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ltsddd
Participant[quote=ocrenter][quote=ltsdd][quote=earlyretirement]
…most people VASTLY over estimate their investment abilities. Most people I know think they are stock gurus and in an upmarket like now they think they are Warren Buffett Jr.! (A few years ago….um not so much).
[/quote]ER,
Most people on this board should be savvy enough to be able to get a return of 3% annually on their investments, no?[/quote]Where are you getting the 3%? Yes, if the MR is at 3% i would not prepay. If I’m not subject to AMT yearly I would likely not repay.
Neither is the reality. Thus the prepayment.[/quote]
Using your example. A return of 3%/year (or there about) should double your pay-off amount in the 22-year period that you mentioned.
Participant[quote=earlyretirement]
…most people VASTLY over estimate their investment abilities. Most people I know think they are stock gurus and in an upmarket like now they think they are Warren Buffett Jr.! (A few years ago….um not so much).
[/quote]ER,
Most people on this board should be savvy enough to be able to get a return of 3% annually on their investments, no?Participant[quote=ocrenter]When I paid the MR off, we still had 22 years to go on the MR. Total cost over the 22 years would have been $150k. With the payoff at $58k, and one of the MR at 7.5% the calculation came out in favor of payoff as we essentially “earn” $92k by paying the $58k upfront.[/quote]
Excellent thread.
OCR,
Did you take into account the tax deductibility of the MR (let’s put aside the debate on whether or not it’s allowed or legal for now) – I assume you didn’t? Would your conclusion be any different as to whether or not it’s advantageous to pay off MR? Using your example above and let’s assume you’re in the 30% tax bracket, by paying off your MR you earned roughly $45K instead of $92K. I am pretty sure that even with the most conservative investment vehicle, you should not have any problem doubling your money in that 22 years period. Personally, I would have hung on to that cash.ParticipantJazzman,
That’s a gorgeous looking house. Can’t go wrong with either Maui or France. Congratulations.Participant[quote=Del Sur 14]There is a lot to like here in Del Sur. Haven’t compared the prices across other neighborhoods lately. But on a pure enjoyment level it is a very nice area if you have young kids.
Multiple pools, parks, and kid events. Plus you can walk to a good school.
Easy drive to many shops. Probably doesn’t make a ton of sense for people without kids but great area for kids. Almost everyone here has young kids.[/quote]
Mostly agreed. Regarding schools, I think Del Sur Elementary is the only public school built at the “center” of the community. I don’t think there’s a middle or high school within walking distance in Del Sur.
ParticipantEssbee,
I stand corrected. Good info you provided there.Participant[quote=Essbee]
In contrast I *have* heard that Monterey Ridge in north 4S is overcrowded and that some kids are being sent elsewhere (including to Stone Ranch, I believe).[/quote]That’s interesting. I heard the opposite. The folks I was talking about were told that their kids may have to go to Monterey Ridge instead of SR. It ended well for them as both of their kids eventually attended SR.
Regardless, if the local schools are an important factor then it would be prudent to get these questions answered.
ParticipantIt’s a tough decision. I have no opinion if you’re buying it as an “investment”. However, if you have school-age children then I’d say go for it – I believe it’s always a win situation if this is the motivation. Just make sure your kids could actually get in the schools.
I know folks who bought a house a few blocks from Stone Ranch elementary school last year and were told by that school that it may not have space for their kids.
The new k-8 school is adjacent to Del Norte High. I think they barely broke ground on that.
ParticipantBlame it on qualcomm.
Participant[quote=ocrenter][quote=flu]who cares…
Anyone seeing any activity on attached homes on this market that isn’t crazy too? Seems still pretty crazy there too….
Anyone that’s in SS that is thinking about backing out in CV…Send me a PM….
Meanwhile…. Lol…
http://www.sdlookup.com/MLS-130029963-12607_El_Camino_Real_C_San_Diego_CA_92130
Welcome back to 2004-5 peak prices + more….
Same 3/3 went for around $620-40k back in 2004/05….[/quote]Welcome back flu!!![/quote]
We all know that if flu showed up, AN will surely to follow.
ParticipantAnyone here remember the Punta Banda land dispute?
It’s been quite a while, but it’s worthwhile to look it up – “punta banda eviction” – and decide for yourself.
ParticipantAcccording to Zillow. Jan & Feb of 2013 saw two of the lowest total homes (SFH & condos) sold in SD Co in the last five years, 1130 and 1172, respectively. That figure did spike up to 1553 for March 2013. It’ll be interesting to see what the numbers are going to be for the next few months.
ParticipantAdame99,
I am not sure if anyone has mentioned this already. But if I were you, and IFF you have the desire to be a landlord, then why not do the following:1. Keep the property as a rental AND
2. Extract as much equity as you could/want out of it and use it for stocks trading.By doing this you’ll get the $$ you need for stocks and at the same time own a rental and avoiding paying the gain you would have from the sale of property.
BTW., let’s go BRCM!
Good luck.
Participant[quote=SK in CV]Now go back and read what I wrote, and show me where I said anything remotely resembling a disbelief in the official story.[/quote]
You’re right. You didn’t say such thing. You’re making shit up if you’re saying I accused you of saying such thing.
The fact is this:
1. You had issue with me having issue with letting that woman, who’s doubting the 9/11 attacks, into our country (granted, she’s a “Canadian”).
2. You provided a wiki link to show that that woman is not the only one thinking that
3. Your answer to the question who were behind the 9/11 attack was “not Saddam Hussein”.I know nothing about you. So, please do tell what’s the “official story” of the 9/11 that you believe in.
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