[sdcellar]

My contention is that they almost certainly would have sold for higher prices.

I should also take this opportunity to correct myself and acknowledge that the one other thing that will negate the impact of significant M-R taxes is time itself. In twenty years or so, they should be paid off and become a non-factor (and this may well occur more quickly than inflation will numb the hit).

I’ve heard anecdotally that the M-R assessments can be extended, but I have no idea how often it occurs to any meaningful extent.

A buyer today would still be wise to not overrate such long-term effects, however. That is, be careful not to put too much stock into the 30-year (or 20-) argument as many homeowners never get there. If instead, it’s honestly your home to die in, then yes, your kids might not be so affected by your currently (outrageous) Mello-Roos.

[sdcellar]

Assuming neither property was a steal (roughly based on the collective feedback in this thread), then the one thing you can’t do is compare the impact of the Mello-Roos between the two.

If instead, that’s a bad interpretation and the Stonebridge property was something approaching a steal, then still don’t let the M-R equivalence fool you. You saved the money on the purchase price of the house plain and simple. M-R didn’t suddenly become awesome. (and if you really think about it, as a percentage of purchase price, the M-R is even higher!)

If you’re still thinking, hey sdcellar, you’re nuts, the houses in Stonebridge sell for less because they’ve got that Mello-Roos hit, so you do have to look at payment, etc, blah, blah, blah. I’ll just counter with there you go, then you’re still not ahead of the game, you have a property with intrinsically less value. And when you sell it, you’ll just feel it on the other side. As a matter of fact, it might be worse, as it won’t be “new” anymore, which I think is the only thing that really makes people feel a little bitter about exorbitant M-R tax rates.

The *only* thing that will fix it is inflation. Which, I’m sure, will eventually come to pass. Could be a long time though until $500 or so a month seems like a rounding error.

Maybe we can dispense with any notion that Mello-Roos is a good thing now?

[sdcellar]

Assuming neither property was a steal (roughly based on the collective feedback in this thread), then the one thing you can’t do is compare the impact of the Mello-Roos between the two.

If instead, that’s a bad interpretation and the Stonebridge property was something approaching a steal, then still don’t let the M-R equivalence fool you. You saved the money on the purchase price of the house plain and simple. M-R didn’t suddenly become awesome. (and if you really think about it, as a percentage of purchase price, the M-R is even higher!)

If you’re still thinking, hey sdcellar, you’re nuts, the houses in Stonebridge sell for less because they’ve got that Mello-Roos hit, so you do have to look at payment, etc, blah, blah, blah. I’ll just counter with there you go, then you’re still not ahead of the game, you have a property with intrinsically less value. And when you sell it, you’ll just feel it on the other side. As a matter of fact, it might be worse, as it won’t be “new” anymore, which I think is the only thing that really makes people feel a little bitter about exorbitant M-R tax rates.

The *only* thing that will fix it is inflation. Which, I’m sure, will eventually come to pass. Could be a long time though until $500 or so a month seems like a rounding error.

Maybe we can dispense with any notion that Mello-Roos is a good thing now?

[sdcellar]

Assuming neither property was a steal (roughly based on the collective feedback in this thread), then the one thing you can’t do is compare the impact of the Mello-Roos between the two.

If instead, that’s a bad interpretation and the Stonebridge property was something approaching a steal, then still don’t let the M-R equivalence fool you. You saved the money on the purchase price of the house plain and simple. M-R didn’t suddenly become awesome. (and if you really think about it, as a percentage of purchase price, the M-R is even higher!)

If you’re still thinking, hey sdcellar, you’re nuts, the houses in Stonebridge sell for less because they’ve got that Mello-Roos hit, so you do have to look at payment, etc, blah, blah, blah. I’ll just counter with there you go, then you’re still not ahead of the game, you have a property with intrinsically less value. And when you sell it, you’ll just feel it on the other side. As a matter of fact, it might be worse, as it won’t be “new” anymore, which I think is the only thing that really makes people feel a little bitter about exorbitant M-R tax rates.

The *only* thing that will fix it is inflation. Which, I’m sure, will eventually come to pass. Could be a long time though until $500 or so a month seems like a rounding error.

Maybe we can dispense with any notion that Mello-Roos is a good thing now?

[sdcellar]

Assuming neither property was a steal (roughly based on the collective feedback in this thread), then the one thing you can’t do is compare the impact of the Mello-Roos between the two.

If instead, that’s a bad interpretation and the Stonebridge property was something approaching a steal, then still don’t let the M-R equivalence fool you. You saved the money on the purchase price of the house plain and simple. M-R didn’t suddenly become awesome. (and if you really think about it, as a percentage of purchase price, the M-R is even higher!)

