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February 7, 2014 at 10:22 PM in reply to: advice needed: sell the house now, or rent it out? #770663
cantab
ParticipantThanks to everyone for all the suggestions! To clarify one point, the current mortgage is a standard 5yr ARM, that is amortized over 30 years and fixed initially for 5 years.
The fixed period expires 3.5 years from now, a little after the window for selling the house tax-free, assuming we move out of it. I think I’d rather keep the benefit of the 2.125% annual rate rather than have the hassle of refinancing now. If we do decide not to return to SD, we probably don’t want the hassle of managing a property long-term.
I’m tending now towards selling the house. Some reasons:
– less total hassle
– prices have run up a lot in the last year and competitive current listings seem high-priced and rare to me
– if we sell now, we can stage the house and it will look good; after tenants, it may look much more worn
– if we do return to SD, we may want to be in a different school district.
But we haven’t made a decision yet.ParticipantIs this an example of excessive government spending on buildings? $78,000 per room to renovate a building that is only 23 years old.
From http://www.navy.mil/submit/display.asp?story_id=68399:
“$8.8 million … to renovate a bachelor enlisted quarters (BEQ) at Marine Corps Base Camp Pendleton.
“BEQ 41371 is a three-story motel style barracks that was constructed in 1989,” said Dan Tokatlian, NAVFAC Southwest project manager for the renovation. “It has 132 rooms and houses 396 Marines. The building does not meet many current codes, and it is not energy efficient.”
The project will include the installation of a roof mounted 50kW photovoltaic system. An unexercised option and one planned modification in the task order could lead to a total award of $10.37 million. The planned modification will include furniture, fixtures, and equipment.”
For anyone who wants details, see http://www.adgcinc.com/MACC0019/RFP.pdf
[img_assist|nid=16475|title=Building 41404|desc=|link=node|align=left|width=100|height=75]
ParticipantEthnicity is not the only factor strongly correlated with scores. Parental education and income are significant also. The schools publish some data on that.
The tests themselves have problems. As one poster pointed out, the schools drill the kids for the tests. Additionally, it definitely happens, even (especially?) in the best schools, that a teacher will say to little Johnny “Did you really mean to fill in that bubble? Can you think again about it?”
Some kids genuinely get a perfect score on every test and subset. So the tests do not provide information at the high end.
Two of the schools mentioned, La Jolla Elementary and Hawthorne, have seminar classes. They take some of the smartest kids from other schools mentioned, like Torrey Pines and Curie, so averages are distorted.
But then it happens that teachers or schools don’t want to lose their best students, so they give kids the message that the test for seminar eligibility is not important.
At higher grade levels, pupils know that test scores are important to the teachers and schools, but not to their own futures. So some deliberately score badly to get back at teachers.
ParticipantEthnicity is not the only factor strongly correlated with scores. Parental education and income are significant also. The schools publish some data on that.
The tests themselves have problems. As one poster pointed out, the schools drill the kids for the tests. Additionally, it definitely happens, even (especially?) in the best schools, that a teacher will say to little Johnny “Did you really mean to fill in that bubble? Can you think again about it?”
Some kids genuinely get a perfect score on every test and subset. So the tests do not provide information at the high end.
Two of the schools mentioned, La Jolla Elementary and Hawthorne, have seminar classes. They take some of the smartest kids from other schools mentioned, like Torrey Pines and Curie, so averages are distorted.
But then it happens that teachers or schools don’t want to lose their best students, so they give kids the message that the test for seminar eligibility is not important.
At higher grade levels, pupils know that test scores are important to the teachers and schools, but not to their own futures. So some deliberately score badly to get back at teachers.
ParticipantEthnicity is not the only factor strongly correlated with scores. Parental education and income are significant also. The schools publish some data on that.
The tests themselves have problems. As one poster pointed out, the schools drill the kids for the tests. Additionally, it definitely happens, even (especially?) in the best schools, that a teacher will say to little Johnny “Did you really mean to fill in that bubble? Can you think again about it?”
Some kids genuinely get a perfect score on every test and subset. So the tests do not provide information at the high end.
Two of the schools mentioned, La Jolla Elementary and Hawthorne, have seminar classes. They take some of the smartest kids from other schools mentioned, like Torrey Pines and Curie, so averages are distorted.
But then it happens that teachers or schools don’t want to lose their best students, so they give kids the message that the test for seminar eligibility is not important.
At higher grade levels, pupils know that test scores are important to the teachers and schools, but not to their own futures. So some deliberately score badly to get back at teachers.
ParticipantEthnicity is not the only factor strongly correlated with scores. Parental education and income are significant also. The schools publish some data on that.
The tests themselves have problems. As one poster pointed out, the schools drill the kids for the tests. Additionally, it definitely happens, even (especially?) in the best schools, that a teacher will say to little Johnny “Did you really mean to fill in that bubble? Can you think again about it?”
Some kids genuinely get a perfect score on every test and subset. So the tests do not provide information at the high end.
Two of the schools mentioned, La Jolla Elementary and Hawthorne, have seminar classes. They take some of the smartest kids from other schools mentioned, like Torrey Pines and Curie, so averages are distorted.
