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I hope I don't owe you a 2.5% fee for being my virtual agent =)

Really appreciate all the responses.... One of the reasons we do want to keep the property is because we have an emotional attachment to it since it was the first house we ever purchased and I remember how long it took for us to save and work for it (not really a rational decision, I know). ...

Right... just wanted to use conservative numbers for the model.

Hey thanks for the analysis!  Purchase price was 650k and down payment was 130k. Cash flow would definitely be break even, which was the main thing that I saw when considering selling. I also did think about just taking the gains and putting it into an etf and assume 5% return and that would...

Thanks for breaking it down like this.  I knew about the deductions, but over simplified everything in my head.  Figured I would be able to off-set all most of the revenue after all deductions and just took whatever was left and divided it by my initial $130k down-payment.  I'm only 2.5 years...

Mortgage is $480k. Comps for exact same 4bd/3bath floorplan in neighborhood have been $780-790k. Monthly mortgage @3.5% is $2280/ mo Property Tax + MR is $9600/yr or $800/mo HOA is $134 / mo Insurance is $500 / yr or $42/mo Total expense: $3256/mo. Expected rent for similar property (small...

I guess we would be in this boat since our current place is a 4 bd/3bth SFR . Thanks for sharing...

Opportunity cost is something we definitely considered, which is what prompted this thread.  A few more background info: Our new house will only be 2 miles away so it will be convenient to deal with tenant issues.  Our current house is under 5 years old and luckily we haven't had any issues...

We just signed a contract for a new home and have been wondering what to do with our current home. We have about  300k in equity right now. Our original plan was to just rent it out and keep the home forever. However, I'm not so sure if it's the smartest thing financially. We will probably...

For those that have seen both models, how do these compare to Mullberry in CV?

it is a wooden gate. We ended finding someone on thumbtack.com to repair it.

My backyard gate (pedestrian gate?) is falling apart and I'm wondering if any of you have a good recommendation for someone to repair it.

Does anyone know if there are security cameras in the Irvine Parkview Center?  Someone hit my parked car and ran while I was at lunch.  I checked with some of the stores, but none of them had any good angles of where my car was parked.

Man 760k... my dream of moving from the ghettos of WBE to WB could've been realized along with getting a coveted driveway.  USC, you need to let me know if you see anything like this on the market! Is there a den at least for 22 bungalow? 3 bedrooms seems low for a house with all that space.

How about construction by Sand Canyon and the 405 fwy?  I know they built a trail there connecting University and Sand Cyn, but I see bulldozers away from the trail. Are they trying to move the power lines?

I think the message on TI is clear.  Thanks everyone for reaffirming what I was thinking.  I have 28 years left on my mortgage due to several refi's, so I have a long way to go.  I will probably be in my house for awhile since I'm still growing into it.  I'm so tempted to move up from my 4/3...

My interest rate is currently at 3.5% for a 30 year loan.  I'm fortunate that my company options have appreciated to the point where I can pay off my house and have a little left over for a rainy day.  Would I be better off paying off my mortgage now or continue to invest and let inflation lower...

WBE Mello Roos: $226 HOA (Detached): $134 Total: $360

Plan 2 is very similar to my Coronado plan 2 sans the full 2nd bed/bath downstairs. Mid 800's seems really ridiculous for it! I bought mine for 630k back in 2010.  At today's prices, I feel like I got a steal, although I didn't factor in the fact that OH will be a way better village than WBE...

If you guys can recall, I bought a Plan 2 Coronado back in 2010.  I just noticed that the first Plan 2 listed on MLS is pending at 770K after only 3 days! I can't believe it went so quick.  Obviously, this pleases me, but do you guys think this falls in the WTF or not...