[temeculaguy]

As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county. As a whole, the countywide prices, relative to income have returned to their averages over the last few decades, Rich has made some nice graphs which he updates often and can be seen in the archives of the main page. The coast from Del Mar to Carlsbad and the Poway district areas are the low crime/great schools regions, they have resisted similar drops for the most part. Within each area, the different price points have had different reactions but it’s close enough.

Here’s the problem, which will be revealed if you read this blog for very long. The educated upper middle class are the folks that like these areas, they are also the type of folks that research things and participate in our little forum. They are also the folks who aren’t devastated as much by the economic downturn. So we have a little stand off going in a few markets, get some popcorn, it should get interesting.

Since you are new, can I ask you a question, what made you look at poway and what were your other top choices (I bet i can guess?)

I have a theory why the sticky areas are bucking the trend and may escape altogether. Whenever someone with some money, some smarts and a family comes to live in this region, they focus on just a few areas. It may be contributing to the seemingly endless demand in those areas when everyone is supposed to be broke and unable to get a loan. No matter how many soup lines in detroit they show on the news, people with money seem to be cruising Carlsbad for a house.

[temeculaguy]

As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county. As a whole, the countywide prices, relative to income have returned to their averages over the last few decades, Rich has made some nice graphs which he updates often and can be seen in the archives of the main page. The coast from Del Mar to Carlsbad and the Poway district areas are the low crime/great schools regions, they have resisted similar drops for the most part. Within each area, the different price points have had different reactions but it’s close enough.

Here’s the problem, which will be revealed if you read this blog for very long. The educated upper middle class are the folks that like these areas, they are also the type of folks that research things and participate in our little forum. They are also the folks who aren’t devastated as much by the economic downturn. So we have a little stand off going in a few markets, get some popcorn, it should get interesting.

Since you are new, can I ask you a question, what made you look at poway and what were your other top choices (I bet i can guess?)

I have a theory why the sticky areas are bucking the trend and may escape altogether. Whenever someone with some money, some smarts and a family comes to live in this region, they focus on just a few areas. It may be contributing to the seemingly endless demand in those areas when everyone is supposed to be broke and unable to get a loan. No matter how many soup lines in detroit they show on the news, people with money seem to be cruising Carlsbad for a house.

[temeculaguy]

As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county. As a whole, the countywide prices, relative to income have returned to their averages over the last few decades, Rich has made some nice graphs which he updates often and can be seen in the archives of the main page. The coast from Del Mar to Carlsbad and the Poway district areas are the low crime/great schools regions, they have resisted similar drops for the most part. Within each area, the different price points have had different reactions but it’s close enough.

Here’s the problem, which will be revealed if you read this blog for very long. The educated upper middle class are the folks that like these areas, they are also the type of folks that research things and participate in our little forum. They are also the folks who aren’t devastated as much by the economic downturn. So we have a little stand off going in a few markets, get some popcorn, it should get interesting.

Since you are new, can I ask you a question, what made you look at poway and what were your other top choices (I bet i can guess?)

I have a theory why the sticky areas are bucking the trend and may escape altogether. Whenever someone with some money, some smarts and a family comes to live in this region, they focus on just a few areas. It may be contributing to the seemingly endless demand in those areas when everyone is supposed to be broke and unable to get a loan. No matter how many soup lines in detroit they show on the news, people with money seem to be cruising Carlsbad for a house.

[temeculaguy]

As a rule of thumb, if a micromarket has great schools, it hasn’t returned to fundamentals compared to the rest of the county. As a whole, the countywide prices, relative to income have returned to their averages over the last few decades, Rich has made some nice graphs which he updates often and can be seen in the archives of the main page. The coast from Del Mar to Carlsbad and the Poway district areas are the low crime/great schools regions, they have resisted similar drops for the most part. Within each area, the different price points have had different reactions but it’s close enough.

Here’s the problem, which will be revealed if you read this blog for very long. The educated upper middle class are the folks that like these areas, they are also the type of folks that research things and participate in our little forum. They are also the folks who aren’t devastated as much by the economic downturn. So we have a little stand off going in a few markets, get some popcorn, it should get interesting.

Since you are new, can I ask you a question, what made you look at poway and what were your other top choices (I bet i can guess?)

I have a theory why the sticky areas are bucking the trend and may escape altogether. Whenever someone with some money, some smarts and a family comes to live in this region, they focus on just a few areas. It may be contributing to the seemingly endless demand in those areas when everyone is supposed to be broke and unable to get a loan. No matter how many soup lines in detroit they show on the news, people with money seem to be cruising Carlsbad for a house.

[temeculaguy]

MY favorite is the tax reward auto loan. I’ve always had them, deducting your car payment (at least the interest portion) takes the sting out of it. I know they have them at sdccu, they probably have them at some other credit unions, and sdccu will convert your regualar auto loan or refi your auto loan so you can deduct it. Same payment, same interest, same terms, but you pay something like $50, one time and they drop a subordinated lien against your house (which technically makes it 2nd on the house), the car is still collateral, the home loan isn’t touched, doesn’t need to be settled in a refi, but technically if you don’t pay your car payment they can take your house.