But then it happens that teachers or schools don’t want to lose their best students, so they give kids the message that the test for seminar eligibility is not important.
At higher grade levels, pupils know that test scores are important to the teachers and schools, but not to their own futures. So some deliberately score badly to get back at teachers.
ParticipantThanks for the feedback. I haven’t heard any hint of building defects or litigation. How can one find out for sure? What should I look for when reviewing the HOA documentation supplied by the listing agent?
It’s just a conjecture that the complex is cash-only, because lenders have minimum owner-occupied percentages, etc. What is the best way to find out? How/when do lenders come back to being willing to finance in a complex where they are not willing?
One recent sale in the complex was on the courthouse steps (now remodeled and on the MLS as a regular listing), another was at a very low price after the listing expired, and the unit I’m looking at is advertised as cash only, short sale, bank wants to close in ten days.
The complex has been turning over from older residents to younger people, I think a lot of them renters. At least one unit is advertised on a weekly basis on vrbo.com. I know the HOA is trying to stop that, but I don’t know with how much energy or success.
When I asked an HOA officer if the complex was cash only, she would only say that I’d have to ask lenders.
ParticipantThanks for the feedback. I haven’t heard any hint of building defects or litigation. How can one find out for sure? What should I look for when reviewing the HOA documentation supplied by the listing agent?
It’s just a conjecture that the complex is cash-only, because lenders have minimum owner-occupied percentages, etc. What is the best way to find out? How/when do lenders come back to being willing to finance in a complex where they are not willing?
One recent sale in the complex was on the courthouse steps (now remodeled and on the MLS as a regular listing), another was at a very low price after the listing expired, and the unit I’m looking at is advertised as cash only, short sale, bank wants to close in ten days.
The complex has been turning over from older residents to younger people, I think a lot of them renters. At least one unit is advertised on a weekly basis on vrbo.com. I know the HOA is trying to stop that, but I don’t know with how much energy or success.
When I asked an HOA officer if the complex was cash only, she would only say that I’d have to ask lenders.
ParticipantThanks for the feedback. I haven’t heard any hint of building defects or litigation. How can one find out for sure? What should I look for when reviewing the HOA documentation supplied by the listing agent?
It’s just a conjecture that the complex is cash-only, because lenders have minimum owner-occupied percentages, etc. What is the best way to find out? How/when do lenders come back to being willing to finance in a complex where they are not willing?
One recent sale in the complex was on the courthouse steps (now remodeled and on the MLS as a regular listing), another was at a very low price after the listing expired, and the unit I’m looking at is advertised as cash only, short sale, bank wants to close in ten days.
The complex has been turning over from older residents to younger people, I think a lot of them renters. At least one unit is advertised on a weekly basis on vrbo.com. I know the HOA is trying to stop that, but I don’t know with how much energy or success.
When I asked an HOA officer if the complex was cash only, she would only say that I’d have to ask lenders.
ParticipantThanks for the feedback. I haven’t heard any hint of building defects or litigation. How can one find out for sure? What should I look for when reviewing the HOA documentation supplied by the listing agent?
It’s just a conjecture that the complex is cash-only, because lenders have minimum owner-occupied percentages, etc. What is the best way to find out? How/when do lenders come back to being willing to finance in a complex where they are not willing?
One recent sale in the complex was on the courthouse steps (now remodeled and on the MLS as a regular listing), another was at a very low price after the listing expired, and the unit I’m looking at is advertised as cash only, short sale, bank wants to close in ten days.
The complex has been turning over from older residents to younger people, I think a lot of them renters. At least one unit is advertised on a weekly basis on vrbo.com. I know the HOA is trying to stop that, but I don’t know with how much energy or success.
When I asked an HOA officer if the complex was cash only, she would only say that I’d have to ask lenders.
ParticipantThanks for the feedback. I haven’t heard any hint of building defects or litigation. How can one find out for sure? What should I look for when reviewing the HOA documentation supplied by the listing agent?
It’s just a conjecture that the complex is cash-only, because lenders have minimum owner-occupied percentages, etc. What is the best way to find out? How/when do lenders come back to being willing to finance in a complex where they are not willing?
One recent sale in the complex was on the courthouse steps (now remodeled and on the MLS as a regular listing), another was at a very low price after the listing expired, and the unit I’m looking at is advertised as cash only, short sale, bank wants to close in ten days.
The complex has been turning over from older residents to younger people, I think a lot of them renters. At least one unit is advertised on a weekly basis on vrbo.com. I know the HOA is trying to stop that, but I don’t know with how much energy or success.
When I asked an HOA officer if the complex was cash only, she would only say that I’d have to ask lenders.
ParticipantThe basic thing to know about termites in San Diego is that most termites are the flying kind. They are easy to eradicate and not a major worry.
Some houses have subterranean termites. They can survive tenting and can make a house unsalable.
ParticipantThe basic thing to know about termites in San Diego is that most termites are the flying kind. They are easy to eradicate and not a major worry.
Some houses have subterranean termites. They can survive tenting and can make a house unsalable.
ParticipantThe basic thing to know about termites in San Diego is that most termites are the flying kind. They are easy to eradicate and not a major worry.
Some houses have subterranean termites. They can survive tenting and can make a house unsalable.
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