[NeetaT]

I don’t care that I missed out on a bubble opportunity. Well, maybe just a little. I think what really gets to me is that I have a feeling that there was and are people getting rich by skimming off the top of all the extra property tax revenue coming in. I know just by looking around and hearing complaints about the school system that the money is not being used properly. I ask , what are they doing with all that tax money other than lining their own pockets by skimming and huge pay raises, IE. the tax assessor. I may be the only one with this opinion, but it appears salient to me.

[NeetaT]

temeculaguy,

“The tax software”

I think that will be my next step.

Thanks!!!!!

[NeetaT]

temeculaguy,

“The tax software”

I think that will be my next step.

Thanks!!!!!

[NeetaT]

temeculaguy,

“The tax software”

I think that will be my next step.

Thanks!!!!!

[NeetaT]

temeculaguy,

“The tax software”

I think that will be my next step.

Thanks!!!!!

[NeetaT]

temeculaguy,

“The tax software”

I think that will be my next step.

Thanks!!!!!

[NeetaT]

I have a personal example for you. My rent is $1,200.00 a month. If I were to buy the place, it would cost me $300,000.00 cash. I don’t borrow money so that is why I give a cash example. Not counting closing costs and the 3%-6% usurped from me by the realtor when it comes time to sale, the expenses to own are as follows: $250.00 a month for property tax, $200.00 a month for HOA, $100.00 a month for insurance, $20.00 a month for misc. maintenance. Right off the bat you are down $570.00. Now let us do the math.

Own: (-) $570.00 per month

Rent: Interest on $300,000.00 at a meager 5% after taxes is $1,000.00 a month worst case.

Rent = $1,200.00
-$1,000.00
= $200.00 a month out of pocket

Own = $570.00 a month out of pocket

The deference appears to be $370.00 per month cheaper to rent. Now I know this was over simplified math, but I don’t think it is far from the truth. This does not take into consideration the possible appreciation or maybe even depreciation or the variables I mentioned earlier. The bottom line is I don’t feel bad renting. Please let me know if I am using voodoo math or if I have left something out.
I think the disparity gets even bigger if you do the comparison on getting a mortgage.

[NeetaT]

I have a personal example for you. My rent is $1,200.00 a month. If I were to buy the place, it would cost me $300,000.00 cash. I don’t borrow money so that is why I give a cash example. Not counting closing costs and the 3%-6% usurped from me by the realtor when it comes time to sale, the expenses to own are as follows: $250.00 a month for property tax, $200.00 a month for HOA, $100.00 a month for insurance, $20.00 a month for misc. maintenance. Right off the bat you are down $570.00. Now let us do the math.

Own: (-) $570.00 per month

Rent: Interest on $300,000.00 at a meager 5% after taxes is $1,000.00 a month worst case.

Rent = $1,200.00
-$1,000.00
= $200.00 a month out of pocket

Own = $570.00 a month out of pocket

The deference appears to be $370.00 per month cheaper to rent. Now I know this was over simplified math, but I don’t think it is far from the truth. This does not take into consideration the possible appreciation or maybe even depreciation or the variables I mentioned earlier. The bottom line is I don’t feel bad renting. Please let me know if I am using voodoo math or if I have left something out.
I think the disparity gets even bigger if you do the comparison on getting a mortgage.

[NeetaT]

I have a personal example for you. My rent is $1,200.00 a month. If I were to buy the place, it would cost me $300,000.00 cash. I don’t borrow money so that is why I give a cash example. Not counting closing costs and the 3%-6% usurped from me by the realtor when it comes time to sale, the expenses to own are as follows: $250.00 a month for property tax, $200.00 a month for HOA, $100.00 a month for insurance, $20.00 a month for misc. maintenance. Right off the bat you are down $570.00. Now let us do the math.

Own: (-) $570.00 per month

Rent: Interest on $300,000.00 at a meager 5% after taxes is $1,000.00 a month worst case.

Rent = $1,200.00
-$1,000.00
= $200.00 a month out of pocket

Own = $570.00 a month out of pocket

The deference appears to be $370.00 per month cheaper to rent. Now I know this was over simplified math, but I don’t think it is far from the truth. This does not take into consideration the possible appreciation or maybe even depreciation or the variables I mentioned earlier. The bottom line is I don’t feel bad renting. Please let me know if I am using voodoo math or if I have left something out.
I think the disparity gets even bigger if you do the comparison on getting a mortgage.

[NeetaT]

I have a personal example for you. My rent is $1,200.00 a month. If I were to buy the place, it would cost me $300,000.00 cash. I don’t borrow money so that is why I give a cash example. Not counting closing costs and the 3%-6% usurped from me by the realtor when it comes time to sale, the expenses to own are as follows: $250.00 a month for property tax, $200.00 a month for HOA, $100.00 a month for insurance, $20.00 a month for misc. maintenance. Right off the bat you are down $570.00. Now let us do the math.

Own: (-) $570.00 per month

Rent: Interest on $300,000.00 at a meager 5% after taxes is $1,000.00 a month worst case.

Rent = $1,200.00
-$1,000.00
= $200.00 a month out of pocket

Own = $570.00 a month out of pocket

The deference appears to be $370.00 per month cheaper to rent. Now I know this was over simplified math, but I don’t think it is far from the truth. This does not take into consideration the possible appreciation or maybe even depreciation or the variables I mentioned earlier. The bottom line is I don’t feel bad renting. Please let me know if I am using voodoo math or if I have left something out.
I think the disparity gets even bigger if you do the comparison on getting a mortgage.

[NeetaT]

I have a personal example for you. My rent is $1,200.00 a month. If I were to buy the place, it would cost me $300,000.00 cash. I don’t borrow money so that is why I give a cash example. Not counting closing costs and the 3%-6% usurped from me by the realtor when it comes time to sale, the expenses to own are as follows: $250.00 a month for property tax, $200.00 a month for HOA, $100.00 a month for insurance, $20.00 a month for misc. maintenance. Right off the bat you are down $570.00. Now let us do the math.

Own: (-) $570.00 per month

Rent: Interest on $300,000.00 at a meager 5% after taxes is $1,000.00 a month worst case.

Rent = $1,200.00
-$1,000.00
= $200.00 a month out of pocket

Own = $570.00 a month out of pocket

The deference appears to be $370.00 per month cheaper to rent. Now I know this was over simplified math, but I don’t think it is far from the truth. This does not take into consideration the possible appreciation or maybe even depreciation or the variables I mentioned earlier. The bottom line is I don’t feel bad renting. Please let me know if I am using voodoo math or if I have left something out.
I think the disparity gets even bigger if you do the comparison on getting a mortgage.

[NeetaT]

Please don’t remind me that I did not buy in 98.

[NeetaT]

Please don’t remind me that I did not buy in 98.

[NeetaT]

Please don’t remind me that I did not buy in 98.

[NeetaT]

Please don’t remind me that I did not buy in 98.

[Author]

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