You could refi your house and pay off your car but then you would be paying for the car for 30 years, this loan keeps it the 3,4, or 5 yr loan that cars usually are. When I learned of these about ten years ago, I was halfway through my car loan and they converted it without extending the loan, the only difference was the tax deduxtion.

The only catch is that you have to own an item of real estate to participate, during my renting years I was so steamed about not deducting my car payment that I paid it off and refused to buy another car. Now that everyone is broke, I don’t need a nice sled to get chicks so I haven’t rejoined the car payment world, but when the time comes, it will be deductable.

I think they have something similar for credit cards too, but basically, you shouldn’t pay any interest on anything that you can’t deduct, you sure as hell can’t earn any interest without paying taxes on it, so it’s fair going the other way.

[temeculaguy]

MY favorite is the tax reward auto loan. I’ve always had them, deducting your car payment (at least the interest portion) takes the sting out of it. I know they have them at sdccu, they probably have them at some other credit unions, and sdccu will convert your regualar auto loan or refi your auto loan so you can deduct it. Same payment, same interest, same terms, but you pay something like $50, one time and they drop a subordinated lien against your house (which technically makes it 2nd on the house), the car is still collateral, the home loan isn’t touched, doesn’t need to be settled in a refi, but technically if you don’t pay your car payment they can take your house.

You could refi your house and pay off your car but then you would be paying for the car for 30 years, this loan keeps it the 3,4, or 5 yr loan that cars usually are. When I learned of these about ten years ago, I was halfway through my car loan and they converted it without extending the loan, the only difference was the tax deduxtion.

The only catch is that you have to own an item of real estate to participate, during my renting years I was so steamed about not deducting my car payment that I paid it off and refused to buy another car. Now that everyone is broke, I don’t need a nice sled to get chicks so I haven’t rejoined the car payment world, but when the time comes, it will be deductable.

I think they have something similar for credit cards too, but basically, you shouldn’t pay any interest on anything that you can’t deduct, you sure as hell can’t earn any interest without paying taxes on it, so it’s fair going the other way.

[temeculaguy]

MY favorite is the tax reward auto loan. I’ve always had them, deducting your car payment (at least the interest portion) takes the sting out of it. I know they have them at sdccu, they probably have them at some other credit unions, and sdccu will convert your regualar auto loan or refi your auto loan so you can deduct it. Same payment, same interest, same terms, but you pay something like $50, one time and they drop a subordinated lien against your house (which technically makes it 2nd on the house), the car is still collateral, the home loan isn’t touched, doesn’t need to be settled in a refi, but technically if you don’t pay your car payment they can take your house.

You could refi your house and pay off your car but then you would be paying for the car for 30 years, this loan keeps it the 3,4, or 5 yr loan that cars usually are. When I learned of these about ten years ago, I was halfway through my car loan and they converted it without extending the loan, the only difference was the tax deduxtion.

The only catch is that you have to own an item of real estate to participate, during my renting years I was so steamed about not deducting my car payment that I paid it off and refused to buy another car. Now that everyone is broke, I don’t need a nice sled to get chicks so I haven’t rejoined the car payment world, but when the time comes, it will be deductable.

I think they have something similar for credit cards too, but basically, you shouldn’t pay any interest on anything that you can’t deduct, you sure as hell can’t earn any interest without paying taxes on it, so it’s fair going the other way.

[temeculaguy]

MY favorite is the tax reward auto loan. I’ve always had them, deducting your car payment (at least the interest portion) takes the sting out of it. I know they have them at sdccu, they probably have them at some other credit unions, and sdccu will convert your regualar auto loan or refi your auto loan so you can deduct it. Same payment, same interest, same terms, but you pay something like $50, one time and they drop a subordinated lien against your house (which technically makes it 2nd on the house), the car is still collateral, the home loan isn’t touched, doesn’t need to be settled in a refi, but technically if you don’t pay your car payment they can take your house.

You could refi your house and pay off your car but then you would be paying for the car for 30 years, this loan keeps it the 3,4, or 5 yr loan that cars usually are. When I learned of these about ten years ago, I was halfway through my car loan and they converted it without extending the loan, the only difference was the tax deduxtion.

The only catch is that you have to own an item of real estate to participate, during my renting years I was so steamed about not deducting my car payment that I paid it off and refused to buy another car. Now that everyone is broke, I don’t need a nice sled to get chicks so I haven’t rejoined the car payment world, but when the time comes, it will be deductable.

I think they have something similar for credit cards too, but basically, you shouldn’t pay any interest on anything that you can’t deduct, you sure as hell can’t earn any interest without paying taxes on it, so it’s fair going the other way.

[temeculaguy]

MY favorite is the tax reward auto loan. I’ve always had them, deducting your car payment (at least the interest portion) takes the sting out of it. I know they have them at sdccu, they probably have them at some other credit unions, and sdccu will convert your regualar auto loan or refi your auto loan so you can deduct it. Same payment, same interest, same terms, but you pay something like $50, one time and they drop a subordinated lien against your house (which technically makes it 2nd on the house), the car is still collateral, the home loan isn’t touched, doesn’t need to be settled in a refi, but technically if you don’t pay your car payment they can take your house.