If you’re still thinking, hey sdcellar, you’re nuts, the houses in Stonebridge sell for less because they’ve got that Mello-Roos hit, so you do have to look at payment, etc, blah, blah, blah. I’ll just counter with there you go, then you’re still not ahead of the game, you have a property with intrinsically less value. And when you sell it, you’ll just feel it on the other side. As a matter of fact, it might be worse, as it won’t be “new” anymore, which I think is the only thing that really makes people feel a little bitter about exorbitant M-R tax rates.

The *only* thing that will fix it is inflation. Which, I’m sure, will eventually come to pass. Could be a long time though until $500 or so a month seems like a rounding error.

Maybe we can dispense with any notion that Mello-Roos is a good thing now?

[sdcellar]

Assuming neither property was a steal (roughly based on the collective feedback in this thread), then the one thing you can’t do is compare the impact of the Mello-Roos between the two.

If instead, that’s a bad interpretation and the Stonebridge property was something approaching a steal, then still don’t let the M-R equivalence fool you. You saved the money on the purchase price of the house plain and simple. M-R didn’t suddenly become awesome. (and if you really think about it, as a percentage of purchase price, the M-R is even higher!)

If you’re still thinking, hey sdcellar, you’re nuts, the houses in Stonebridge sell for less because they’ve got that Mello-Roos hit, so you do have to look at payment, etc, blah, blah, blah. I’ll just counter with there you go, then you’re still not ahead of the game, you have a property with intrinsically less value. And when you sell it, you’ll just feel it on the other side. As a matter of fact, it might be worse, as it won’t be “new” anymore, which I think is the only thing that really makes people feel a little bitter about exorbitant M-R tax rates.

The *only* thing that will fix it is inflation. Which, I’m sure, will eventually come to pass. Could be a long time though until $500 or so a month seems like a rounding error.

Maybe we can dispense with any notion that Mello-Roos is a good thing now?

[sdcellar]

Congratulations aldante! That first night in the new home is really nice. Hope you have many more days and nights of the same.

[sdcellar]

Congratulations aldante! That first night in the new home is really nice. Hope you have many more days and nights of the same.

[sdcellar]

Congratulations aldante! That first night in the new home is really nice. Hope you have many more days and nights of the same.

[sdcellar]

Congratulations aldante! That first night in the new home is really nice. Hope you have many more days and nights of the same.

[sdcellar]

Congratulations aldante! That first night in the new home is really nice. Hope you have many more days and nights of the same.

[sdcellar]

These are the same ones California West was (and maybe still is) selling? They were selling them in the sevens and eights. Guess they didn’t/don’t care to re-up? Could be that these last lots are the worst, but I have no idea how true that might be. I’m pretty sure these didn’t work out as well for them as Monteluz and Andalusia in 4S.

With regard to City Ventures, the houses they built in Stonebridge weren’t up to same standards as those built by Warmington (and I think the lots may have been inferior as well), so they weren’t quite the price savings it would seem on paper. Still pretty good prices, though, for BAHs.

As you said, they were the same floor plan, but I think it diverged a bit from there. It will be the same in The Crosby, I’m sure.

[sdcellar]

These are the same ones California West was (and maybe still is) selling? They were selling them in the sevens and eights. Guess they didn’t/don’t care to re-up? Could be that these last lots are the worst, but I have no idea how true that might be. I’m pretty sure these didn’t work out as well for them as Monteluz and Andalusia in 4S.

With regard to City Ventures, the houses they built in Stonebridge weren’t up to same standards as those built by Warmington (and I think the lots may have been inferior as well), so they weren’t quite the price savings it would seem on paper. Still pretty good prices, though, for BAHs.

As you said, they were the same floor plan, but I think it diverged a bit from there. It will be the same in The Crosby, I’m sure.

[sdcellar]

These are the same ones California West was (and maybe still is) selling? They were selling them in the sevens and eights. Guess they didn’t/don’t care to re-up? Could be that these last lots are the worst, but I have no idea how true that might be. I’m pretty sure these didn’t work out as well for them as Monteluz and Andalusia in 4S.

With regard to City Ventures, the houses they built in Stonebridge weren’t up to same standards as those built by Warmington (and I think the lots may have been inferior as well), so they weren’t quite the price savings it would seem on paper. Still pretty good prices, though, for BAHs.

As you said, they were the same floor plan, but I think it diverged a bit from there. It will be the same in The Crosby, I’m sure.

[sdcellar]

These are the same ones California West was (and maybe still is) selling? They were selling them in the sevens and eights. Guess they didn’t/don’t care to re-up? Could be that these last lots are the worst, but I have no idea how true that might be. I’m pretty sure these didn’t work out as well for them as Monteluz and Andalusia in 4S.

With regard to City Ventures, the houses they built in Stonebridge weren’t up to same standards as those built by Warmington (and I think the lots may have been inferior as well), so they weren’t quite the price savings it would seem on paper. Still pretty good prices, though, for BAHs.

As you said, they were the same floor plan, but I think it diverged a bit from there. It will be the same in The Crosby, I’m sure.

[Author]

Posts