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nostradamus
Participantasia,
I concur, looks like there are some potential rentals in MM. Just did a brief search under $400k and it’s doable based on the areas I saw and what I know of today’s rents. Who knows what these houses will be renting for/selling for in a year, but I say go for it.
Unleash the hounds! Let me know how the bank apps go.
Participantasia,
I concur, looks like there are some potential rentals in MM. Just did a brief search under $400k and it’s doable based on the areas I saw and what I know of today’s rents. Who knows what these houses will be renting for/selling for in a year, but I say go for it.
Unleash the hounds! Let me know how the bank apps go.
ParticipantIn 1998 my mortgage started around 7.75% then I refi’d to something ridiculously low (4.75%) which was pretty much bottom. So I guessed 6% for 1999.
Again, mine is a 15-year loan. I don’t remember when I refi’d.
ParticipantIn 1998 my mortgage started around 7.75% then I refi’d to something ridiculously low (4.75%) which was pretty much bottom. So I guessed 6% for 1999.
Again, mine is a 15-year loan. I don’t remember when I refi’d.
ParticipantIn 1998 my mortgage started around 7.75% then I refi’d to something ridiculously low (4.75%) which was pretty much bottom. So I guessed 6% for 1999.
Again, mine is a 15-year loan. I don’t remember when I refi’d.
ParticipantIn 1998 my mortgage started around 7.75% then I refi’d to something ridiculously low (4.75%) which was pretty much bottom. So I guessed 6% for 1999.
Again, mine is a 15-year loan. I don’t remember when I refi’d.
ParticipantIn 1998 my mortgage started around 7.75% then I refi’d to something ridiculously low (4.75%) which was pretty much bottom. So I guessed 6% for 1999.
Again, mine is a 15-year loan. I don’t remember when I refi’d.
Participantdumbrenter,
I think around 2001 things started bubbling. For example, this place near me:
11515 Caminito La Bar APT 81 San Diego CA 92126
Sold for $118k in 1999. That’s a 2br/2ba condo in a neighborhood where rent was $1200+ (it was $1100 when I rented in that hood before buying). If you bought it with 20% down, 30 year loan, 6% you’re looking at $652 including tax, add in $180 for the HOA and that’s $832 to own vs. $1200 to rent.
In 2004 that unit sold for $370k. Tripled in “value” in 5 years.
It’s amazing that in today’s mindset nobody can fathom a mortgage payment being less than rent.
Participantdumbrenter,
I think around 2001 things started bubbling. For example, this place near me:
11515 Caminito La Bar APT 81 San Diego CA 92126
Sold for $118k in 1999. That’s a 2br/2ba condo in a neighborhood where rent was $1200+ (it was $1100 when I rented in that hood before buying). If you bought it with 20% down, 30 year loan, 6% you’re looking at $652 including tax, add in $180 for the HOA and that’s $832 to own vs. $1200 to rent.
In 2004 that unit sold for $370k. Tripled in “value” in 5 years.
It’s amazing that in today’s mindset nobody can fathom a mortgage payment being less than rent.
Participantdumbrenter,
I think around 2001 things started bubbling. For example, this place near me:
11515 Caminito La Bar APT 81 San Diego CA 92126
Sold for $118k in 1999. That’s a 2br/2ba condo in a neighborhood where rent was $1200+ (it was $1100 when I rented in that hood before buying). If you bought it with 20% down, 30 year loan, 6% you’re looking at $652 including tax, add in $180 for the HOA and that’s $832 to own vs. $1200 to rent.
In 2004 that unit sold for $370k. Tripled in “value” in 5 years.
It’s amazing that in today’s mindset nobody can fathom a mortgage payment being less than rent.
Participantdumbrenter,
I think around 2001 things started bubbling. For example, this place near me:
11515 Caminito La Bar APT 81 San Diego CA 92126
Sold for $118k in 1999. That’s a 2br/2ba condo in a neighborhood where rent was $1200+ (it was $1100 when I rented in that hood before buying). If you bought it with 20% down, 30 year loan, 6% you’re looking at $652 including tax, add in $180 for the HOA and that’s $832 to own vs. $1200 to rent.
In 2004 that unit sold for $370k. Tripled in “value” in 5 years.
It’s amazing that in today’s mindset nobody can fathom a mortgage payment being less than rent.
Participantdumbrenter,
I think around 2001 things started bubbling. For example, this place near me:
11515 Caminito La Bar APT 81 San Diego CA 92126
Sold for $118k in 1999. That’s a 2br/2ba condo in a neighborhood where rent was $1200+ (it was $1100 when I rented in that hood before buying). If you bought it with 20% down, 30 year loan, 6% you’re looking at $652 including tax, add in $180 for the HOA and that’s $832 to own vs. $1200 to rent.
In 2004 that unit sold for $370k. Tripled in “value” in 5 years.
It’s amazing that in today’s mindset nobody can fathom a mortgage payment being less than rent.
ParticipantI know people who have 10 yrs experience who are not so good at their job and people with 3yrs experience who were whizzes.
ditto. I've been working for 6 months with a junior engineer, this is her first job out of school, and I'm blown away at how much she's learned… She is better than most people with many years of experience under their belts. Sad thing is, management doesn't know how to keep people like this. That's why quitting is always on her mind.
ParticipantI know people who have 10 yrs experience who are not so good at their job and people with 3yrs experience who were whizzes.
ditto. I've been working for 6 months with a junior engineer, this is her first job out of school, and I'm blown away at how much she's learned… She is better than most people with many years of experience under their belts. Sad thing is, management doesn't know how to keep people like this. That's why quitting is always on her mind.
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