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ocrenter
Participant[quote=DataAgent][quote=ocrenter][quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.[/quote]
Clairemont is only 2 miles from La Jolla. Should a La Jolla home sell for 3X the price of a similar Clairemont home?[/quote]
how are Clairemont schools in comparison to La Jolla schools?
Participantthe 7 mile comment is regarding the difference in distance between the two homes I previously linked.
another issue about CV is most folks end up driving to Carmel Mountain Ranch for their shopping, ie Costco, or Mira Mesa for their Home Depot. it isn’t the most convenient neighborhood.
here’s another couple of CV vs 4S homes:
http://www.sdlookup.com/MLS-090067668-11419_Mustang_Ridge_Dr_San_Diego_CA_92130
http://www.sdlookup.com/MLS-090057398-16253_Pinto_Ridge_Dr_San_Diego_CA_92127
the 4S home is slightly bigger at 3800 vs 3500 for the CV home, both are standard tract homes on standard sized lots, the 4S one has a nice pool + spa. the CV home is almost half a million pricier. Yes, the commute is 15 minutes less, yes, you are saving $50 on gas every month, yes, you don’t need the AC in the summer… but seriously, half a million difference?
Participantthe 7 mile comment is regarding the difference in distance between the two homes I previously linked.
another issue about CV is most folks end up driving to Carmel Mountain Ranch for their shopping, ie Costco, or Mira Mesa for their Home Depot. it isn’t the most convenient neighborhood.
here’s another couple of CV vs 4S homes:
http://www.sdlookup.com/MLS-090067668-11419_Mustang_Ridge_Dr_San_Diego_CA_92130
http://www.sdlookup.com/MLS-090057398-16253_Pinto_Ridge_Dr_San_Diego_CA_92127
the 4S home is slightly bigger at 3800 vs 3500 for the CV home, both are standard tract homes on standard sized lots, the 4S one has a nice pool + spa. the CV home is almost half a million pricier. Yes, the commute is 15 minutes less, yes, you are saving $50 on gas every month, yes, you don’t need the AC in the summer… but seriously, half a million difference?
Participantthe 7 mile comment is regarding the difference in distance between the two homes I previously linked.
another issue about CV is most folks end up driving to Carmel Mountain Ranch for their shopping, ie Costco, or Mira Mesa for their Home Depot. it isn’t the most convenient neighborhood.
here’s another couple of CV vs 4S homes:
http://www.sdlookup.com/MLS-090067668-11419_Mustang_Ridge_Dr_San_Diego_CA_92130
http://www.sdlookup.com/MLS-090057398-16253_Pinto_Ridge_Dr_San_Diego_CA_92127
the 4S home is slightly bigger at 3800 vs 3500 for the CV home, both are standard tract homes on standard sized lots, the 4S one has a nice pool + spa. the CV home is almost half a million pricier. Yes, the commute is 15 minutes less, yes, you are saving $50 on gas every month, yes, you don’t need the AC in the summer… but seriously, half a million difference?
Participantthe 7 mile comment is regarding the difference in distance between the two homes I previously linked.
another issue about CV is most folks end up driving to Carmel Mountain Ranch for their shopping, ie Costco, or Mira Mesa for their Home Depot. it isn’t the most convenient neighborhood.
here’s another couple of CV vs 4S homes:
http://www.sdlookup.com/MLS-090067668-11419_Mustang_Ridge_Dr_San_Diego_CA_92130
http://www.sdlookup.com/MLS-090057398-16253_Pinto_Ridge_Dr_San_Diego_CA_92127
the 4S home is slightly bigger at 3800 vs 3500 for the CV home, both are standard tract homes on standard sized lots, the 4S one has a nice pool + spa. the CV home is almost half a million pricier. Yes, the commute is 15 minutes less, yes, you are saving $50 on gas every month, yes, you don’t need the AC in the summer… but seriously, half a million difference?
Participantthe 7 mile comment is regarding the difference in distance between the two homes I previously linked.
another issue about CV is most folks end up driving to Carmel Mountain Ranch for their shopping, ie Costco, or Mira Mesa for their Home Depot. it isn’t the most convenient neighborhood.
here’s another couple of CV vs 4S homes:
http://www.sdlookup.com/MLS-090067668-11419_Mustang_Ridge_Dr_San_Diego_CA_92130
http://www.sdlookup.com/MLS-090057398-16253_Pinto_Ridge_Dr_San_Diego_CA_92127
the 4S home is slightly bigger at 3800 vs 3500 for the CV home, both are standard tract homes on standard sized lots, the 4S one has a nice pool + spa. the CV home is almost half a million pricier. Yes, the commute is 15 minutes less, yes, you are saving $50 on gas every month, yes, you don’t need the AC in the summer… but seriously, half a million difference?
