[temeculaguy]

TemekuT, good point, I only assumed that a piggy would never heloc over 100k of non aquisition debt, we are a collection of the most frugal financial throwbacks I know, which is why I like it here. Silly me, I’ll go sit in my corner now.

Now if you heloc’d 35k for a pool and 20k for your honda accord or used lexus, you’ll be fine, but don’t take the car out of the house on a 10 or 30 year loan, get a standard term auto loan and have a pre-subordinated lien dropped on the house, but with the car as the primary collateral (house is just for show) so you can get a 1099-int.

Rent your jet ski’s or find friend who has them, don’t drive lifted trucks, it screams small pen&*, and pay cash for travel, so endeth the lesson.

[temeculaguy]

TemekuT, good point, I only assumed that a piggy would never heloc over 100k of non aquisition debt, we are a collection of the most frugal financial throwbacks I know, which is why I like it here. Silly me, I’ll go sit in my corner now.

Now if you heloc’d 35k for a pool and 20k for your honda accord or used lexus, you’ll be fine, but don’t take the car out of the house on a 10 or 30 year loan, get a standard term auto loan and have a pre-subordinated lien dropped on the house, but with the car as the primary collateral (house is just for show) so you can get a 1099-int.

Rent your jet ski’s or find friend who has them, don’t drive lifted trucks, it screams small pen&*, and pay cash for travel, so endeth the lesson.

[temeculaguy]

TemekuT, good point, I only assumed that a piggy would never heloc over 100k of non aquisition debt, we are a collection of the most frugal financial throwbacks I know, which is why I like it here. Silly me, I’ll go sit in my corner now.

Now if you heloc’d 35k for a pool and 20k for your honda accord or used lexus, you’ll be fine, but don’t take the car out of the house on a 10 or 30 year loan, get a standard term auto loan and have a pre-subordinated lien dropped on the house, but with the car as the primary collateral (house is just for show) so you can get a 1099-int.

Rent your jet ski’s or find friend who has them, don’t drive lifted trucks, it screams small pen&*, and pay cash for travel, so endeth the lesson.

[temeculaguy]

TemekuT, good point, I only assumed that a piggy would never heloc over 100k of non aquisition debt, we are a collection of the most frugal financial throwbacks I know, which is why I like it here. Silly me, I’ll go sit in my corner now.

Now if you heloc’d 35k for a pool and 20k for your honda accord or used lexus, you’ll be fine, but don’t take the car out of the house on a 10 or 30 year loan, get a standard term auto loan and have a pre-subordinated lien dropped on the house, but with the car as the primary collateral (house is just for show) so you can get a 1099-int.

Rent your jet ski’s or find friend who has them, don’t drive lifted trucks, it screams small pen&*, and pay cash for travel, so endeth the lesson.

[temeculaguy]

Salt water is actually a little cheaper to maintain, the salt is cheaper than chlorine, but both are only a minor expense. Solar is another cost saver but no matter what filtration or heating method, the electricity is where you will get stung. Water has to move, pumps have to run about 4 hours in winter and 6 or 8 in summer, it’s like running your air conditioner every day. You live in Riverside county and SCE has higher rates than SDG&E, plus the way the bill works, the added electricity will all be at the highest over baseline rate, and last I checked, electricity rates aren’t going down. Get a friend with a pool who likes to entertain, it’s just like a boat, the best one is someone else’s.

[temeculaguy]

Salt water is actually a little cheaper to maintain, the salt is cheaper than chlorine, but both are only a minor expense. Solar is another cost saver but no matter what filtration or heating method, the electricity is where you will get stung. Water has to move, pumps have to run about 4 hours in winter and 6 or 8 in summer, it’s like running your air conditioner every day. You live in Riverside county and SCE has higher rates than SDG&E, plus the way the bill works, the added electricity will all be at the highest over baseline rate, and last I checked, electricity rates aren’t going down. Get a friend with a pool who likes to entertain, it’s just like a boat, the best one is someone else’s.

[temeculaguy]

Salt water is actually a little cheaper to maintain, the salt is cheaper than chlorine, but both are only a minor expense. Solar is another cost saver but no matter what filtration or heating method, the electricity is where you will get stung. Water has to move, pumps have to run about 4 hours in winter and 6 or 8 in summer, it’s like running your air conditioner every day. You live in Riverside county and SCE has higher rates than SDG&E, plus the way the bill works, the added electricity will all be at the highest over baseline rate, and last I checked, electricity rates aren’t going down. Get a friend with a pool who likes to entertain, it’s just like a boat, the best one is someone else’s.

[temeculaguy]

Salt water is actually a little cheaper to maintain, the salt is cheaper than chlorine, but both are only a minor expense. Solar is another cost saver but no matter what filtration or heating method, the electricity is where you will get stung. Water has to move, pumps have to run about 4 hours in winter and 6 or 8 in summer, it’s like running your air conditioner every day. You live in Riverside county and SCE has higher rates than SDG&E, plus the way the bill works, the added electricity will all be at the highest over baseline rate, and last I checked, electricity rates aren’t going down. Get a friend with a pool who likes to entertain, it’s just like a boat, the best one is someone else’s.

