Getting nervous!

NEW -> Contingent Buyer Assistance Program
Well, if your mortgage+taxes+Insurance+HOA etc is less than 30% of your take home pay then may be should consider other developments in Grove with a larger yard.  Looks like you can more than afford it and probably will appreciate more
 
Paris167 said:
As long as I have an annual appreciation of at least 5% I'll be happy. Because in the end I'm mostly satisfied with the home we live in, the neighborhood and the good school district for my boys :)
Click to expand...

I agree with the latter thoughts, but do people really think that 5% appreciation going forward is going to be attained?
 
i woudnt count on 5% appreciation a year, that is a bubbly wish. it could happen in the time period you are there i suppose, but i wouldnt count on it.
 
and even if you do get the desired appreciation of 5%, depending on where you move to, that appreciation doesnt make you better off necessarily.  the move up home in irvine you would move into next would have just as much, if not more, appreciation.  so its really more of a hedge.
 
WTTCMN said:
qwerty said:
and even if you do get the desired appreciation of 5%, depending on where you move to, that appreciation doesnt make you better off necessarily.  the move up home in irvine you would move into next would have just as much, if not more, appreciation.  so its really more of a hedge.
Click to expand...

+1.  That's why for primary residences, appreciation doesn't matter until you sell, figure out what your next move is, etc, etc, etc, etc.  Therefore I don't even bother with it.
Click to expand...

+2  Appreciation just means more taxes, you want your primary residence to depreciate as long as you're living there.
 
WTTCMN said:
freedomcm said:
Paris167 said:
As long as I have an annual appreciation of at least 5% I'll be happy. Because in the end I'm mostly satisfied with the home we live in, the neighborhood and the good school district for my boys :)
Click to expand...

I agree with the latter thoughts, but do people really think that 5% appreciation going forward is going to be attained?
Click to expand...

Just curious - what happens when you don't get your 5% annual appreciation during a particular year? Or do you calculate retroactively when you sell?
Click to expand...

If he doesn't get the 5% annual appreciation he will get REALLY nervous.  :D

 
If there was anything to be nervous about is coming in at this entry point of $1.3 million +.  Real estate is cyclical and remember, irvine did actually decrease when the last bubble burst. Times are bubbly now so if be more worried about the downside right now.
 
test said:
WTTCMN said:
qwerty said:
and even if you do get the desired appreciation of 5%, depending on where you move to, that appreciation doesnt make you better off necessarily.  the move up home in irvine you would move into next would have just as much, if not more, appreciation.  so its really more of a hedge.
Click to expand...

+1.  That's why for primary residences, appreciation doesn't matter until you sell, figure out what your next move is, etc, etc, etc, etc.  Therefore I don't even bother with it.
Click to expand...

+2  Appreciation just means more taxes, you want your primary residence to depreciate as long as you're living there.
Click to expand...
http://www.talkirvine.com/index.php/topic,11911.0.html

 
i'm also interested in capella plan 1.  there aren't that many available, only 18 in the entire community of 72 homes.  i like the loft of plan 3, but don't like the dark downstairs...

what did you like about 1 that was the decision maker?
 
Paris167 said:
Even in the market crash Irvine did NOT crash like most other cities - it was more of a down sloping / plateau.
Click to expand...

no one said that it crashed just as bad as other cities, its all relative.
 
You must log in or register to reply here.
Back
Top