[PerryChase]

Simple calculation:

Assuming you can earn the same interest on investment as you could on mortgage payments.
Interest only on $735,000 at 6.5% = $47,775 year.

You can rent a gated community house at Aviara for $2,775/mo = $33,300/year
http://sandiego.craigslist.org/apa/348068782.html

For simplicity, ignore property taxes, hoa, maintenance, insurance, tax benefit of mortgage interest, inflation and opportunity costs, and most importantly RISK.

You save $14,775/year by renting.

After 7 years you have $103,425, plus you still get to live in a nice home, in a nice neighborhood.

If you have time, put all the numbers in a spreadsheet and make your own calculations.

[PerryChase]

Simple calculation:

Assuming you can earn the same interest on investment as you could on mortgage payments.
Interest only on $735,000 at 6.5% = $47,775 year.

You can rent a gated community house at Aviara for $2,775/mo = $33,300/year
http://sandiego.craigslist.org/apa/348068782.html

For simplicity, ignore property taxes, hoa, maintenance, insurance, tax benefit of mortgage interest, inflation and opportunity costs, and most importantly RISK.

You save $14,775/year by renting.

After 7 years you have $103,425, plus you still get to live in a nice home, in a nice neighborhood.

If you have time, put all the numbers in a spreadsheet and make your own calculations.

[PerryChase]

If the builder buys out the mello-roos it’ll be only for new owners, never for existing owners. You’ll be stuck with higher property taxes while your newer neighbors down the street enjoy a lower tax rate.

See related thread.
http://piggington.com/pardee_homes_drops_mello_roos_in_new_development_in_moorpark_ven

[PerryChase]

If the builder buys out the mello-roos it’ll be only for new owners, never for existing owners. You’ll be stuck with higher property taxes while your newer neighbors down the street enjoy a lower tax rate.

See related thread.
http://piggington.com/pardee_homes_drops_mello_roos_in_new_development_in_moorpark_ven

[PerryChase]

The amount of gambling with housing has been over-the-top. I’m always amazed at how much people will stretch to get into a house. Unfortunately, they can’t stretch anymore and they’re stuck with no easy exit.

This craigslist post is very telling. This seller is selling a home worth hundreds of thousands but can’t afford to $350 to stage his house? Something is very amiss here.

http://sandiego.craigslist.org/fur/347875906.html
—————
Wanted to rent furniture for home sale – read me!
Reply to: [email protected]
Date: 2007-06-08, 1:56PM PDT

Hi,

I am selling my home and would like to rent some contemporary furniture to stage my home. Like many San Diegan’s, I bought high and am having to sell at a break even point, so I don’t have $350-500 a month to pay Fashion Furniture Rental or one of those guys.

I don’t need a full home staged, but I need a few pieces. This furniture would be immaculately cared for, and will barely be used since I am only staying in the home 1-2 days a week at this point, and would be in a pet and smoke free environment obviously.

Here are my needs:

-Sofa (preferrably a nice Pottery Barn or West Elm style contemporary micro fiber, or possibly brown leather)

-Chair (Would like a brown leather chair, contemporary and beautiful)

-Area rug – Contemporary style to go under the coffee table, doesn’t have to be huge

-Queen bedroom set with frame preferrably in a nice black chocolate/espresso color, as well as a matching night stand (only have room for 1, not 2) and a dresser

I anticipate my home will be priced to sell in 30-60 days, but I would need flexibility in the length of the rental if possible.

So, if you have furniture just sitting around, or perhaps you’re going to remodel your home and need a place to put your furniture, or maybe you’ve been trying to sell it for a long time and no one has bought it, please reply to this ad and hopefully we can come to an agreement and you can earn some extra cash rather then just letting it sit. I would be willing to pick everything up, so you wouldn’t have to worry about delivery.

Thank you!!

[PerryChase]

The amount of gambling with housing has been over-the-top. I’m always amazed at how much people will stretch to get into a house. Unfortunately, they can’t stretch anymore and they’re stuck with no easy exit.

