Forum Replies Created
-
AuthorPosts
-
February 19, 2010 at 11:08 AM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #515758February 19, 2010 at 11:08 AM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #516005
(former)FormerSanDiegan
Participant[quote=pemeliza]$1500 is a TON of money to be paying for rent these days.[/quote]
It depends on what you are talking about…
For a SFR in a good school district it is not a ton.
For a 2 BR apartment in Normal Heights, well maybe it is.
ParticipantMortgage calculators are too simple to factor taxes in because it can be drastically different and complicated. For it to be accurate it would have to account for deduction phase outs, AMT rules and many other factors. It’s too complicated to boil down to a simple formula for all people, even though in your case it might be quite simple.
As for figuring it out for your paprticular circumstances. I would definitiely figure out the tax impacts in my analysis of what I could afford. Do not make too many assumptions or use rules of thumb. You wouldn’t make a monthly budget without considering how much you take home versus gross income. Same thing with budgeting for a house.
ParticipantMortgage calculators are too simple to factor taxes in because it can be drastically different and complicated. For it to be accurate it would have to account for deduction phase outs, AMT rules and many other factors. It’s too complicated to boil down to a simple formula for all people, even though in your case it might be quite simple.
As for figuring it out for your paprticular circumstances. I would definitiely figure out the tax impacts in my analysis of what I could afford. Do not make too many assumptions or use rules of thumb. You wouldn’t make a monthly budget without considering how much you take home versus gross income. Same thing with budgeting for a house.
ParticipantMortgage calculators are too simple to factor taxes in because it can be drastically different and complicated. For it to be accurate it would have to account for deduction phase outs, AMT rules and many other factors. It’s too complicated to boil down to a simple formula for all people, even though in your case it might be quite simple.
As for figuring it out for your paprticular circumstances. I would definitiely figure out the tax impacts in my analysis of what I could afford. Do not make too many assumptions or use rules of thumb. You wouldn’t make a monthly budget without considering how much you take home versus gross income. Same thing with budgeting for a house.
ParticipantMortgage calculators are too simple to factor taxes in because it can be drastically different and complicated. For it to be accurate it would have to account for deduction phase outs, AMT rules and many other factors. It’s too complicated to boil down to a simple formula for all people, even though in your case it might be quite simple.
As for figuring it out for your paprticular circumstances. I would definitiely figure out the tax impacts in my analysis of what I could afford. Do not make too many assumptions or use rules of thumb. You wouldn’t make a monthly budget without considering how much you take home versus gross income. Same thing with budgeting for a house.
ParticipantMortgage calculators are too simple to factor taxes in because it can be drastically different and complicated. For it to be accurate it would have to account for deduction phase outs, AMT rules and many other factors. It’s too complicated to boil down to a simple formula for all people, even though in your case it might be quite simple.
As for figuring it out for your paprticular circumstances. I would definitiely figure out the tax impacts in my analysis of what I could afford. Do not make too many assumptions or use rules of thumb. You wouldn’t make a monthly budget without considering how much you take home versus gross income. Same thing with budgeting for a house.
ParticipantThis has to be the first clearly advertising thread where the original poster didn’t get slammed or heckled universally from Piggs.
Man, how things have changed. Affordability will do that, I guess.
ParticipantThis has to be the first clearly advertising thread where the original poster didn’t get slammed or heckled universally from Piggs.
Man, how things have changed. Affordability will do that, I guess.
ParticipantThis has to be the first clearly advertising thread where the original poster didn’t get slammed or heckled universally from Piggs.
Man, how things have changed. Affordability will do that, I guess.
ParticipantThis has to be the first clearly advertising thread where the original poster didn’t get slammed or heckled universally from Piggs.
Man, how things have changed. Affordability will do that, I guess.
ParticipantThis has to be the first clearly advertising thread where the original poster didn’t get slammed or heckled universally from Piggs.
Man, how things have changed. Affordability will do that, I guess.
February 19, 2010 at 8:03 AM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #514907Participant[quote=temeculaguy]
I got a phone call this weekend from a friend asking my opinion if he should buy his $1500 a month rental from his landlord for 160k, I told him “absolutely, do it yesterday.” I didn’t ask if he was going to rent it out in the future, what he thought about hyperinflation, unemployment, or any other marcoeconomic issues. Simple questions is all that is needed, will it cost the same or less than rent?
[/quote]Hey TG – If your friend gets cold feet let me know !!
Where is this ?I wanna know where I can get 1500 on a 160K purchase.
That’s more than double the rate you can get in Central SD (e.g. low end parts of Clairemont… 1700 rent 350-400K house)
February 19, 2010 at 8:03 AM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #515051Participant[quote=temeculaguy]
I got a phone call this weekend from a friend asking my opinion if he should buy his $1500 a month rental from his landlord for 160k, I told him “absolutely, do it yesterday.” I didn’t ask if he was going to rent it out in the future, what he thought about hyperinflation, unemployment, or any other marcoeconomic issues. Simple questions is all that is needed, will it cost the same or less than rent?
[/quote]Hey TG – If your friend gets cold feet let me know !!
Where is this ?I wanna know where I can get 1500 on a 160K purchase.
That’s more than double the rate you can get in Central SD (e.g. low end parts of Clairemont… 1700 rent 350-400K house)
February 19, 2010 at 8:03 AM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #515558Participant[quote=temeculaguy]
I got a phone call this weekend from a friend asking my opinion if he should buy his $1500 a month rental from his landlord for 160k, I told him “absolutely, do it yesterday.” I didn’t ask if he was going to rent it out in the future, what he thought about hyperinflation, unemployment, or any other marcoeconomic issues. Simple questions is all that is needed, will it cost the same or less than rent?
[/quote]Hey TG – If your friend gets cold feet let me know !!
Where is this ?I wanna know where I can get 1500 on a 160K purchase.
That’s more than double the rate you can get in Central SD (e.g. low end parts of Clairemont… 1700 rent 350-400K house)
-
AuthorPosts
