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UCGal
Participant[quote=bearishgurl]
I didn’t state in my post that IT WAS A FACT that Bay Park/Bay Ho were in the LJ school attendance area, only that Scarlett should check this out. I only have INTIMATE knowledge of South County. I recently called my friends in Bay Park and it turns out they were using “grandma’s” address in LJ for school attendance purposes, for child care reasons. Their children are now out of elem. school and no longer attending LJ schools.
[/quote]No worries, no fights… I was just trying to add information to the topic. It’s all good.
Participant[quote=bearishgurl]
I didn’t state in my post that IT WAS A FACT that Bay Park/Bay Ho were in the LJ school attendance area, only that Scarlett should check this out. I only have INTIMATE knowledge of South County. I recently called my friends in Bay Park and it turns out they were using “grandma’s” address in LJ for school attendance purposes, for child care reasons. Their children are now out of elem. school and no longer attending LJ schools.
[/quote]No worries, no fights… I was just trying to add information to the topic. It’s all good.
ParticipantBearishgurl…
Hey – I resemble that remark. LOL.
What about kids who purchase, at market value, from their parents?
That’s what I did. When my dad was ready to downsize, he needed/wanted the equity to fund his new home and his retirement. I paid full market value – but had Dad’s prop-tax-rate transferred. My neighbors across the street did the same thing 4 years earlier when their dad was downsizing. The guy at the top of our street did it about 7 years earlier. Only one 2nd gen’er on our block inherited the house, the guy 2 doors up – but he was primary caretaker for his mom for the final 10 years – he inherited 1/2 the house – he paid his brother for the other half.
I know for a fact that most of us owned other homes before purchasing from our parents. This is my third home. Neighbors across the street and up the hill both owned in Clairemont before moving back to the homestead in UC.
None of us (to my knowledge) have ATM’d the house. My neighbors across the street have the same stated goal we do – pay it off before retirement. That’s hard to do if you’re pulling cash out rather than paying off the balance. I don’t see a lot of fancy upgrades in the garages indicating HELOC madness on our block.
I can see an argument against transferring the prop 13 rate between generations. I also agree with CAR’s point about prop 13 being disallowed for non-owner-occupied… But, since it was available, I took advantage of it. But it wasn’t a full-on freebie. My dad was downsizing and hoped to transfer his tax rate to his new condo… You can’t do both. We decided to pool the two property taxes and split them – that way we both got some benefit.
As far as maintenance… well, perhaps I resemble that remark too… My front yard has a lot of weeds. My bad. But the other 2nd gen owners all have impeccable houses.
ParticipantBearishgurl…
Hey – I resemble that remark. LOL.
What about kids who purchase, at market value, from their parents?
That’s what I did. When my dad was ready to downsize, he needed/wanted the equity to fund his new home and his retirement. I paid full market value – but had Dad’s prop-tax-rate transferred. My neighbors across the street did the same thing 4 years earlier when their dad was downsizing. The guy at the top of our street did it about 7 years earlier. Only one 2nd gen’er on our block inherited the house, the guy 2 doors up – but he was primary caretaker for his mom for the final 10 years – he inherited 1/2 the house – he paid his brother for the other half.
I know for a fact that most of us owned other homes before purchasing from our parents. This is my third home. Neighbors across the street and up the hill both owned in Clairemont before moving back to the homestead in UC.
None of us (to my knowledge) have ATM’d the house. My neighbors across the street have the same stated goal we do – pay it off before retirement. That’s hard to do if you’re pulling cash out rather than paying off the balance. I don’t see a lot of fancy upgrades in the garages indicating HELOC madness on our block.
I can see an argument against transferring the prop 13 rate between generations. I also agree with CAR’s point about prop 13 being disallowed for non-owner-occupied… But, since it was available, I took advantage of it. But it wasn’t a full-on freebie. My dad was downsizing and hoped to transfer his tax rate to his new condo… You can’t do both. We decided to pool the two property taxes and split them – that way we both got some benefit.
As far as maintenance… well, perhaps I resemble that remark too… My front yard has a lot of weeds. My bad. But the other 2nd gen owners all have impeccable houses.
ParticipantBearishgurl…
Hey – I resemble that remark. LOL.
What about kids who purchase, at market value, from their parents?
That’s what I did. When my dad was ready to downsize, he needed/wanted the equity to fund his new home and his retirement. I paid full market value – but had Dad’s prop-tax-rate transferred. My neighbors across the street did the same thing 4 years earlier when their dad was downsizing. The guy at the top of our street did it about 7 years earlier. Only one 2nd gen’er on our block inherited the house, the guy 2 doors up – but he was primary caretaker for his mom for the final 10 years – he inherited 1/2 the house – he paid his brother for the other half.
I know for a fact that most of us owned other homes before purchasing from our parents. This is my third home. Neighbors across the street and up the hill both owned in Clairemont before moving back to the homestead in UC.
