[ocrenter]

[quote=paramount]

Commuting for most is the fly in the ointment when it comes to Temecula. For me it’s 45 miles down and 45 miles back…day in, day out, day in, day out, n!

Believe me, it gets old.[/quote]

it doesn’t just get old, it becomes extremely unhealthy.

just look at it this way, you are looking at essentially 2 hours everyday gone. And that’s on top of 8 hours at work.

One way to look at it is you have devoted 10 hours for your work but only got paid for 8 hours.

But another way to look at it is that was 2 hours you could have spend exercising and staying fit.

Not to revive the obesity topic or to make any assumptions, but long commutes tend to be associated with poor health and increased girth.

[ocrenter]

[quote=paramount]

Commuting for most is the fly in the ointment when it comes to Temecula. For me it’s 45 miles down and 45 miles back…day in, day out, day in, day out, n!

Believe me, it gets old.[/quote]

it doesn’t just get old, it becomes extremely unhealthy.

just look at it this way, you are looking at essentially 2 hours everyday gone. And that’s on top of 8 hours at work.

One way to look at it is you have devoted 10 hours for your work but only got paid for 8 hours.

But another way to look at it is that was 2 hours you could have spend exercising and staying fit.

Not to revive the obesity topic or to make any assumptions, but long commutes tend to be associated with poor health and increased girth.

[ocrenter]

[quote=deadzone]In “premium” areas of SD rent is still way less than Mortgage/HOA/Tax even with 4.5% rates.

I definitely agree that $200/sqft is getting near bottom for premium area, but we are nowhere near that today. Maybe we have different definition of premium (mine is coastal SD). Anything approaching $200/sq foot is a dump.[/quote]

My definition is definitely not limited to the coast. I think east Carlsbad, Santaluz, Crosby, Cielo, 4S’s Ivy Gate, SantaFe Valley near 4S, south of Pomerado in Scripps, larger homes in Stonebridge, and a large number of homes in gated communities in Poway, especially north Poway are all within the league of premium without having to be coastal.

A lot of these areas are very new, and therefore not well established. There are also a lot of distressed properties amongst them. Both of these factors can turn a lot of folks off. But that also means opportunities, dramatic bargains can be found. Of course, if one’s not careful, it is still very possible to overpay in these areas as well.

As for coastal premium. That’s another story. I think JTR and PowaySeller had a huge debate about that back in the days. I’m more in the camp that coastal premium is unlikely to see significant drop. Rather, it’ll just stagnate in pricing until the rest of the market catch up at the next upturn.

[ocrenter]

[quote=deadzone]In “premium” areas of SD rent is still way less than Mortgage/HOA/Tax even with 4.5% rates.

I definitely agree that $200/sqft is getting near bottom for premium area, but we are nowhere near that today. Maybe we have different definition of premium (mine is coastal SD). Anything approaching $200/sq foot is a dump.[/quote]

My definition is definitely not limited to the coast. I think east Carlsbad, Santaluz, Crosby, Cielo, 4S’s Ivy Gate, SantaFe Valley near 4S, south of Pomerado in Scripps, larger homes in Stonebridge, and a large number of homes in gated communities in Poway, especially north Poway are all within the league of premium without having to be coastal.

A lot of these areas are very new, and therefore not well established. There are also a lot of distressed properties amongst them. Both of these factors can turn a lot of folks off. But that also means opportunities, dramatic bargains can be found. Of course, if one’s not careful, it is still very possible to overpay in these areas as well.

As for coastal premium. That’s another story. I think JTR and PowaySeller had a huge debate about that back in the days. I’m more in the camp that coastal premium is unlikely to see significant drop. Rather, it’ll just stagnate in pricing until the rest of the market catch up at the next upturn.

[ocrenter]

[quote=deadzone]In “premium” areas of SD rent is still way less than Mortgage/HOA/Tax even with 4.5% rates.

I definitely agree that $200/sqft is getting near bottom for premium area, but we are nowhere near that today. Maybe we have different definition of premium (mine is coastal SD). Anything approaching $200/sq foot is a dump.[/quote]

My definition is definitely not limited to the coast. I think east Carlsbad, Santaluz, Crosby, Cielo, 4S’s Ivy Gate, SantaFe Valley near 4S, south of Pomerado in Scripps, larger homes in Stonebridge, and a large number of homes in gated communities in Poway, especially north Poway are all within the league of premium without having to be coastal.

A lot of these areas are very new, and therefore not well established. There are also a lot of distressed properties amongst them. Both of these factors can turn a lot of folks off. But that also means opportunities, dramatic bargains can be found. Of course, if one’s not careful, it is still very possible to overpay in these areas as well.

As for coastal premium. That’s another story. I think JTR and PowaySeller had a huge debate about that back in the days. I’m more in the camp that coastal premium is unlikely to see significant drop. Rather, it’ll just stagnate in pricing until the rest of the market catch up at the next upturn.

[ocrenter]

[quote=deadzone]In “premium” areas of SD rent is still way less than Mortgage/HOA/Tax even with 4.5% rates.

