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ocrenter
Participant[quote=briansd1]
If it’s tax free, they wouldn’t get Social Security in old age.[/quote]by the time they are old, there would not be any Social Security.
I’m certainly not planning my retirement with Social Security in mind, I fully expect that to have imploded well before I retire.
ocrenter
Participantlooks like the going rate is $100/per day. which is the same as a day labor. assuming the husband is a day labor and the wife is a cleaning lady, that’s $200/day, x 25 days, that’s $5000 a month, tax free.
even thought $60k doesn’t seem like much, this equals a working couple making $80k but paying taxes.
ocrenter
Participantlooks like the going rate is $100/per day. which is the same as a day labor. assuming the husband is a day labor and the wife is a cleaning lady, that’s $200/day, x 25 days, that’s $5000 a month, tax free.
even thought $60k doesn’t seem like much, this equals a working couple making $80k but paying taxes.
ocrenter
Participantlooks like the going rate is $100/per day. which is the same as a day labor. assuming the husband is a day labor and the wife is a cleaning lady, that’s $200/day, x 25 days, that’s $5000 a month, tax free.
even thought $60k doesn’t seem like much, this equals a working couple making $80k but paying taxes.
ocrenter
Participantlooks like the going rate is $100/per day. which is the same as a day labor. assuming the husband is a day labor and the wife is a cleaning lady, that’s $200/day, x 25 days, that’s $5000 a month, tax free.
even thought $60k doesn’t seem like much, this equals a working couple making $80k but paying taxes.
ocrenter
Participantlooks like the going rate is $100/per day. which is the same as a day labor. assuming the husband is a day labor and the wife is a cleaning lady, that’s $200/day, x 25 days, that’s $5000 a month, tax free.
even thought $60k doesn’t seem like much, this equals a working couple making $80k but paying taxes.
ocrenter
Participant[quote=kcal09]We visited both “Andalusia” and “Monteluz” today and were surprised how many of the homes have been already sold since January. “Monteluz” current phase is completely sold out and the sales people didn’t even bother to say hello. Business must be going well! Most of the models had only one bathroom upstairs for 3 bedrooms to share. The standard materials look cheap and are below average quality. One definitely has to add a lot of upgrades to make the homes a little nicer. This will probably add another $100k to the purchase price.[/quote]
seems like that’s the strategy these days. try to go as bare bone as possible, and hit you with the upgrade cost. gone are the days when the builder threw in a lot of extras in their effort to get you to spend $200-$300k more than the house was worth.
remember, it is far cheaper to rip off the carpet and replace, take the vinyl option where you want future tile or stone as those can go right on top of the vinyl. ask good questions like what kind of insulation are you putting in. chances are they are also going cheap here. here’s where you have to spend the extra to have them put in the good stuff, can’t exactly go ripping into walls.
ocrenter
Participant[quote=kcal09]We visited both “Andalusia” and “Monteluz” today and were surprised how many of the homes have been already sold since January. “Monteluz” current phase is completely sold out and the sales people didn’t even bother to say hello. Business must be going well! Most of the models had only one bathroom upstairs for 3 bedrooms to share. The standard materials look cheap and are below average quality. One definitely has to add a lot of upgrades to make the homes a little nicer. This will probably add another $100k to the purchase price.[/quote]
seems like that’s the strategy these days. try to go as bare bone as possible, and hit you with the upgrade cost. gone are the days when the builder threw in a lot of extras in their effort to get you to spend $200-$300k more than the house was worth.
remember, it is far cheaper to rip off the carpet and replace, take the vinyl option where you want future tile or stone as those can go right on top of the vinyl. ask good questions like what kind of insulation are you putting in. chances are they are also going cheap here. here’s where you have to spend the extra to have them put in the good stuff, can’t exactly go ripping into walls.
ocrenter
Participant[quote=kcal09]We visited both “Andalusia” and “Monteluz” today and were surprised how many of the homes have been already sold since January. “Monteluz” current phase is completely sold out and the sales people didn’t even bother to say hello. Business must be going well! Most of the models had only one bathroom upstairs for 3 bedrooms to share. The standard materials look cheap and are below average quality. One definitely has to add a lot of upgrades to make the homes a little nicer. This will probably add another $100k to the purchase price.[/quote]
seems like that’s the strategy these days. try to go as bare bone as possible, and hit you with the upgrade cost. gone are the days when the builder threw in a lot of extras in their effort to get you to spend $200-$300k more than the house was worth.
