[bearishgurl]

[quote=GH]….If and I am approved for insurance, make the legal assumption the insurer has run ALL needed background investigations and concluded I am qualified for their plan, rather than having them deny my claim later after finding out I tried a cigarette in High School…[/quote]

GH, this is the way individuals bought medical insurance for themselves before “Obamacare.” The pricing of the premiums was ALSO based largely upon the individual’s prior health-care usage, reasons for that prior usage and their daily habits, past habits, current weight and a barrage of medical tests before deciding to underwrite.

Now, under “Obamacare,” even fit and well individuals are charged “extra” in their monthly premium to “even out” premiums for high-usage policyholders in their age groups who formerly were “uninsurable” due to pre-existing conditions. A large percentage of those “pre-existing conditions” were directly caused by the behavior of the (formerly uninsurable) individual.

There is a point where a monthly health premium becomes exorbitant, even for a high-usage person. My understanding is that beginning in 2014, these high monthly premiums (> $1,000 month for one individual) will be regulated under Obamacare …. that is, the insurance companies will be regulated as to how much they can charge for premiums for different categories of high-usage individuals. This will only serve to raise EVERY policyholder’s monthly premiums in a particular age group even MORE.

The insurance companies aren’t going to lose money so the money to pay for the “high users” medical bills has to come from somewhere.

[bearishgurl]

[quote=GH]….If and I am approved for insurance, make the legal assumption the insurer has run ALL needed background investigations and concluded I am qualified for their plan, rather than having them deny my claim later after finding out I tried a cigarette in High School…[/quote]

GH, this is the way individuals bought medical insurance for themselves before “Obamacare.” The pricing of the premiums was ALSO based largely upon the individual’s prior health-care usage, reasons for that prior usage and their daily habits, past habits, current weight and a barrage of medical tests before deciding to underwrite.

Now, under “Obamacare,” even fit and well individuals are charged “extra” in their monthly premium to “even out” premiums for high-usage policyholders in their age groups who formerly were “uninsurable” due to pre-existing conditions. A large percentage of those “pre-existing conditions” were directly caused by the behavior of the (formerly uninsurable) individual.

There is a point where a monthly health premium becomes exorbitant, even for a high-usage person. My understanding is that beginning in 2014, these high monthly premiums (> $1,000 month for one individual) will be regulated under Obamacare …. that is, the insurance companies will be regulated as to how much they can charge for premiums for different categories of high-usage individuals. This will only serve to raise EVERY policyholder’s monthly premiums in a particular age group even MORE.

The insurance companies aren’t going to lose money so the money to pay for the “high users” medical bills has to come from somewhere.

[bearishgurl]

[quote=GH]….If and I am approved for insurance, make the legal assumption the insurer has run ALL needed background investigations and concluded I am qualified for their plan, rather than having them deny my claim later after finding out I tried a cigarette in High School…[/quote]

GH, this is the way individuals bought medical insurance for themselves before “Obamacare.” The pricing of the premiums was ALSO based largely upon the individual’s prior health-care usage, reasons for that prior usage and their daily habits, past habits, current weight and a barrage of medical tests before deciding to underwrite.

Now, under “Obamacare,” even fit and well individuals are charged “extra” in their monthly premium to “even out” premiums for high-usage policyholders in their age groups who formerly were “uninsurable” due to pre-existing conditions. A large percentage of those “pre-existing conditions” were directly caused by the behavior of the (formerly uninsurable) individual.

There is a point where a monthly health premium becomes exorbitant, even for a high-usage person. My understanding is that beginning in 2014, these high monthly premiums (> $1,000 month for one individual) will be regulated under Obamacare …. that is, the insurance companies will be regulated as to how much they can charge for premiums for different categories of high-usage individuals. This will only serve to raise EVERY policyholder’s monthly premiums in a particular age group even MORE.

The insurance companies aren’t going to lose money so the money to pay for the “high users” medical bills has to come from somewhere.

[bearishgurl]

I would not consider 91910 a “C” area (as ctr70 was discussing above). I would consider it an “A” or “B” area, depending on type of house and location.

