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sdrealtor
ParticipantIf you going to do it make sure you find the best property that has everything you want and more. Be very picky which will stretch your time frame out. If you find the best lot in the area for your needs with great upgrades at a decent price you will be happy there regardless. Even if prices drop a little more you will still have the best property on the block. Men will envy you and women will desire you.
sdrealtor
ParticipantIf you going to do it make sure you find the best property that has everything you want and more. Be very picky which will stretch your time frame out. If you find the best lot in the area for your needs with great upgrades at a decent price you will be happy there regardless. Even if prices drop a little more you will still have the best property on the block. Men will envy you and women will desire you.
sdrealtor
ParticipantIf you going to do it make sure you find the best property that has everything you want and more. Be very picky which will stretch your time frame out. If you find the best lot in the area for your needs with great upgrades at a decent price you will be happy there regardless. Even if prices drop a little more you will still have the best property on the block. Men will envy you and women will desire you.
sdrealtor
ParticipantIf you going to do it make sure you find the best property that has everything you want and more. Be very picky which will stretch your time frame out. If you find the best lot in the area for your needs with great upgrades at a decent price you will be happy there regardless. Even if prices drop a little more you will still have the best property on the block. Men will envy you and women will desire you.
sdrealtor
ParticipantStill dont understand how I lost money that I never had. I’ve got to live somewhere and moving is expensive. My tax basis is low. My after tax monthly cost is about half of my cost to rent a similar property. I still could sell my house if I wanted to so the only opportunity cost of concern is on the opportunity cost of investing the excess proceeds that you think I lost. That is neglible at this point. I’ve lost nothing.
As for the other side of the coin, I never got to live rent free and always paid a mortgage. Sure my property value went up but I still had monthly rent.
sdrealtor
ParticipantStill dont understand how I lost money that I never had. I’ve got to live somewhere and moving is expensive. My tax basis is low. My after tax monthly cost is about half of my cost to rent a similar property. I still could sell my house if I wanted to so the only opportunity cost of concern is on the opportunity cost of investing the excess proceeds that you think I lost. That is neglible at this point. I’ve lost nothing.
As for the other side of the coin, I never got to live rent free and always paid a mortgage. Sure my property value went up but I still had monthly rent.
sdrealtor
ParticipantStill dont understand how I lost money that I never had. I’ve got to live somewhere and moving is expensive. My tax basis is low. My after tax monthly cost is about half of my cost to rent a similar property. I still could sell my house if I wanted to so the only opportunity cost of concern is on the opportunity cost of investing the excess proceeds that you think I lost. That is neglible at this point. I’ve lost nothing.
As for the other side of the coin, I never got to live rent free and always paid a mortgage. Sure my property value went up but I still had monthly rent.
sdrealtor
ParticipantStill dont understand how I lost money that I never had. I’ve got to live somewhere and moving is expensive. My tax basis is low. My after tax monthly cost is about half of my cost to rent a similar property. I still could sell my house if I wanted to so the only opportunity cost of concern is on the opportunity cost of investing the excess proceeds that you think I lost. That is neglible at this point. I’ve lost nothing.
As for the other side of the coin, I never got to live rent free and always paid a mortgage. Sure my property value went up but I still had monthly rent.
sdrealtor
Participantsandiego’s statement was “everyone who owns a house in California (me included) is losing more than $1,400 a month ($17,200 a year) on homes that they actually occupy.”
I bought my house about 10 years ago. Its worth alot more than I paid for it and always will be. If something were to happen that made it worth less than i paid it wouldnt bother me in the least. I have no desire to sell it and probably never will. As a rental it would be cash flow positive in big way even today.
Now unless I’m not “everyone”, please explain to me how I’ve lost money?
sdrealtor
Participantsandiego’s statement was “everyone who owns a house in California (me included) is losing more than $1,400 a month ($17,200 a year) on homes that they actually occupy.”
I bought my house about 10 years ago. Its worth alot more than I paid for it and always will be. If something were to happen that made it worth less than i paid it wouldnt bother me in the least. I have no desire to sell it and probably never will. As a rental it would be cash flow positive in big way even today.
Now unless I’m not “everyone”, please explain to me how I’ve lost money?
sdrealtor
Participantsandiego’s statement was “everyone who owns a house in California (me included) is losing more than $1,400 a month ($17,200 a year) on homes that they actually occupy.”
I bought my house about 10 years ago. Its worth alot more than I paid for it and always will be. If something were to happen that made it worth less than i paid it wouldnt bother me in the least. I have no desire to sell it and probably never will. As a rental it would be cash flow positive in big way even today.
Now unless I’m not “everyone”, please explain to me how I’ve lost money?
sdrealtor
Participantsandiego’s statement was “everyone who owns a house in California (me included) is losing more than $1,400 a month ($17,200 a year) on homes that they actually occupy.”
I bought my house about 10 years ago. Its worth alot more than I paid for it and always will be. If something were to happen that made it worth less than i paid it wouldnt bother me in the least. I have no desire to sell it and probably never will. As a rental it would be cash flow positive in big way even today.
Now unless I’m not “everyone”, please explain to me how I’ve lost money?
sdrealtor
ParticipantHow can I lose money I never had?
sdrealtor
ParticipantHow can I lose money I never had?
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