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temeculaguy
Participantocrenter, and that’s list price. You’ll never find mine (actually you might because you are that good, but this isn’t a challenge so don’t take it) because the tax roll is wrong on the sq ft due to an optional room that somehow didn’t record when it was built and I’m not changing it. But I paid $83 a square in morgan, it’s worse than he predicted. 300k has been beaten as well, many times.
temeculaguy
Participantocrenter, and that’s list price. You’ll never find mine (actually you might because you are that good, but this isn’t a challenge so don’t take it) because the tax roll is wrong on the sq ft due to an optional room that somehow didn’t record when it was built and I’m not changing it. But I paid $83 a square in morgan, it’s worse than he predicted. 300k has been beaten as well, many times.
temeculaguy
Participantocrenter, and that’s list price. You’ll never find mine (actually you might because you are that good, but this isn’t a challenge so don’t take it) because the tax roll is wrong on the sq ft due to an optional room that somehow didn’t record when it was built and I’m not changing it. But I paid $83 a square in morgan, it’s worse than he predicted. 300k has been beaten as well, many times.
temeculaguy
Participantluchabee, thanks for bring back this one for two reasons. Firstly, one of my favorite all time posts that I’m most proud of is on page two. I remembered it vaugely, but after re-reading my community analysis based on breast implant ratios, I think that may be the theme of my next book.
Secondly, paramount’s prediction may have seemed far fetched at the time, in fact I remember bear made some as well, I thought they both were crazy. The market has overshot their predictions about 30% thus far, exactly a year later.
temeculaguy
Participantluchabee, thanks for bring back this one for two reasons. Firstly, one of my favorite all time posts that I’m most proud of is on page two. I remembered it vaugely, but after re-reading my community analysis based on breast implant ratios, I think that may be the theme of my next book.
Secondly, paramount’s prediction may have seemed far fetched at the time, in fact I remember bear made some as well, I thought they both were crazy. The market has overshot their predictions about 30% thus far, exactly a year later.
temeculaguy
Participantluchabee, thanks for bring back this one for two reasons. Firstly, one of my favorite all time posts that I’m most proud of is on page two. I remembered it vaugely, but after re-reading my community analysis based on breast implant ratios, I think that may be the theme of my next book.
Secondly, paramount’s prediction may have seemed far fetched at the time, in fact I remember bear made some as well, I thought they both were crazy. The market has overshot their predictions about 30% thus far, exactly a year later.
temeculaguy
Participantluchabee, thanks for bring back this one for two reasons. Firstly, one of my favorite all time posts that I’m most proud of is on page two. I remembered it vaugely, but after re-reading my community analysis based on breast implant ratios, I think that may be the theme of my next book.
Secondly, paramount’s prediction may have seemed far fetched at the time, in fact I remember bear made some as well, I thought they both were crazy. The market has overshot their predictions about 30% thus far, exactly a year later.
temeculaguy
Participantluchabee, thanks for bring back this one for two reasons. Firstly, one of my favorite all time posts that I’m most proud of is on page two. I remembered it vaugely, but after re-reading my community analysis based on breast implant ratios, I think that may be the theme of my next book.
Secondly, paramount’s prediction may have seemed far fetched at the time, in fact I remember bear made some as well, I thought they both were crazy. The market has overshot their predictions about 30% thus far, exactly a year later.
temeculaguy
Participantoc, thanks for the kudos, It’s still your theory (2001, et al), I’m just renting it.
Before we get too technical about the income tax deduction, use the rough rules of P&I vs rent. Taxes, insurance, MI, Hoa, water, trash, and all the other ownership expenses are roughly covered by the tax deduction. Compare the P&I by itself to comparable rent.
When the P&I and the rent are close to a draw, the knife is dull.
The deduction is nice but it is not a cure all, a wise man once told me, “Would you rather give $3 dollars to the bank or $1 to the government?”
temeculaguy
Participantoc, thanks for the kudos, It’s still your theory (2001, et al), I’m just renting it.
Before we get too technical about the income tax deduction, use the rough rules of P&I vs rent. Taxes, insurance, MI, Hoa, water, trash, and all the other ownership expenses are roughly covered by the tax deduction. Compare the P&I by itself to comparable rent.
When the P&I and the rent are close to a draw, the knife is dull.
The deduction is nice but it is not a cure all, a wise man once told me, “Would you rather give $3 dollars to the bank or $1 to the government?”
temeculaguy
Participantoc, thanks for the kudos, It’s still your theory (2001, et al), I’m just renting it.
Before we get too technical about the income tax deduction, use the rough rules of P&I vs rent. Taxes, insurance, MI, Hoa, water, trash, and all the other ownership expenses are roughly covered by the tax deduction. Compare the P&I by itself to comparable rent.
When the P&I and the rent are close to a draw, the knife is dull.
The deduction is nice but it is not a cure all, a wise man once told me, “Would you rather give $3 dollars to the bank or $1 to the government?”
temeculaguy
Participantoc, thanks for the kudos, It’s still your theory (2001, et al), I’m just renting it.
Before we get too technical about the income tax deduction, use the rough rules of P&I vs rent. Taxes, insurance, MI, Hoa, water, trash, and all the other ownership expenses are roughly covered by the tax deduction. Compare the P&I by itself to comparable rent.
When the P&I and the rent are close to a draw, the knife is dull.
The deduction is nice but it is not a cure all, a wise man once told me, “Would you rather give $3 dollars to the bank or $1 to the government?”
temeculaguy
Participantoc, thanks for the kudos, It’s still your theory (2001, et al), I’m just renting it.
Before we get too technical about the income tax deduction, use the rough rules of P&I vs rent. Taxes, insurance, MI, Hoa, water, trash, and all the other ownership expenses are roughly covered by the tax deduction. Compare the P&I by itself to comparable rent.
When the P&I and the rent are close to a draw, the knife is dull.
The deduction is nice but it is not a cure all, a wise man once told me, “Would you rather give $3 dollars to the bank or $1 to the government?”
temeculaguy
ParticipantDoes anyone else see what just happened, the op dropped in, laid down a bomb, got paramount and allan riled up, now if I buy a BMW my kids are going to build bombs. This sucks.
Since I’m over 40 and divorced, california law requires that I purchase a porsche or a corvette before my 42nd birthday. I’d love to give more to charity, but it’s the law.
Kidding aside, paramount and allan have valid points, what would be so bad about taking advantage of the downturn and buying something ridiculously affordable, something 1-2x income. I’m reminded of the doctor we had here a few weeks ago that was killing himslef at work to live the carmel valley lifestyle, the overwhelming advice was to waive goodbye to the Jonses, lower your self imposed expectations and find a way to enjoy this gift we call life. If we ever needed an Enorah quote it is now.
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