[temeculaguy]

Somewhere around 30% of the homes in the country have no mortgage (that’s a negotiable stat in CA, I couldn’t find a CA number I trusted). Many of these are owned by older people and here in CA, prop 13 creates a situation where it is more beneficial to keep a home in the family when people die or need different living arrangements. This is why I am hesitant to factor in pure baby boomer stats as future inventory. In my own family, we never parted with R/E that was purchased in the 1970’s or earlier, maybe one or two of the kids buys out the others, maybe it became a rental if nobody needed or wanted to live there, but you think long and hard about selling it because of the property tax implications. My grandmothers house which she bought in the 1950’s had a yearly tax bill of something like $500 and was worth 500k, that’s 1/10th of a percent and the taxes don’t reset if transfered between family members or kept in trust, you just dont give that up without careful consideration. Prop 13 was designed to help older homeowners and 30 years later, we will see if it has an effect, but if I was livig in a paid off house with a $50 monthly property tax bill, I don’t know if I’d leave until they carted me off, then my kids would probably think long and hard about selling the only house they will ever be able to have where they essentially don’t have to pay property taxes on.

[temeculaguy]

Somewhere around 30% of the homes in the country have no mortgage (that’s a negotiable stat in CA, I couldn’t find a CA number I trusted). Many of these are owned by older people and here in CA, prop 13 creates a situation where it is more beneficial to keep a home in the family when people die or need different living arrangements. This is why I am hesitant to factor in pure baby boomer stats as future inventory. In my own family, we never parted with R/E that was purchased in the 1970’s or earlier, maybe one or two of the kids buys out the others, maybe it became a rental if nobody needed or wanted to live there, but you think long and hard about selling it because of the property tax implications. My grandmothers house which she bought in the 1950’s had a yearly tax bill of something like $500 and was worth 500k, that’s 1/10th of a percent and the taxes don’t reset if transfered between family members or kept in trust, you just dont give that up without careful consideration. Prop 13 was designed to help older homeowners and 30 years later, we will see if it has an effect, but if I was livig in a paid off house with a $50 monthly property tax bill, I don’t know if I’d leave until they carted me off, then my kids would probably think long and hard about selling the only house they will ever be able to have where they essentially don’t have to pay property taxes on.

[temeculaguy]

Somewhere around 30% of the homes in the country have no mortgage (that’s a negotiable stat in CA, I couldn’t find a CA number I trusted). Many of these are owned by older people and here in CA, prop 13 creates a situation where it is more beneficial to keep a home in the family when people die or need different living arrangements. This is why I am hesitant to factor in pure baby boomer stats as future inventory. In my own family, we never parted with R/E that was purchased in the 1970’s or earlier, maybe one or two of the kids buys out the others, maybe it became a rental if nobody needed or wanted to live there, but you think long and hard about selling it because of the property tax implications. My grandmothers house which she bought in the 1950’s had a yearly tax bill of something like $500 and was worth 500k, that’s 1/10th of a percent and the taxes don’t reset if transfered between family members or kept in trust, you just dont give that up without careful consideration. Prop 13 was designed to help older homeowners and 30 years later, we will see if it has an effect, but if I was livig in a paid off house with a $50 monthly property tax bill, I don’t know if I’d leave until they carted me off, then my kids would probably think long and hard about selling the only house they will ever be able to have where they essentially don’t have to pay property taxes on.

[temeculaguy]

Somewhere around 30% of the homes in the country have no mortgage (that’s a negotiable stat in CA, I couldn’t find a CA number I trusted). Many of these are owned by older people and here in CA, prop 13 creates a situation where it is more beneficial to keep a home in the family when people die or need different living arrangements. This is why I am hesitant to factor in pure baby boomer stats as future inventory. In my own family, we never parted with R/E that was purchased in the 1970’s or earlier, maybe one or two of the kids buys out the others, maybe it became a rental if nobody needed or wanted to live there, but you think long and hard about selling it because of the property tax implications. My grandmothers house which she bought in the 1950’s had a yearly tax bill of something like $500 and was worth 500k, that’s 1/10th of a percent and the taxes don’t reset if transfered between family members or kept in trust, you just dont give that up without careful consideration. Prop 13 was designed to help older homeowners and 30 years later, we will see if it has an effect, but if I was livig in a paid off house with a $50 monthly property tax bill, I don’t know if I’d leave until they carted me off, then my kids would probably think long and hard about selling the only house they will ever be able to have where they essentially don’t have to pay property taxes on.

