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1
Good find Paris.  For some reason when I first viewed that listing I thought "wow it's priced quite well".  Can you imagine if our great grandparents could see us now looking at $5M homes thinking they're well priced.  They'd probably faint.  My how times have changed.

seriously. and not just our grandparents. My relatives and friends in Minnesota, Texas and the MidWest faint from sticker shock when they come to visit me here in the OC. Heck I have a friend in NJ whose parents have a 10,000sqft house on a 1 acre lot that looks like the white house and they could not sell it for $2.5mil. She looked at the $3million Trevis and almost fainted with shock.

She shouldn't be that shocked, NYC real estate ain't cheap either.
2
Good find Paris.  For some reason when I first viewed that listing I thought "wow it's priced quite well".  Can you imagine if our great grandparents could see us now looking at $5M homes thinking they're well priced.  They'd probably faint.  My how times have changed.

seriously. and not just our grandparents. My relatives and friends in Minnesota, Texas and the MidWest faint from sticker shock when they come to visit me here in the OC. Heck I have a friend in NJ whose parents have a 10,000sqft house on a 1 acre lot that looks like the white house and they could not sell it for $2.5mil. She looked at the $3million Trevis and almost fainted with shock.
3
Good find Paris.  For some reason when I first viewed that listing I thought "wow it's priced quite well".  Can you imagine if our great grandparents could see us now looking at $5M homes thinking they're well priced.  They'd probably faint.  My how times have changed.
4
Do you mean there's no limit in how many investment properties you can deduct for, or no limit in the amount of mortgage interest deducted for investment properties (above $1.1M) ?

I wonder if you can still claim a mortgage interest deduction on your taxes if you do this?
Of course you can.  All interest up to $1m is tax deductible for primary residences and there's no limit on investment properties.  I had a client do exactly this last year and I did the same thing when I bought my client's condo.
7
Owner's Issues / Re: Sliding doors - recommendations
« Last post by USCTrojanCPA on Today at 05:54:37 PM »
USC do you know who they used?

Sorry just found out, they got it through the builder (Shea Homes).
8
I wonder if you can still claim a mortgage interest deduction on your taxes if you do this?
Of course you can.  All interest up to $1m is tax deductible for primary residences and there's no limit on investment properties.  I had a client do exactly this last year and I did the same thing when I bought my client's condo.
9
I wonder if you can still claim a mortgage interest deduction on your taxes if you do this?
10
O.C. Real Estate / Re: Baker Ranch in Lake Forest / Foothill Ranch
« Last post by eclipxe on Today at 12:12:55 PM »
I've been here two years now. Love love love Baker Ranch. Just like Irvine but got way more house (and driveway and backyard). Neighbors are mostly ex-Irvinites as well. Great location - we're close to everything we like in Irvine and we've discovered some nice South County spots.

OC is great because it's right between LA and SD. Baker Ranch is the same way - just in the middle to North OC and South OC destinations.

Overall the neighborhood has exceeded our expectations. The parks keep getting better, we've used the clubhouse for several big parties, and the neighbors are super friendly and down to earth. I love it here.
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