[EconProf]

Property tax rates are limited to 1% of assessed value as per Proposition 13, passed in 1978.
However, local jurisdictions can vote to impose on themselves additional levies for bonded debt–schools, sewers, roads, etc. This bumps the effective rate up to 1.1% or 1.15% or so, depending on the locality.
An effort is underway statewide to eliminate the 1% rule as Prop 13 allegedly “hamstrings” politicians’ ability to tax and spend in CA.

[EconProf]

Property tax rates are limited to 1% of assessed value as per Proposition 13, passed in 1978.
However, local jurisdictions can vote to impose on themselves additional levies for bonded debt–schools, sewers, roads, etc. This bumps the effective rate up to 1.1% or 1.15% or so, depending on the locality.
An effort is underway statewide to eliminate the 1% rule as Prop 13 allegedly “hamstrings” politicians’ ability to tax and spend in CA.

[EconProf]

Property tax rates are limited to 1% of assessed value as per Proposition 13, passed in 1978.
However, local jurisdictions can vote to impose on themselves additional levies for bonded debt–schools, sewers, roads, etc. This bumps the effective rate up to 1.1% or 1.15% or so, depending on the locality.
An effort is underway statewide to eliminate the 1% rule as Prop 13 allegedly “hamstrings” politicians’ ability to tax and spend in CA.

[EconProf]

Property tax rates are limited to 1% of assessed value as per Proposition 13, passed in 1978.
However, local jurisdictions can vote to impose on themselves additional levies for bonded debt–schools, sewers, roads, etc. This bumps the effective rate up to 1.1% or 1.15% or so, depending on the locality.
An effort is underway statewide to eliminate the 1% rule as Prop 13 allegedly “hamstrings” politicians’ ability to tax and spend in CA.

[EconProf]

We’ve just seen the value of Piggington in action.
Actionable information.
Thanks, Rich.

[EconProf]

We’ve just seen the value of Piggington in action.
Actionable information.
Thanks, Rich.

[EconProf]

We’ve just seen the value of Piggington in action.
Actionable information.
Thanks, Rich.

[EconProf]

We’ve just seen the value of Piggington in action.
Actionable information.
Thanks, Rich.

[EconProf]

We’ve just seen the value of Piggington in action.
Actionable information.
Thanks, Rich.

[EconProf]

HOA looks steep for that value of condo, but I’m sure you are correct.
Are you sure you can get a 5% loan as a non-owner occupier?
You sensibly plugged in $150/mo for maint, which also presumably includes vacancy allowance.
All in all, depends on your personal/tax situation, plus whether we are at a bottom in prices or not.
To paraphrase Mark Twain, commenting on investing in stocks:
“The way to make money is to buy when the price is low, wait for it to go up, then sell it.”
“If it doesn’t go up, don’t buy it.”

[EconProf]

HOA looks steep for that value of condo, but I’m sure you are correct.
Are you sure you can get a 5% loan as a non-owner occupier?
You sensibly plugged in $150/mo for maint, which also presumably includes vacancy allowance.
All in all, depends on your personal/tax situation, plus whether we are at a bottom in prices or not.
To paraphrase Mark Twain, commenting on investing in stocks:
“The way to make money is to buy when the price is low, wait for it to go up, then sell it.”
“If it doesn’t go up, don’t buy it.”

[EconProf]

HOA looks steep for that value of condo, but I’m sure you are correct.
Are you sure you can get a 5% loan as a non-owner occupier?
You sensibly plugged in $150/mo for maint, which also presumably includes vacancy allowance.
All in all, depends on your personal/tax situation, plus whether we are at a bottom in prices or not.
To paraphrase Mark Twain, commenting on investing in stocks:
“The way to make money is to buy when the price is low, wait for it to go up, then sell it.”
“If it doesn’t go up, don’t buy it.”

[EconProf]

HOA looks steep for that value of condo, but I’m sure you are correct.
Are you sure you can get a 5% loan as a non-owner occupier?
You sensibly plugged in $150/mo for maint, which also presumably includes vacancy allowance.
All in all, depends on your personal/tax situation, plus whether we are at a bottom in prices or not.
To paraphrase Mark Twain, commenting on investing in stocks:
“The way to make money is to buy when the price is low, wait for it to go up, then sell it.”
“If it doesn’t go up, don’t buy it.”

[EconProf]

HOA looks steep for that value of condo, but I’m sure you are correct.
Are you sure you can get a 5% loan as a non-owner occupier?
You sensibly plugged in $150/mo for maint, which also presumably includes vacancy allowance.
All in all, depends on your personal/tax situation, plus whether we are at a bottom in prices or not.
To paraphrase Mark Twain, commenting on investing in stocks:
“The way to make money is to buy when the price is low, wait for it to go up, then sell it.”
“If it doesn’t go up, don’t buy it.”

[EconProf]

Shiela Jackson has been favoring the unions in her actions on the San Diego School Board against the welfare of the students in her voting and policy stands. She is bought and paid for by the teachers’ union.

[Author]

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