LTV.

With all the searching for new govt revenue, I won’t count on the MID or even Prop 13 being around for the long haul. As mentioned, the maintenance costs usually negate any tax benefit of MID or prop tax deduction, anyway.[/quote]
Where did you get $775/month from? According to the treasurer-tax collector, the tax rate is 1.04122% and a fixed cost of $2709.56, so, if you pay $570k, your tax bill will be $720.37 + $100 HOA = $820.37/month.

BTW, if you search for this parcel #: 221-852-49-00 in the SD tax treasurer-tax collector website, you’ll find that their last year tax was $9,300.48.

So, even if there’s no MID and no Prop 13 AND assume price doesn’t crash down once MID and Prop 13 get removed, your PIT is around $3000-3100/month if you get a loan. Insurance is probably another $100/month for that priced home, so you’re looking at $3100-3200/month. How much does it cost to rent the place?[/quote]

I don’t follow rentals in that particular area, but would guess that it would not rent for that much. Maybe $2,400-$2,600????

Got the $775 from the $9,300 you posted earlier. Per my calculations, the fixed monthly outlay would still be around $900, even with your numbers.

-Property tax, including Mello-Roos: $720
-HOA (will likely go up over time) $98
-Insurance: $100

Total: $918/month

Too much $$$$$$, especially if the house is paid off!

[CA renter]

[quote=AN][quote=CA renter]Even **if** the $9,300 tax amount you saw was correct (I don’t think so — look at the previous purchase price), that’s $775/month, not $700. Add $100 for HOA, and it’s $875. I still think it will run over $900. I’m not factoring in mortgage costs, as my goal is to go 0% LTV.

With all the searching for new govt revenue, I won’t count on the MID or even Prop 13 being around for the long haul. As mentioned, the maintenance costs usually negate any tax benefit of MID or prop tax deduction, anyway.[/quote]
Where did you get $775/month from? According to the treasurer-tax collector, the tax rate is 1.04122% and a fixed cost of $2709.56, so, if you pay $570k, your tax bill will be $720.37 + $100 HOA = $820.37/month.

BTW, if you search for this parcel #: 221-852-49-00 in the SD tax treasurer-tax collector website, you’ll find that their last year tax was $9,300.48.

So, even if there’s no MID and no Prop 13 AND assume price doesn’t crash down once MID and Prop 13 get removed, your PIT is around $3000-3100/month if you get a loan. Insurance is probably another $100/month for that priced home, so you’re looking at $3100-3200/month. How much does it cost to rent the place?[/quote]

I don’t follow rentals in that particular area, but would guess that it would not rent for that much. Maybe $2,400-$2,600????

Got the $775 from the $9,300 you posted earlier. Per my calculations, the fixed monthly outlay would still be around $900, even with your numbers.

-Property tax, including Mello-Roos: $720
-HOA (will likely go up over time) $98
-Insurance: $100

Total: $918/month

Too much $$$$$$, especially if the house is paid off!

[CA renter]

[quote=AN][quote=CA renter]The Megan’s Law stuff was just the last thing. We didn’t like the steep hill, school district (in case we decide to use public schools), or the fact that the seller wanted to stay for two months, but had failed to even look at other homes even while in escrow — didn’t seem in a hurry to move, at all. We didn’t want to deal with a recalcitrant seller and possibly have a drawn-out eviction on our hands if he didn’t manage to move out after 60 days…and no recourse with agents, etc. Good move on our part, as when we drove by there about 6 months later, he was still living there.[/quote]
I thought you said there’s a lot of choices in our current public school system. Why does it matter where the designated public school is?[/quote]

We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.

[CA renter]

[quote=AN][quote=CA renter]The Megan’s Law stuff was just the last thing. We didn’t like the steep hill, school district (in case we decide to use public schools), or the fact that the seller wanted to stay for two months, but had failed to even look at other homes even while in escrow — didn’t seem in a hurry to move, at all. We didn’t want to deal with a recalcitrant seller and possibly have a drawn-out eviction on our hands if he didn’t manage to move out after 60 days…and no recourse with agents, etc. Good move on our part, as when we drove by there about 6 months later, he was still living there.[/quote]
I thought you said there’s a lot of choices in our current public school system. Why does it matter where the designated public school is?[/quote]

We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.

[CA renter]

[quote=AN][quote=CA renter]The Megan’s Law stuff was just the last thing. We didn’t like the steep hill, school district (in case we decide to use public schools), or the fact that the seller wanted to stay for two months, but had failed to even look at other homes even while in escrow — didn’t seem in a hurry to move, at all. We didn’t want to deal with a recalcitrant seller and possibly have a drawn-out eviction on our hands if he didn’t manage to move out after 60 days…and no recourse with agents, etc. Good move on our part, as when we drove by there about 6 months later, he was still living there.[/quote]
I thought you said there’s a lot of choices in our current public school system. Why does it matter where the designated public school is?[/quote]

We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.

[CA renter]

[quote=AN][quote=CA renter]The Megan’s Law stuff was just the last thing. We didn’t like the steep hill, school district (in case we decide to use public schools), or the fact that the seller wanted to stay for two months, but had failed to even look at other homes even while in escrow — didn’t seem in a hurry to move, at all. We didn’t want to deal with a recalcitrant seller and possibly have a drawn-out eviction on our hands if he didn’t manage to move out after 60 days…and no recourse with agents, etc. Good move on our part, as when we drove by there about 6 months later, he was still living there.[/quote]
I thought you said there’s a lot of choices in our current public school system. Why does it matter where the designated public school is?[/quote]

We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.

[CA renter]

[quote=AN][quote=CA renter]The Megan’s Law stuff was just the last thing. We didn’t like the steep hill, school district (in case we decide to use public schools), or the fact that the seller wanted to stay for two months, but had failed to even look at other homes even while in escrow — didn’t seem in a hurry to move, at all. We didn’t want to deal with a recalcitrant seller and possibly have a drawn-out eviction on our hands if he didn’t manage to move out after 60 days…and no recourse with agents, etc. Good move on our part, as when we drove by there about 6 months later, he was still living there.[/quote]
I thought you said there’s a lot of choices in our current public school system. Why does it matter where the designated public school is?[/quote]

We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.

[an]

[quote=CA renter]We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.[/quote]
But if we have plenty of choices like you stated, then you could easily send your kid to the same public school your kids’ friends would be going to w/out much fuss, right? Just buy in San Marcos schools and choice into your desired Carlsbad’s schools?

[an]

[quote=CA renter]We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.[/quote]
But if we have plenty of choices like you stated, then you could easily send your kid to the same public school your kids’ friends would be going to w/out much fuss, right? Just buy in San Marcos schools and choice into your desired Carlsbad’s schools?

[an]

[quote=CA renter]We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.[/quote]
But if we have plenty of choices like you stated, then you could easily send your kid to the same public school your kids’ friends would be going to w/out much fuss, right? Just buy in San Marcos schools and choice into your desired Carlsbad’s schools?

[an]

[quote=CA renter]We’ve lived in our current neighborhood for over seven years, and our kids know the kids from our local schools. If we were to put them in public school, we would like for them to go where their friends are. It’s not that we think the other district (San Marcos) is bad, because the schools are pretty good. It’s just a personal/social thing in our case.[/quote]
But if we have plenty of choices like you stated, then you could easily send your kid to the same public school your kids’ friends would be going to w/out much fuss, right? Just buy in San Marcos schools and choice into your desired Carlsbad’s schools?

[Author]

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