[ucodegen]

If this information has not been released to the general public, you can do jack shit. Any action done on stock trades under this condition is illegal.

Morality anyone?

[ucodegen]

If this information has not been released to the general public, you can do jack shit. Any action done on stock trades under this condition is illegal.

Morality anyone?

[ucodegen]

I would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.

Nawww.. because some knife catcher is will try to pick them up.. (greater fool theory). It will be hard to tell who the last and greatest fool is.. because somewhere in there, some of the smart patient ones will be picking up the properties. I would look at debt income ratios and monthly payment burdens.

[ucodegen]

I would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.

Nawww.. because some knife catcher is will try to pick them up.. (greater fool theory). It will be hard to tell who the last and greatest fool is.. because somewhere in there, some of the smart patient ones will be picking up the properties. I would look at debt income ratios and monthly payment burdens.

[ucodegen]

I would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.

Nawww.. because some knife catcher is will try to pick them up.. (greater fool theory). It will be hard to tell who the last and greatest fool is.. because somewhere in there, some of the smart patient ones will be picking up the properties. I would look at debt income ratios and monthly payment burdens.

[ucodegen]

I would say that the day he gives up and starts selling his properties just to get rid of them is probably when you can call “bottom”.

Nawww.. because some knife catcher is will try to pick them up.. (greater fool theory). It will be hard to tell who the last and greatest fool is.. because somewhere in there, some of the smart patient ones will be picking up the properties. I would look at debt income ratios and monthly payment burdens.

[ucodegen]

I think AMT kicks in way less than $100,000 per single.

Anybody know the details on AMT?

The real answer is… it depends. Instructions for AMT are on page 39 of form 1040. The instructions can be confusing as hell.

By what definition isn’t it high income? Especially since in this context high income means “high enough that you can afford to pay a slightly higher tax rate”, not “high enough that you can afford to start your own country”. It’s more than 90-some percent of *household* incomes in the area,

Median income in San Diego is $63,400/yr. This means 50% of the people have higher incomes, 50% have lower incomes. To purchase a median priced house in San Diego (price $455,000), you need an income of $144,294 to support it. If you work in the ‘technology’ fields, there is a very good chance that your income is above $100,000/yr… therefore more than 90% of the households in San Diego don’t have incomes less than $100,000.

Data from San Diego Housing Federation

San Diego Housing Commission has it at median price of $472,000 income $100,000. I suspect their data is a little old because house prices have come down and interest rates have gone up.

Here are some interesting demographics on Carmel Valley. Median income $110,128, average $164,212 (some real high earners are skewing the statistics).

[ucodegen]

I think AMT kicks in way less than $100,000 per single.

Anybody know the details on AMT?

The real answer is… it depends. Instructions for AMT are on page 39 of form 1040. The instructions can be confusing as hell.

By what definition isn’t it high income? Especially since in this context high income means “high enough that you can afford to pay a slightly higher tax rate”, not “high enough that you can afford to start your own country”. It’s more than 90-some percent of *household* incomes in the area,

Median income in San Diego is $63,400/yr. This means 50% of the people have higher incomes, 50% have lower incomes. To purchase a median priced house in San Diego (price $455,000), you need an income of $144,294 to support it. If you work in the ‘technology’ fields, there is a very good chance that your income is above $100,000/yr… therefore more than 90% of the households in San Diego don’t have incomes less than $100,000.

Data from San Diego Housing Federation

San Diego Housing Commission has it at median price of $472,000 income $100,000. I suspect their data is a little old because house prices have come down and interest rates have gone up.

Here are some interesting demographics on Carmel Valley. Median income $110,128, average $164,212 (some real high earners are skewing the statistics).

[ucodegen]

I think AMT kicks in way less than $100,000 per single.

Anybody know the details on AMT?

The real answer is… it depends. Instructions for AMT are on page 39 of form 1040. The instructions can be confusing as hell.

By what definition isn’t it high income? Especially since in this context high income means “high enough that you can afford to pay a slightly higher tax rate”, not “high enough that you can afford to start your own country”. It’s more than 90-some percent of *household* incomes in the area,

Median income in San Diego is $63,400/yr. This means 50% of the people have higher incomes, 50% have lower incomes. To purchase a median priced house in San Diego (price $455,000), you need an income of $144,294 to support it. If you work in the ‘technology’ fields, there is a very good chance that your income is above $100,000/yr… therefore more than 90% of the households in San Diego don’t have incomes less than $100,000.

Data from San Diego Housing Federation

San Diego Housing Commission has it at median price of $472,000 income $100,000. I suspect their data is a little old because house prices have come down and interest rates have gone up.

Here are some interesting demographics on Carmel Valley. Median income $110,128, average $164,212 (some real high earners are skewing the statistics).

[ucodegen]

I think AMT kicks in way less than $100,000 per single.

Anybody know the details on AMT?

The real answer is… it depends. Instructions for AMT are on page 39 of form 1040. The instructions can be confusing as hell.

By what definition isn’t it high income? Especially since in this context high income means “high enough that you can afford to pay a slightly higher tax rate”, not “high enough that you can afford to start your own country”. It’s more than 90-some percent of *household* incomes in the area,

Median income in San Diego is $63,400/yr. This means 50% of the people have higher incomes, 50% have lower incomes. To purchase a median priced house in San Diego (price $455,000), you need an income of $144,294 to support it. If you work in the ‘technology’ fields, there is a very good chance that your income is above $100,000/yr… therefore more than 90% of the households in San Diego don’t have incomes less than $100,000.