[temeculaguy]

Salt water is actually a little cheaper to maintain, the salt is cheaper than chlorine, but both are only a minor expense. Solar is another cost saver but no matter what filtration or heating method, the electricity is where you will get stung. Water has to move, pumps have to run about 4 hours in winter and 6 or 8 in summer, it’s like running your air conditioner every day. You live in Riverside county and SCE has higher rates than SDG&E, plus the way the bill works, the added electricity will all be at the highest over baseline rate, and last I checked, electricity rates aren’t going down. Get a friend with a pool who likes to entertain, it’s just like a boat, the best one is someone else’s.

[temeculaguy]

Almost everyone writes off their pool, it’s perfectly legal and it is not a loophole. If you buy a home with a pool, the interest on the mortgage is deductable, if you add one yourself and finance it, then it is deductable, it is considered a home improvement, just like an addition, it’s a fixed item and improves the value. The reality is that once you own a home you should be deducting any loan payments, including your car (tax reward subordinated 4 or 5 year auto loan, San Diego County Credit Union markets them heavily).

What you will not be able to deduct is the maintenance and utilities, ballpark estimate is about $500 a month just to keep it going, it will double your utility bills, most notably electricity to filter it 4-8 hours a day. Heat, water, chemicals and cleaning on top of that and every year some $500 or $1000 component needs replacing. Enjoy!

[temeculaguy]

Almost everyone writes off their pool, it’s perfectly legal and it is not a loophole. If you buy a home with a pool, the interest on the mortgage is deductable, if you add one yourself and finance it, then it is deductable, it is considered a home improvement, just like an addition, it’s a fixed item and improves the value. The reality is that once you own a home you should be deducting any loan payments, including your car (tax reward subordinated 4 or 5 year auto loan, San Diego County Credit Union markets them heavily).

What you will not be able to deduct is the maintenance and utilities, ballpark estimate is about $500 a month just to keep it going, it will double your utility bills, most notably electricity to filter it 4-8 hours a day. Heat, water, chemicals and cleaning on top of that and every year some $500 or $1000 component needs replacing. Enjoy!

[temeculaguy]

Almost everyone writes off their pool, it’s perfectly legal and it is not a loophole. If you buy a home with a pool, the interest on the mortgage is deductable, if you add one yourself and finance it, then it is deductable, it is considered a home improvement, just like an addition, it’s a fixed item and improves the value. The reality is that once you own a home you should be deducting any loan payments, including your car (tax reward subordinated 4 or 5 year auto loan, San Diego County Credit Union markets them heavily).

What you will not be able to deduct is the maintenance and utilities, ballpark estimate is about $500 a month just to keep it going, it will double your utility bills, most notably electricity to filter it 4-8 hours a day. Heat, water, chemicals and cleaning on top of that and every year some $500 or $1000 component needs replacing. Enjoy!

[temeculaguy]

Almost everyone writes off their pool, it’s perfectly legal and it is not a loophole. If you buy a home with a pool, the interest on the mortgage is deductable, if you add one yourself and finance it, then it is deductable, it is considered a home improvement, just like an addition, it’s a fixed item and improves the value. The reality is that once you own a home you should be deducting any loan payments, including your car (tax reward subordinated 4 or 5 year auto loan, San Diego County Credit Union markets them heavily).

What you will not be able to deduct is the maintenance and utilities, ballpark estimate is about $500 a month just to keep it going, it will double your utility bills, most notably electricity to filter it 4-8 hours a day. Heat, water, chemicals and cleaning on top of that and every year some $500 or $1000 component needs replacing. Enjoy!

[temeculaguy]

Almost everyone writes off their pool, it’s perfectly legal and it is not a loophole. If you buy a home with a pool, the interest on the mortgage is deductable, if you add one yourself and finance it, then it is deductable, it is considered a home improvement, just like an addition, it’s a fixed item and improves the value. The reality is that once you own a home you should be deducting any loan payments, including your car (tax reward subordinated 4 or 5 year auto loan, San Diego County Credit Union markets them heavily).

What you will not be able to deduct is the maintenance and utilities, ballpark estimate is about $500 a month just to keep it going, it will double your utility bills, most notably electricity to filter it 4-8 hours a day. Heat, water, chemicals and cleaning on top of that and every year some $500 or $1000 component needs replacing. Enjoy!

[temeculaguy]

Popcorn Theory in effect. JP, little history for you, about two years ago I was constantly lamenting on the boards that all of the price slashing wasn’t taking place in the heart of Temecula, it was all 20 miles North of Temecula. South Temecula was holding up, then one popped up 10 miles away from where I wanted to be, then another, then 5. Six months later, one crazy priced one popped up in my hood, then another, then five more, then fifty more. It was like microwave popcorn, and the Popcorn theory was born. It moved like a virus or a train, hence, the Pain Train Theory. A similar thing was taking place in Eastlake at the same time. Many people thought downtown, Northpark, Southpark, South Bay and East County (already started) would be the next to be affected and it is very possible that you found the first kernal that popped in that area, keep watching, it’s fun. One tip, if it is the beginning of the Popcorn theory, the first to pop are usually crappy properties, this 600 sq ft, built in 1923, fits that description. The next one may be tolerable, but stay patient because when the bulk of the popping happens, the nice places get mixed in. Bon Appetit.

[Author]

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