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SD Realtor
ParticipantDidn’t we already go through this? I posted the last 15 transactions in Rancho Penasquitos either last weekend or the weekend before that. I think more then 80% of those transactions were at least 20% down or something close to that.
Why is it so hard for people to believe that there are plenty of people with money out there? I don’t understand it guys. Look, we all agreed that most of the speculators are gone correct? We also have agreed that subprime buyers are gone as well correct? Isn’t it logical then to think that a much higher ratio of the few buyers that are left are going to be much more qualified then ever before? Shouldn’t it then follow that what sales do occur will result in a higher ratio of buyers with more significant equity stakes then before. Take it a step further and it follows that those buyers with cash who have waited this long are going to be further incentivized by these programs will they not?
Don’t confuse this post with an endorsement that the market is coming back. Just don’t try to predict that the market will follow a certain direction because of your own thoughts of other peoples financial assets.
ParticipantDidn’t we already go through this? I posted the last 15 transactions in Rancho Penasquitos either last weekend or the weekend before that. I think more then 80% of those transactions were at least 20% down or something close to that.
Why is it so hard for people to believe that there are plenty of people with money out there? I don’t understand it guys. Look, we all agreed that most of the speculators are gone correct? We also have agreed that subprime buyers are gone as well correct? Isn’t it logical then to think that a much higher ratio of the few buyers that are left are going to be much more qualified then ever before? Shouldn’t it then follow that what sales do occur will result in a higher ratio of buyers with more significant equity stakes then before. Take it a step further and it follows that those buyers with cash who have waited this long are going to be further incentivized by these programs will they not?
Don’t confuse this post with an endorsement that the market is coming back. Just don’t try to predict that the market will follow a certain direction because of your own thoughts of other peoples financial assets.
ParticipantDidn’t we already go through this? I posted the last 15 transactions in Rancho Penasquitos either last weekend or the weekend before that. I think more then 80% of those transactions were at least 20% down or something close to that.
Why is it so hard for people to believe that there are plenty of people with money out there? I don’t understand it guys. Look, we all agreed that most of the speculators are gone correct? We also have agreed that subprime buyers are gone as well correct? Isn’t it logical then to think that a much higher ratio of the few buyers that are left are going to be much more qualified then ever before? Shouldn’t it then follow that what sales do occur will result in a higher ratio of buyers with more significant equity stakes then before. Take it a step further and it follows that those buyers with cash who have waited this long are going to be further incentivized by these programs will they not?
Don’t confuse this post with an endorsement that the market is coming back. Just don’t try to predict that the market will follow a certain direction because of your own thoughts of other peoples financial assets.
ParticipantDidn’t we already go through this? I posted the last 15 transactions in Rancho Penasquitos either last weekend or the weekend before that. I think more then 80% of those transactions were at least 20% down or something close to that.
Why is it so hard for people to believe that there are plenty of people with money out there? I don’t understand it guys. Look, we all agreed that most of the speculators are gone correct? We also have agreed that subprime buyers are gone as well correct? Isn’t it logical then to think that a much higher ratio of the few buyers that are left are going to be much more qualified then ever before? Shouldn’t it then follow that what sales do occur will result in a higher ratio of buyers with more significant equity stakes then before. Take it a step further and it follows that those buyers with cash who have waited this long are going to be further incentivized by these programs will they not?
Don’t confuse this post with an endorsement that the market is coming back. Just don’t try to predict that the market will follow a certain direction because of your own thoughts of other peoples financial assets.
ParticipantEqualizer very good post. I would agree first off that most likely 99% of all homeowners who do pay Mello Roos of primary residences do indeed deduct them. However when I am asked are they deductible I routinely answer just like I did in this post. First sentence,
“consult the tax code”.
which is what you have done which is a good job. Still though, my CPA plays it very close to the vest with regards to taxes, probably closer then it needs to be and my answer mirrors his guidance on that.
Your answer is more technically correct, my very first sentence not withstanding.
ParticipantEqualizer very good post. I would agree first off that most likely 99% of all homeowners who do pay Mello Roos of primary residences do indeed deduct them. However when I am asked are they deductible I routinely answer just like I did in this post. First sentence,
“consult the tax code”.
which is what you have done which is a good job. Still though, my CPA plays it very close to the vest with regards to taxes, probably closer then it needs to be and my answer mirrors his guidance on that.