You could refi your house and pay off your car but then you would be paying for the car for 30 years, this loan keeps it the 3,4, or 5 yr loan that cars usually are. When I learned of these about ten years ago, I was halfway through my car loan and they converted it without extending the loan, the only difference was the tax deduxtion.

The only catch is that you have to own an item of real estate to participate, during my renting years I was so steamed about not deducting my car payment that I paid it off and refused to buy another car. Now that everyone is broke, I don’t need a nice sled to get chicks so I haven’t rejoined the car payment world, but when the time comes, it will be deductable.

I think they have something similar for credit cards too, but basically, you shouldn’t pay any interest on anything that you can’t deduct, you sure as hell can’t earn any interest without paying taxes on it, so it’s fair going the other way.

[temeculaguy]

[quote=Allan from Fallbrook][quote=temeculaguy]Allan, that is not an indication of a societal breakdown, it’s just proof of the commonly held notion that HORSE WOMEN ARE CRAZY. Be careful to limit your daughter’s exposure to the horse, I’m not sure if it is a chemical in the fur or the equipment, nor do I know how long or what level of exposure is safe, my research is still ongoing.[/quote]

TG: You tell me this now?!? This info would have been extremely helpful BEFORE![/quote]

Actually I have mentioned it before

http://piggington.com/going_broke_on_300kyear#comment-128833

That is just one example, there were others, it’s one of my ealier theories. BTW, I read the thread that I linked, the first 4 pages are really good, would probably make it into a piggington top 50 list.

[temeculaguy]

[quote=Allan from Fallbrook][quote=temeculaguy]Allan, that is not an indication of a societal breakdown, it’s just proof of the commonly held notion that HORSE WOMEN ARE CRAZY. Be careful to limit your daughter’s exposure to the horse, I’m not sure if it is a chemical in the fur or the equipment, nor do I know how long or what level of exposure is safe, my research is still ongoing.[/quote]

TG: You tell me this now?!? This info would have been extremely helpful BEFORE![/quote]

Actually I have mentioned it before

http://piggington.com/going_broke_on_300kyear#comment-128833

That is just one example, there were others, it’s one of my ealier theories. BTW, I read the thread that I linked, the first 4 pages are really good, would probably make it into a piggington top 50 list.

[temeculaguy]

[quote=Allan from Fallbrook][quote=temeculaguy]Allan, that is not an indication of a societal breakdown, it’s just proof of the commonly held notion that HORSE WOMEN ARE CRAZY. Be careful to limit your daughter’s exposure to the horse, I’m not sure if it is a chemical in the fur or the equipment, nor do I know how long or what level of exposure is safe, my research is still ongoing.[/quote]

TG: You tell me this now?!? This info would have been extremely helpful BEFORE![/quote]

Actually I have mentioned it before

http://piggington.com/going_broke_on_300kyear#comment-128833

That is just one example, there were others, it’s one of my ealier theories. BTW, I read the thread that I linked, the first 4 pages are really good, would probably make it into a piggington top 50 list.

[temeculaguy]

[quote=Allan from Fallbrook][quote=temeculaguy]Allan, that is not an indication of a societal breakdown, it’s just proof of the commonly held notion that HORSE WOMEN ARE CRAZY. Be careful to limit your daughter’s exposure to the horse, I’m not sure if it is a chemical in the fur or the equipment, nor do I know how long or what level of exposure is safe, my research is still ongoing.[/quote]

TG: You tell me this now?!? This info would have been extremely helpful BEFORE![/quote]

Actually I have mentioned it before

http://piggington.com/going_broke_on_300kyear#comment-128833

That is just one example, there were others, it’s one of my ealier theories. BTW, I read the thread that I linked, the first 4 pages are really good, would probably make it into a piggington top 50 list.

[temeculaguy]

[quote=Allan from Fallbrook][quote=temeculaguy]Allan, that is not an indication of a societal breakdown, it’s just proof of the commonly held notion that HORSE WOMEN ARE CRAZY. Be careful to limit your daughter’s exposure to the horse, I’m not sure if it is a chemical in the fur or the equipment, nor do I know how long or what level of exposure is safe, my research is still ongoing.[/quote]

TG: You tell me this now?!? This info would have been extremely helpful BEFORE![/quote]

Actually I have mentioned it before

http://piggington.com/going_broke_on_300kyear#comment-128833

That is just one example, there were others, it’s one of my ealier theories. BTW, I read the thread that I linked, the first 4 pages are really good, would probably make it into a piggington top 50 list.

[temeculaguy]

Allan, that is not an indication of a societal breakdown, it’s just proof of the commonly held notion that HORSE WOMEN ARE CRAZY. Be careful to limit your daughter’s exposure to the horse, I’m not sure if it is a chemical in the fur or the equipment, nor do I know how long or what level of exposure is safe, my research is still ongoing.

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