[temeculaguy]

WFB and Thread come out of the closet on the same day and join the dark side, what is this world coming to? Hope you both stick around, were losing the old guard fairly quickly these days. I know flu and I (and a few others) still hang out because we think we are gonna pick up some cheap rentals if the shadow thing ever does appear, but like you, I’ve believed for so long I’m starting to think I have a better chance of seeing bigfoot.

[temeculaguy]

WFB and Thread come out of the closet on the same day and join the dark side, what is this world coming to? Hope you both stick around, were losing the old guard fairly quickly these days. I know flu and I (and a few others) still hang out because we think we are gonna pick up some cheap rentals if the shadow thing ever does appear, but like you, I’ve believed for so long I’m starting to think I have a better chance of seeing bigfoot.

[temeculaguy]

WFB and Thread come out of the closet on the same day and join the dark side, what is this world coming to? Hope you both stick around, were losing the old guard fairly quickly these days. I know flu and I (and a few others) still hang out because we think we are gonna pick up some cheap rentals if the shadow thing ever does appear, but like you, I’ve believed for so long I’m starting to think I have a better chance of seeing bigfoot.

[temeculaguy]

WFB and Thread come out of the closet on the same day and join the dark side, what is this world coming to? Hope you both stick around, were losing the old guard fairly quickly these days. I know flu and I (and a few others) still hang out because we think we are gonna pick up some cheap rentals if the shadow thing ever does appear, but like you, I’ve believed for so long I’m starting to think I have a better chance of seeing bigfoot.

[temeculaguy]

WFB and Thread come out of the closet on the same day and join the dark side, what is this world coming to? Hope you both stick around, were losing the old guard fairly quickly these days. I know flu and I (and a few others) still hang out because we think we are gonna pick up some cheap rentals if the shadow thing ever does appear, but like you, I’ve believed for so long I’m starting to think I have a better chance of seeing bigfoot.

[temeculaguy]

Good numbers WFB!! Biting off less than you can chew is very “in” these days. No matter what happens moving forward, don’t you just feel good you saved 30%. 20% down, 6 months reserves, a house you can afford, the hokey pokey is not what it’s all about, your situation is. Enjoy!

[temeculaguy]

Good numbers WFB!! Biting off less than you can chew is very “in” these days. No matter what happens moving forward, don’t you just feel good you saved 30%. 20% down, 6 months reserves, a house you can afford, the hokey pokey is not what it’s all about, your situation is. Enjoy!

[temeculaguy]

Good numbers WFB!! Biting off less than you can chew is very “in” these days. No matter what happens moving forward, don’t you just feel good you saved 30%. 20% down, 6 months reserves, a house you can afford, the hokey pokey is not what it’s all about, your situation is. Enjoy!

[temeculaguy]

Good numbers WFB!! Biting off less than you can chew is very “in” these days. No matter what happens moving forward, don’t you just feel good you saved 30%. 20% down, 6 months reserves, a house you can afford, the hokey pokey is not what it’s all about, your situation is. Enjoy!

[temeculaguy]

Good numbers WFB!! Biting off less than you can chew is very “in” these days. No matter what happens moving forward, don’t you just feel good you saved 30%. 20% down, 6 months reserves, a house you can afford, the hokey pokey is not what it’s all about, your situation is. Enjoy!

[temeculaguy]

[quote=FormerSanDiegan]
What did people say on this board back in March ?

I’m pretty sure there were few suggesting to buy stocks.

[/quote]

There weren’t that many, I floated a plan on March 5th, got more voting against it than for it. There are a couple of stock minded folks here but not many, we are mostly dart throwers (with a couple of exceptions, chris, stan, etc.). Here’s the March 5th plan in all it’s glory, read who’s predictions were right and who predicted we’d be eating spam by now.

http://piggington.com/dow_to_4000#comment-110240

and a little update how much money I’d have today if I hadn’t listened to the advice of bloggers and expert authors.

HOG 8.33 to 16.79 1k= 2,015
GE 7.06 to 11.76 1k= 1,665
F 1.70 to 5.78 1k= 3,400
HOV .58 to 2.45 1k= 4,224
COST 38.98 to 46.20 1k= 1,185
MO 15.72 to 16.50 1k= 1,049

6k invested March 6th would be worth over 13k today, I could have recouped my initial investment and just played with house money from here on out. Will there be another pullback, I hope so, but I fear Eugene has a point, I may have missed the best buying opportunity in recent times.

My advice, do your own research, trust your gut, turn off your targeting computer and use the force Luke.

It’s a damn good thing these same bloggers saved me 300k on my house or I’d be really pissed.

[Author]

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