[bearishgurl]

I would not consider 91910 a “C” area (as ctr70 was discussing above). I would consider it an “A” or “B” area, depending on type of house and location.

[bearishgurl]

I would not consider 91910 a “C” area (as ctr70 was discussing above). I would consider it an “A” or “B” area, depending on type of house and location.

[bearishgurl]

I would not consider 91910 a “C” area (as ctr70 was discussing above). I would consider it an “A” or “B” area, depending on type of house and location.

[bearishgurl]

I would not consider 91910 a “C” area (as ctr70 was discussing above). I would consider it an “A” or “B” area, depending on type of house and location.

[bearishgurl]

[quote=sdsurfer]Is this in San Diego? I guess I live a pretty sheltered life up in North County.[/quote]

Yes, but it was more than twenty years ago that I sold. SD does not have these same problems today due to community policing policies. North County is/was not immune from property and other crimes. Some pockets of the entire county have more crime than others. Open and notorious drug sales and prostitution in SD County are way down from 20 years ago, though.

I am really not averse to owning rental property at all. If I had the $$, I wouldn’t mind purchasing a nice mid-century rental house for about $265K within walking distance from me (near dtn Chula Vista) and manage it myself. For what you get (excellent pier and post construction and “oversize lot”), these properties are now priced very reasonably, IMO. The type of families these houses attract are local and very stable with many family ties in the immediate area. However, I would prefer to pay all cash and just use the rental income to supplement my retirement income.

My old rental(s) were five minutes from 32nd Street Naval Station. These small communities of SD have been significantly cleaned up since then.

[bearishgurl]

[quote=sdsurfer]Is this in San Diego? I guess I live a pretty sheltered life up in North County.[/quote]

Yes, but it was more than twenty years ago that I sold. SD does not have these same problems today due to community policing policies. North County is/was not immune from property and other crimes. Some pockets of the entire county have more crime than others. Open and notorious drug sales and prostitution in SD County are way down from 20 years ago, though.

I am really not averse to owning rental property at all. If I had the $$, I wouldn’t mind purchasing a nice mid-century rental house for about $265K within walking distance from me (near dtn Chula Vista) and manage it myself. For what you get (excellent pier and post construction and “oversize lot”), these properties are now priced very reasonably, IMO. The type of families these houses attract are local and very stable with many family ties in the immediate area. However, I would prefer to pay all cash and just use the rental income to supplement my retirement income.

My old rental(s) were five minutes from 32nd Street Naval Station. These small communities of SD have been significantly cleaned up since then.

[bearishgurl]

[quote=sdsurfer]Is this in San Diego? I guess I live a pretty sheltered life up in North County.[/quote]

Yes, but it was more than twenty years ago that I sold. SD does not have these same problems today due to community policing policies. North County is/was not immune from property and other crimes. Some pockets of the entire county have more crime than others. Open and notorious drug sales and prostitution in SD County are way down from 20 years ago, though.

I am really not averse to owning rental property at all. If I had the $$, I wouldn’t mind purchasing a nice mid-century rental house for about $265K within walking distance from me (near dtn Chula Vista) and manage it myself. For what you get (excellent pier and post construction and “oversize lot”), these properties are now priced very reasonably, IMO. The type of families these houses attract are local and very stable with many family ties in the immediate area. However, I would prefer to pay all cash and just use the rental income to supplement my retirement income.

My old rental(s) were five minutes from 32nd Street Naval Station. These small communities of SD have been significantly cleaned up since then.

[bearishgurl]

[quote=sdsurfer]Is this in San Diego? I guess I live a pretty sheltered life up in North County.[/quote]

Yes, but it was more than twenty years ago that I sold. SD does not have these same problems today due to community policing policies. North County is/was not immune from property and other crimes. Some pockets of the entire county have more crime than others. Open and notorious drug sales and prostitution in SD County are way down from 20 years ago, though.

I am really not averse to owning rental property at all. If I had the $$, I wouldn’t mind purchasing a nice mid-century rental house for about $265K within walking distance from me (near dtn Chula Vista) and manage it myself. For what you get (excellent pier and post construction and “oversize lot”), these properties are now priced very reasonably, IMO. The type of families these houses attract are local and very stable with many family ties in the immediate area. However, I would prefer to pay all cash and just use the rental income to supplement my retirement income.

