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ocrenter
ParticipantI firmly agree with OP in regard to the coming inflation and the feeling that essentially that is the ultimate game plan to get us out of the debt crisis.
This scenario will still work for homeowners even if home prices remain stagnate for the foreseeable future. Since homeowners will be using dollars that are significantly less to pay down debt that was worth significantly more.
If instead home prices increase at rate of inflation, that would be an added bonus.
While jumping on bandwagons is typically not the smartest move, being a permabear can be just as bad as for one’s financial health as being a permabull.
Participant[quote=bearishgurl]
Yes, but the residents INSIDE the covenant are claiming LESS income than CV and it is MORE expensive to live inside the covenant than CV due to high HOA dues, grounds maintenance, utilities, etc. I don’t think they’re paying all these expenses with their good looks, ocrenter.This leads me to believe that the covenant residents’ outstanding mortgages overall are smaller than those of CV (40-50% of LESS income is LESS mtg pymt). At the same time, the properties inside the covenant are worth far more than CV (92130). This would lead one to believe that the homeowners inside the covenant have a higher net worth than those of CV.[/quote]
You were asking how many in the Covenant have their mortgages paid off. and my implied answer is probably the same amount as the couple of CV tracts.
I didn’t say anything about their net worth, but did infer with prior comment that they are likely more “old money” which essentially means they do have higher net worth.
Another key issue here is folks in the Covenant are probably more likely to be business owners, who will likely have the ability to write off a lot more deductions, thereby makes it seem like they have less income. While CV owners are probably more likely to be professionals getting W2’s and therefore can’t really hide their income as well. That is just a guess on my part.
Participant[quote=bearishgurl]
Yes, but the residents INSIDE the covenant are claiming LESS income than CV and it is MORE expensive to live inside the covenant than CV due to high HOA dues, grounds maintenance, utilities, etc. I don’t think they’re paying all these expenses with their good looks, ocrenter.This leads me to believe that the covenant residents’ outstanding mortgages overall are smaller than those of CV (40-50% of LESS income is LESS mtg pymt). At the same time, the properties inside the covenant are worth far more than CV (92130). This would lead one to believe that the homeowners inside the covenant have a higher net worth than those of CV.[/quote]
You were asking how many in the Covenant have their mortgages paid off. and my implied answer is probably the same amount as the couple of CV tracts.
I didn’t say anything about their net worth, but did infer with prior comment that they are likely more “old money” which essentially means they do have higher net worth.
Another key issue here is folks in the Covenant are probably more likely to be business owners, who will likely have the ability to write off a lot more deductions, thereby makes it seem like they have less income. While CV owners are probably more likely to be professionals getting W2’s and therefore can’t really hide their income as well. That is just a guess on my part.
Participant[quote=bearishgurl]
Yes, but the residents INSIDE the covenant are claiming LESS income than CV and it is MORE expensive to live inside the covenant than CV due to high HOA dues, grounds maintenance, utilities, etc. I don’t think they’re paying all these expenses with their good looks, ocrenter.This leads me to believe that the covenant residents’ outstanding mortgages overall are smaller than those of CV (40-50% of LESS income is LESS mtg pymt). At the same time, the properties inside the covenant are worth far more than CV (92130). This would lead one to believe that the homeowners inside the covenant have a higher net worth than those of CV.[/quote]
You were asking how many in the Covenant have their mortgages paid off. and my implied answer is probably the same amount as the couple of CV tracts.
I didn’t say anything about their net worth, but did infer with prior comment that they are likely more “old money” which essentially means they do have higher net worth.
Another key issue here is folks in the Covenant are probably more likely to be business owners, who will likely have the ability to write off a lot more deductions, thereby makes it seem like they have less income. While CV owners are probably more likely to be professionals getting W2’s and therefore can’t really hide their income as well. That is just a guess on my part.
Participant[quote=bearishgurl]
Yes, but the residents INSIDE the covenant are claiming LESS income than CV and it is MORE expensive to live inside the covenant than CV due to high HOA dues, grounds maintenance, utilities, etc. I don’t think they’re paying all these expenses with their good looks, ocrenter.This leads me to believe that the covenant residents’ outstanding mortgages overall are smaller than those of CV (40-50% of LESS income is LESS mtg pymt). At the same time, the properties inside the covenant are worth far more than CV (92130). This would lead one to believe that the homeowners inside the covenant have a higher net worth than those of CV.[/quote]
You were asking how many in the Covenant have their mortgages paid off. and my implied answer is probably the same amount as the couple of CV tracts.
I didn’t say anything about their net worth, but did infer with prior comment that they are likely more “old money” which essentially means they do have higher net worth.
Another key issue here is folks in the Covenant are probably more likely to be business owners, who will likely have the ability to write off a lot more deductions, thereby makes it seem like they have less income. While CV owners are probably more likely to be professionals getting W2’s and therefore can’t really hide their income as well. That is just a guess on my part.
Participant[quote=bearishgurl]
Yes, but the residents INSIDE the covenant are claiming LESS income than CV and it is MORE expensive to live inside the covenant than CV due to high HOA dues, grounds maintenance, utilities, etc. I don’t think they’re paying all these expenses with their good looks, ocrenter.This leads me to believe that the covenant residents’ outstanding mortgages overall are smaller than those of CV (40-50% of LESS income is LESS mtg pymt). At the same time, the properties inside the covenant are worth far more than CV (92130). This would lead one to believe that the homeowners inside the covenant have a higher net worth than those of CV.[/quote]
You were asking how many in the Covenant have their mortgages paid off. and my implied answer is probably the same amount as the couple of CV tracts.