I definitely agree that $200/sqft is getting near bottom for premium area, but we are nowhere near that today. Maybe we have different definition of premium (mine is coastal SD). Anything approaching $200/sq foot is a dump.[/quote]

My definition is definitely not limited to the coast. I think east Carlsbad, Santaluz, Crosby, Cielo, 4S’s Ivy Gate, SantaFe Valley near 4S, south of Pomerado in Scripps, larger homes in Stonebridge, and a large number of homes in gated communities in Poway, especially north Poway are all within the league of premium without having to be coastal.

A lot of these areas are very new, and therefore not well established. There are also a lot of distressed properties amongst them. Both of these factors can turn a lot of folks off. But that also means opportunities, dramatic bargains can be found. Of course, if one’s not careful, it is still very possible to overpay in these areas as well.

As for coastal premium. That’s another story. I think JTR and PowaySeller had a huge debate about that back in the days. I’m more in the camp that coastal premium is unlikely to see significant drop. Rather, it’ll just stagnate in pricing until the rest of the market catch up at the next upturn.

[ocrenter]

[quote=deadzone]In “premium” areas of SD rent is still way less than Mortgage/HOA/Tax even with 4.5% rates.

I definitely agree that $200/sqft is getting near bottom for premium area, but we are nowhere near that today. Maybe we have different definition of premium (mine is coastal SD). Anything approaching $200/sq foot is a dump.[/quote]

My definition is definitely not limited to the coast. I think east Carlsbad, Santaluz, Crosby, Cielo, 4S’s Ivy Gate, SantaFe Valley near 4S, south of Pomerado in Scripps, larger homes in Stonebridge, and a large number of homes in gated communities in Poway, especially north Poway are all within the league of premium without having to be coastal.

A lot of these areas are very new, and therefore not well established. There are also a lot of distressed properties amongst them. Both of these factors can turn a lot of folks off. But that also means opportunities, dramatic bargains can be found. Of course, if one’s not careful, it is still very possible to overpay in these areas as well.

As for coastal premium. That’s another story. I think JTR and PowaySeller had a huge debate about that back in the days. I’m more in the camp that coastal premium is unlikely to see significant drop. Rather, it’ll just stagnate in pricing until the rest of the market catch up at the next upturn.

[ocrenter]

very easy to get 4.5% on jumbo conforming. (I just did).

I should have said $697k instead of $700k. =)

property tax is huge, but even with that plus HOA and mello roos, rates are so low that the monthly cost in a lot of cases would be below rental cost.

as for poss additional depreciation. depends on the location and price I suppose. if you are looking at near or over $300/sqft, I think you are right. closer to $200/sqft in a premium area in SD, I think that’s already very close to bottom.

[ocrenter]

very easy to get 4.5% on jumbo conforming. (I just did).

I should have said $697k instead of $700k. =)

property tax is huge, but even with that plus HOA and mello roos, rates are so low that the monthly cost in a lot of cases would be below rental cost.

as for poss additional depreciation. depends on the location and price I suppose. if you are looking at near or over $300/sqft, I think you are right. closer to $200/sqft in a premium area in SD, I think that’s already very close to bottom.

[ocrenter]

very easy to get 4.5% on jumbo conforming. (I just did).

I should have said $697k instead of $700k. =)

property tax is huge, but even with that plus HOA and mello roos, rates are so low that the monthly cost in a lot of cases would be below rental cost.

as for poss additional depreciation. depends on the location and price I suppose. if you are looking at near or over $300/sqft, I think you are right. closer to $200/sqft in a premium area in SD, I think that’s already very close to bottom.

[ocrenter]

very easy to get 4.5% on jumbo conforming. (I just did).

I should have said $697k instead of $700k. =)

property tax is huge, but even with that plus HOA and mello roos, rates are so low that the monthly cost in a lot of cases would be below rental cost.

as for poss additional depreciation. depends on the location and price I suppose. if you are looking at near or over $300/sqft, I think you are right. closer to $200/sqft in a premium area in SD, I think that’s already very close to bottom.

[ocrenter]

very easy to get 4.5% on jumbo conforming. (I just did).

I should have said $697k instead of $700k. =)

property tax is huge, but even with that plus HOA and mello roos, rates are so low that the monthly cost in a lot of cases would be below rental cost.

as for poss additional depreciation. depends on the location and price I suppose. if you are looking at near or over $300/sqft, I think you are right. closer to $200/sqft in a premium area in SD, I think that’s already very close to bottom.

[ocrenter]

with jumbo conforming at 4.5%, $700k loan at 30 years is just $3500! If someone is in the over 30% tax rate bracket, that $3500 then goes down to roughly $2700 after tax savings. people are getting nearly nothing out of their savings these days. So if there are folks sitting around with $300-400k of house money getting 1% interest, a nice $1.1 million house will certainly draw them out.

[ocrenter]

with jumbo conforming at 4.5%, $700k loan at 30 years is just $3500! If someone is in the over 30% tax rate bracket, that $3500 then goes down to roughly $2700 after tax savings. people are getting nearly nothing out of their savings these days. So if there are folks sitting around with $300-400k of house money getting 1% interest, a nice $1.1 million house will certainly draw them out.

[ocrenter]

with jumbo conforming at 4.5%, $700k loan at 30 years is just $3500! If someone is in the over 30% tax rate bracket, that $3500 then goes down to roughly $2700 after tax savings. people are getting nearly nothing out of their savings these days. So if there are folks sitting around with $300-400k of house money getting 1% interest, a nice $1.1 million house will certainly draw them out.

[Author]

Posts