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4slive
Participantbe cautious, the MR payoff amount is $170K !!! It essentially bring the home price to 1.3M.
ParticipantI did paid-off last year. I just checked my property tax bill, it shows .00 next to CFD items.
ParticipantIt’ll limit your buyer’s pool. But smart buyer with enough cash surely willing to buy house w/o MR. It all matters the monthly payment!
Participant[quote=DaCounselor]PHR is a good example of dangers associated with being an early settlor in a planned community. Eight years or so from the first homes going up and still no parks, no shopping and no schools? Eight years!
I think they are getting closer to putting a shopping center up on the corner of DM Heights Rd and CV Rd, but I understand there is still some serious debate on the subject. Nothing is coming easy for PHR…
I doubt there will ever be any new housing stock on decent lot sizes in PHR as the entire concept is for a pedestrian friendly community with small lots and a villagey feel.
I would much prefer the older housing stock in CV than PHR for about the same price. Way too many question marks in PHR’s future. They may ultimately get everything figured out and built out, but by that time the early settlors’ kids will be off to college…It may end up fulfilling its promise but if and when is the question and you really won’t know how the area will feel until it’s built out.[/quote]
Is that because Pardee home too greedy? Just want to build home to generate revenue instead of rewarding the community for parks, schools and shopping center.
Participant[quote=mp7444][quote=4slive]because MR annual payment is equvilent to 8-9% interest rate.[/quote]
Could you shed some lights on how to is this number calculated?
I’m thinking about paying off the MR as well. MR & property tax together are like 1k/mo. :/[/quote]
Contact PUSD or county to get your MR pay off amount, assume it’s the principle, then plug in the number to 30-year fixed mortgage calculator, you should be able to figure out the equivelant interest rate for same monthly payment. To give you some ideas, the MR pay off amount is usually 10 times of your annual payment.
Participant[quote=earlyretirement]I have been busy so I haven’t bothered yet to do this. Plus wasn’t excited about paying $500 to get the pay-off amount. But I will probably end up doing this as we plan to be in the house for the long haul.[/quote]
Here are the pros I summarized to pay off MR, just my 2 cents:
1) With such low 30-year fixed mortgate interest rate (~4%), it becomes more and more reasonable to pay off MR because MR annual payment is equvilent to 8-9% interest rate. In another words, borrowing some cheap money to pay off high cost MR is financially wise now;
2) The mortgage rate is locked for no change in 30 years while MR payment will be going up 2% (?) every year for 30-40 year. So given same amount of principle, the lifetime payment for MR is much more than mortgate payment;
3) Theoretically MR is not tax deductible, even it’s gray area on tax return now, but with many high income families in 92127, the AMT will kill the tax deductible advantage of MR;Participant[quote=earlyretirement]We bought in nearby Santaluz and it’s not fun paying $5,500+ a year in Mello Roos taxes. .[/quote]
The entire 92127 zip code is high MR area, so I have confidence that the schools will be well supported by MR money, so the school will be better and better although they are new now. One fundenmental reason for good schools in 92130 is the high property tax and thus good funding to schools.
Wrt. $5,500 MR/year. Have you considered to pay it off? I guess the pre-payment amound is ~$60K. If you want to stay in the home for > 5 years, then it might be a wise decision.
Participant[quote=paranoid]Lin is before all an American. He was born in California.
Let’s listen to what Lin himself has to say about his identity:http://v.youku.com/v_show/id_XMzUwNTU4MTI4.html
Ocrenter, you will be very disappointed.[/quote]
YES, LIN said “I’m proud to be Chinese”. Actually we welcome ROC people claim both Chinese and Taiwanese identity. But if someone only claims Taiwanese identity, doesn’t it feel too odd? Because the passport they originally hold is “Republic of China” passport. Also the constitution of ROC still covers the mainland China.
Participant[quote=ocrenter][quote=4slive]
Thailand and Philippoines historicall had no much connection with China. Vietnam and Korea had very close connection, but they were not part of China. While the taiwan island not only ruled by Chinese government historically, but also ruled by Republic of China government until now. There is complex relationship between ROC and PRC, but no one can’t deny the commonality between them, CHINA. The people live in US can call themselves whatever they want. It doesn’t matter, nobody cares. We cares the taiwan island is ruled by Chinese government (ROC), the people should be called Chinese. This the bottom line Taiwanese people don’t dare to change at all. Face the fact, live with it.[/quote]In truth, Taiwan and China were only governed together under a Han Chinese government for 5 years, between 1945 to 1949. Then the PRC formed in China, creating an one China, one Taiwan reality.
Before that, the Manchu’s did rule over both China and Taiwan, but the Manchu’s also ruled over Mongolia, Korea, and huge parts of the Russian Far East.