Participant[quote=Eugene]
“quarter million” is not a particularly useful metric. You are paying a quarter million more today, and you’ll get that quarter million back later when you sell. You need to do the cost-benefit analysis properly.
In favor of 4S:
– interest and property taxes on 240K price difference, less taxes: ~$700/monthIn favor of CV:
– Lower Mello-Roos: $300/month
– Lower heating and cooling costs: I’ll guess $100/month
– Lower gasoline expenses: 20 gallons/month = ~$60/month, assuming that the job is somewhere in Sorrento Valley or UTC; times two if it’s a double-income family
– Shorter commute (at least 30 min./day)
– Cooler summers and warmer wintersIt seems to me, if your income is high enough that you can comfortably afford CV, there’s no good reason not to pay additional $240/month (or even less) to improve your quality of life.[/quote]
#1, you may not get that difference back. you are looking at 4S at significantly depressed price point when Carmel Valley is still without significant drop. historically the Carmel Valley/RB difference for a similar home was only $100k in CV’s favor prior to the bubble. that price differential will eventually be restored.
#2, CV is cold, in the morning year round, and really not much warmer compared to 4S/RB. so I would question cheaper heating. definately on the cooler summers that’s for sure. I would say at best $50/month in CV’s favor.
#3, 4S is just 7 miles inland, roundtrip we are looking at 14 miles daily if someone works at UTC/serranto valley. 20 work days = 280 miles, say an average car at 25 mpg, that’ works out to 11 extra gallons, or $33 in CV’s favor.
#4, as much as the official word is the mello roos is not deductible, people do deduct it, 33% off the difference.
$700 – $283 = $417
that’s a car payment. and you get to live in a bigger house with a bigger yard.
Participant[quote=Eugene]
“quarter million” is not a particularly useful metric. You are paying a quarter million more today, and you’ll get that quarter million back later when you sell. You need to do the cost-benefit analysis properly.
In favor of 4S:
– interest and property taxes on 240K price difference, less taxes: ~$700/monthIn favor of CV:
– Lower Mello-Roos: $300/month
– Lower heating and cooling costs: I’ll guess $100/month
– Lower gasoline expenses: 20 gallons/month = ~$60/month, assuming that the job is somewhere in Sorrento Valley or UTC; times two if it’s a double-income family
– Shorter commute (at least 30 min./day)
– Cooler summers and warmer wintersIt seems to me, if your income is high enough that you can comfortably afford CV, there’s no good reason not to pay additional $240/month (or even less) to improve your quality of life.[/quote]
#1, you may not get that difference back. you are looking at 4S at significantly depressed price point when Carmel Valley is still without significant drop. historically the Carmel Valley/RB difference for a similar home was only $100k in CV’s favor prior to the bubble. that price differential will eventually be restored.
#2, CV is cold, in the morning year round, and really not much warmer compared to 4S/RB. so I would question cheaper heating. definately on the cooler summers that’s for sure. I would say at best $50/month in CV’s favor.
#3, 4S is just 7 miles inland, roundtrip we are looking at 14 miles daily if someone works at UTC/serranto valley. 20 work days = 280 miles, say an average car at 25 mpg, that’ works out to 11 extra gallons, or $33 in CV’s favor.
#4, as much as the official word is the mello roos is not deductible, people do deduct it, 33% off the difference.
$700 – $283 = $417
that’s a car payment. and you get to live in a bigger house with a bigger yard.
Participant[quote=Eugene]
“quarter million” is not a particularly useful metric. You are paying a quarter million more today, and you’ll get that quarter million back later when you sell. You need to do the cost-benefit analysis properly.
In favor of 4S:
– interest and property taxes on 240K price difference, less taxes: ~$700/monthIn favor of CV:
– Lower Mello-Roos: $300/month
– Lower heating and cooling costs: I’ll guess $100/month
– Lower gasoline expenses: 20 gallons/month = ~$60/month, assuming that the job is somewhere in Sorrento Valley or UTC; times two if it’s a double-income family
– Shorter commute (at least 30 min./day)
– Cooler summers and warmer wintersIt seems to me, if your income is high enough that you can comfortably afford CV, there’s no good reason not to pay additional $240/month (or even less) to improve your quality of life.[/quote]
#1, you may not get that difference back. you are looking at 4S at significantly depressed price point when Carmel Valley is still without significant drop. historically the Carmel Valley/RB difference for a similar home was only $100k in CV’s favor prior to the bubble. that price differential will eventually be restored.
