[hmc]

It does make sense to pay off primary home mortgage under new tax system.

[hmc]

If your home approaches 500k appreciation, it may make sense to sell it for tax exclusion reasons.

[hmc]

I may miss something, isn’t mortgage interest for up to 750k is (income) tax deductable?

AMT kills property tax deduction but not mortgage interest deduction unless it’s changed in new tax reform?

[hmc]

Do not leave SD. Job is secondary.

[hmc]

Include yard maintenance fee in the rent and hire a gardener. You may include (flat) water fee in the rent also.

Explain this to the tenants. This is what I am doing.

[hmc]

That’s why we need diversification.

[hmc]

There are a lot of choices other than Temecula, within driving distance. Arizona is not known for earthquakes and even San Diego is much safer than Temecula, in terms of earthquake, for example.

[hmc]

I guess I didn’t get my message across.

We are talking about real estate here. I think most people don’t put all eggs in real estate (I am not talking about this kind of diversification). I never meant earthquake is the only risk people have to face. Risks like car accidents are under different context, comparing them with earthquake is like comparing apple and orange).

My point is that I would diversify locations for investment homes, for both income and appreciation.

[hmc]

[quote=squat250]i think Nomos brand watches will be worth 30% more in 10 years. diversify.
some objects may hold value. but what?[/quote]

I am not getting your point.

[hmc]

It’s always risk/reward thing. I chose to diversify.

[hmc]

Temecula is on the earthquake fault.

I bought one small home there but I have no interest buying more.

[hmc]

Yes. I like that feature too.

[hmc]

Yes. I like that feature too.

[hmc]

Yes. I like that feature too.

[hmc]

Yes. I like that feature too.

[Author]

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