[Rockemsock]

Well I guess i should be happy that my condo is for sale in Encinitas. Big money, no whammies! SELL!

As for who is buying, I don’t know, but I will say that I’m literally laughed at when I mention any significant reductions in home values. I have a co-worker that is considering relocation from one PB condo to another. I sent him a link to this site and Patrick.net and he laughed. His comment was “there’s always somebody predicting doom and gloom” (incidentally I think that is the #21 argument on Patrick.net). Anyhow, i’m sure many more on this site are familiar with the sideways glances and the smirks that accompany their bearish predictions. I think it’s just a bit odd that people can ignore it, WHEN ITS ALREADY HAPPENING.

~insert humorous Titanic anecdote here~

[Rockemsock]

http://www.foreclosure.com has a few at that address. #134 was listed as foreclosure, as well as #128 and #109. Not sure about the accuracy of the site, perhaps others can comment.

[Rockemsock]

I live in Encinitas and drive through Rancho Santa Fe everyday on my way to, and from, work. If I wanted to start collecting for sale signs…I’d start on my commute. There are numerous driveways (you know the long driveways that lead up and over a hill to some “paradise” in hiding) with 3 or 4 for sale signs at the road-head.

By the way, is it just me or is it in their CC&R’s that they have to list with Prudential…I swear those blue and white signs are breeding.

[Rockemsock]

The site says “30% referral fee on the commission…”, does that mean 30% of the sale price or just the selling agents commission? If it’s the sale price it seems to make more sense to drop the ridiculous price a couple 100k. I wonder what this house would appraise for anyhow…

[Rockemsock]

Thanks Michael, it does help. Now I’m off to check Wikipedia for “discount to par”; “NAV”; and “AMT”. Slowly but surely…I’ll get it.

—-

Well “discount to par” i’m still looking into…hoping it will help my golf game.

NAV- Net Asset Value according to Wiki is a term used to describe the value of an entity’s assets less the value of its liabilities.

AMT- American Musical Theater (no?). Well then, perhaps the Alternative Minimum Tax.

Good to know, thanks. I’m sure everyone else knew this already…but my wife browses this forum as well, and she might find it helpful.

[Rockemsock]

thanks for all the info everyone. I am married and have lived in this residence for more than 2 years…so the 500k is good to know.

I’m meeting with my tax man later this week, but was looking for any insight that might be gleaned from this forum. It is good to know that there are tax-free investments other than real estate.

[Rockemsock]

okay, and additonally if my investment in bonds yeilds a 100k profit, don’t i have to pay income tax on that as soon as I sell those bonds and re-invest in a home?

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