[permabear]

[quote=bearishgurl][quote=HomeShopping]I have seen several lots in Santaluz that I like, for the right price. Does anyone know whether you have to pay HOA dues on an empty lot? If I were to buy, I may not build for a few years. I understand that one has to pay property taxes on lots.[/quote]

HomeShopping, in CA, Covenants, Conditions and Restrictions (CC&R’s) are tied to the land. They will appear on the title of your lot. You will agree to them implicitly upon taking title of the lot. These CC&R’s become the underlying basis for mandatory membership in a Homeowner’s Assn (HOA).[/quote]

Don’t forget the Mello-Roos too – have to pay those from year 1 (and property taxes).

[permabear]

[quote=bearishgurl][quote=HomeShopping]I have seen several lots in Santaluz that I like, for the right price. Does anyone know whether you have to pay HOA dues on an empty lot? If I were to buy, I may not build for a few years. I understand that one has to pay property taxes on lots.[/quote]

HomeShopping, in CA, Covenants, Conditions and Restrictions (CC&R’s) are tied to the land. They will appear on the title of your lot. You will agree to them implicitly upon taking title of the lot. These CC&R’s become the underlying basis for mandatory membership in a Homeowner’s Assn (HOA).[/quote]

Don’t forget the Mello-Roos too – have to pay those from year 1 (and property taxes).

[permabear]

[quote=bearishgurl][quote=HomeShopping]I have seen several lots in Santaluz that I like, for the right price. Does anyone know whether you have to pay HOA dues on an empty lot? If I were to buy, I may not build for a few years. I understand that one has to pay property taxes on lots.[/quote]

HomeShopping, in CA, Covenants, Conditions and Restrictions (CC&R’s) are tied to the land. They will appear on the title of your lot. You will agree to them implicitly upon taking title of the lot. These CC&R’s become the underlying basis for mandatory membership in a Homeowner’s Assn (HOA).[/quote]

Don’t forget the Mello-Roos too – have to pay those from year 1 (and property taxes).

[permabear]

[quote=newbiz]I have met with two financial advisors, one of whom suggested a intermediatry bond portfolio and the other one screamed bloody murder when I mentioned Intermediatry bonds. (around 5 year maturity)[/quote]

What did the “bloody murder” guy offer as an alternative? He may be the smarter of the two, depending on what he said.

There is some evidence that the debt bubble has moved from housing to the bond market. Bond funds are NOT a sure thing – it is possible to lose lots of money in a bond fund. This happened in the 70’s when inflation hit, and bond funds lost 30-40%. As interest rates rise, lower interest bonds lose their premiums, so the usual techniques that bond funds use (rolling over bonds into newer issues) results in loss of principal.

http://www.fool.com/retirement/general/2010/04/27/dont-let-your-bond-fund-bite-you.aspx

I would be as careful investing in a bond fund as a mutual fund. Make sure you understand interest rate risk.

http://www.sec.gov/answers/bondfunds.htm

“Because of this type of risk, you can lose money in a bond fund, including those that invest only in insured bonds or U.S. Government bonds.”

[permabear]

[quote=newbiz]I have met with two financial advisors, one of whom suggested a intermediatry bond portfolio and the other one screamed bloody murder when I mentioned Intermediatry bonds. (around 5 year maturity)[/quote]

What did the “bloody murder” guy offer as an alternative? He may be the smarter of the two, depending on what he said.

There is some evidence that the debt bubble has moved from housing to the bond market. Bond funds are NOT a sure thing – it is possible to lose lots of money in a bond fund. This happened in the 70’s when inflation hit, and bond funds lost 30-40%. As interest rates rise, lower interest bonds lose their premiums, so the usual techniques that bond funds use (rolling over bonds into newer issues) results in loss of principal.

http://www.fool.com/retirement/general/2010/04/27/dont-let-your-bond-fund-bite-you.aspx

I would be as careful investing in a bond fund as a mutual fund. Make sure you understand interest rate risk.

http://www.sec.gov/answers/bondfunds.htm

“Because of this type of risk, you can lose money in a bond fund, including those that invest only in insured bonds or U.S. Government bonds.”

[permabear]

[quote=newbiz]I have met with two financial advisors, one of whom suggested a intermediatry bond portfolio and the other one screamed bloody murder when I mentioned Intermediatry bonds. (around 5 year maturity)[/quote]

What did the “bloody murder” guy offer as an alternative? He may be the smarter of the two, depending on what he said.

