[temeculaguy]

[quote=mike92104]Tons of good info. I’m not trying to compare to rents. I’m wondering about how much I will save in taxes on a 270k’ish house with a household income of 75k and no kids.[/quote]

If I may offer a suggestion, try to adjust your sights down just a bit. That’s nearing 4x income and you didn’t indicate if you had 20% down, if you are using the 270 figure for tax purposes then it’s likely near the loan size (you can’t use the purchase price for tax purposes, just the loan amount when looking at calculators), that may be too much debt load for you, especially if it’s your first house. There are lot’s of factors like where you are in your life and career, if you will be making more in the near term. I say start the search in the 200-225 range.

3x income is a nice rule of thumb, cushion is good. without knowing a thing about you, no kids now doesn’t always mean no kids ever, ask around, it happens.

And you should compare to rents, it’s a basic fundamental, but tax savings isn’t, that is just a factor. Don’t buy on a factor and ignore a fundamental.

Giving $4 to the bank in order to avoid giving $1 to the government, still leaves you out $3, what these wise people are telling you is that if you are already giving that $3 to your landlord, then it’s time break out the calculator, but if you’re only giving $1.50 to the landlord, then it isn’t.

[temeculaguy]

[quote=mike92104]Tons of good info. I’m not trying to compare to rents. I’m wondering about how much I will save in taxes on a 270k’ish house with a household income of 75k and no kids.[/quote]

If I may offer a suggestion, try to adjust your sights down just a bit. That’s nearing 4x income and you didn’t indicate if you had 20% down, if you are using the 270 figure for tax purposes then it’s likely near the loan size (you can’t use the purchase price for tax purposes, just the loan amount when looking at calculators), that may be too much debt load for you, especially if it’s your first house. There are lot’s of factors like where you are in your life and career, if you will be making more in the near term. I say start the search in the 200-225 range.

3x income is a nice rule of thumb, cushion is good. without knowing a thing about you, no kids now doesn’t always mean no kids ever, ask around, it happens.

And you should compare to rents, it’s a basic fundamental, but tax savings isn’t, that is just a factor. Don’t buy on a factor and ignore a fundamental.

Giving $4 to the bank in order to avoid giving $1 to the government, still leaves you out $3, what these wise people are telling you is that if you are already giving that $3 to your landlord, then it’s time break out the calculator, but if you’re only giving $1.50 to the landlord, then it isn’t.

[temeculaguy]

[quote=mike92104]Tons of good info. I’m not trying to compare to rents. I’m wondering about how much I will save in taxes on a 270k’ish house with a household income of 75k and no kids.[/quote]

If I may offer a suggestion, try to adjust your sights down just a bit. That’s nearing 4x income and you didn’t indicate if you had 20% down, if you are using the 270 figure for tax purposes then it’s likely near the loan size (you can’t use the purchase price for tax purposes, just the loan amount when looking at calculators), that may be too much debt load for you, especially if it’s your first house. There are lot’s of factors like where you are in your life and career, if you will be making more in the near term. I say start the search in the 200-225 range.

3x income is a nice rule of thumb, cushion is good. without knowing a thing about you, no kids now doesn’t always mean no kids ever, ask around, it happens.

And you should compare to rents, it’s a basic fundamental, but tax savings isn’t, that is just a factor. Don’t buy on a factor and ignore a fundamental.

Giving $4 to the bank in order to avoid giving $1 to the government, still leaves you out $3, what these wise people are telling you is that if you are already giving that $3 to your landlord, then it’s time break out the calculator, but if you’re only giving $1.50 to the landlord, then it isn’t.

[temeculaguy]

[quote=mike92104]Tons of good info. I’m not trying to compare to rents. I’m wondering about how much I will save in taxes on a 270k’ish house with a household income of 75k and no kids.[/quote]

If I may offer a suggestion, try to adjust your sights down just a bit. That’s nearing 4x income and you didn’t indicate if you had 20% down, if you are using the 270 figure for tax purposes then it’s likely near the loan size (you can’t use the purchase price for tax purposes, just the loan amount when looking at calculators), that may be too much debt load for you, especially if it’s your first house. There are lot’s of factors like where you are in your life and career, if you will be making more in the near term. I say start the search in the 200-225 range.

3x income is a nice rule of thumb, cushion is good. without knowing a thing about you, no kids now doesn’t always mean no kids ever, ask around, it happens.

And you should compare to rents, it’s a basic fundamental, but tax savings isn’t, that is just a factor. Don’t buy on a factor and ignore a fundamental.

Giving $4 to the bank in order to avoid giving $1 to the government, still leaves you out $3, what these wise people are telling you is that if you are already giving that $3 to your landlord, then it’s time break out the calculator, but if you’re only giving $1.50 to the landlord, then it isn’t.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

I did a refin search extracting out all the shorts and pendings, cheapest ppsf south of temecula parkway was $91 a square, give it till this fall and then promise you will wear a helmet.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

[quote=snail]I used to be an owner, but now just a low life renter. I do really want to buy again but on the other hand don’t really want the hassle of selling if the job requires to. I also think when it is time to retire, I will be staying not in a house but on a senior apartment. So, why worry about buying a house anyway (I only going to buy if it get to $75/sqft in Morgan Hill, where is BEARVINE?). I will just spend my money on a HOG, what do anyone suggest a Roadking or a FatBoy?(sorry for hi-jack)[/quote]

Yeah, where is Bearvine?

Cmon, snail, hold on a tad longer before dropping it on a bike, I pulled $83 a square in morgan and half these boards think I am an idiot for doing so, even if the shadow inventory theory doesn’t live up to expectations, there’s gotta be $8 a square wiggle room in there for ya, that’s like 5%, even I think that’s in the bag by years end, don’t throw in the towel yet. Throw down on some shorts, you never know you might get one, there are some sub $75 shorts out there.

here’s an $81

http://www.redfin.com/CA/Temecula/44917-Dolce-St-92592/home/12506937

and here’s a $67

http://www.redfin.com/CA/Temecula/33675-Sattui-St-92592/home/12508373

They are both shorts so the list price might not be accepted and the second one you aren’t allowed to tour it until your offer is accepted (WTF!).

But there have been others in the 80-90 a square that have sold, stay out of the harley showroom just a little bit longer.

[temeculaguy]

I like that guy, dude’s got game and balance, nice read. Here’s what I didn’t like, he presented an extremely well thought out and well researched argument. It reinforces the fact, that I screwed up and missed the bottom in the stock market during the first week of march. I actually already felt I did but was kinda thinking I’d get a second chance sometime in the next 12 months. 56% probablility and rapidly decling was the aggregate prediction at the end but the narrative wasn’t as optimistic, sometimes the one picture you don’t want to look at is a mirror.

[Author]

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