[HomeShopping]

To IT.MOM

Thanks for your response.

FormerSanDiegan’s comment “above the Jumbo conforming limit … does not seem feasible” is referring to loans above $697,500. Maybe these are called “non-conforming jumbo”.

[HomeShopping]

To IT.MOM

Thanks for your response.

FormerSanDiegan’s comment “above the Jumbo conforming limit … does not seem feasible” is referring to loans above $697,500. Maybe these are called “non-conforming jumbo”.

[HomeShopping]

To IT.MOM

Thanks for your response.

FormerSanDiegan’s comment “above the Jumbo conforming limit … does not seem feasible” is referring to loans above $697,500. Maybe these are called “non-conforming jumbo”.

[HomeShopping]

To IT.MOM

Do you mind sharing your total closing costs?

[HomeShopping]

To IT.MOM

Do you mind sharing your total closing costs?

[HomeShopping]

To IT.MOM

Do you mind sharing your total closing costs?

[HomeShopping]

To IT.MOM

Do you mind sharing your total closing costs?

[HomeShopping]

To IT.MOM

Do you mind sharing your total closing costs?

[HomeShopping]

Hmmm … with 10 million in the bank, why not just buy outright and not have a mortgage. I actually don’t think that the mortgage interest deduction is worth it. You’re still paying the bank interest. Seems to me that you only come out ahead if the money you were going to use on the mortgage generates more income than the interest you pay (factoring in the tax break). Looking at the investment options available today, that seems like a dicey proposition. Plus, there is the possibility that the mortgage interest deduction will be eliminated.

Income from $6.3 mil should cover about $200K in expenses per year. So $10 mil should be enough to buy a $3.7 mil house.

For me, if I really liked the house, $5 mil in cash would be enough for me to buy. Income from employment would cover living expenses. There would still be a $1.3 mil cushion. That’s a heck of a lot more than the majority of Americans have as a cushion (even accounting for the increased expenses of maintaining a $3.7 mil house). Anyway, this is all hypothetical for me. Just curious what everyone else thinks.

[HomeShopping]

Hmmm … with 10 million in the bank, why not just buy outright and not have a mortgage. I actually don’t think that the mortgage interest deduction is worth it. You’re still paying the bank interest. Seems to me that you only come out ahead if the money you were going to use on the mortgage generates more income than the interest you pay (factoring in the tax break). Looking at the investment options available today, that seems like a dicey proposition. Plus, there is the possibility that the mortgage interest deduction will be eliminated.

Income from $6.3 mil should cover about $200K in expenses per year. So $10 mil should be enough to buy a $3.7 mil house.

For me, if I really liked the house, $5 mil in cash would be enough for me to buy. Income from employment would cover living expenses. There would still be a $1.3 mil cushion. That’s a heck of a lot more than the majority of Americans have as a cushion (even accounting for the increased expenses of maintaining a $3.7 mil house). Anyway, this is all hypothetical for me. Just curious what everyone else thinks.

[HomeShopping]

Hmmm … with 10 million in the bank, why not just buy outright and not have a mortgage. I actually don’t think that the mortgage interest deduction is worth it. You’re still paying the bank interest. Seems to me that you only come out ahead if the money you were going to use on the mortgage generates more income than the interest you pay (factoring in the tax break). Looking at the investment options available today, that seems like a dicey proposition. Plus, there is the possibility that the mortgage interest deduction will be eliminated.

Income from $6.3 mil should cover about $200K in expenses per year. So $10 mil should be enough to buy a $3.7 mil house.

For me, if I really liked the house, $5 mil in cash would be enough for me to buy. Income from employment would cover living expenses. There would still be a $1.3 mil cushion. That’s a heck of a lot more than the majority of Americans have as a cushion (even accounting for the increased expenses of maintaining a $3.7 mil house). Anyway, this is all hypothetical for me. Just curious what everyone else thinks.

[HomeShopping]

Hmmm … with 10 million in the bank, why not just buy outright and not have a mortgage. I actually don’t think that the mortgage interest deduction is worth it. You’re still paying the bank interest. Seems to me that you only come out ahead if the money you were going to use on the mortgage generates more income than the interest you pay (factoring in the tax break). Looking at the investment options available today, that seems like a dicey proposition. Plus, there is the possibility that the mortgage interest deduction will be eliminated.

Income from $6.3 mil should cover about $200K in expenses per year. So $10 mil should be enough to buy a $3.7 mil house.

For me, if I really liked the house, $5 mil in cash would be enough for me to buy. Income from employment would cover living expenses. There would still be a $1.3 mil cushion. That’s a heck of a lot more than the majority of Americans have as a cushion (even accounting for the increased expenses of maintaining a $3.7 mil house). Anyway, this is all hypothetical for me. Just curious what everyone else thinks.

[HomeShopping]

Hmmm … with 10 million in the bank, why not just buy outright and not have a mortgage. I actually don’t think that the mortgage interest deduction is worth it. You’re still paying the bank interest. Seems to me that you only come out ahead if the money you were going to use on the mortgage generates more income than the interest you pay (factoring in the tax break). Looking at the investment options available today, that seems like a dicey proposition. Plus, there is the possibility that the mortgage interest deduction will be eliminated.

Income from $6.3 mil should cover about $200K in expenses per year. So $10 mil should be enough to buy a $3.7 mil house.

For me, if I really liked the house, $5 mil in cash would be enough for me to buy. Income from employment would cover living expenses. There would still be a $1.3 mil cushion. That’s a heck of a lot more than the majority of Americans have as a cushion (even accounting for the increased expenses of maintaining a $3.7 mil house). Anyway, this is all hypothetical for me. Just curious what everyone else thinks.

[HomeShopping]

I think you might be referring to the show “Addicted to Beauty.” I know the producers like to show scenes in La Jolla, but the spa is actually located off El Camino Real in Carmel Valley (92130 zip code).

FYI, I heard that many in the cast in the show are actors and not real spa employees. If you haven’t seen it, don’t bother. One of the worst of its kind.

[HomeShopping]

I think you might be referring to the show “Addicted to Beauty.” I know the producers like to show scenes in La Jolla, but the spa is actually located off El Camino Real in Carmel Valley (92130 zip code).

FYI, I heard that many in the cast in the show are actors and not real spa employees. If you haven’t seen it, don’t bother. One of the worst of its kind.

[Author]

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