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CoronitaParticipantYou are making me nervous! I'm in Derby Hill for the long haul but I hate to think that my housing value has gone down in the short time I've been there.
Did the house on Harvest Run close? I couldn't find a closing price yet. The comp on Amberglades sold overnight for $1.125 and it didn't have much going for it at all.
Derby Hill is substantially newer than Belmont and Lexington and I think that's a big factor. I also disagree with the postings that the small garage on the Plan 1 don't fit a car. Granted it doesn't fit a big car but I am able to use it as well as the neighbors around me.
I doubt it would fit most sedan's mid-size, or any 2 door couple that requires decent side room. I sort of measured it with a short tape measure while I was looking at lot 90 last weekend. This eliminates camry,passat,a4,a6,s4,s5,m3. Guess you could probably squeeze in a 911…Humm….("Honey, only a 911 will fit in the workshop") Again, works great as a workshop, but I need a third car garage if I were to move.
Regarding belmont, there's also this one.
http://sandiego.houserebate.com/search/homeview.asp?id=1675117&p3=-1&ix=187
The previous one that NewRenter posted was very interesting. I never thought I'd see something 3400sqft in a relatively good location go for $1million this soon.
What is interesting for me is that Pardee isn't lowering prices on DH for now homes. But the way I look at it, someone that bought in 06 probably have about 0.75% lower mortgage rate than someone that buys now. For that reason, anyone buying now really is paying a lot more than 06.
The other thing I remind myself, as a home buyer from 2004…Unless you paid cash for the home, you aren't going come close to breaking even after interest payments, tax, etc in the coming years, even if you are able to sell the home at the same price you paid. So there's not point in thinking about my primary in terms of a "home value" or "investment". For example, we bought in a home in 2004 for $860k. We added about $20k in repairs/updates. Interest on mortgage and prop tax comes out to be about $30k/year. So if we were to hypothetically sell this year, breaking even is at least a list price of $970k, and doesn't include seller commision etc. No way in hell someone is going to buy our home at this price. Also there's no way in hell that this property can be converted in to a rental without paying off more equity and restructuring the existing mortgage….Using the current mortgage, we would need to subsidize renters $1500/month to break even each month. Uh, no thank you.
Why am I bringing this up? If you bought over the past 3 years, this waa to be expected. It's not going to be an "investment". Of course I'm not addressing the non-financial aspects of owning your primary, which is important too. That said, I like my home and don't really care what happens moving forward. (I just wish I had a three car garage).
CoronitaParticipantFLU
To each his own.
If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.
SD Native,
Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.
My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….
CoronitaParticipantFLU
To each his own.
If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.
SD Native,
Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.
My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….
CoronitaParticipantFLU
To each his own.
If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.
SD Native,
Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.
My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….
CoronitaParticipantFLU
To each his own.
If you like tract homes, great. We don't.
Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.
SD Native,
Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.
My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….
November 13, 2007 at 7:38 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #98967CoronitaParticipantcooprider14,
Wall street is back to being consistently directionless. Whew!
November 13, 2007 at 7:38 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #99026CoronitaParticipantcooprider14,
Wall street is back to being consistently directionless. Whew!
November 13, 2007 at 7:38 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #99043CoronitaParticipantcooprider14,
Wall street is back to being consistently directionless. Whew!
November 13, 2007 at 7:38 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #99048CoronitaParticipantcooprider14,
Wall street is back to being consistently directionless. Whew!
November 13, 2007 at 7:36 AM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #98963CoronitaParticipantDTCing all me and my wife's stock from stock options, espp shares, private investments, etc into other brokerage accounts
FLU – Can you please explain this in some detail. I too may like to do this.
Simple.
1) I transferred (or in the process of transfering) all stock electronically to other brokerage firms I have. There are two types of transfer. One is called a DTC, the other is called an ACAT. On typically is charged using one or the other. Typically DTC is free, ACAT isn't. DTC is a request from the "FROM" brokerage and pushed to the "TO brokerage". As far as cash, I have a bank checking account linked to etrade, so I wired all cash held in money markets out to the savings.