Data from San Diego Housing Federation

San Diego Housing Commission has it at median price of $472,000 income $100,000. I suspect their data is a little old because house prices have come down and interest rates have gone up.

Here are some interesting demographics on Carmel Valley. Median income $110,128, average $164,212 (some real high earners are skewing the statistics).

[ucodegen]

One question.. don’t have much time to answer before turning into pumpkin. Are your retirement accounts (401K, profit share, etc) fully funded?

In a general statement; the CDs are actually losing you money in three ways.
1) They are not keeping up with the mortgage costs they could displace (particularly when you include the fact that the CD’s interest is taxed at income rates, further dropping the yield)
2) Opportunity cost of investing somewhere else with a better yield. Most sweeps at brokerages range from 2.2% to over 5%. This is the ‘safe’ money at a brokerage.. stock yields vary.
3) The value of the Dollars in the CDs is actually dropping. If you look at the foreign exchange rates, the US Dollar is dropping against several currencies.

The MMA scheme w/ the program will not really help. Right off the bat, it adds a very expensive cost on top of everything for the software. Then you have that HELOC with a 21% peak interest rate. The other thing is that you have cash that you could potentially drop into the mortgage anytime you like. Using a HELOC for mortgage payments would actually cost you more.

A better allocation of funds combined with a HELOC for emergency cash would work better.. or using the CDs to pay down the mortgage with a HELOC for emergency cash would also work better. You can definitely get better than 21% peak for a HELOC. The choices all depend upon your risk tolerance and where you feel risk is.

[ucodegen]

One question.. don’t have much time to answer before turning into pumpkin. Are your retirement accounts (401K, profit share, etc) fully funded?

In a general statement; the CDs are actually losing you money in three ways.
1) They are not keeping up with the mortgage costs they could displace (particularly when you include the fact that the CD’s interest is taxed at income rates, further dropping the yield)
2) Opportunity cost of investing somewhere else with a better yield. Most sweeps at brokerages range from 2.2% to over 5%. This is the ‘safe’ money at a brokerage.. stock yields vary.
3) The value of the Dollars in the CDs is actually dropping. If you look at the foreign exchange rates, the US Dollar is dropping against several currencies.

The MMA scheme w/ the program will not really help. Right off the bat, it adds a very expensive cost on top of everything for the software. Then you have that HELOC with a 21% peak interest rate. The other thing is that you have cash that you could potentially drop into the mortgage anytime you like. Using a HELOC for mortgage payments would actually cost you more.

A better allocation of funds combined with a HELOC for emergency cash would work better.. or using the CDs to pay down the mortgage with a HELOC for emergency cash would also work better. You can definitely get better than 21% peak for a HELOC. The choices all depend upon your risk tolerance and where you feel risk is.

[ucodegen]

One question.. don’t have much time to answer before turning into pumpkin. Are your retirement accounts (401K, profit share, etc) fully funded?

In a general statement; the CDs are actually losing you money in three ways.
1) They are not keeping up with the mortgage costs they could displace (particularly when you include the fact that the CD’s interest is taxed at income rates, further dropping the yield)
2) Opportunity cost of investing somewhere else with a better yield. Most sweeps at brokerages range from 2.2% to over 5%. This is the ‘safe’ money at a brokerage.. stock yields vary.
3) The value of the Dollars in the CDs is actually dropping. If you look at the foreign exchange rates, the US Dollar is dropping against several currencies.

The MMA scheme w/ the program will not really help. Right off the bat, it adds a very expensive cost on top of everything for the software. Then you have that HELOC with a 21% peak interest rate. The other thing is that you have cash that you could potentially drop into the mortgage anytime you like. Using a HELOC for mortgage payments would actually cost you more.

A better allocation of funds combined with a HELOC for emergency cash would work better.. or using the CDs to pay down the mortgage with a HELOC for emergency cash would also work better. You can definitely get better than 21% peak for a HELOC. The choices all depend upon your risk tolerance and where you feel risk is.

[ucodegen]

One question.. don’t have much time to answer before turning into pumpkin. Are your retirement accounts (401K, profit share, etc) fully funded?

In a general statement; the CDs are actually losing you money in three ways.
1) They are not keeping up with the mortgage costs they could displace (particularly when you include the fact that the CD’s interest is taxed at income rates, further dropping the yield)
2) Opportunity cost of investing somewhere else with a better yield. Most sweeps at brokerages range from 2.2% to over 5%. This is the ‘safe’ money at a brokerage.. stock yields vary.
3) The value of the Dollars in the CDs is actually dropping. If you look at the foreign exchange rates, the US Dollar is dropping against several currencies.

The MMA scheme w/ the program will not really help. Right off the bat, it adds a very expensive cost on top of everything for the software. Then you have that HELOC with a 21% peak interest rate. The other thing is that you have cash that you could potentially drop into the mortgage anytime you like. Using a HELOC for mortgage payments would actually cost you more.

A better allocation of funds combined with a HELOC for emergency cash would work better.. or using the CDs to pay down the mortgage with a HELOC for emergency cash would also work better. You can definitely get better than 21% peak for a HELOC. The choices all depend upon your risk tolerance and where you feel risk is.

[ucodegen]

Sands called the housing market “pathetic” and said some agents needed to start looking for other work.

If you’ve been in it for five or six years and are barely making a living, you might want to think about what you were doing before and get back into it

Priceless!!

[Author]

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