Older Homes in Carlsbad

[Occams Realtor]

Thanks SD. You reiterated many of my points of reasoning and the unknowns to consider. The big unknown is whether newer homes in Carlsbad will drop down into my price range. My price range does allow for the purchase of an older single family home right now but if I waited I might be able to purchase a new home where less upgrades/refurbishing is required. I too have some qualities that will determine my purchases and, like you, no MR and low HOAs are huge considerations (older homes).

MR is the biggest farce! Sorry to get on my soap box about this but I recently found out what they are. Correct me if I am wrong but they last for 30 years, should have been paid by the developers, and were a means for the city to lure developers to their area. Was any luring needed during the booming housing market recently? I don’t get what the city was thinking. Why not make the developers pay the fees instead of strapping the citizens with them for 30 years… no mello roos for me!

You might be familiar with the Mystic Point development in Carlsbad. They are condos built at the height and virtually all buyers are upside down, if they have not foreclosed or had to short sale already. The HOAs are around 200/month and some of the MR fees are about the same. That 400/per month cost will not cease for thirty years and the HOA fees will probably increase. Who is willing to take that on for a condo so close to other units you can hear your neighbor’s toilet flush?

[Raybyrnes]

I don’t like MR eithe but how is it a farce.When new property is developed on a grand scale city resources are going to be tapped into by the owner. Scools get hit with more student and have to hire more teachers . Utilities need to be wired up, sewer system used more, street and roads more utilized. So who is suppose to pay for this.

If yo put it to the builder then he is going to add it to his purchase price. If the purchase price which includes MR is not in line with the market and his profit motive then he is going to walk and the project does not move forward.

If o don’t like MR (I am not a fan) fine . But to say that the developers are getting some sort of free pass suggests a lack of top down understanding of what those fees are for.

[Raybyrnes]

I don’t like MR eithe but how is it a farce.When new property is developed on a grand scale city resources are going to be tapped into by the owner. Scools get hit with more student and have to hire more teachers . Utilities need to be wired up, sewer system used more, street and roads more utilized. So who is suppose to pay for this.

If yo put it to the builder then he is going to add it to his purchase price. If the purchase price which includes MR is not in line with the market and his profit motive then he is going to walk and the project does not move forward.

If o don’t like MR (I am not a fan) fine . But to say that the developers are getting some sort of free pass suggests a lack of top down understanding of what those fees are for.

[Raybyrnes]

I don’t like MR eithe but how is it a farce.When new property is developed on a grand scale city resources are going to be tapped into by the owner. Scools get hit with more student and have to hire more teachers . Utilities need to be wired up, sewer system used more, street and roads more utilized. So who is suppose to pay for this.

If yo put it to the builder then he is going to add it to his purchase price. If the purchase price which includes MR is not in line with the market and his profit motive then he is going to walk and the project does not move forward.

If o don’t like MR (I am not a fan) fine . But to say that the developers are getting some sort of free pass suggests a lack of top down understanding of what those fees are for.

[Raybyrnes]

I don’t like MR eithe but how is it a farce.When new property is developed on a grand scale city resources are going to be tapped into by the owner. Scools get hit with more student and have to hire more teachers . Utilities need to be wired up, sewer system used more, street and roads more utilized. So who is suppose to pay for this.

If yo put it to the builder then he is going to add it to his purchase price. If the purchase price which includes MR is not in line with the market and his profit motive then he is going to walk and the project does not move forward.

If o don’t like MR (I am not a fan) fine . But to say that the developers are getting some sort of free pass suggests a lack of top down understanding of what those fees are for.

[Raybyrnes]

I don’t like MR eithe but how is it a farce.When new property is developed on a grand scale city resources are going to be tapped into by the owner. Scools get hit with more student and have to hire more teachers . Utilities need to be wired up, sewer system used more, street and roads more utilized. So who is suppose to pay for this.

If yo put it to the builder then he is going to add it to his purchase price. If the purchase price which includes MR is not in line with the market and his profit motive then he is going to walk and the project does not move forward.

If o don’t like MR (I am not a fan) fine . But to say that the developers are getting some sort of free pass suggests a lack of top down understanding of what those fees are for.

[Raybyrnes]

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[Raybyrnes]

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[Raybyrnes]

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[Raybyrnes]

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[Raybyrnes]

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[SD Realtor]

It always serves well for people to find out more about Mello Roos. In the past I have posted links to find out the origins of it. Go ahead and google Mello Roos in California and you will find the origins which in a nutshell simply were created by politicians in order to make up for loss of revenue created by prop 13.

[SD Realtor]

It always serves well for people to find out more about Mello Roos. In the past I have posted links to find out the origins of it. Go ahead and google Mello Roos in California and you will find the origins which in a nutshell simply were created by politicians in order to make up for loss of revenue created by prop 13.

[SD Realtor]

It always serves well for people to find out more about Mello Roos. In the past I have posted links to find out the origins of it. Go ahead and google Mello Roos in California and you will find the origins which in a nutshell simply were created by politicians in order to make up for loss of revenue created by prop 13.

[SD Realtor]

It always serves well for people to find out more about Mello Roos. In the past I have posted links to find out the origins of it. Go ahead and google Mello Roos in California and you will find the origins which in a nutshell simply were created by politicians in order to make up for loss of revenue created by prop 13.

[Author]

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