2) I'm trying to get the other brokerage firm (schwab and ameritrade) to register the stock in my name. I believe brokerage firms usually don't register in your name, but street name. However, this might not happen.
3) #2 doesn't work, I'm going to ask my brokerage to send me the actually stock certificates for stock that I plan on holding for a long time.
4) There's nothing you can really do about stock options. Typically your company only designates 1 stock option administrator. But, it's not really an issue because the stock options aren't worth anything until you exercise, and the company you work for should have records of that.
5)ESPP shares are similar to normal stock, except for a handful of anal companies…. you can't move the shares out unless you terminate the company.. You can sell the shares and move money out, but not physically move the shares). The reason being is when you sell espp shares (ie shares purchased with an employee stock purchase plan which gave you a discount off the purchase price), part of the profits needs to be reported on W-2 as income and part is short or long term gains. To simplify paperwork, some companies put restrictions require you to trade in the designated brokerage firm so that the brokerage firm can adequetely report back to the company when you sell those shares so that your company can properly send you a w2. However, most companies don't do this..They basically let you do whatever you want, and you are responsible for reporting ESPP sold shares appropriately as income and/or cap gains. Last time i checked, companies like Qualcomm, Yahoo, Symantec don't have this issue. W2 reporting for ESPP transactions is all your responsibility, so there aren't restrictions on DTC or ACAT transfers.
6) Some stock are restricted stock (particular if you just ipoed or private equity stock). For that, call etrade for details. Fortunately, I found out that life restricted stock at Schwab and not etrade so I don't have that issue (yet).
November 13, 2007 at 7:36 AM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #99022CoronitaParticipantDTCing all me and my wife's stock from stock options, espp shares, private investments, etc into other brokerage accounts
FLU – Can you please explain this in some detail. I too may like to do this.
Simple.
1) I transferred (or in the process of transfering) all stock electronically to other brokerage firms I have. There are two types of transfer. One is called a DTC, the other is called an ACAT. On typically is charged using one or the other. Typically DTC is free, ACAT isn't. DTC is a request from the "FROM" brokerage and pushed to the "TO brokerage". As far as cash, I have a bank checking account linked to etrade, so I wired all cash held in money markets out to the savings.
2) I'm trying to get the other brokerage firm (schwab and ameritrade) to register the stock in my name. I believe brokerage firms usually don't register in your name, but street name. However, this might not happen.
3) #2 doesn't work, I'm going to ask my brokerage to send me the actually stock certificates for stock that I plan on holding for a long time.
4) There's nothing you can really do about stock options. Typically your company only designates 1 stock option administrator. But, it's not really an issue because the stock options aren't worth anything until you exercise, and the company you work for should have records of that.
5)ESPP shares are similar to normal stock, except for a handful of anal companies…. you can't move the shares out unless you terminate the company.. You can sell the shares and move money out, but not physically move the shares). The reason being is when you sell espp shares (ie shares purchased with an employee stock purchase plan which gave you a discount off the purchase price), part of the profits needs to be reported on W-2 as income and part is short or long term gains. To simplify paperwork, some companies put restrictions require you to trade in the designated brokerage firm so that the brokerage firm can adequetely report back to the company when you sell those shares so that your company can properly send you a w2. However, most companies don't do this..They basically let you do whatever you want, and you are responsible for reporting ESPP sold shares appropriately as income and/or cap gains. Last time i checked, companies like Qualcomm, Yahoo, Symantec don't have this issue. W2 reporting for ESPP transactions is all your responsibility, so there aren't restrictions on DTC or ACAT transfers.
6) Some stock are restricted stock (particular if you just ipoed or private equity stock). For that, call etrade for details. Fortunately, I found out that life restricted stock at Schwab and not etrade so I don't have that issue (yet).
November 13, 2007 at 7:36 AM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #99039CoronitaParticipantDTCing all me and my wife's stock from stock options, espp shares, private investments, etc into other brokerage accounts
FLU – Can you please explain this in some detail. I too may like to do this.
Simple.
1) I transferred (or in the process of transfering) all stock electronically to other brokerage firms I have. There are two types of transfer. One is called a DTC, the other is called an ACAT. On typically is charged using one or the other. Typically DTC is free, ACAT isn't. DTC is a request from the "FROM" brokerage and pushed to the "TO brokerage". As far as cash, I have a bank checking account linked to etrade, so I wired all cash held in money markets out to the savings.