This craigslist post is very telling. This seller is selling a home worth hundreds of thousands but can’t afford to $350 to stage his house? Something is very amiss here.

http://sandiego.craigslist.org/fur/347875906.html
—————
Wanted to rent furniture for home sale – read me!
Reply to: [email protected]
Date: 2007-06-08, 1:56PM PDT

Hi,

I am selling my home and would like to rent some contemporary furniture to stage my home. Like many San Diegan’s, I bought high and am having to sell at a break even point, so I don’t have $350-500 a month to pay Fashion Furniture Rental or one of those guys.

I don’t need a full home staged, but I need a few pieces. This furniture would be immaculately cared for, and will barely be used since I am only staying in the home 1-2 days a week at this point, and would be in a pet and smoke free environment obviously.

Here are my needs:

-Sofa (preferrably a nice Pottery Barn or West Elm style contemporary micro fiber, or possibly brown leather)

-Chair (Would like a brown leather chair, contemporary and beautiful)

-Area rug – Contemporary style to go under the coffee table, doesn’t have to be huge

-Queen bedroom set with frame preferrably in a nice black chocolate/espresso color, as well as a matching night stand (only have room for 1, not 2) and a dresser

I anticipate my home will be priced to sell in 30-60 days, but I would need flexibility in the length of the rental if possible.

So, if you have furniture just sitting around, or perhaps you’re going to remodel your home and need a place to put your furniture, or maybe you’ve been trying to sell it for a long time and no one has bought it, please reply to this ad and hopefully we can come to an agreement and you can earn some extra cash rather then just letting it sit. I would be willing to pick everything up, so you wouldn’t have to worry about delivery.

Thank you!!

[PerryChase]

Thanks for posting the interesting article.

This statement is very telling.

” The long-term problem is that tens of millions of baby boomers are approaching retirement with relatively little equity in their homes and almost no assets outside of their homes. Their retirement income will be almost entirely dependent on Social Security. ”

I believe that easy credit is changing how we look at asset purchases. As car dealers would tell you, most drivers now look at car in terms of the monthly payments they can afford and not the purchase price of vehicles. We’re getting to that same situation with housing. People say, well my rent is $1500/mo if I can buy for $1,500/mo, I’ll do it without thinking of the long term consequences.

[PerryChase]

Thanks for posting the interesting article.

This statement is very telling.

” The long-term problem is that tens of millions of baby boomers are approaching retirement with relatively little equity in their homes and almost no assets outside of their homes. Their retirement income will be almost entirely dependent on Social Security. ”

I believe that easy credit is changing how we look at asset purchases. As car dealers would tell you, most drivers now look at car in terms of the monthly payments they can afford and not the purchase price of vehicles. We’re getting to that same situation with housing. People say, well my rent is $1500/mo if I can buy for $1,500/mo, I’ll do it without thinking of the long term consequences.

[PerryChase]

Rustico, you did pretty well in the wife department. You have someone who is kind and well-educated. Someone who doesn’t pressure you to buy her that dream castle. Sounds like you have a well put together family. I think that bilingual/multilingual kids have broader, healthier outlook on life.

[PerryChase]

Rustico, you did pretty well in the wife department. You have someone who is kind and well-educated. Someone who doesn’t pressure you to buy her that dream castle. Sounds like you have a well put together family. I think that bilingual/multilingual kids have broader, healthier outlook on life.

[PerryChase]

Jimmy, this site lists all the sales.

http://users.ixpres.com/~gtriphan/07-1-126.htm

http://users.ixpres.com/~gtriphan/index.html

[PerryChase]

Jimmy, this site lists all the sales.

http://users.ixpres.com/~gtriphan/07-1-126.htm

http://users.ixpres.com/~gtriphan/index.html

[PerryChase]

I agree with with one_muggle. The Dow’s strength is due in large part to the strength of the multinationals’ overseas divisions. A larger and larger portion of growth and profits is coming from the international markets.

[PerryChase]

I agree with with one_muggle. The Dow’s strength is due in large part to the strength of the multinationals’ overseas divisions. A larger and larger portion of growth and profits is coming from the international markets.

[PerryChase]

I agree with sdrealtor. The New York metropolitan area and suburbs are totally different from SoCal. Established folks back East rarely consider moving out of their neighborhoods. The culture is different. Moving from Queens to New Jersey is big shock. Here, moving from Chula Vista to Carlsbad or from Pacific Beach to Pasadena is no big deal.

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