[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]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![/quote]
Wow, that’s pretty cheap rent for 3100+ sq-ft house. $775 tax was based on assessed value of $633k.

$918/month can’t even get you a 1/1 in decent area of San Diego. So, why do you think $918 is too much? How much do you think is reasonable?

[an]

[quote=CA renter]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![/quote]
Wow, that’s pretty cheap rent for 3100+ sq-ft house. $775 tax was based on assessed value of $633k.

$918/month can’t even get you a 1/1 in decent area of San Diego. So, why do you think $918 is too much? How much do you think is reasonable?

[an]

[quote=CA renter]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![/quote]
Wow, that’s pretty cheap rent for 3100+ sq-ft house. $775 tax was based on assessed value of $633k.

$918/month can’t even get you a 1/1 in decent area of San Diego. So, why do you think $918 is too much? How much do you think is reasonable?

[an]

[quote=CA renter]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![/quote]
Wow, that’s pretty cheap rent for 3100+ sq-ft house. $775 tax was based on assessed value of $633k.

$918/month can’t even get you a 1/1 in decent area of San Diego. So, why do you think $918 is too much? How much do you think is reasonable?

[an]

[quote=CA renter]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![/quote]
Wow, that’s pretty cheap rent for 3100+ sq-ft house. $775 tax was based on assessed value of $633k.

$918/month can’t even get you a 1/1 in decent area of San Diego. So, why do you think $918 is too much? How much do you think is reasonable?

[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?

[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]Yes, and it will be interesting to see how that works out for Chinese labor in the long run. Of course, once a sufficient number of Americans are completely tapped out (almost there), I think China is going to implode.[/quote]
IF that does happen, I think more than China will implode. It might be a global financial implosion.

[an]

[quote=CA renter]Yes, and it will be interesting to see how that works out for Chinese labor in the long run. Of course, once a sufficient number of Americans are completely tapped out (almost there), I think China is going to implode.[/quote]
IF that does happen, I think more than China will implode. It might be a global financial implosion.

[an]

[quote=CA renter]Yes, and it will be interesting to see how that works out for Chinese labor in the long run. Of course, once a sufficient number of Americans are completely tapped out (almost there), I think China is going to implode.[/quote]
IF that does happen, I think more than China will implode. It might be a global financial implosion.

[Author]

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