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DWCAP
Participant[quote=AN]
If you can afford to pass down a few hundred grand to your heirs, why wouldn’t you pass down a house instead, especially if you’re in CA. Just the prop 13 alone is enough reason to give your kids house(s) instead of cash.[/quote]My parents did this. They bought many properties in Santa Barbara back in the day, with two houses (side by side) for their sons. My brother bought his in 2001, just before the market went on a tear.
Problem is, the house isnt huge, and two growing girls take up alot of it. (Not supprisingly the biggest problem they face in a house full of girls is that there isnt enough closet space.) But he is kinda stuck because he inherited my dads property tax. It is STUPID low. It wouldnt cash flow, would cause rifts in the family if sold, and is so damn cheap that moving makes almost no economic sense. He is litterally stuck. (it doesnt help that he is underwater on a condo he bought as a rental. It is sucking up his extra $$)So maybe $$$ is a better option, as it would let people make personal decisions that better fit their situtation.
ParticipantSeems the bls will take the brain power for you.
ParticipantSeems the bls will take the brain power for you.
ParticipantSeems the bls will take the brain power for you.
ParticipantSeems the bls will take the brain power for you.
ParticipantSeems the bls will take the brain power for you.
May 20, 2010 at 8:06 PM in reply to: National Housing Article – Lowest Mortgage Demand in 13 yrs. #552542Participant[quote=sdduuuude]Probably not going to hit us until the California deal goes bye-bye.[/quote]
I wonder how long that will take. Really, 100million (each catagory) isnt that much when you consider how many houses sell regularly here in CA. I have to believe that the vast majority of this money will be gone by July 1. Does anyone know how they are doing so far?
May 20, 2010 at 8:06 PM in reply to: National Housing Article – Lowest Mortgage Demand in 13 yrs. #552648Participant[quote=sdduuuude]Probably not going to hit us until the California deal goes bye-bye.[/quote]
I wonder how long that will take. Really, 100million (each catagory) isnt that much when you consider how many houses sell regularly here in CA. I have to believe that the vast majority of this money will be gone by July 1. Does anyone know how they are doing so far?
May 20, 2010 at 8:06 PM in reply to: National Housing Article – Lowest Mortgage Demand in 13 yrs. #553136Participant[quote=sdduuuude]Probably not going to hit us until the California deal goes bye-bye.[/quote]
I wonder how long that will take. Really, 100million (each catagory) isnt that much when you consider how many houses sell regularly here in CA. I have to believe that the vast majority of this money will be gone by July 1. Does anyone know how they are doing so far?
May 20, 2010 at 8:06 PM in reply to: National Housing Article – Lowest Mortgage Demand in 13 yrs. #553235Participant[quote=sdduuuude]Probably not going to hit us until the California deal goes bye-bye.[/quote]
I wonder how long that will take. Really, 100million (each catagory) isnt that much when you consider how many houses sell regularly here in CA. I have to believe that the vast majority of this money will be gone by July 1. Does anyone know how they are doing so far?
May 20, 2010 at 8:06 PM in reply to: National Housing Article – Lowest Mortgage Demand in 13 yrs. #553512Participant[quote=sdduuuude]Probably not going to hit us until the California deal goes bye-bye.[/quote]
I wonder how long that will take. Really, 100million (each catagory) isnt that much when you consider how many houses sell regularly here in CA. I have to believe that the vast majority of this money will be gone by July 1. Does anyone know how they are doing so far?
ParticipantGreat post poorgradstudent,
I never really ascribed to the whole lifestyle as class thing. Too many people living far above/below their incomes ‘class’ to ever make much sense. One big variable that is just too hard to measure with ‘lifestyle classes’ is retirment. US savings rates are terrible, and will lead to more and more people unable to retire until very late in life if ever. Working till you drop is something that I would not equate with being upper middle class to wealthy. Problem is you dont see it like you do people buying $500 purses or Golf clubs.
ParticipantGreat post poorgradstudent,
I never really ascribed to the whole lifestyle as class thing. Too many people living far above/below their incomes ‘class’ to ever make much sense. One big variable that is just too hard to measure with ‘lifestyle classes’ is retirment. US savings rates are terrible, and will lead to more and more people unable to retire until very late in life if ever. Working till you drop is something that I would not equate with being upper middle class to wealthy. Problem is you dont see it like you do people buying $500 purses or Golf clubs.
ParticipantGreat post poorgradstudent,
I never really ascribed to the whole lifestyle as class thing. Too many people living far above/below their incomes ‘class’ to ever make much sense. One big variable that is just too hard to measure with ‘lifestyle classes’ is retirment. US savings rates are terrible, and will lead to more and more people unable to retire until very late in life if ever. Working till you drop is something that I would not equate with being upper middle class to wealthy. Problem is you dont see it like you do people buying $500 purses or Golf clubs.
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