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September 2, 2009 at 1:54 PM in reply to: expensive La Jolla townhomes – how low will they go? #452780September 2, 2009 at 1:54 PM in reply to: expensive La Jolla townhomes – how low will they go? #452592
mgoldberg
ParticipantJust some thoughts..
Scarlett –
What type of utilities do you have for $500/month? I thought that was primarily for east coast or northern US homes. and quite expensive life insurance.
Either way (whether I feel you are rounding up-up on some numbers or not), I agree that all expenses do seem to add up.The other poster suggested paying off the car loans. Excellent suggestion!
Most people buying 600k+ house/townhouse are buying it as a move up house and have at least 20% down from the sale of their previous home. And they are not living for free currently, so the extra costs for the newer, more expensive home aren’t as pricy as initially thought.
Many people have second incomes from something passive – rental unit, stock dividends, etc.. Those are the folks moving into many of these places.
September 2, 2009 at 1:54 PM in reply to: expensive La Jolla townhomes – how low will they go? #452518ParticipantJust some thoughts..
Scarlett –
What type of utilities do you have for $500/month? I thought that was primarily for east coast or northern US homes. and quite expensive life insurance.
Either way (whether I feel you are rounding up-up on some numbers or not), I agree that all expenses do seem to add up.The other poster suggested paying off the car loans. Excellent suggestion!
Most people buying 600k+ house/townhouse are buying it as a move up house and have at least 20% down from the sale of their previous home. And they are not living for free currently, so the extra costs for the newer, more expensive home aren’t as pricy as initially thought.
Many people have second incomes from something passive – rental unit, stock dividends, etc.. Those are the folks moving into many of these places.
September 2, 2009 at 1:54 PM in reply to: expensive La Jolla townhomes – how low will they go? #452179ParticipantJust some thoughts..
Scarlett –
What type of utilities do you have for $500/month? I thought that was primarily for east coast or northern US homes. and quite expensive life insurance.
Either way (whether I feel you are rounding up-up on some numbers or not), I agree that all expenses do seem to add up.The other poster suggested paying off the car loans. Excellent suggestion!
Most people buying 600k+ house/townhouse are buying it as a move up house and have at least 20% down from the sale of their previous home. And they are not living for free currently, so the extra costs for the newer, more expensive home aren’t as pricy as initially thought.
Many people have second incomes from something passive – rental unit, stock dividends, etc.. Those are the folks moving into many of these places.
September 2, 2009 at 1:54 PM in reply to: expensive La Jolla townhomes – how low will they go? #451983ParticipantJust some thoughts..
Scarlett –
What type of utilities do you have for $500/month? I thought that was primarily for east coast or northern US homes. and quite expensive life insurance.
Either way (whether I feel you are rounding up-up on some numbers or not), I agree that all expenses do seem to add up.The other poster suggested paying off the car loans. Excellent suggestion!
Most people buying 600k+ house/townhouse are buying it as a move up house and have at least 20% down from the sale of their previous home. And they are not living for free currently, so the extra costs for the newer, more expensive home aren’t as pricy as initially thought.
Many people have second incomes from something passive – rental unit, stock dividends, etc.. Those are the folks moving into many of these places.
ParticipantHi Kcal,
Post a bogus ad on Craigslist and see how many hits you get at various price levels. It’s a decent sized investment and that’s the only way to see how rentable it is at the income you want. Be sure to post it with some pictures because people narrow out the ones without images.
I would offer 1-3% below the comps that sold in the last few months.
Matt
ParticipantHi Kcal,
Post a bogus ad on Craigslist and see how many hits you get at various price levels. It’s a decent sized investment and that’s the only way to see how rentable it is at the income you want. Be sure to post it with some pictures because people narrow out the ones without images.
I would offer 1-3% below the comps that sold in the last few months.
Matt
ParticipantHi Kcal,
Post a bogus ad on Craigslist and see how many hits you get at various price levels. It’s a decent sized investment and that’s the only way to see how rentable it is at the income you want. Be sure to post it with some pictures because people narrow out the ones without images.
I would offer 1-3% below the comps that sold in the last few months.
Matt
ParticipantHi Kcal,
Post a bogus ad on Craigslist and see how many hits you get at various price levels. It’s a decent sized investment and that’s the only way to see how rentable it is at the income you want. Be sure to post it with some pictures because people narrow out the ones without images.
I would offer 1-3% below the comps that sold in the last few months.
Matt
ParticipantHi Kcal,
Post a bogus ad on Craigslist and see how many hits you get at various price levels. It’s a decent sized investment and that’s the only way to see how rentable it is at the income you want. Be sure to post it with some pictures because people narrow out the ones without images.
I would offer 1-3% below the comps that sold in the last few months.
Matt
ParticipantHi kcal,
I have been following it. What would you like to know?
ParticipantHi kcal,
I have been following it. What would you like to know?
ParticipantHi kcal,
I have been following it. What would you like to know?
ParticipantHi kcal,
I have been following it. What would you like to know?
ParticipantHi kcal,
I have been following it. What would you like to know?
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