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Daughter's So Cali mortgage went up about $500. mo due to tax increases. Crazy.
Posted on 7/6/19 at 4:52 am
Posted on 7/6/19 at 4:52 am
They live between Santa Barbara and L.A. in a decent sized town where husband is in the Military. He has requested and been awarded a transfer for several reasons. Not the least of which is they can't save money and live in the People's Republic of California. They earn over $140K yr between the two and both were comfortable saving 10% month but no more. They have one child and live in a modest 1500 square foot home that would be $140K in Georgia but cost them $650K in Camarillo, Ca. a couple of years ago. The mortgage payment on their shack is close to $4800 a month on a 15 year mtg I believe. But it may be longer. Scary! Thank you Democrats.
21
Posted on 7/6/19 at 4:56 am to jimdog
What tax law increased their mtg payment?
Posted on 7/6/19 at 5:03 am to jimdog
They’re paying $57,600 a year on a mortgage, and their pre-tax income is ~140k? Add to that a kid and saving 10%.
I’m not saying it can’t be done, I’m just a little surprised by those numbers.
And a military guy is going to put the better part of a million dollars into a house.
I’m not saying it can’t be done, I’m just a little surprised by those numbers.
And a military guy is going to put the better part of a million dollars into a house.
Posted on 7/6/19 at 5:06 am to cwill
quote:Are you just being obtuse?
What tax law increased their mtg payment
Posted on 7/6/19 at 5:21 am to jimdog
I would say being ordered to live there is the only reason anyone would stay in California.
Posted on 7/6/19 at 5:32 am to jimdog
Calexit gaining steam. When everyone working leaves who's paying the bill.
Posted on 7/6/19 at 5:52 am to jimdog
Posted on 7/6/19 at 6:01 am to Chrome
quote:
Calexit gaining steam. When everyone working leaves who's paying the bill.
Posted on 7/6/19 at 6:13 am to jimdog
Within ten years, blue states are going to be agitating for "transfer payments" from successful ones to balance their budgets.
Posted on 7/6/19 at 6:14 am to Sentrius
They are paying $160/day for their house? That’s more then some hotels. Crazy
Posted on 7/6/19 at 6:16 am to jimdog
Need that extra money to remove more "whitey" featured art like the George Washington painting in San fran
Posted on 7/6/19 at 6:17 am to Sentrius
I find it very interesting that leftist mecca San Francisco has virtually priced poor people out of houses with some of the most expensive housing costs in the country.
I think they are at the top with Seattle and Manhattan.
I think they are at the top with Seattle and Manhattan.
Posted on 7/6/19 at 6:19 am to Boatshoes
quote:
Within ten years, blue states are going to be agitating for "transfer payments" from successful ones to balance their budgets.
Didn’t New Hampshire or Vermont just pass such a law?
Posted on 7/6/19 at 6:25 am to SlapahoeTribe
I believe Connecticut passed a “mansion” tax and New Jersey is considering it.
If you sell your home over a certain price and move out of state, you owe an additional 10% tax over the normal amount.
Seems unethical to me.
If you sell your home over a certain price and move out of state, you owe an additional 10% tax over the normal amount.
Seems unethical to me.
Posted on 7/6/19 at 6:50 am to NoisyNinja79
I am guessing the downvotes are coming from people who have never lived in Cali.
Posted on 7/6/19 at 6:52 am to jimdog
Hope they're enjoying paying for Pablo and his family of illegals
Posted on 7/6/19 at 6:55 am to ShortyRob
quote:why?quote:Are you just being obtuse?
What tax law increased their mtg payment
was it some change in statewide law, or a local property tax issue?
If the latter, was there some change in the local ordinance or rate, or did the valuation of the home simply increase?
If the latter, are the Dems to blame for increases in property values?
It was an entirely reasonable question.
This post was edited on 7/6/19 at 6:57 am
Posted on 7/6/19 at 6:57 am to NoisyNinja79
quote:
I am guessing the downvotes are coming from people who have never lived in Cali.
I know some associates that are considering moving there and I tell them that sure the beaches, mountains and weather are pretty nice to look at but they don't pay the bills.
California is just like any other state and place in the world where you have to work to make a living in, to have a good home and raise a family and it is one of the worst places in America to do that given how it's being taxed and regulated to death.
Posted on 7/6/19 at 6:59 am to AggieHank86
quote:
AggieHank86
trying to find any minor reason to blame other than Dem policies. Everyone is well aware of how Cali likes to tax residents to death and redistribute it to the poors and environmental programs that have a horrible cost to benefit ratio.
Posted on 7/6/19 at 6:59 am to jimdog
Yet the Kardashians, Cher, Rosie, all living in mansions and all of the wealthy Hollywood celebs have two shits to give.
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