[ltsddd]

[quote=flu]Found it… We discussed it here awhile ago, back when more of the discussions were more useful. Not sure if it’s relevant or not to this topic.

http://piggington.com/powaythe_real_debt_bomb

http://www.voiceofsandiego.org/topics/education/where-borrowing-105-million-will-cost-1-billion-poway-schools/

It does seem strange that the MR payoff seems so jacked up right now. I’m not suggesting something fishy is going on, it just seems a little odd that the difference now and a few years ago would be that large.[/quote]

I wonder what really happened with this bond. The damage hasn’t shown up on my tax bills, yet.

[ltsddd]

[quote=plm]http://piggington.com/paying_off_mello_roos

this thread had the info about paying to get the payoff amount calculated first. I wanted to pay it off a couple of years ago but I wanted the tax break that year and was afraid that paying off the whole thing would not count. Seems like it might have worked but now I’m in the AMT so no reason for me not to pay if off.[/quote]

IIRC, ER mentioned about paying $500 for the assessor’s office to do the calculation and provide the exact pay-off amount. $500 is excessive for some arithmetic.

[ltsddd]

[quote=ocrenter][quote=plm]

ocrenter,

Thanks for the mello roos info. I’m in Stonebridge as well with mellos roos of about 6200 for the two CFDs. Seems to me from your data, the payoff amount is increasing (maybe because of the 2 percent increase per year?) so I should pay of the mello roos now instead of later. Love Stonebridge so planning on staying in the home forever so I suppose there isn’t any reason not to pay of the mello roos now. Been using savings to pay down the mortgage but seems like it makes more sense to pay off the mello roos first. No regrets paying off the mello roos, right?

When I bought the house, I was told there was three different rates for Stonebridge based only on the square footage of the home.

Thanks[/quote]

Yes, no regrets at all. Here are the reasons why:

–the interest rate on the two CFDs were 5% and 7%, my mortgage is at 3.7%
–for me my mortgage is deductable, my property tax isn’t (due to AMT)
–I knew we were going to be here for 10 years if not longer. Selling the property as a non-MR property is only going to give you a leg up.
–every April and November when we pull up our street on the SD county assessor site to pay the property tax we see a nice little reminder of why we did what we did.

I think my friend falls in the $6200 MR bracket.[/quote]

OCR,
What’s the process to paying off the mello-roos? I suppose you can’t just walk into the assessor’s office and give them a check.

[ltsddd]

[quote=ocrenter][quote=joec]Some one else here has paid it off I think, and may comment, but they may have been in a different CFD area. I think they paid closer to 60k or so.

I think Del Sur has the highest CFD rates compared to any of the other 4S areas so it should be higher, but I don’t know if your house is in both CFD districts?

One of those payment sounds more correct to me.[/quote]

Just checked a few random Del Sur homes, they are in two CFD districts. The high CFD rates was a major turn off for us back in the days as well. But then again, that high school looks like it could put most of the community colleges in this country to shame. That cost had to come from somewhere…[/quote]

Del Sur does not have a high school built. The kids will either go to westview or Del Norte. The thing I don’t understand about Del Sur is with such a high mello-roos, it built exactly 1 school – Del Sur Elementary. Their website lists Oak Valley & Del Norte in 4S Ranch as their middle & high schools.

As for that K-8, Design 39 school, you must also be paying the secondary CFD No. 15 in order to be able to send your kids there.

[ltsddd]

[quote=FlyerInHi]

The old men, past their prime, like Henry Kissinger who populated her board could not see beyond the facade. That’s frequently the case.[/quote]

Why would the guy care? He’s there to line his pocket. On the other hand, how on earth was she able to pull this past the VCs?

[ltsddd]

[quote=La Jolla Renter]
20 years from now, convert to primary residence for 2 years and sell for $500k tax free gain.
[/quote]

This loophole has been closed with the Housing Assistance Tax Act of 2008. Essentially, value appreciation while the property is a rental is subjected to capital gains tax.

[ltsddd]

.

[ltsddd]

QED

[ltsddd]

[quote=svelte][quote=joec]Other than people needed to write code for tech startup/apps/etc, are any of the other “hard” engineering sciences really in a short supply? (EE/Materials/Chem/Mechanical/etc?)

[/quote]

That’s the key – STEM is too broad. To detect shortages/gluts it really needs to be broken down further.[/quote]

Choose your passion carefully.

[ltsddd]

[quote=no_such_reality]The those in the know grapevine say Bernie is going to be Trump’s VP nod.
[/quote]

Not after Bernie’s speech in Oregon tonight.

[ltsddd]

Ask any self-made millionaire and they’ll tell you it ain’t easy to get there. As for those that are millionaires b/c they were born rich, they can all STFU.

[ltsddd]

.

[ltsddd]

I think it’s a great investment idea. Where do I sign up?

[ltsddd]

[quote=FlyerInHi]Carli, did you ever try IP telephone like Vonage?
[/quote]

Try Ooma. The device costs less than $100. Only cost after that is the fcc taxes and fees that add up to about $4/mo.

[ltsddd]

[quote=joec]

What are people seeing in insurance premiums now? We are near $2k/year for guaranteed replacement cost…over 3k+ sqft track home in 4S.[/quote]

Yup, I am seeing the same thing. It’s about 2% of the value of the house. Interestingly, the insurance for my rentals are still hovering around the “traditional” 1% of the property value.

[Author]

Posts