There is some evidence that the debt bubble has moved from housing to the bond market. Bond funds are NOT a sure thing – it is possible to lose lots of money in a bond fund. This happened in the 70’s when inflation hit, and bond funds lost 30-40%. As interest rates rise, lower interest bonds lose their premiums, so the usual techniques that bond funds use (rolling over bonds into newer issues) results in loss of principal.

http://www.fool.com/retirement/general/2010/04/27/dont-let-your-bond-fund-bite-you.aspx

I would be as careful investing in a bond fund as a mutual fund. Make sure you understand interest rate risk.

http://www.sec.gov/answers/bondfunds.htm

“Because of this type of risk, you can lose money in a bond fund, including those that invest only in insured bonds or U.S. Government bonds.”

[permabear]

[quote=newbiz]I have met with two financial advisors, one of whom suggested a intermediatry bond portfolio and the other one screamed bloody murder when I mentioned Intermediatry bonds. (around 5 year maturity)[/quote]

What did the “bloody murder” guy offer as an alternative? He may be the smarter of the two, depending on what he said.

There is some evidence that the debt bubble has moved from housing to the bond market. Bond funds are NOT a sure thing – it is possible to lose lots of money in a bond fund. This happened in the 70’s when inflation hit, and bond funds lost 30-40%. As interest rates rise, lower interest bonds lose their premiums, so the usual techniques that bond funds use (rolling over bonds into newer issues) results in loss of principal.

http://www.fool.com/retirement/general/2010/04/27/dont-let-your-bond-fund-bite-you.aspx

I would be as careful investing in a bond fund as a mutual fund. Make sure you understand interest rate risk.

http://www.sec.gov/answers/bondfunds.htm

“Because of this type of risk, you can lose money in a bond fund, including those that invest only in insured bonds or U.S. Government bonds.”

[permabear]

[quote=newbiz]I have met with two financial advisors, one of whom suggested a intermediatry bond portfolio and the other one screamed bloody murder when I mentioned Intermediatry bonds. (around 5 year maturity)[/quote]

What did the “bloody murder” guy offer as an alternative? He may be the smarter of the two, depending on what he said.

There is some evidence that the debt bubble has moved from housing to the bond market. Bond funds are NOT a sure thing – it is possible to lose lots of money in a bond fund. This happened in the 70’s when inflation hit, and bond funds lost 30-40%. As interest rates rise, lower interest bonds lose their premiums, so the usual techniques that bond funds use (rolling over bonds into newer issues) results in loss of principal.

http://www.fool.com/retirement/general/2010/04/27/dont-let-your-bond-fund-bite-you.aspx

I would be as careful investing in a bond fund as a mutual fund. Make sure you understand interest rate risk.

http://www.sec.gov/answers/bondfunds.htm

“Because of this type of risk, you can lose money in a bond fund, including those that invest only in insured bonds or U.S. Government bonds.”

[permabear]

[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]

Horses? In Santaluz?? Yeah…. No

[permabear]

[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]

Horses? In Santaluz?? Yeah…. No

[permabear]

[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]

Horses? In Santaluz?? Yeah…. No

[permabear]

[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]

Horses? In Santaluz?? Yeah…. No

[permabear]

[quote=joec]Similar to buying the crappiest lot/house in an area, if I had 2 mil, I’d probably live closer to the coast myself… Unless you wanted to raise horses and needed a ranch/huge lot or something.[/quote]

Horses? In Santaluz?? Yeah…. No

[permabear]

[quote=CA renter]
What’s funny is that I think the Democrats have done more for Wall Street than the Republicans have over the past year or so.

Two sides of the same coin, and both work for the elite, IMHO.[/quote]

+1

My Dad is a diehard Dem, and my uncle a diehard Repub. They argue like rabid dogs. I try to tell them that their respective parties have sold them down the river long ago (with backing materials), and both say, “No that’s just the spin from the other party!!!”

It’s all smoke, mirrors, and a celebrity-style sideshow to keep the public distracted from what’s really going on.

[permabear]

[quote=CA renter]
What’s funny is that I think the Democrats have done more for Wall Street than the Republicans have over the past year or so.

Two sides of the same coin, and both work for the elite, IMHO.[/quote]

+1

My Dad is a diehard Dem, and my uncle a diehard Repub. They argue like rabid dogs. I try to tell them that their respective parties have sold them down the river long ago (with backing materials), and both say, “No that’s just the spin from the other party!!!”

It’s all smoke, mirrors, and a celebrity-style sideshow to keep the public distracted from what’s really going on.

[Author]

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