My old rental(s) were five minutes from 32nd Street Naval Station. These small communities of SD have been significantly cleaned up since then.

[bearishgurl]

[quote=sdsurfer]Is this in San Diego? I guess I live a pretty sheltered life up in North County.[/quote]

Yes, but it was more than twenty years ago that I sold. SD does not have these same problems today due to community policing policies. North County is/was not immune from property and other crimes. Some pockets of the entire county have more crime than others. Open and notorious drug sales and prostitution in SD County are way down from 20 years ago, though.

I am really not averse to owning rental property at all. If I had the $$, I wouldn’t mind purchasing a nice mid-century rental house for about $265K within walking distance from me (near dtn Chula Vista) and manage it myself. For what you get (excellent pier and post construction and “oversize lot”), these properties are now priced very reasonably, IMO. The type of families these houses attract are local and very stable with many family ties in the immediate area. However, I would prefer to pay all cash and just use the rental income to supplement my retirement income.

My old rental(s) were five minutes from 32nd Street Naval Station. These small communities of SD have been significantly cleaned up since then.

[bearishgurl]

[quote=ctr70]I wouldn’t buy anything to “break-even”. Why would you buy an investment to “break-even” and “hope” for appreciation with all the work and risk it takes to own rental property? Even if it does appreciate, to “realize” that appreciation and sell you pay a ton of taxes and costs anyway leaving you with 60 cents on the dollar of that appreciation. Yes you could 1031X and defer taxes, but that often happens at market peaks and you buy into another inflated property and you are forced to rush (I have heard of more horror stories of investors doing 1031X vs. just selling and paying the tax and depreciation recapture.) If you put 20% down & get a loan shoot for making $300+ per month TRUE positive cash flow after mortgage + taxes + insurance + vacancy + repairs + credit loss, etc…[/quote]

ctr70, I only “broke even” in 9 years time because the area I purchased in, during the pendency of my ownership, became a haven for the PCP trade, in both cigarette and “grass” form. The area wasn’t this way when we purchased. SDPD “Community Policing” program eventually cleaned this up and all the local phone booths were ripped out as well. There was also a (later) intermittent problem with pimping and prostitution in the immediate area. This was cleaned up significantly (after we sold) by the SDPD Vice Squad.

One of my tenants moved out in the middle of the night due to being broken into. This caused us to not only repair the door jamb but install wrought iron on the door and all the windows.

Under normal circumstances, during this time period, rental properties should have escalated in value.

Moral of this story: Never buy property across the street from a large “vacant lot.” This is a “breeding ground” for societal ills.

[bearishgurl]

[quote=ctr70]I wouldn’t buy anything to “break-even”. Why would you buy an investment to “break-even” and “hope” for appreciation with all the work and risk it takes to own rental property? Even if it does appreciate, to “realize” that appreciation and sell you pay a ton of taxes and costs anyway leaving you with 60 cents on the dollar of that appreciation. Yes you could 1031X and defer taxes, but that often happens at market peaks and you buy into another inflated property and you are forced to rush (I have heard of more horror stories of investors doing 1031X vs. just selling and paying the tax and depreciation recapture.) If you put 20% down & get a loan shoot for making $300+ per month TRUE positive cash flow after mortgage + taxes + insurance + vacancy + repairs + credit loss, etc…[/quote]

ctr70, I only “broke even” in 9 years time because the area I purchased in, during the pendency of my ownership, became a haven for the PCP trade, in both cigarette and “grass” form. The area wasn’t this way when we purchased. SDPD “Community Policing” program eventually cleaned this up and all the local phone booths were ripped out as well. There was also a (later) intermittent problem with pimping and prostitution in the immediate area. This was cleaned up significantly (after we sold) by the SDPD Vice Squad.

One of my tenants moved out in the middle of the night due to being broken into. This caused us to not only repair the door jamb but install wrought iron on the door and all the windows.

Under normal circumstances, during this time period, rental properties should have escalated in value.

Moral of this story: Never buy property across the street from a large “vacant lot.” This is a “breeding ground” for societal ills.

[Author]

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