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smshorttimer
ParticipantCorrect. I’m a bit out of my element. Thankfully people still bought homes in mid-2006.
ParticipantCorrect. I’m a bit out of my element. Thankfully people still bought homes in mid-2006.
ParticipantCorrect. I’m a bit out of my element. Thankfully people still bought homes in mid-2006.
ParticipantCorrect. I’m a bit out of my element. Thankfully people still bought homes in mid-2006.
Participant[quote=esmith][quote=cooprider]This is the best rent vs. buy calculator I’ve come across
It is a good calculator BUT you have to go into “advanced options” and tweak a few things.
First of all, it uses 20% income tax rate by default, which is not applicable here. Anyone who thinks about buying in San Diego will have his last dollar taxed at around 35%.
“Costs of buying home” are 4% of purchase price by default – I think it should be lower.
[/quote]
I’m slow on these things. My federal tax rate is 15%. State is 9.3%? I take it your “35%” has something to do with tax breaks?
Most people here must be in the higher brackets; Homeownership tax benefits can be overstated. A couple earning 65K this year that is thinking about buying a place with $300 HOAs should thoroughly investigate the “tax benefits offset fees/taxes” thing. Do not take “offset” to mean “almost cancels out.”
Participant[quote=esmith][quote=cooprider]This is the best rent vs. buy calculator I’ve come across
It is a good calculator BUT you have to go into “advanced options” and tweak a few things.
First of all, it uses 20% income tax rate by default, which is not applicable here. Anyone who thinks about buying in San Diego will have his last dollar taxed at around 35%.
“Costs of buying home” are 4% of purchase price by default – I think it should be lower.
[/quote]
I’m slow on these things. My federal tax rate is 15%. State is 9.3%? I take it your “35%” has something to do with tax breaks?
Most people here must be in the higher brackets; Homeownership tax benefits can be overstated. A couple earning 65K this year that is thinking about buying a place with $300 HOAs should thoroughly investigate the “tax benefits offset fees/taxes” thing. Do not take “offset” to mean “almost cancels out.”
Participant[quote=esmith][quote=cooprider]This is the best rent vs. buy calculator I’ve come across
It is a good calculator BUT you have to go into “advanced options” and tweak a few things.
First of all, it uses 20% income tax rate by default, which is not applicable here. Anyone who thinks about buying in San Diego will have his last dollar taxed at around 35%.
“Costs of buying home” are 4% of purchase price by default – I think it should be lower.
[/quote]
I’m slow on these things. My federal tax rate is 15%. State is 9.3%? I take it your “35%” has something to do with tax breaks?
Most people here must be in the higher brackets; Homeownership tax benefits can be overstated. A couple earning 65K this year that is thinking about buying a place with $300 HOAs should thoroughly investigate the “tax benefits offset fees/taxes” thing. Do not take “offset” to mean “almost cancels out.”
Participant[quote=esmith][quote=cooprider]This is the best rent vs. buy calculator I’ve come across
It is a good calculator BUT you have to go into “advanced options” and tweak a few things.
First of all, it uses 20% income tax rate by default, which is not applicable here. Anyone who thinks about buying in San Diego will have his last dollar taxed at around 35%.
“Costs of buying home” are 4% of purchase price by default – I think it should be lower.
[/quote]
I’m slow on these things. My federal tax rate is 15%. State is 9.3%? I take it your “35%” has something to do with tax breaks?
Most people here must be in the higher brackets; Homeownership tax benefits can be overstated. A couple earning 65K this year that is thinking about buying a place with $300 HOAs should thoroughly investigate the “tax benefits offset fees/taxes” thing. Do not take “offset” to mean “almost cancels out.”
Participant[quote=esmith][quote=cooprider]This is the best rent vs. buy calculator I’ve come across
It is a good calculator BUT you have to go into “advanced options” and tweak a few things.
First of all, it uses 20% income tax rate by default, which is not applicable here. Anyone who thinks about buying in San Diego will have his last dollar taxed at around 35%.
“Costs of buying home” are 4% of purchase price by default – I think it should be lower.
[/quote]
I’m slow on these things. My federal tax rate is 15%. State is 9.3%? I take it your “35%” has something to do with tax breaks?
Most people here must be in the higher brackets; Homeownership tax benefits can be overstated. A couple earning 65K this year that is thinking about buying a place with $300 HOAs should thoroughly investigate the “tax benefits offset fees/taxes” thing. Do not take “offset” to mean “almost cancels out.”
Participantsdrealtor,
Why do you counter pointless snark with facts, eh?
Seriously, tho, it’s still a box (with a dull kitchen to boot) — and yes, I get it that tastes are subjective. If I had $850K to spend on a house, I’d go inland to find a custom-type place.
Lots of homes are close to healthcare, restaurants, freeway, libraries etc. I suppose it’s nice to live near Four Seasons Aviara but most nearby residents probably never step foot there. (Hey, it’s neat that I’m five minutes from the Golden Door!) No, not all are five minutes to beach and in good school districts.
Participantsdrealtor,
Why do you counter pointless snark with facts, eh?
Seriously, tho, it’s still a box (with a dull kitchen to boot) — and yes, I get it that tastes are subjective. If I had $850K to spend on a house, I’d go inland to find a custom-type place.
Lots of homes are close to healthcare, restaurants, freeway, libraries etc. I suppose it’s nice to live near Four Seasons Aviara but most nearby residents probably never step foot there. (Hey, it’s neat that I’m five minutes from the Golden Door!) No, not all are five minutes to beach and in good school districts.
Participantsdrealtor,
Why do you counter pointless snark with facts, eh?
Seriously, tho, it’s still a box (with a dull kitchen to boot) — and yes, I get it that tastes are subjective. If I had $850K to spend on a house, I’d go inland to find a custom-type place.
Lots of homes are close to healthcare, restaurants, freeway, libraries etc. I suppose it’s nice to live near Four Seasons Aviara but most nearby residents probably never step foot there. (Hey, it’s neat that I’m five minutes from the Golden Door!) No, not all are five minutes to beach and in good school districts.
Participantsdrealtor,
Why do you counter pointless snark with facts, eh?
Seriously, tho, it’s still a box (with a dull kitchen to boot) — and yes, I get it that tastes are subjective. If I had $850K to spend on a house, I’d go inland to find a custom-type place.
Lots of homes are close to healthcare, restaurants, freeway, libraries etc. I suppose it’s nice to live near Four Seasons Aviara but most nearby residents probably never step foot there. (Hey, it’s neat that I’m five minutes from the Golden Door!) No, not all are five minutes to beach and in good school districts.
Participantsdrealtor,
Why do you counter pointless snark with facts, eh?
Seriously, tho, it’s still a box (with a dull kitchen to boot) — and yes, I get it that tastes are subjective. If I had $850K to spend on a house, I’d go inland to find a custom-type place.
Lots of homes are close to healthcare, restaurants, freeway, libraries etc. I suppose it’s nice to live near Four Seasons Aviara but most nearby residents probably never step foot there. (Hey, it’s neat that I’m five minutes from the Golden Door!) No, not all are five minutes to beach and in good school districts.
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