remember, it is far cheaper to rip off the carpet and replace, take the vinyl option where you want future tile or stone as those can go right on top of the vinyl. ask good questions like what kind of insulation are you putting in. chances are they are also going cheap here. here’s where you have to spend the extra to have them put in the good stuff, can’t exactly go ripping into walls.
ocrenter
Participant[quote=kcal09]We visited both “Andalusia” and “Monteluz” today and were surprised how many of the homes have been already sold since January. “Monteluz” current phase is completely sold out and the sales people didn’t even bother to say hello. Business must be going well! Most of the models had only one bathroom upstairs for 3 bedrooms to share. The standard materials look cheap and are below average quality. One definitely has to add a lot of upgrades to make the homes a little nicer. This will probably add another $100k to the purchase price.[/quote]
seems like that’s the strategy these days. try to go as bare bone as possible, and hit you with the upgrade cost. gone are the days when the builder threw in a lot of extras in their effort to get you to spend $200-$300k more than the house was worth.
remember, it is far cheaper to rip off the carpet and replace, take the vinyl option where you want future tile or stone as those can go right on top of the vinyl. ask good questions like what kind of insulation are you putting in. chances are they are also going cheap here. here’s where you have to spend the extra to have them put in the good stuff, can’t exactly go ripping into walls.
ocrenter
Participant[quote=kcal09]We visited both “Andalusia” and “Monteluz” today and were surprised how many of the homes have been already sold since January. “Monteluz” current phase is completely sold out and the sales people didn’t even bother to say hello. Business must be going well! Most of the models had only one bathroom upstairs for 3 bedrooms to share. The standard materials look cheap and are below average quality. One definitely has to add a lot of upgrades to make the homes a little nicer. This will probably add another $100k to the purchase price.[/quote]
seems like that’s the strategy these days. try to go as bare bone as possible, and hit you with the upgrade cost. gone are the days when the builder threw in a lot of extras in their effort to get you to spend $200-$300k more than the house was worth.
remember, it is far cheaper to rip off the carpet and replace, take the vinyl option where you want future tile or stone as those can go right on top of the vinyl. ask good questions like what kind of insulation are you putting in. chances are they are also going cheap here. here’s where you have to spend the extra to have them put in the good stuff, can’t exactly go ripping into walls.
ocrenter
Participantlooks like this guy went down the typical path to the real estate bust:
purchased and flipped a 2700 sqft home in Chula Vista within 16 months for $150k profit.
purchased and flipped another 2800 sqft home in Chula Vista within 6 months for $170k profit.
both homes were sold in January of 2003, within a couple of weeks of each other.
The profits of course went to his move up mansion in Bonita at 4200 sqft, purchased in January of 2003 for $850k. there’s a nice pool and spa with a built in water slide, looks pretty updated, he probably put that in after his purchase.
Looks like the home went to foreclosure in January of 2009 and was picked up by a buyer in April of ’09 for $618k.
ocrenter
Participantlooks like this guy went down the typical path to the real estate bust:
purchased and flipped a 2700 sqft home in Chula Vista within 16 months for $150k profit.
purchased and flipped another 2800 sqft home in Chula Vista within 6 months for $170k profit.
both homes were sold in January of 2003, within a couple of weeks of each other.
The profits of course went to his move up mansion in Bonita at 4200 sqft, purchased in January of 2003 for $850k. there’s a nice pool and spa with a built in water slide, looks pretty updated, he probably put that in after his purchase.
Looks like the home went to foreclosure in January of 2009 and was picked up by a buyer in April of ’09 for $618k.
ocrenter
Participantlooks like this guy went down the typical path to the real estate bust:
purchased and flipped a 2700 sqft home in Chula Vista within 16 months for $150k profit.
purchased and flipped another 2800 sqft home in Chula Vista within 6 months for $170k profit.
both homes were sold in January of 2003, within a couple of weeks of each other.
The profits of course went to his move up mansion in Bonita at 4200 sqft, purchased in January of 2003 for $850k. there’s a nice pool and spa with a built in water slide, looks pretty updated, he probably put that in after his purchase.
Looks like the home went to foreclosure in January of 2009 and was picked up by a buyer in April of ’09 for $618k.
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