[EconProf]

2 1/2% cash back? WOW!

[EconProf]

2 1/2% cash back? WOW!

[EconProf]

2 1/2% cash back? WOW!

[EconProf]

2 1/2% cash back? WOW!

[EconProf]

Thinking outside the box, you could move in yourself & refinance out of that awful loan into an owner-occupied new loan…then move out.
Dissecting your 1200/mo PITI, if your insurance is $50/mo, taxes under Proposition 13 about $150, your new loan at 5% (you might do better) is around $800 per month, you could then get a $400/mo cash flow and keep the tax benefits, hoping for a rebound in prices.
Or, you could sell it before the end of the year. Cap gains taxes will hurt less now than when they go up to 20% federal from 15% now, or 39% if the Bush tax cuts are not extended. Since you’ve depreciated each year, cap gains taxes are a factor, and don’t forget California’s cap gains run about 60% of the Fed’s cap gain tax hit.

[EconProf]

Thinking outside the box, you could move in yourself & refinance out of that awful loan into an owner-occupied new loan…then move out.
Dissecting your 1200/mo PITI, if your insurance is $50/mo, taxes under Proposition 13 about $150, your new loan at 5% (you might do better) is around $800 per month, you could then get a $400/mo cash flow and keep the tax benefits, hoping for a rebound in prices.
Or, you could sell it before the end of the year. Cap gains taxes will hurt less now than when they go up to 20% federal from 15% now, or 39% if the Bush tax cuts are not extended. Since you’ve depreciated each year, cap gains taxes are a factor, and don’t forget California’s cap gains run about 60% of the Fed’s cap gain tax hit.

[EconProf]

Thinking outside the box, you could move in yourself & refinance out of that awful loan into an owner-occupied new loan…then move out.
Dissecting your 1200/mo PITI, if your insurance is $50/mo, taxes under Proposition 13 about $150, your new loan at 5% (you might do better) is around $800 per month, you could then get a $400/mo cash flow and keep the tax benefits, hoping for a rebound in prices.
Or, you could sell it before the end of the year. Cap gains taxes will hurt less now than when they go up to 20% federal from 15% now, or 39% if the Bush tax cuts are not extended. Since you’ve depreciated each year, cap gains taxes are a factor, and don’t forget California’s cap gains run about 60% of the Fed’s cap gain tax hit.

[EconProf]

Thinking outside the box, you could move in yourself & refinance out of that awful loan into an owner-occupied new loan…then move out.
Dissecting your 1200/mo PITI, if your insurance is $50/mo, taxes under Proposition 13 about $150, your new loan at 5% (you might do better) is around $800 per month, you could then get a $400/mo cash flow and keep the tax benefits, hoping for a rebound in prices.
Or, you could sell it before the end of the year. Cap gains taxes will hurt less now than when they go up to 20% federal from 15% now, or 39% if the Bush tax cuts are not extended. Since you’ve depreciated each year, cap gains taxes are a factor, and don’t forget California’s cap gains run about 60% of the Fed’s cap gain tax hit.

[EconProf]

Thinking outside the box, you could move in yourself & refinance out of that awful loan into an owner-occupied new loan…then move out.
Dissecting your 1200/mo PITI, if your insurance is $50/mo, taxes under Proposition 13 about $150, your new loan at 5% (you might do better) is around $800 per month, you could then get a $400/mo cash flow and keep the tax benefits, hoping for a rebound in prices.
Or, you could sell it before the end of the year. Cap gains taxes will hurt less now than when they go up to 20% federal from 15% now, or 39% if the Bush tax cuts are not extended. Since you’ve depreciated each year, cap gains taxes are a factor, and don’t forget California’s cap gains run about 60% of the Fed’s cap gain tax hit.

[EconProf]

For all our complaining of taxes, San Diego is a low-tax and more business-friendly city than California’s other big cities. Might be a result of our more conservative politics, although our current city council’s pro-union tilt challenges that assumption.
We do have remarkably fewer police and fire personnel relative to our population than the other cities, and still have a far lower crime rate. This suggests our people are really efficient, or there is a lot of waste going on in the other cities.

[EconProf]

For all our complaining of taxes, San Diego is a low-tax and more business-friendly city than California’s other big cities. Might be a result of our more conservative politics, although our current city council’s pro-union tilt challenges that assumption.
We do have remarkably fewer police and fire personnel relative to our population than the other cities, and still have a far lower crime rate. This suggests our people are really efficient, or there is a lot of waste going on in the other cities.

[EconProf]

For all our complaining of taxes, San Diego is a low-tax and more business-friendly city than California’s other big cities. Might be a result of our more conservative politics, although our current city council’s pro-union tilt challenges that assumption.
We do have remarkably fewer police and fire personnel relative to our population than the other cities, and still have a far lower crime rate. This suggests our people are really efficient, or there is a lot of waste going on in the other cities.

[EconProf]

For all our complaining of taxes, San Diego is a low-tax and more business-friendly city than California’s other big cities. Might be a result of our more conservative politics, although our current city council’s pro-union tilt challenges that assumption.
We do have remarkably fewer police and fire personnel relative to our population than the other cities, and still have a far lower crime rate. This suggests our people are really efficient, or there is a lot of waste going on in the other cities.

[EconProf]

For all our complaining of taxes, San Diego is a low-tax and more business-friendly city than California’s other big cities. Might be a result of our more conservative politics, although our current city council’s pro-union tilt challenges that assumption.
We do have remarkably fewer police and fire personnel relative to our population than the other cities, and still have a far lower crime rate. This suggests our people are really efficient, or there is a lot of waste going on in the other cities.

[EconProf]

Hey guys, it is now 6:00 a.m. Monday and I still can’t get on-line to my Chase account. This has been going on since last Tuesday, they announced late last week the system was fixed, sent me an apologetic email Saturday, but now, they are STILL down.
This is a big deal for people who need to move money around on-line to pay for checks they’ve written or do other banking on-line. Chase will have to void a lot of overdraft charges. Chase always encourages us to go on-line and now they can’t perform the most basic services. Time to short Chase stock.

[Author]

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