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(former)FormerSanDiegan
ParticipantNow is a great time to be dollar cost averaging into the market. Many stocks are at P/E ratios not seen since Peter Lynch’s hey-day.
However, I am definitely not amping up my stock allocation or going “all in” or even in large chunks. Too many things can still go wrong to do that.
I don’t know if the stock market will pick up in 2009, 2010 or 2011, but I am betting that 10 years from now it will be largely higher than today.
ParticipantHave you considered downtown. That is a place you can surely live without a car 90% of the time or more. I don’t know if the prices will get to the same point, but maybe you’ll be able to get a 1400 sf condo downtown for the price of a 2500 sf house in Temecula at some point.
The big negative though is the HOA’s which will at least track inflation over the bext 30-40 year of your “semi” retirement.
I would at least consider it an option.ParticipantHave you considered downtown. That is a place you can surely live without a car 90% of the time or more. I don’t know if the prices will get to the same point, but maybe you’ll be able to get a 1400 sf condo downtown for the price of a 2500 sf house in Temecula at some point.
The big negative though is the HOA’s which will at least track inflation over the bext 30-40 year of your “semi” retirement.
I would at least consider it an option.ParticipantHave you considered downtown. That is a place you can surely live without a car 90% of the time or more. I don’t know if the prices will get to the same point, but maybe you’ll be able to get a 1400 sf condo downtown for the price of a 2500 sf house in Temecula at some point.
The big negative though is the HOA’s which will at least track inflation over the bext 30-40 year of your “semi” retirement.
I would at least consider it an option.ParticipantHave you considered downtown. That is a place you can surely live without a car 90% of the time or more. I don’t know if the prices will get to the same point, but maybe you’ll be able to get a 1400 sf condo downtown for the price of a 2500 sf house in Temecula at some point.
The big negative though is the HOA’s which will at least track inflation over the bext 30-40 year of your “semi” retirement.
I would at least consider it an option.ParticipantHave you considered downtown. That is a place you can surely live without a car 90% of the time or more. I don’t know if the prices will get to the same point, but maybe you’ll be able to get a 1400 sf condo downtown for the price of a 2500 sf house in Temecula at some point.
The big negative though is the HOA’s which will at least track inflation over the bext 30-40 year of your “semi” retirement.
I would at least consider it an option.Participant[quote=sdrealtor]FWIW, I heard there is a good chance the conforming limit in San Diego could be back at 697K in about 60 days.[/quote]
sdr – It seems that I heard this rumor as well. Is this being put in under the new stimulus package or some other mechanism ?
Participant[quote=sdrealtor]FWIW, I heard there is a good chance the conforming limit in San Diego could be back at 697K in about 60 days.[/quote]
sdr – It seems that I heard this rumor as well. Is this being put in under the new stimulus package or some other mechanism ?
Participant[quote=sdrealtor]FWIW, I heard there is a good chance the conforming limit in San Diego could be back at 697K in about 60 days.[/quote]
sdr – It seems that I heard this rumor as well. Is this being put in under the new stimulus package or some other mechanism ?
Participant[quote=sdrealtor]FWIW, I heard there is a good chance the conforming limit in San Diego could be back at 697K in about 60 days.[/quote]
sdr – It seems that I heard this rumor as well. Is this being put in under the new stimulus package or some other mechanism ?
Participant[quote=sdrealtor]FWIW, I heard there is a good chance the conforming limit in San Diego could be back at 697K in about 60 days.[/quote]
sdr – It seems that I heard this rumor as well. Is this being put in under the new stimulus package or some other mechanism ?
Participant[quote=clairemontian]Appreciate the responses. Given our loan amount, a conservative rent value, hoa fees, prop management companyvfee, and taxes, we would come out ahead about $50 a month.
[/quote]
Your $50 will likely get eaten by repairs. (I have a 2 BR rental house I’ve owned 7 years and we have averaged about $1200 per year in repairs, new appliances, etc)
Also, in your analysis, how did you account for the principal portion of your payment ?
If you have $50 after taxes, including principal portion of payment as part of the expenses, then you are in good shape renting it out. You’ll essentially lock in future cash flow (I’m in the camp that anticipates inflation kicking in within the next 3 years) for reasonably minor out-of-pocket expenses.Also, I would contact the listing agent for the short sale unit about potentially selling your unit and using them. They might give you the scoop on how much the short-sale unit will go for.
If you can rent it out and get the cash flow you describe, then I suspect you can sell it and still walk away with some cash. If not, I would sharpen your pencil on your analysis. Why not put it on the market and see ? Then rent it out if it doesn’t sell.
Participant[quote=clairemontian]Appreciate the responses. Given our loan amount, a conservative rent value, hoa fees, prop management companyvfee, and taxes, we would come out ahead about $50 a month.
[/quote]
Your $50 will likely get eaten by repairs. (I have a 2 BR rental house I’ve owned 7 years and we have averaged about $1200 per year in repairs, new appliances, etc)
Also, in your analysis, how did you account for the principal portion of your payment ?
If you have $50 after taxes, including principal portion of payment as part of the expenses, then you are in good shape renting it out. You’ll essentially lock in future cash flow (I’m in the camp that anticipates inflation kicking in within the next 3 years) for reasonably minor out-of-pocket expenses.Also, I would contact the listing agent for the short sale unit about potentially selling your unit and using them. They might give you the scoop on how much the short-sale unit will go for.
If you can rent it out and get the cash flow you describe, then I suspect you can sell it and still walk away with some cash. If not, I would sharpen your pencil on your analysis. Why not put it on the market and see ? Then rent it out if it doesn’t sell.
Participant[quote=clairemontian]Appreciate the responses. Given our loan amount, a conservative rent value, hoa fees, prop management companyvfee, and taxes, we would come out ahead about $50 a month.
[/quote]
Your $50 will likely get eaten by repairs. (I have a 2 BR rental house I’ve owned 7 years and we have averaged about $1200 per year in repairs, new appliances, etc)
Also, in your analysis, how did you account for the principal portion of your payment ?
If you have $50 after taxes, including principal portion of payment as part of the expenses, then you are in good shape renting it out. You’ll essentially lock in future cash flow (I’m in the camp that anticipates inflation kicking in within the next 3 years) for reasonably minor out-of-pocket expenses.Also, I would contact the listing agent for the short sale unit about potentially selling your unit and using them. They might give you the scoop on how much the short-sale unit will go for.
If you can rent it out and get the cash flow you describe, then I suspect you can sell it and still walk away with some cash. If not, I would sharpen your pencil on your analysis. Why not put it on the market and see ? Then rent it out if it doesn’t sell.
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