[cvrentguy]

No doubt it is an egg on their face, but what is $2B these days when the word trillion is uttered without a second thought.

Funny how once gain, all the dominoes are being lined up right after the mutual fund and 401k money was sucked in on the first of the month. Wonder whether it’ll be time soon for the hedgies to visit disneyworld with kids or all this is just to elicit the pavlovian selling reaction, then buy low followed by next leg up.

Sell in May. Santa Claus Rally. What next ? Cinco De Mayo Buy-O-Buy-O ?
Its getting mind numbingly boring.

[cvrentguy]

Plan 1 Model Home at Carriage Run still shows as available for $799500 on Pardee’s move-in ready homes page. Did they not update if it is already sold for $760 K ?

http://www.pardeehomes.com/carmel-country-highlands/carriage-run/movein-ready/119

[cvrentguy]

To be more accurate you have to include the amount you have to cough up as
Income tax to Uncle Sam. In your example, if mortgage interest is $1000, then
Tax = 30% of (2600 – (1000 + 235 + 423)) = $500 and there goes the positive
ROI. Add to the mix, the percent time the property is vacant. Beyond that, I will
remain optimistic that our friends in DC would not put a pitchfork into mortgage
interest deduction for rental properties as part of tax code reform. One consolation would be the equity you build up over time thanks to your tenant.

[cvrentguy]

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[cvrentguy]

Obama’s proposing limiting mortgage deductions to 28% for families earning $250000 or more. For a home priced in the $800000’s with 30 yr fixed, 20% down at 5%, annual interest paid is around $30000 in the first yr and is lesser every year thereafter.A loss of 7% write-off on $30000 amounts to around $200 less savings every month. Seems very less to deter the high earners from making an emotional move such as home buying. Same goes with the capital gains exclusion. Hard to imagine anyone buying a home these days expecting a $250000 gain.

[cvrentguy]

Obama’s proposing limiting mortgage deductions to 28% for families earning $250000 or more. For a home priced in the $800000’s with 30 yr fixed, 20% down at 5%, annual interest paid is around $30000 in the first yr and is lesser every year thereafter.A loss of 7% write-off on $30000 amounts to around $200 less savings every month. Seems very less to deter the high earners from making an emotional move such as home buying. Same goes with the capital gains exclusion. Hard to imagine anyone buying a home these days expecting a $250000 gain.

[cvrentguy]

Obama’s proposing limiting mortgage deductions to 28% for families earning $250000 or more. For a home priced in the $800000’s with 30 yr fixed, 20% down at 5%, annual interest paid is around $30000 in the first yr and is lesser every year thereafter.A loss of 7% write-off on $30000 amounts to around $200 less savings every month. Seems very less to deter the high earners from making an emotional move such as home buying. Same goes with the capital gains exclusion. Hard to imagine anyone buying a home these days expecting a $250000 gain.

[cvrentguy]

Obama’s proposing limiting mortgage deductions to 28% for families earning $250000 or more. For a home priced in the $800000’s with 30 yr fixed, 20% down at 5%, annual interest paid is around $30000 in the first yr and is lesser every year thereafter.A loss of 7% write-off on $30000 amounts to around $200 less savings every month. Seems very less to deter the high earners from making an emotional move such as home buying. Same goes with the capital gains exclusion. Hard to imagine anyone buying a home these days expecting a $250000 gain.

[cvrentguy]

Obama’s proposing limiting mortgage deductions to 28% for families earning $250000 or more. For a home priced in the $800000’s with 30 yr fixed, 20% down at 5%, annual interest paid is around $30000 in the first yr and is lesser every year thereafter.A loss of 7% write-off on $30000 amounts to around $200 less savings every month. Seems very less to deter the high earners from making an emotional move such as home buying. Same goes with the capital gains exclusion. Hard to imagine anyone buying a home these days expecting a $250000 gain.

[cvrentguy]

Boundary maps seem to indicate the following for Pacific Highlands Ranch:

1.) Properties such as Soleil by Pardee homes located south of Del Mar Heights Road and west of Carmel Valley Rd fall under DMUSD (Sycamore Ridge Elementary)

2.) Those that are north of Del Mar Heights Road and west of Carmel Valley Rd such as Portico, Arabella and Santa Rosa by Pardee Homes fall under Solana Beach Elementary (Solana Highlands K-4 and Solana Pacific 5-6)

[cvrentguy]

Boundary maps seem to indicate the following for Pacific Highlands Ranch:

1.) Properties such as Soleil by Pardee homes located south of Del Mar Heights Road and west of Carmel Valley Rd fall under DMUSD (Sycamore Ridge Elementary)

2.) Those that are north of Del Mar Heights Road and west of Carmel Valley Rd such as Portico, Arabella and Santa Rosa by Pardee Homes fall under Solana Beach Elementary (Solana Highlands K-4 and Solana Pacific 5-6)

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