I didn’t say anything about their net worth, but did infer with prior comment that they are likely more “old money” which essentially means they do have higher net worth.
Another key issue here is folks in the Covenant are probably more likely to be business owners, who will likely have the ability to write off a lot more deductions, thereby makes it seem like they have less income. While CV owners are probably more likely to be professionals getting W2’s and therefore can’t really hide their income as well. That is just a guess on my part.
Participant[quote=bearishgurl][quote=ocrenter]certainly. I think that’s the real reason why the couple of CV tracts actually surpassed RSF Covenant as well as Fairbank Ranch . . . [/quote]
I’d like to know what percentage of properties located INSIDE the covenant are paid off as opposed to the percentage paid off in CV (92130).
And, how many homeowners INSIDE the covenant have total encumbrances of <=$150K against their properties as opposed to CV?? These answers may not be very easy to obtain but will surely tell the tale, here :=][/quote] you can infer some of that by looking at the % with over 30% of income going to mortgage. and the Covenant vs the north CV tracts are really of no difference, all are within the 40-50% mark. And that doesn't really mean much as it simply means rich folks defer paying off their mortgage secondary to tax benefits.
Participant[quote=bearishgurl][quote=ocrenter]certainly. I think that’s the real reason why the couple of CV tracts actually surpassed RSF Covenant as well as Fairbank Ranch . . . [/quote]
I’d like to know what percentage of properties located INSIDE the covenant are paid off as opposed to the percentage paid off in CV (92130).
And, how many homeowners INSIDE the covenant have total encumbrances of <=$150K against their properties as opposed to CV?? These answers may not be very easy to obtain but will surely tell the tale, here :=][/quote] you can infer some of that by looking at the % with over 30% of income going to mortgage. and the Covenant vs the north CV tracts are really of no difference, all are within the 40-50% mark. And that doesn't really mean much as it simply means rich folks defer paying off their mortgage secondary to tax benefits.
Participant[quote=bearishgurl][quote=ocrenter]certainly. I think that’s the real reason why the couple of CV tracts actually surpassed RSF Covenant as well as Fairbank Ranch . . . [/quote]
I’d like to know what percentage of properties located INSIDE the covenant are paid off as opposed to the percentage paid off in CV (92130).
And, how many homeowners INSIDE the covenant have total encumbrances of <=$150K against their properties as opposed to CV?? These answers may not be very easy to obtain but will surely tell the tale, here :=][/quote] you can infer some of that by looking at the % with over 30% of income going to mortgage. and the Covenant vs the north CV tracts are really of no difference, all are within the 40-50% mark. And that doesn't really mean much as it simply means rich folks defer paying off their mortgage secondary to tax benefits.
Participant[quote=bearishgurl][quote=ocrenter]certainly. I think that’s the real reason why the couple of CV tracts actually surpassed RSF Covenant as well as Fairbank Ranch . . . [/quote]
I’d like to know what percentage of properties located INSIDE the covenant are paid off as opposed to the percentage paid off in CV (92130).
And, how many homeowners INSIDE the covenant have total encumbrances of <=$150K against their properties as opposed to CV?? These answers may not be very easy to obtain but will surely tell the tale, here :=][/quote] you can infer some of that by looking at the % with over 30% of income going to mortgage. and the Covenant vs the north CV tracts are really of no difference, all are within the 40-50% mark. And that doesn't really mean much as it simply means rich folks defer paying off their mortgage secondary to tax benefits.
Participant[quote=bearishgurl][quote=ocrenter]certainly. I think that’s the real reason why the couple of CV tracts actually surpassed RSF Covenant as well as Fairbank Ranch . . . [/quote]
I’d like to know what percentage of properties located INSIDE the covenant are paid off as opposed to the percentage paid off in CV (92130).
And, how many homeowners INSIDE the covenant have total encumbrances of <=$150K against their properties as opposed to CV?? These answers may not be very easy to obtain but will surely tell the tale, here :=][/quote] you can infer some of that by looking at the % with over 30% of income going to mortgage. and the Covenant vs the north CV tracts are really of no difference, all are within the 40-50% mark. And that doesn't really mean much as it simply means rich folks defer paying off their mortgage secondary to tax benefits.
Participantanother interesting phenomonon as I play with the maps.
If I change the map to Asians, all of the sudden I would see an island of highly concentrated Asians at 40-50%, turns out of course it is a census tract covering a major university.
Unfortunately when I change the map to Blacks, all of the sudden I would see an island of highly concentrated population, which unfortunately is a census tract for a major incarceration facility.
Participantanother interesting phenomonon as I play with the maps.
If I change the map to Asians, all of the sudden I would see an island of highly concentrated Asians at 40-50%, turns out of course it is a census tract covering a major university.
Unfortunately when I change the map to Blacks, all of the sudden I would see an island of highly concentrated population, which unfortunately is a census tract for a major incarceration facility.
Participantanother interesting phenomonon as I play with the maps.
If I change the map to Asians, all of the sudden I would see an island of highly concentrated Asians at 40-50%, turns out of course it is a census tract covering a major university.
Unfortunately when I change the map to Blacks, all of the sudden I would see an island of highly concentrated population, which unfortunately is a census tract for a major incarceration facility.
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