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re: Daughter's So Cali mortgage went up about $500. mo due to tax increases. Crazy.
Posted on 7/6/19 at 10:56 am to mmcgrath
Posted on 7/6/19 at 10:56 am to mmcgrath
It's $3800 a month on a 1500 sq ft place that has parts of 3 Mexican families living next door. Renting. Move your liberal arse out there and report back on how you like it. Weather is nice. She walks to shopping if she wants but the costs are crazy. And actually the people are nice. But the costs are beyond ridiculous. I consult for a friend who rents a house in LA. About 4K sq ft. Nice place with a pool. He pays $16K a month rent. Now he lives on a 120 acre ranch with a huge barn and a 30 acre lake across the road from the river outside Sacramento. And he paid $2M which is actually not bad. But you move anywhere around the bay, or all the way to S.D. and it is beyond crazy and getting worse by the day.
Posted on 7/6/19 at 11:06 am to jimdog
quote:Mexicans! Next door!
It's $3800 a month on a 1500 sq ft place that has parts of 3 Mexican families living next door.
quote:They chose to live there. Probably to get the jobs they have. Sounds like they are enjoying it, and they are building a nice nest egg. Your daughter might need it to take care of you in your old age.
Move your liberal arse out there and report back on how you like it. Weather is nice. She walks to shopping if she wants but the costs are crazy. And actually the people are nice. But the costs are beyond ridiculous.
This post was edited on 7/6/19 at 11:08 am
Posted on 7/6/19 at 1:38 pm to jimdog
The property value is the property value, regardless of the size of the house or the identity of the neighbors.
A 1500 square-foot house in Dallas has less than 10% of the monetary value of the same house located in Manhattan.
the amount of the monthly principal and interest payment may be exactly the same size in either state, but the monthly payment to the bank in New York will be significantly larger. The bank is escrowing money for property taxes on 10 times the value, plus property insurance on 10 times the value.
A 1500 square-foot house in Dallas has less than 10% of the monetary value of the same house located in Manhattan.
the amount of the monthly principal and interest payment may be exactly the same size in either state, but the monthly payment to the bank in New York will be significantly larger. The bank is escrowing money for property taxes on 10 times the value, plus property insurance on 10 times the value.
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