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ocrenter
ParticipantER, Dolinka’s estimates is pretty much on target with my MR. So doubt you’ll get any surprises going with the estimate until you are ready to do the payoff.
I agree, the more I look into it, especially given PUSD’s recent funny business with bonds, the MR payoff makes a lot of sense for long term home owners.
ParticipantParticipantI don’t know, squat. I think it was already quite apparent how Romney view the little people. And while I would not say ALL one percenter believe half of the country are moochers, I do think a huge number of them do look at the poor as they are simply lazy.
We all know it is a whole lot easier to make money when you have money. The problem here is when you have money, you start to think the “ease” at which you make money is the “norm”. So if making money is relatively easy all of your life, then people that can’t make money must just not be trying, which translate to laziness.
Being in the 5 percenter group, we are especially well positioned to be able to see how tight that one-percent bubble is. At the same time, we are still grounded in the real world. This is why the Romney comment is not surprising to me at all. But I suppose this is why for the rest of the country, they are shocked that the one percenters would think this way.
To me, the real news is how people are actually shocked by what they heard.
ParticipantI recently checked into it, the lease was for 20 years, at rate of 7.5%.
It would make more sense to simply get a HELOC at 3% and purchase the system or “prepay the lease”.
Also, the electric bill is tiered, 15-17 cents for the first 450 kwh, 27-29 cents for anything after that. The solar companies will always quote you a system that would cover the entire bill. You may want to get a system that simply cover your usage past the 450 kwh mark.
ParticipantThis story bores me.
first off, is this really shocking to anyone that Romney or most one-percenter feel this way?
second off, he is speaking to a group of fellow one-percenters about how he will win, he is just speaking in terms they understand.
somebody simply videotaped something that we already knew.
kinda like how pictures from Mars showing… wow! Mars looks like a desert!
or… videos from the Middle East showing… wow! Muslims are angry their religion got insulted!
September 20, 2012 at 3:17 PM in reply to: Average water bill for single family house San Diego? #751628Participant[quote=guidosmom]I saw your post and had to reply, since the exact same thing happened to us. We live in a nice neighborhood in Burbank. After coming home from 2 weeks in Italy, our water bill was $400 over normal!!! I have been in person to the dwp, showed ticket and hotel receipts, even had a representative from the dwp come and check to see if the meter matched up with the bill. It does. We have no leaks anywhere. Given our fence situation, there is unfortunately only one conclusion we can come to, and that is that our neighbor (the only direct one with a pool) tapped into our water supply to fill his pool. He knew the dates we were gone, and I can see on the detailed bill that he did it the night after we left, and the evening before we came home. I mean, the water was on full blast for periods of 10 to 12 hours. But, not having any proof, there is nothing we can do. We can only draw conclusions. It’s really hard to accept this betrayal, since he’s been a neighbor for over 20 years![/quote]
stories like this just make you want to install some bad-ass security camera all around the perimeter. probably would cost about the same price as the cost of the stolen water.
Participant[quote=sdseeker]I just paid my Stonebridge estates Mello Roos today. The annual amount due on my tax bill was approximately $5100. According to the bond agency (or whomever it is that keeps all of this information) this would continue until at least Fiscal year 2034 but could be extended to 2051 if Poway School District issues new bonds. Also it is subject to the 2%/year increase which is all but guaranteed to be added each year. Well guess what, the PUSD is about to issue new debt so had I waited my payoff (Or conversely the term I would have to pay the MR) would be increased. I had to get the payment in by 9/21 to avoid having a higher payoff amount. The payoff was just shy of $57,000. No doubt if I sell in the next 10 years it will be hard to recoup all of this as has been pointed out. On the other hand it gives a pretty solid ROI even if the MR payment period had ended 2034 but looks even better since in all likelyhood the MR will stick with the property for another 30-40 years and increase 2%/year.
I cannot be sure this is a good decision but I will sleep a little better tonight knowing I am out from under this “forever” tax.[/quote]Very good info.
How did you find out PUSD is about to issue new bonds? Is there a link? Or was it at a board meeting? Thanks
Participant[quote=localguy]Update on Toll Brothers & Standard Pacific.
I did an informal count the other weekend and see that 21 of the Toll Brothers properties are sold or under contract. I see quite a few of the single story homes in the mix. Standard Pacific has sold a handful of homes as well. More traffic in the neighborhood as people scope out other homes for sell and/or distressed properties. I have some squatters next to me and quite a few drive bys stop and point. It reminds me of my strategy before I moved in.
Localguy[/quote]from the look of things, people certainly much prefer the new homes compared to the resales. I see a whole bunch of Tolls already closed essentially all at $1 million while plenty of resales with upgrades go for the same if not less. one thing is for sure, anyone in stonebridge that need to sell should wait until the builders are done.
Participant[quote=OntheSideLine]Thanks ocrenter…I was a former BMT reader and loved your blog…that is why we are buying…low interest rates makes this a once in a lifetime opportunity…we are planning to stay in this home for the long term.[/quote]
you’re right, another reason why they have already sold so many within just 3 weeks. it is actually quite fun planning and building up the landscape. you’ll have a blast!
Participant[quote=OntheSideLine]I wouldn’t mind resale except that there has been not been a resale in the area that I wanted that did not requisite floors to be redone, a different granite in the kitchen, newer appliances, and new paint….About. 40-50k and we didn’t even include cabinets. And the short sales/foreclosures always have shown signs of neglect…people who either didn’t want to take care of their homes or didn’t have the money to maintain…We figured Mission Ranch is about 100k overpriced but we can pick everything we want and slowly do upgrades….planning to take standard flooring and then replace later. We are mainly going to do structural upgrades with builder and do cosmetic upgrades after market. We signed the contract and are content.[/quote]
Congrats on the purchase, has to be very exciting time for you guys.
BTW, that bel etage home I linked to earlier was purchased brand new in 2001 for 850k at average interest rate of 7%, yielding a monthly mortgage of $4500 in 2001 dollar, or $5800 in 2012 dollar.
Whereas if your purchase price is $1 million, at jumbo rate of 4%, your monthly mortgage would be $3800.
Participant[quote=OntheSideLine]Ivy Gate vs Mission Ranch
Similar square footage…looking at 300-400k difference…
I think the homes in Ivy Gate were more impressive…but not to that price difference.
http://www.sdlookup.com/MLS-120046240-16344_Winecreek_Rd_San_Diego_CA_92127
Mission Ranch has 4 phases then the models….so 2 more phases left. They are almost sold out of 2 phases…halfway there.[/quote]
That appears to be the wishing price. But with no other Ivy Gate homes for sale in the last 6 months, they can do that…
Btw, I can’t blame you for wanting to buy new. We have a 3.5 year old house, yesterday’s indoor temp maxed at 84 for upstairs and 83 for downstairs, a full 20 degree less than outdoor temp. The insulation in these newer homes are just crazy amazing!
Participanthttp://www.sdlookup.com/MLS-120046200-9117_White_Alder_Ct_San_Diego_CA_92127
Here’s the larger resale Santa Fe Valley home on 1/2 acre for $200k more.
Too bad this one backs up to camino del sur…
Participanthttp://www.sdlookup.com/MLS-120046477-17829_Ralphs_Ranch_Rd_San_Diego_CA_92127
I see they listed this on the MLS
ParticipantThanks ER for the update.
Always nice to hear about first person accounts of various neighborhoods around the area.
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