None of us (to my knowledge) have ATM’d the house. My neighbors across the street have the same stated goal we do – pay it off before retirement. That’s hard to do if you’re pulling cash out rather than paying off the balance. I don’t see a lot of fancy upgrades in the garages indicating HELOC madness on our block.
I can see an argument against transferring the prop 13 rate between generations. I also agree with CAR’s point about prop 13 being disallowed for non-owner-occupied… But, since it was available, I took advantage of it. But it wasn’t a full-on freebie. My dad was downsizing and hoped to transfer his tax rate to his new condo… You can’t do both. We decided to pool the two property taxes and split them – that way we both got some benefit.
As far as maintenance… well, perhaps I resemble that remark too… My front yard has a lot of weeds. My bad. But the other 2nd gen owners all have impeccable houses.
ParticipantBearishgurl…
Hey – I resemble that remark. LOL.
What about kids who purchase, at market value, from their parents?
That’s what I did. When my dad was ready to downsize, he needed/wanted the equity to fund his new home and his retirement. I paid full market value – but had Dad’s prop-tax-rate transferred. My neighbors across the street did the same thing 4 years earlier when their dad was downsizing. The guy at the top of our street did it about 7 years earlier. Only one 2nd gen’er on our block inherited the house, the guy 2 doors up – but he was primary caretaker for his mom for the final 10 years – he inherited 1/2 the house – he paid his brother for the other half.
I know for a fact that most of us owned other homes before purchasing from our parents. This is my third home. Neighbors across the street and up the hill both owned in Clairemont before moving back to the homestead in UC.
None of us (to my knowledge) have ATM’d the house. My neighbors across the street have the same stated goal we do – pay it off before retirement. That’s hard to do if you’re pulling cash out rather than paying off the balance. I don’t see a lot of fancy upgrades in the garages indicating HELOC madness on our block.
I can see an argument against transferring the prop 13 rate between generations. I also agree with CAR’s point about prop 13 being disallowed for non-owner-occupied… But, since it was available, I took advantage of it. But it wasn’t a full-on freebie. My dad was downsizing and hoped to transfer his tax rate to his new condo… You can’t do both. We decided to pool the two property taxes and split them – that way we both got some benefit.
As far as maintenance… well, perhaps I resemble that remark too… My front yard has a lot of weeds. My bad. But the other 2nd gen owners all have impeccable houses.
ParticipantBearishgurl…
Hey – I resemble that remark. LOL.
What about kids who purchase, at market value, from their parents?
That’s what I did. When my dad was ready to downsize, he needed/wanted the equity to fund his new home and his retirement. I paid full market value – but had Dad’s prop-tax-rate transferred. My neighbors across the street did the same thing 4 years earlier when their dad was downsizing. The guy at the top of our street did it about 7 years earlier. Only one 2nd gen’er on our block inherited the house, the guy 2 doors up – but he was primary caretaker for his mom for the final 10 years – he inherited 1/2 the house – he paid his brother for the other half.
I know for a fact that most of us owned other homes before purchasing from our parents. This is my third home. Neighbors across the street and up the hill both owned in Clairemont before moving back to the homestead in UC.
None of us (to my knowledge) have ATM’d the house. My neighbors across the street have the same stated goal we do – pay it off before retirement. That’s hard to do if you’re pulling cash out rather than paying off the balance. I don’t see a lot of fancy upgrades in the garages indicating HELOC madness on our block.
I can see an argument against transferring the prop 13 rate between generations. I also agree with CAR’s point about prop 13 being disallowed for non-owner-occupied… But, since it was available, I took advantage of it. But it wasn’t a full-on freebie. My dad was downsizing and hoped to transfer his tax rate to his new condo… You can’t do both. We decided to pool the two property taxes and split them – that way we both got some benefit.
As far as maintenance… well, perhaps I resemble that remark too… My front yard has a lot of weeds. My bad. But the other 2nd gen owners all have impeccable houses.
ParticipantDid anyone feel that 5.5 about a half hour ago?
Shook our building at work… But it’s a steel/concrete building that rattles if someone runs down the hall too fast.
ParticipantDid anyone feel that 5.5 about a half hour ago?
Shook our building at work… But it’s a steel/concrete building that rattles if someone runs down the hall too fast.
ParticipantDid anyone feel that 5.5 about a half hour ago?
Shook our building at work… But it’s a steel/concrete building that rattles if someone runs down the hall too fast.
ParticipantDid anyone feel that 5.5 about a half hour ago?
Shook our building at work… But it’s a steel/concrete building that rattles if someone runs down the hall too fast.
ParticipantDid anyone feel that 5.5 about a half hour ago?
Shook our building at work… But it’s a steel/concrete building that rattles if someone runs down the hall too fast.
ParticipantI sit corrected. I learned something new today. Thanks.
The friends I have all have kids and the associated “stuff”. Probably easier to do a DITY move if you’re single and/or kid free.
ParticipantI sit corrected. I learned something new today. Thanks.
The friends I have all have kids and the associated “stuff”. Probably easier to do a DITY move if you’re single and/or kid free.
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