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(former)FormerSanDiegan
ParticipantIs that $12,000 all your retirement savings ?
Imagine yourself nearing retirement.
In 25 or 30 years, that could be ~ 50K (assuming reasonable, not excessive returns).Wouldn’t you rather have those funds for maybe a few months of food and property tax, so that you can remain in the home you are currently paying PMI on.
On the other hand, if you are in a position where you could eliminate PMI by using these funds to pay down principal, that could work, assuming that you pay yorself back by funding an IRA for the next couple opf years.
Of course, you will be taxed at your income tax rate plus a 10% pentaly, so you might only end up with $9K or so to spend (if you are in a marginal 15% tax bracket)
ParticipantPoint Mugu is in ventura County, about 300 miles from Monterey.
ParticipantPoint Mugu is in ventura County, about 300 miles from Monterey.
ParticipantPoint Mugu is in ventura County, about 300 miles from Monterey.
ParticipantPoint Mugu is in ventura County, about 300 miles from Monterey.
ParticipantPoint Mugu is in ventura County, about 300 miles from Monterey.
Participant[quote=desmond][quote=FormerSanDiegan]Right now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.[/quote]
“We see something close to stability at these much-reduced home prices in the medium to lower part of the housing market.”
— Warren Buffett, May 2, 2009, at the Berkshire Hathaway[/quote]I am not sure if you agree with me, agree with Warren, agree with both, or agree with neither. Please elaborate.
Participant[quote=desmond][quote=FormerSanDiegan]Right now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.[/quote]
“We see something close to stability at these much-reduced home prices in the medium to lower part of the housing market.”
— Warren Buffett, May 2, 2009, at the Berkshire Hathaway[/quote]I am not sure if you agree with me, agree with Warren, agree with both, or agree with neither. Please elaborate.
Participant[quote=desmond][quote=FormerSanDiegan]Right now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.[/quote]
“We see something close to stability at these much-reduced home prices in the medium to lower part of the housing market.”
— Warren Buffett, May 2, 2009, at the Berkshire Hathaway[/quote]I am not sure if you agree with me, agree with Warren, agree with both, or agree with neither. Please elaborate.
Participant[quote=desmond][quote=FormerSanDiegan]Right now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.[/quote]
“We see something close to stability at these much-reduced home prices in the medium to lower part of the housing market.”
— Warren Buffett, May 2, 2009, at the Berkshire Hathaway[/quote]I am not sure if you agree with me, agree with Warren, agree with both, or agree with neither. Please elaborate.
Participant[quote=desmond][quote=FormerSanDiegan]Right now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.[/quote]
“We see something close to stability at these much-reduced home prices in the medium to lower part of the housing market.”
— Warren Buffett, May 2, 2009, at the Berkshire Hathaway[/quote]I am not sure if you agree with me, agree with Warren, agree with both, or agree with neither. Please elaborate.
ParticipantRight now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.
ParticipantRight now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.
ParticipantRight now, late Spring 2011 could be among the best times to buy (in many parts of San Diego) considering the combination of price, interest rates, and rental trends for something to hold long-term. The potential downside risk is conderably less than any other time in the past 15 years, in my opinion.
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