Is this a good deal ?

[CA renter]

[quote=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?[/quote]

No, we couldn’t, because those schools would be full — no more room!

[svelte]

[quote=ocrenter]CAR, from the property tax site shows MR of around $3000/year, which translates to $250 per month.
…all MR are not created equal. I don’t think in this case the MR should be the deal breaker.[/quote]

This puts my mind in a time warp! In the early 90s we bought our first SFR and it had a MR of a lil over 200…we’d tell ppl where we lived and they would look at us as if we were friggin nuts for paying MR even close to that figure.

Now, the feeling is that it is a pretty mello MR.

[svelte]

[quote=ocrenter]CAR, from the property tax site shows MR of around $3000/year, which translates to $250 per month.
…all MR are not created equal. I don’t think in this case the MR should be the deal breaker.[/quote]

This puts my mind in a time warp! In the early 90s we bought our first SFR and it had a MR of a lil over 200…we’d tell ppl where we lived and they would look at us as if we were friggin nuts for paying MR even close to that figure.

Now, the feeling is that it is a pretty mello MR.

[svelte]

[quote=ocrenter]CAR, from the property tax site shows MR of around $3000/year, which translates to $250 per month.
…all MR are not created equal. I don’t think in this case the MR should be the deal breaker.[/quote]

This puts my mind in a time warp! In the early 90s we bought our first SFR and it had a MR of a lil over 200…we’d tell ppl where we lived and they would look at us as if we were friggin nuts for paying MR even close to that figure.

Now, the feeling is that it is a pretty mello MR.

[svelte]

[quote=ocrenter]CAR, from the property tax site shows MR of around $3000/year, which translates to $250 per month.
…all MR are not created equal. I don’t think in this case the MR should be the deal breaker.[/quote]

This puts my mind in a time warp! In the early 90s we bought our first SFR and it had a MR of a lil over 200…we’d tell ppl where we lived and they would look at us as if we were friggin nuts for paying MR even close to that figure.

Now, the feeling is that it is a pretty mello MR.

[svelte]

[quote=ocrenter]CAR, from the property tax site shows MR of around $3000/year, which translates to $250 per month.
…all MR are not created equal. I don’t think in this case the MR should be the deal breaker.[/quote]

This puts my mind in a time warp! In the early 90s we bought our first SFR and it had a MR of a lil over 200…we’d tell ppl where we lived and they would look at us as if we were friggin nuts for paying MR even close to that figure.

Now, the feeling is that it is a pretty mello MR.

[an]

[quote=CA renter]You can’t compare these fixed monthly costs with rents because you have to figure the $570,000 cash into the equation (or more, if you get a mortgage and have to pay interest and fees on top of that).

IMHO, for a retired couple in our income/retirement situation, the max they should be paying for housing costs is around $500/month…preferably less.[/quote]
I already did a calculation if you would mortgage it. I’m aware of the $570k in cash if you pay in cash. How much can you get in interest for that $570k right now or even the next 2 years when the fed say they’re keeping the rates at 0% for the next 2 years?

$500/month would mean there’s no way they could afford to retire in this/similar house, even if they bought in 2000. I did a rough tax + MR if they bought in 2000 AND assuming no appreciation (we all know the assessed value is higher than the original 2000 purchased price) and it comes out to be ~$587 + $100 for HOA and you have $687/month. So yeah, even if you get your 2000 nominal price today, you’d still be ~$200/month above your desired $500/month level.

[an]

[quote=CA renter]You can’t compare these fixed monthly costs with rents because you have to figure the $570,000 cash into the equation (or more, if you get a mortgage and have to pay interest and fees on top of that).

IMHO, for a retired couple in our income/retirement situation, the max they should be paying for housing costs is around $500/month…preferably less.[/quote]
I already did a calculation if you would mortgage it. I’m aware of the $570k in cash if you pay in cash. How much can you get in interest for that $570k right now or even the next 2 years when the fed say they’re keeping the rates at 0% for the next 2 years?

