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John F
ParticipantThey need to get all their docs together and show them to a lawyer. He/she will almost surely give them better advice than anybody on this message board.
It’s worth the $600 or whatever it may cost.
ParticipantThey need to get all their docs together and show them to a lawyer. He/she will almost surely give them better advice than anybody on this message board.
It’s worth the $600 or whatever it may cost.
ParticipantThey need to get all their docs together and show them to a lawyer. He/she will almost surely give them better advice than anybody on this message board.
It’s worth the $600 or whatever it may cost.
ParticipantThey need to get all their docs together and show them to a lawyer. He/she will almost surely give them better advice than anybody on this message board.
It’s worth the $600 or whatever it may cost.
ParticipantAre you sure that the price of wine has gone up? I don’t know for sure but a bottle of Charles Shaw was $1.99 a few years ago and I think it’s still $1.99. Admittedly I haven’t checked for awhile.
I can tell you that a 40 oz. Old English has gone up in the past few years; you used to be able to get one on occasion for 99 cents but now you’re looking at $1.69 minimum and that’s if you look.
In any event, inflation is real and it’s more than 2%.
ParticipantYes:
I bought a condo in Poway for $111k in 1990 and the county reassessed it down in increments to a low of $85k in 1996. I didn’t even have to ask but obviously it’s better to be proactive and request it yourself.
However, the Prop 13 basis does not adjust downward and the assessment was “recaptured” with a 2% annual increase using the 1990 purchase price as the basis not the 1996 low.
Go for it if you can.
ParticipantThere’s a lot that sucks about living in San Diego including traffic and the cost of living. However, a positive aspect is the multi-culturism. Although it’s not Fargo, ND these areas (Carmel Valley, Encinitas) are homogenous by SoCal standards and you lose the benefit of interacting with people from different ethnic and socioeconomic backgrounds.
There are nice parts of San Diego (RP for example), Escondido, and Chula Vista that have nice neighborhoods, good schools, and are culturally diverse. They’re typically cheaper too.
Ultimately however, my number one suggestion reverts to the first sentence; live as close to work as possible to minimize your driving time.
ParticipantThose who say that Escondido has no good schools are uninformed. At the elementary level LR Green and Bernardo schhols comparable to or better than most schools south of Lake Hodges in RB, Carmel Mtn. or Poway. Bear Valley Middle School and San Pasqual High School are also good schools.
The schools in eastern and central Escondido have problems associated with ESL but southern Escondido is an entirely different place. Also, southern Escondido is very nice and to call it a “hell hole” is indicative of an uninformed opinion.
Granted, these new houses are in eastern Escondido I believe in the Orange Glen school boundaries.
Participant70% overvalued and 70% correction are not equivalent statements.
If a house is presently worth 170k but its intrinsic value is 100k the property is 70% overvalued. But a drop back to 100k is a 41% correction.
An analogy is a stock increasing in value by 100%. A 50% reduction takes you back to the original value and a 100% reduction takes you to zero.
Sorry to be anal but your headline exaggerates the situation.
Take care
ParticipantThe property was reappraised yearly at about market value until the 2% prop 13 limit was reached in either 1999 or 2000.
ParticipantWe bought a condo in Sabre Springs in Jan 1990 for $111,000. This steadily depreciated, reaching a minimum value of about $85,000 in about 1996. In late 1995 or early 1996 we received a letter from the tax colletor saying that they had reappraised our condo at $85,000; we didn’t have to appeal at all. I’m not saying this will happen to you but there is precedent.
Over the years (the condo is probably worth $320,000 today) the appraised value was increased and today is appraised at what amounts to 2% annually from 1990. In other words, the decrease in appraised value was “recaptured” and I believe there was a lawsuit in Orange County regarding this a few years ago.
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