#2, CV is cold, in the morning year round, and really not much warmer compared to 4S/RB. so I would question cheaper heating. definately on the cooler summers that’s for sure. I would say at best $50/month in CV’s favor.
#3, 4S is just 7 miles inland, roundtrip we are looking at 14 miles daily if someone works at UTC/serranto valley. 20 work days = 280 miles, say an average car at 25 mpg, that’ works out to 11 extra gallons, or $33 in CV’s favor.
#4, as much as the official word is the mello roos is not deductible, people do deduct it, 33% off the difference.
$700 – $283 = $417
that’s a car payment. and you get to live in a bigger house with a bigger yard.
Participant[quote=Eugene]
“quarter million” is not a particularly useful metric. You are paying a quarter million more today, and you’ll get that quarter million back later when you sell. You need to do the cost-benefit analysis properly.
In favor of 4S:
– interest and property taxes on 240K price difference, less taxes: ~$700/monthIn favor of CV:
– Lower Mello-Roos: $300/month
– Lower heating and cooling costs: I’ll guess $100/month
– Lower gasoline expenses: 20 gallons/month = ~$60/month, assuming that the job is somewhere in Sorrento Valley or UTC; times two if it’s a double-income family
– Shorter commute (at least 30 min./day)
– Cooler summers and warmer wintersIt seems to me, if your income is high enough that you can comfortably afford CV, there’s no good reason not to pay additional $240/month (or even less) to improve your quality of life.[/quote]
#1, you may not get that difference back. you are looking at 4S at significantly depressed price point when Carmel Valley is still without significant drop. historically the Carmel Valley/RB difference for a similar home was only $100k in CV’s favor prior to the bubble. that price differential will eventually be restored.
#2, CV is cold, in the morning year round, and really not much warmer compared to 4S/RB. so I would question cheaper heating. definately on the cooler summers that’s for sure. I would say at best $50/month in CV’s favor.
#3, 4S is just 7 miles inland, roundtrip we are looking at 14 miles daily if someone works at UTC/serranto valley. 20 work days = 280 miles, say an average car at 25 mpg, that’ works out to 11 extra gallons, or $33 in CV’s favor.
#4, as much as the official word is the mello roos is not deductible, people do deduct it, 33% off the difference.
$700 – $283 = $417
that’s a car payment. and you get to live in a bigger house with a bigger yard.
Participant[quote=Eugene]
“quarter million” is not a particularly useful metric. You are paying a quarter million more today, and you’ll get that quarter million back later when you sell. You need to do the cost-benefit analysis properly.
In favor of 4S:
– interest and property taxes on 240K price difference, less taxes: ~$700/monthIn favor of CV:
– Lower Mello-Roos: $300/month
– Lower heating and cooling costs: I’ll guess $100/month
– Lower gasoline expenses: 20 gallons/month = ~$60/month, assuming that the job is somewhere in Sorrento Valley or UTC; times two if it’s a double-income family
– Shorter commute (at least 30 min./day)
– Cooler summers and warmer wintersIt seems to me, if your income is high enough that you can comfortably afford CV, there’s no good reason not to pay additional $240/month (or even less) to improve your quality of life.[/quote]
#1, you may not get that difference back. you are looking at 4S at significantly depressed price point when Carmel Valley is still without significant drop. historically the Carmel Valley/RB difference for a similar home was only $100k in CV’s favor prior to the bubble. that price differential will eventually be restored.
#2, CV is cold, in the morning year round, and really not much warmer compared to 4S/RB. so I would question cheaper heating. definately on the cooler summers that’s for sure. I would say at best $50/month in CV’s favor.
#3, 4S is just 7 miles inland, roundtrip we are looking at 14 miles daily if someone works at UTC/serranto valley. 20 work days = 280 miles, say an average car at 25 mpg, that’ works out to 11 extra gallons, or $33 in CV’s favor.
#4, as much as the official word is the mello roos is not deductible, people do deduct it, 33% off the difference.
$700 – $283 = $417
that’s a car payment. and you get to live in a bigger house with a bigger yard.
Participant[quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.
Participant[quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.
Participant[quote=DataAgent]
Location, location, location.[/quote]
obviously, but the price difference doesn’t justify the difference in location.
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