4 Comments

1. 

   The Old Man on August 4, 2020 at 10:21 pm

   Get off my lawn! Im not going anywhere, I like it here. Mortgage is less than rent on small apartment with a bunch of crabby old folks. Prices keep going up and I only would have even more capital gains taxes to pay. Im not paying taxes on this big of a gain. Real estate taxes are low. Im not giving that up. The kids will get that too. They can bury me out back and then move in or sell everything once Im gone. Did I say Get Off My Lawn!!

2. 

   Eddie89 on August 5, 2020 at 12:52 pm

   “The Old Man” sounds like my neighbor. He just took out a ton in equity and remodeled his “forever” house. He told us that they’ll either take him out in a body bag or the kids will put him in a home.

3. 

   The Old Man on August 5, 2020 at 4:06 pm

   Sorry not this old man. I dont take equity out. I pay cash when I improve my home. Thge only thing I would add debt for is an Old Man guest house out back which would either generate very positve cash flow or provide home for old man and very positive cash flow from existing home which is almost paid off. Im too old to add non-producing debt. And Eddie……..Stay Off My Lawn!!!

4. 

   Just Curious on August 5, 2020 at 4:09 pm

   Do you see many people relocating from large cities like Los Angeles, San Jose, and San Francisco? Who are the new buyers and where are they from? Trying to escape the large cities? Trading up from East County, Temecula, Vista, Escondido?