Your answer is more technically correct, my very first sentence not withstanding.
ParticipantEqualizer very good post. I would agree first off that most likely 99% of all homeowners who do pay Mello Roos of primary residences do indeed deduct them. However when I am asked are they deductible I routinely answer just like I did in this post. First sentence,
“consult the tax code”.
which is what you have done which is a good job. Still though, my CPA plays it very close to the vest with regards to taxes, probably closer then it needs to be and my answer mirrors his guidance on that.
Your answer is more technically correct, my very first sentence not withstanding.
ParticipantEqualizer very good post. I would agree first off that most likely 99% of all homeowners who do pay Mello Roos of primary residences do indeed deduct them. However when I am asked are they deductible I routinely answer just like I did in this post. First sentence,
“consult the tax code”.
which is what you have done which is a good job. Still though, my CPA plays it very close to the vest with regards to taxes, probably closer then it needs to be and my answer mirrors his guidance on that.
Your answer is more technically correct, my very first sentence not withstanding.
ParticipantEqualizer very good post. I would agree first off that most likely 99% of all homeowners who do pay Mello Roos of primary residences do indeed deduct them. However when I am asked are they deductible I routinely answer just like I did in this post. First sentence,
“consult the tax code”.
which is what you have done which is a good job. Still though, my CPA plays it very close to the vest with regards to taxes, probably closer then it needs to be and my answer mirrors his guidance on that.
Your answer is more technically correct, my very first sentence not withstanding.
ParticipantIlovecv it is hard to say… Okay for my personal taste I am one of those die hard never pay MR fees so will not buy in the newer areas. The price drops are nice but it is hard for me to believe that there will not be more depreciation in the long run in the area. So… I “think” that in the future better deals will make themselves available. I agree with your statement about getting more then CV.
So… sorry for the wishy washy answer… as far as investment property not my cup of tea… as far as primary residence with a long term horizon of 10-20 years yeah that fits in better. I did like the lot sizes and homes like you said.
Sorry if the answer is as helpful as a wet noodle.
SD Realtor
ParticipantIlovecv it is hard to say… Okay for my personal taste I am one of those die hard never pay MR fees so will not buy in the newer areas. The price drops are nice but it is hard for me to believe that there will not be more depreciation in the long run in the area. So… I “think” that in the future better deals will make themselves available. I agree with your statement about getting more then CV.
So… sorry for the wishy washy answer… as far as investment property not my cup of tea… as far as primary residence with a long term horizon of 10-20 years yeah that fits in better. I did like the lot sizes and homes like you said.
Sorry if the answer is as helpful as a wet noodle.
SD Realtor
ParticipantIlovecv it is hard to say… Okay for my personal taste I am one of those die hard never pay MR fees so will not buy in the newer areas. The price drops are nice but it is hard for me to believe that there will not be more depreciation in the long run in the area. So… I “think” that in the future better deals will make themselves available. I agree with your statement about getting more then CV.
So… sorry for the wishy washy answer… as far as investment property not my cup of tea… as far as primary residence with a long term horizon of 10-20 years yeah that fits in better. I did like the lot sizes and homes like you said.
Sorry if the answer is as helpful as a wet noodle.
SD Realtor
ParticipantIlovecv it is hard to say… Okay for my personal taste I am one of those die hard never pay MR fees so will not buy in the newer areas. The price drops are nice but it is hard for me to believe that there will not be more depreciation in the long run in the area. So… I “think” that in the future better deals will make themselves available. I agree with your statement about getting more then CV.
So… sorry for the wishy washy answer… as far as investment property not my cup of tea… as far as primary residence with a long term horizon of 10-20 years yeah that fits in better. I did like the lot sizes and homes like you said.
Sorry if the answer is as helpful as a wet noodle.
SD Realtor
ParticipantIlovecv it is hard to say… Okay for my personal taste I am one of those die hard never pay MR fees so will not buy in the newer areas. The price drops are nice but it is hard for me to believe that there will not be more depreciation in the long run in the area. So… I “think” that in the future better deals will make themselves available. I agree with your statement about getting more then CV.
So… sorry for the wishy washy answer… as far as investment property not my cup of tea… as far as primary residence with a long term horizon of 10-20 years yeah that fits in better. I did like the lot sizes and homes like you said.
Sorry if the answer is as helpful as a wet noodle.
SD Realtor
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