Red Mosquito

Do not join an HOA. Don’t. Do it.

Aren’t you required to join in some places?

Chris_H_2 wrote:Do not join an HOA. Don’t. Do it.

for the townhome i have no choice that i know of but i will be looking into it

crunching the numbers

the 1% down scenario (6.8%) is my payments are at 1313 a month (360 payments)

assume i dont do the 1% down and take the 7.188 rate

i put 30K down that takes my payments to 1214 a month (360 payments).

that isnt a huge difference in terms of cash out per month. my plan is to pay at least 6K a year towards the principle. doing that puts me on track to pay off in 2039 about 1/3 earlier

Just consider you could alternatively — unless you’re above the income threshold — max out a Roth IRA at $6500 a year, and hope to see the average 7-10% return over that time line.

This would especially make sense early in the amortization, when your interest payments are huge and therefore a nice tax deduction.

You sure you wouldn’t move back to LA, doug rr?

my dream house..I feel like I grew up there..my wife and I have pics of ourselves in front of it

i wish they had pics of the other parts of the rooms that we never saw on camera.

Chris_H_2 wrote:i wish they had pics of the other parts of the rooms that we never saw on camera.

I always thought is was special when we got to see Alice's bedroom or the laundry room

I've spent the past 22 days or so, about 12-14 hours a day, running a property tax appeal program for homeowners to potentially appeal their property valuations.

People were very happy to buy expensive homes for cheap and rent them out, and now they are fucking mad that property values went up 70% and think the county is out to fuck them.

Sigh.

Strat wrote:I've spent the past 22 days or so, about 12-14 hours a day, running a property tax appeal program for homeowners to potentially appeal their property valuations.

People were very happy to buy expensive homes for cheap and rent them out, and now they are fucking mad that property values went up 70% and think the county is out to fuck them.

Sigh.

when my wife worked on Wall Street for 10 years I was happy to find out that rich/wealthy people are dumb too..

doug rr wrote:

Strat wrote:I've spent the past 22 days or so, about 12-14 hours a day, running a property tax appeal program for homeowners to potentially appeal their property valuations.

People were very happy to buy expensive homes for cheap and rent them out, and now they are fucking mad that property values went up 70% and think the county is out to fuck them.

Sigh.

when my wife worked on Wall Street for 10 years I was happy to find out that rich/wealthy people are dumb too..

They are very very dumb. 50% of the time I am also acting as their therapist. Im just trying to see if the county gave them a fair shake or not, and i give so much goddamn data but 1) they dont care to read 2) they dont care to learn and 3) well they bought it 2 years ago for $x,xxx,xxx so thats what its worth now!

NO

Strat wrote:

doug rr wrote:

Strat wrote:I've spent the past 22 days or so, about 12-14 hours a day, running a property tax appeal program for homeowners to potentially appeal their property valuations.

People were very happy to buy expensive homes for cheap and rent them out, and now they are fucking mad that property values went up 70% and think the county is out to fuck them.

Sigh.

when my wife worked on Wall Street for 10 years I was happy to find out that rich/wealthy people are dumb too..

They are very very dumb. 50% of the time I am also acting as their therapist. Im just trying to see if the county gave them a fair shake or not, and i give so much goddamn data but 1) they dont care to read 2) they dont care to learn and 3) well they bought it 2 years ago for $x,xxx,xxx so thats what its worth now!

NO

That sounds terrible. Who’s acting as your therapist?

spike wrote:

Strat wrote:

doug rr wrote:

Strat wrote:I've spent the past 22 days or so, about 12-14 hours a day, running a property tax appeal program for homeowners to potentially appeal their property valuations.

People were very happy to buy expensive homes for cheap and rent them out, and now they are fucking mad that property values went up 70% and think the county is out to fuck them.

Sigh.

when my wife worked on Wall Street for 10 years I was happy to find out that rich/wealthy people are dumb too..

They are very very dumb. 50% of the time I am also acting as their therapist. Im just trying to see if the county gave them a fair shake or not, and i give so much goddamn data but 1) they dont care to read 2) they dont care to learn and 3) well they bought it 2 years ago for $x,xxx,xxx so thats what its worth now!

NO

That sounds terrible. Who’s acting as your therapist?

my therapist!

and rm

so i made an offer. at the time no other offers had been been made. they were asking 149900 and i rounded up and added some to 152k. i like the place. its very comfy and homey. not too big to feel lost but just enough to feel like a home.

set tomorrow for the deadline

Good luck!

Thank you ruddo

Good luck Jerry

Thanks spike