Looking for intelligent advice

[Aecetia]

Fletcher Hills is a very nice area and not that far away from downtown, the beach, etc. There are nice restaurants and shopping centers in the immediate area, Costco is close. I think you made a good move. Congratulations!

[Hobie]

What happens at year 8? Will you stay or will you go? sounds like a song…

If you have to go, then the debt service on the purchase and rehab costs probably will be greater than renting. You also have flexibility.

Since you are planning on having kids, the schools and neighborhood will probably outweigh your commuting time in importance. So what I’m saying, is to rent close to work or university now and learn the area. When you have kids, they will be young enough to relocate without school and friends problems. Oh and watch the HOA and MelloRoos fees. This combined with utility costs can have a significant impact on your monthly cash flow.

And the market just may be even more favorable to a buyer in a year or two 😉

[Hobie]

What happens at year 8? Will you stay or will you go? sounds like a song…

If you have to go, then the debt service on the purchase and rehab costs probably will be greater than renting. You also have flexibility.

Since you are planning on having kids, the schools and neighborhood will probably outweigh your commuting time in importance. So what I’m saying, is to rent close to work or university now and learn the area. When you have kids, they will be young enough to relocate without school and friends problems. Oh and watch the HOA and MelloRoos fees. This combined with utility costs can have a significant impact on your monthly cash flow.

And the market just may be even more favorable to a buyer in a year or two 😉

[Hobie]

What happens at year 8? Will you stay or will you go? sounds like a song…

If you have to go, then the debt service on the purchase and rehab costs probably will be greater than renting. You also have flexibility.

Since you are planning on having kids, the schools and neighborhood will probably outweigh your commuting time in importance. So what I’m saying, is to rent close to work or university now and learn the area. When you have kids, they will be young enough to relocate without school and friends problems. Oh and watch the HOA and MelloRoos fees. This combined with utility costs can have a significant impact on your monthly cash flow.

And the market just may be even more favorable to a buyer in a year or two 😉

[Hobie]

What happens at year 8? Will you stay or will you go? sounds like a song…

If you have to go, then the debt service on the purchase and rehab costs probably will be greater than renting. You also have flexibility.

Since you are planning on having kids, the schools and neighborhood will probably outweigh your commuting time in importance. So what I’m saying, is to rent close to work or university now and learn the area. When you have kids, they will be young enough to relocate without school and friends problems. Oh and watch the HOA and MelloRoos fees. This combined with utility costs can have a significant impact on your monthly cash flow.

And the market just may be even more favorable to a buyer in a year or two 😉

[Hobie]

What happens at year 8? Will you stay or will you go? sounds like a song…

If you have to go, then the debt service on the purchase and rehab costs probably will be greater than renting. You also have flexibility.

Since you are planning on having kids, the schools and neighborhood will probably outweigh your commuting time in importance. So what I’m saying, is to rent close to work or university now and learn the area. When you have kids, they will be young enough to relocate without school and friends problems. Oh and watch the HOA and MelloRoos fees. This combined with utility costs can have a significant impact on your monthly cash flow.

And the market just may be even more favorable to a buyer in a year or two 😉

[Ren]

[quote=temeculaguy]
Ren, you are absolutely going to love the town and the low mortgage payment, especially the low payment. It’s been almost a year since I jumped back in and I have the lowest payment to income ratio of my life. For the first time in my life I wasn’t house poor during that dreaded first year after buying, I cannot find the words to express the peace of mind that biting off less than you can chew will bring. I’ve always bought what I could barely afford at a fixed rate and then allowed time and inflation to balance things out. In retrospect, that wasn’t a bad plan, it’s just not as good as going ultra affordable. Anyway, welcome to the hood, drinks on me.[/quote]

Thanks tg, I might take you up on that. We were actually thinking of becoming a member of one of the wineries, maybe Ponte. Then my wife had to go and get pregnant again.

Loving the payment already and haven’t made one yet. We’ve got about a month to go before actually moving in, first need to help the Lowes folks pay for their kids’ college.

[Ren]

[quote=temeculaguy]
Ren, you are absolutely going to love the town and the low mortgage payment, especially the low payment. It’s been almost a year since I jumped back in and I have the lowest payment to income ratio of my life. For the first time in my life I wasn’t house poor during that dreaded first year after buying, I cannot find the words to express the peace of mind that biting off less than you can chew will bring. I’ve always bought what I could barely afford at a fixed rate and then allowed time and inflation to balance things out. In retrospect, that wasn’t a bad plan, it’s just not as good as going ultra affordable. Anyway, welcome to the hood, drinks on me.[/quote]

Thanks tg, I might take you up on that. We were actually thinking of becoming a member of one of the wineries, maybe Ponte. Then my wife had to go and get pregnant again.

Loving the payment already and haven’t made one yet. We’ve got about a month to go before actually moving in, first need to help the Lowes folks pay for their kids’ college.

[Ren]

[quote=temeculaguy]
Ren, you are absolutely going to love the town and the low mortgage payment, especially the low payment. It’s been almost a year since I jumped back in and I have the lowest payment to income ratio of my life. For the first time in my life I wasn’t house poor during that dreaded first year after buying, I cannot find the words to express the peace of mind that biting off less than you can chew will bring. I’ve always bought what I could barely afford at a fixed rate and then allowed time and inflation to balance things out. In retrospect, that wasn’t a bad plan, it’s just not as good as going ultra affordable. Anyway, welcome to the hood, drinks on me.[/quote]

Thanks tg, I might take you up on that. We were actually thinking of becoming a member of one of the wineries, maybe Ponte. Then my wife had to go and get pregnant again.

Loving the payment already and haven’t made one yet. We’ve got about a month to go before actually moving in, first need to help the Lowes folks pay for their kids’ college.

[Ren]

[quote=temeculaguy]
Ren, you are absolutely going to love the town and the low mortgage payment, especially the low payment. It’s been almost a year since I jumped back in and I have the lowest payment to income ratio of my life. For the first time in my life I wasn’t house poor during that dreaded first year after buying, I cannot find the words to express the peace of mind that biting off less than you can chew will bring. I’ve always bought what I could barely afford at a fixed rate and then allowed time and inflation to balance things out. In retrospect, that wasn’t a bad plan, it’s just not as good as going ultra affordable. Anyway, welcome to the hood, drinks on me.[/quote]

Thanks tg, I might take you up on that. We were actually thinking of becoming a member of one of the wineries, maybe Ponte. Then my wife had to go and get pregnant again.

Loving the payment already and haven’t made one yet. We’ve got about a month to go before actually moving in, first need to help the Lowes folks pay for their kids’ college.

[Ren]

[quote=temeculaguy]
Ren, you are absolutely going to love the town and the low mortgage payment, especially the low payment. It’s been almost a year since I jumped back in and I have the lowest payment to income ratio of my life. For the first time in my life I wasn’t house poor during that dreaded first year after buying, I cannot find the words to express the peace of mind that biting off less than you can chew will bring. I’ve always bought what I could barely afford at a fixed rate and then allowed time and inflation to balance things out. In retrospect, that wasn’t a bad plan, it’s just not as good as going ultra affordable. Anyway, welcome to the hood, drinks on me.[/quote]

Thanks tg, I might take you up on that. We were actually thinking of becoming a member of one of the wineries, maybe Ponte. Then my wife had to go and get pregnant again.

Loving the payment already and haven’t made one yet. We’ve got about a month to go before actually moving in, first need to help the Lowes folks pay for their kids’ college.

[Author]

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