$500/month would mean there’s no way they could afford to retire in this/similar house, even if they bought in 2000. I did a rough tax + MR if they bought in 2000 AND assuming no appreciation (we all know the assessed value is higher than the original 2000 purchased price) and it comes out to be ~$587 + $100 for HOA and you have $687/month. So yeah, even if you get your 2000 nominal price today, you’d still be ~$200/month above your desired $500/month level.

[an]

[quote=CA renter]You can’t compare these fixed monthly costs with rents because you have to figure the $570,000 cash into the equation (or more, if you get a mortgage and have to pay interest and fees on top of that).

IMHO, for a retired couple in our income/retirement situation, the max they should be paying for housing costs is around $500/month…preferably less.[/quote]
I already did a calculation if you would mortgage it. I’m aware of the $570k in cash if you pay in cash. How much can you get in interest for that $570k right now or even the next 2 years when the fed say they’re keeping the rates at 0% for the next 2 years?

$500/month would mean there’s no way they could afford to retire in this/similar house, even if they bought in 2000. I did a rough tax + MR if they bought in 2000 AND assuming no appreciation (we all know the assessed value is higher than the original 2000 purchased price) and it comes out to be ~$587 + $100 for HOA and you have $687/month. So yeah, even if you get your 2000 nominal price today, you’d still be ~$200/month above your desired $500/month level.

[an]

[quote=CA renter]You can’t compare these fixed monthly costs with rents because you have to figure the $570,000 cash into the equation (or more, if you get a mortgage and have to pay interest and fees on top of that).

IMHO, for a retired couple in our income/retirement situation, the max they should be paying for housing costs is around $500/month…preferably less.[/quote]
I already did a calculation if you would mortgage it. I’m aware of the $570k in cash if you pay in cash. How much can you get in interest for that $570k right now or even the next 2 years when the fed say they’re keeping the rates at 0% for the next 2 years?

$500/month would mean there’s no way they could afford to retire in this/similar house, even if they bought in 2000. I did a rough tax + MR if they bought in 2000 AND assuming no appreciation (we all know the assessed value is higher than the original 2000 purchased price) and it comes out to be ~$587 + $100 for HOA and you have $687/month. So yeah, even if you get your 2000 nominal price today, you’d still be ~$200/month above your desired $500/month level.

[an]

[quote=CA renter]You can’t compare these fixed monthly costs with rents because you have to figure the $570,000 cash into the equation (or more, if you get a mortgage and have to pay interest and fees on top of that).

IMHO, for a retired couple in our income/retirement situation, the max they should be paying for housing costs is around $500/month…preferably less.[/quote]
I already did a calculation if you would mortgage it. I’m aware of the $570k in cash if you pay in cash. How much can you get in interest for that $570k right now or even the next 2 years when the fed say they’re keeping the rates at 0% for the next 2 years?

$500/month would mean there’s no way they could afford to retire in this/similar house, even if they bought in 2000. I did a rough tax + MR if they bought in 2000 AND assuming no appreciation (we all know the assessed value is higher than the original 2000 purchased price) and it comes out to be ~$587 + $100 for HOA and you have $687/month. So yeah, even if you get your 2000 nominal price today, you’d still be ~$200/month above your desired $500/month level.

[sdrealtor]

To have taxes and insurance under $500/month you will need to buy around $400K and have no HOA. No way you will do that in this area for a house you’d live in.

BTW, the new house is the same school system as the one you walked on.

[sdrealtor]

To have taxes and insurance under $500/month you will need to buy around $400K and have no HOA. No way you will do that in this area for a house you’d live in.

BTW, the new house is the same school system as the one you walked on.

[sdrealtor]

To have taxes and insurance under $500/month you will need to buy around $400K and have no HOA. No way you will do that in this area for a house you’d live in.

BTW, the new house is the same school system as the one you walked on.

[sdrealtor]

To have taxes and insurance under $500/month you will need to buy around $400K and have no HOA. No way you will do that in this area for a house you’d live in.

BTW, the new house is the same school system as the one you walked on.

[Author]

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