Prior to the Manchu’s, Taiwan was occupied almost exclusively by malay tribes people.[/quote]
Manchu already merged into Chinese. Chinese is not only referred to HAN people. Manchu never ruled over Korea silimar case is Vietnam. For Mongolia, it’s offical pact to let it be independent by ROC government. If you can find such agreement to let Taiwan independent by either ROC or PRC government, then we won’t bother to argue this topic.
Participant[quote=ocrenter][quote=4slive][quote=briansd1]4slive makes a good point.
Why does the ROC calls itself the Republica of China, if in reality they just want to be called Taiwan?[/quote]
That’s the fact of politics. No one can take the risk to change the situation. Without changing the ROC naming, I can’t figure out any reason not to call ROC people as Chinese, which is not conflict with Taiwanese.
Back to 70s’, when ROC is the representative of China in UN, most of the ROC people like to call them as Chinese. Why things changed in just 30 years, it’s not ethical reason, and it’s just politics. Politics keeps changing while people can’t change their ethical stamp. With time goes, say in another 30 years, probably no surprise to see ROC people call them back as Chinese. I think it becomes a trend now.[/quote]
But back in the 70’s, people of Taiwan also cried and sobbed away when Dear Leader Chiang Kai Shek passed away. And when his passing coincided with a rainstorm, everyone believed the heaven was crying with them too.[/quote]
Not matter what people change their thinking. But as a nation, the tile “Republic of China” not changed and no one dare to change it in forseeable future.
Participant[quote=ocrenter][quote=briansd1]4slive makes a good point.
Why does the ROC calls itself the Republica of China, if in reality they just want to be called Taiwan?[/quote]
Because there are thousands of missiles pointed at Taiwan from China as well as threat of bloodbath from the People’s Liberation Army.
That’s all.[/quote]
Can you give the exact source of how many or just your illusion? Did any of those missiles ever fired to kill any people? As the world No.2 or No.3 power, China mainland has its right to deploy missile but I doubt anybody in Taiwan knows the exact purpose and number of them.
Participant[quote=briansd1]4slive makes a good point.
Why does the ROC calls itself the Republica of China, if in reality they just want to be called Taiwan?[/quote]
That’s the fact of politics. No one can take the risk to change the situation. Without changing the ROC naming, I can’t figure out any reason not to call ROC people as Chinese, which is not conflict with Taiwanese.
Back to 70s’, when ROC is the representative of China in UN, most of the ROC people like to call them as Chinese. Why things changed in just 30 years, it’s not ethical reason, and it’s just politics. Politics keeps changing while people can’t change their ethical stamp. With time goes, say in another 30 years, probably no surprise to see ROC people call them back as Chinese. I think it becomes a trend now.
Participant[quote=Dukehorn]The only way for those people to get rid of Chinese identity is to rename ROC to ROT, but who dares? Even Shuibian Chen can’t
That’s ridiculous, you think the Chinese diaspora to Thailand, Vietnam, Philippines etc are all calling themselves Chinese? I don’t meet anybody saying I’m a Filipino Chinese or a Thai Chinese. There are plenty of Taiwanese and Taiwanese Americans that do not consider themselves Chinese. Live with it.[/quote]
Thailand and Philippoines historicall had no much connection with China. Vietnam and Korea had very close connection, but they were not part of China. While the taiwan island not only ruled by Chinese government historically, but also ruled by Republic of China government until now. There is complex relationship between ROC and PRC, but no one can’t deny the commonality between them, CHINA. The people live in US can call themselves whatever they want. It doesn’t matter, nobody cares. We cares the taiwan island is ruled by Chinese government (ROC), the people should be called Chinese. This the bottom line Taiwanese people don’t dare to change at all. Face the fact, live with it.
Participant[quote=ocrenter][quote=paranoid]OCrenter: what facts are you looking at?
The facts I see are that all major countries in the world recognize Taiwan as an integral part of China; and most people around the world consider people from Taiwan as Chinese. You can choose how you call yourself, or how you want other poeple call you, but you cannot choose how other people call you. accept the facts. irrational emotion will only hurt your health.[/quote]most countries acknowledge Taiwan as part of China because of Chinese insistence. This is international politics based on China’s internal need to create a made up reality. Because of its size, it can force others to acknowledge that made up reality. that does not mean it is real.
The best example was when the ROC actually had world recognition as the government of China despite the fact that the PRC was the effective government of China. the ROC had a made up reality at that time as well. But that did not mean it was real. The real government of China was the PRC, despite what the US, the UN, and the pretenders in the ROC said.
Facts on the ground is ultimately what matters. And facts on the ground is the reality of two countries. One country being China, the other country being Taiwan. Logically, the people from Taiwan should be called Taiwanese. I really don’t see why this is so difficult.[/quote]
Some people from ROC always imagine there is a country called Taiwan, but the fact is NO. Only Republic of China, so the people from ROC is also called Chinese. They may call themselves as Taiwanese because the island called taiwan, but it’s not conflict with their Chinese identify.
The only way for those people to get rid of Chinese identity is to rename ROC to ROT, but who dares? Even Shuibian Chen can’t , can you?
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