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ocrenter
Participant[quote=familyguy]I see those first two homes are coming right along. I would assume those will be the models?[/quote]
I thought somebody said there’s going to be 8 different models available. But they’ll just have 2 model homes?
Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
Participant[quote=kcal09]
MR is a 30 year bond which would add 30 x $5,000=$150,000 total.[/quote]that’s like saying a house with a $500k 30 year mortgage really cost $911k.
the way I look at it is how much the mello roos burden reduce purchase power.
a $5000 per year mello roos is $416 per month. $82k at interest rate of 4.5% yields $416 per month. Therefore, by purchasing a house with $416 per month of mello roos, you lose $82k in purchase power.
Therefore, a similar sized home on a similar sized lot in neighboring Poway with a purchase price that is higher in price by less than $82k is actually a better bargain.
I ended up rounding up the $82k to $100k. But I personally can’t seem to find a comparable Poway home that fits that criteria.
That is ultimately why localguy continue to see demand in Stonebridge, because comparatively, it is a better deal despite the MR.
Participant[quote=jeeman]Well, I got a quote from Performance Solar to install 10 Sunstar panels including the computerized valve for $6970. Does this sound reasonable to all you folks?[/quote]
For $1000 more you can get an autonomic pool cover. Water temp over the last week averaged 94 degree for us despite sub 80 degree temp.
Participant[quote=jeeman]Well, I got a quote from Performance Solar to install 10 Sunstar panels including the computerized valve for $6970. Does this sound reasonable to all you folks?[/quote]
For $1000 more you can get an autonomic pool cover. Water temp over the last week averaged 94 degree for us despite sub 80 degree temp.
Participant[quote=jeeman]Well, I got a quote from Performance Solar to install 10 Sunstar panels including the computerized valve for $6970. Does this sound reasonable to all you folks?[/quote]
For $1000 more you can get an autonomic pool cover. Water temp over the last week averaged 94 degree for us despite sub 80 degree temp.
Participant[quote=jeeman]Well, I got a quote from Performance Solar to install 10 Sunstar panels including the computerized valve for $6970. Does this sound reasonable to all you folks?[/quote]
For $1000 more you can get an autonomic pool cover. Water temp over the last week averaged 94 degree for us despite sub 80 degree temp.
Participant[quote=jeeman]Well, I got a quote from Performance Solar to install 10 Sunstar panels including the computerized valve for $6970. Does this sound reasonable to all you folks?[/quote]
For $1000 more you can get an autonomic pool cover. Water temp over the last week averaged 94 degree for us despite sub 80 degree temp.
Participant[quote=sdrealtor]Some people are angry when they short sale and leave places in poor condition. That has not been my experience as I dont work with a$%^holes. I only work with people I like on short sales who I think need and deserve some help.[/quote]
so you never represent buyers of short sales? what can you do if a short sale property purchased by a buyer is trashed?
Participant[quote=sdrealtor]Some people are angry when they short sale and leave places in poor condition. That has not been my experience as I dont work with a$%^holes. I only work with people I like on short sales who I think need and deserve some help.[/quote]
so you never represent buyers of short sales? what can you do if a short sale property purchased by a buyer is trashed?
Participant[quote=sdrealtor]Some people are angry when they short sale and leave places in poor condition. That has not been my experience as I dont work with a$%^holes. I only work with people I like on short sales who I think need and deserve some help.[/quote]
so you never represent buyers of short sales? what can you do if a short sale property purchased by a buyer is trashed?
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