[ocrenter]

[quote=Hobie]Even Trump couldn’t make it work. And he screwed many Americans when he went BK on his condo project.[/quote]

remember what he said, oh that’s not really my project, they just used my name. (hey he sounds like a politician already!)

seriously, that market is completely overbuilt, all of the unfinished buildings are all future inventory. the market there will stay depressed for quite some time.

not a good way to part with your money.

[ocrenter]

[quote=Hobie]Even Trump couldn’t make it work. And he screwed many Americans when he went BK on his condo project.[/quote]

remember what he said, oh that’s not really my project, they just used my name. (hey he sounds like a politician already!)

seriously, that market is completely overbuilt, all of the unfinished buildings are all future inventory. the market there will stay depressed for quite some time.

not a good way to part with your money.

[ocrenter]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

that actually make a lot of sense. why pay down at accelerated scale with money that is worth more when you know if you pay at a slower scale you’ll be able to pay with money that’s worth less.

ask anyone with professional school loans (med, law, mba, etc). these guys get low interest loans for their education, loans with interest rate even lower than CD rates. none of them ever pay down the loans early.

get an investment property, near an UC campus.

[ocrenter]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

that actually make a lot of sense. why pay down at accelerated scale with money that is worth more when you know if you pay at a slower scale you’ll be able to pay with money that’s worth less.

ask anyone with professional school loans (med, law, mba, etc). these guys get low interest loans for their education, loans with interest rate even lower than CD rates. none of them ever pay down the loans early.

get an investment property, near an UC campus.

[ocrenter]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

that actually make a lot of sense. why pay down at accelerated scale with money that is worth more when you know if you pay at a slower scale you’ll be able to pay with money that’s worth less.

ask anyone with professional school loans (med, law, mba, etc). these guys get low interest loans for their education, loans with interest rate even lower than CD rates. none of them ever pay down the loans early.

get an investment property, near an UC campus.

[ocrenter]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

that actually make a lot of sense. why pay down at accelerated scale with money that is worth more when you know if you pay at a slower scale you’ll be able to pay with money that’s worth less.

ask anyone with professional school loans (med, law, mba, etc). these guys get low interest loans for their education, loans with interest rate even lower than CD rates. none of them ever pay down the loans early.

get an investment property, near an UC campus.

[ocrenter]

[quote=flu]Someone talk some sense into me.

I’m actually giving some serious consideration to changing my strategy and instead of trying to pay off my primary earlier with a 15, refinance back into a 30 year and take as much cash out as possible..then take the money and do something with it. Like use it to buy cheaper/paid off rental property.

Afterall, if we think the dollar is getting weaker, is there any good reason why I should try to pay this off in today’s dollar sooner, versus using less-worth dollars in the future??? I mean at least if I have some rentals, I can jack up rent (to a point) to keep up with inflation.. Also, since the refinance is on my primary, my interest is deductible up to the phase out limit… On the other hand, if I tie up too much equity now, that’s money that’s lost opportunity which will devalue because I can’t do anything with it….Seems like a big opportunity cost… (other than I just wasted the past 6 years paying down a loan )

Thoughts? Someone talk some sense into me, please…[/quote]

that actually make a lot of sense. why pay down at accelerated scale with money that is worth more when you know if you pay at a slower scale you’ll be able to pay with money that’s worth less.

ask anyone with professional school loans (med, law, mba, etc). these guys get low interest loans for their education, loans with interest rate even lower than CD rates. none of them ever pay down the loans early.

get an investment property, near an UC campus.

[ocrenter]

[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.

tb[/quote]

well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.

now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.

[ocrenter]

[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.

tb[/quote]

well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.

now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.

[ocrenter]

[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.

tb[/quote]

well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.

now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.

[ocrenter]

[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.

tb[/quote]

well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.

now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.

[ocrenter]

[quote=teaboy]this just re-validates my opinion that points are a rip-off. Dont buy ’em.

tb[/quote]

well, depends. when we refi’d nearly a year ago, we purchased 0.5 point, which amounted to about $2000. that’s the difference of 3.5 months between the old payment and the new payment.

now that the jr jumbo rate is at 4.5% at 0 point, I’m glad I paid that 0.5 point nearly a year ago to bring my rate down to 4.5%.

[ocrenter]

[quote=UCGal][quote=ocrenter][quote=SK in CV][quote=ocrenter]
per the UT, we are looking at “land between the two freeways (I-5 and I-15), north of the San Dieguito River, south of Lake Hodges” http://www.signonsandiego.com/uniontrib/20040912/news_m1h12smo-jmp.html%5B/quote%5D

Now I’m even more confused! The 56 corridor doesn’t include Carmel Valley? Now that just seems silly.[/quote]

of course it does, between the I-5 and I-15.[/quote]
I think the confusion is the N/S boundaries. San Dieguito river is north of Del Mar Heights… So that’s well north of the 56 corridor.

Heck – UC is between the 5 and 15… as is North park.[/quote]

so much for quoting the UT. I would say strictly speaking, between the 5 and 15, south of lake Hodges and RSF, and north of los penasquitos canyon preserve.

[ocrenter]

[quote=UCGal][quote=ocrenter][quote=SK in CV][quote=ocrenter]
per the UT, we are looking at “land between the two freeways (I-5 and I-15), north of the San Dieguito River, south of Lake Hodges” http://www.signonsandiego.com/uniontrib/20040912/news_m1h12smo-jmp.html%5B/quote%5D

Now I’m even more confused! The 56 corridor doesn’t include Carmel Valley? Now that just seems silly.[/quote]

of course it does, between the I-5 and I-15.[/quote]
I think the confusion is the N/S boundaries. San Dieguito river is north of Del Mar Heights… So that’s well north of the 56 corridor.

Heck – UC is between the 5 and 15… as is North park.[/quote]

so much for quoting the UT. I would say strictly speaking, between the 5 and 15, south of lake Hodges and RSF, and north of los penasquitos canyon preserve.

[ocrenter]

[quote=UCGal][quote=ocrenter][quote=SK in CV][quote=ocrenter]
per the UT, we are looking at “land between the two freeways (I-5 and I-15), north of the San Dieguito River, south of Lake Hodges” http://www.signonsandiego.com/uniontrib/20040912/news_m1h12smo-jmp.html%5B/quote%5D

Now I’m even more confused! The 56 corridor doesn’t include Carmel Valley? Now that just seems silly.[/quote]

of course it does, between the I-5 and I-15.[/quote]
I think the confusion is the N/S boundaries. San Dieguito river is north of Del Mar Heights… So that’s well north of the 56 corridor.

Heck – UC is between the 5 and 15… as is North park.[/quote]

so much for quoting the UT. I would say strictly speaking, between the 5 and 15, south of lake Hodges and RSF, and north of los penasquitos canyon preserve.

[Author]

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