2) I'm trying to get the other brokerage firm (schwab and ameritrade) to register the stock in my name. I believe brokerage firms usually don't register in your name, but street name. However, this might not happen.
3) #2 doesn't work, I'm going to ask my brokerage to send me the actually stock certificates for stock that I plan on holding for a long time.
4) There's nothing you can really do about stock options. Typically your company only designates 1 stock option administrator. But, it's not really an issue because the stock options aren't worth anything until you exercise, and the company you work for should have records of that.
5)ESPP shares are similar to normal stock, except for a handful of anal companies…. you can't move the shares out unless you terminate the company.. You can sell the shares and move money out, but not physically move the shares). The reason being is when you sell espp shares (ie shares purchased with an employee stock purchase plan which gave you a discount off the purchase price), part of the profits needs to be reported on W-2 as income and part is short or long term gains. To simplify paperwork, some companies put restrictions require you to trade in the designated brokerage firm so that the brokerage firm can adequetely report back to the company when you sell those shares so that your company can properly send you a w2. However, most companies don't do this..They basically let you do whatever you want, and you are responsible for reporting ESPP sold shares appropriately as income and/or cap gains. Last time i checked, companies like Qualcomm, Yahoo, Symantec don't have this issue. W2 reporting for ESPP transactions is all your responsibility, so there aren't restrictions on DTC or ACAT transfers.
6) Some stock are restricted stock (particular if you just ipoed or private equity stock). For that, call etrade for details. Fortunately, I found out that life restricted stock at Schwab and not etrade so I don't have that issue (yet).
November 13, 2007 at 7:36 AM in reply to: In case you missed it. Etrade lost 60% of it’s market cap today due to subprime. #99044CoronitaParticipantDTCing all me and my wife's stock from stock options, espp shares, private investments, etc into other brokerage accounts
FLU – Can you please explain this in some detail. I too may like to do this.
Simple.
1) I transferred (or in the process of transfering) all stock electronically to other brokerage firms I have. There are two types of transfer. One is called a DTC, the other is called an ACAT. On typically is charged using one or the other. Typically DTC is free, ACAT isn't. DTC is a request from the "FROM" brokerage and pushed to the "TO brokerage". As far as cash, I have a bank checking account linked to etrade, so I wired all cash held in money markets out to the savings.
2) I'm trying to get the other brokerage firm (schwab and ameritrade) to register the stock in my name. I believe brokerage firms usually don't register in your name, but street name. However, this might not happen.
3) #2 doesn't work, I'm going to ask my brokerage to send me the actually stock certificates for stock that I plan on holding for a long time.
4) There's nothing you can really do about stock options. Typically your company only designates 1 stock option administrator. But, it's not really an issue because the stock options aren't worth anything until you exercise, and the company you work for should have records of that.
5)ESPP shares are similar to normal stock, except for a handful of anal companies…. you can't move the shares out unless you terminate the company.. You can sell the shares and move money out, but not physically move the shares). The reason being is when you sell espp shares (ie shares purchased with an employee stock purchase plan which gave you a discount off the purchase price), part of the profits needs to be reported on W-2 as income and part is short or long term gains. To simplify paperwork, some companies put restrictions require you to trade in the designated brokerage firm so that the brokerage firm can adequetely report back to the company when you sell those shares so that your company can properly send you a w2. However, most companies don't do this..They basically let you do whatever you want, and you are responsible for reporting ESPP sold shares appropriately as income and/or cap gains. Last time i checked, companies like Qualcomm, Yahoo, Symantec don't have this issue. W2 reporting for ESPP transactions is all your responsibility, so there aren't restrictions on DTC or ACAT transfers.
6) Some stock are restricted stock (particular if you just ipoed or private equity stock). For that, call etrade for details. Fortunately, I found out that life restricted stock at Schwab and not etrade so I don't have that issue (yet).
CoronitaParticipantbsrsharma,
Regarding Drub thy neighbor…
ROTFLAO. That was pretty funny.
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