Re: Southern California living advice
Also thank you Michael that web address was soo helpful. When you buy a property how do you know what school you can send your kids to
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Re: Southern California living advice
Originally Posted by Claire31
(Post 10941699)
Also thank you Michael that web address was soo helpful. When you buy a property how do you know what school you can send your kids to
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Re: Southern California living advice
Originally Posted by Claire31
(Post 10941694)
So if we said a budget of 550 to 600,000 that would be more realistic
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Re: Southern California living advice
all the best in the world comes from cali...
GT bike frames, Guns n Roses, and porn industry. :D |
Re: Southern California living advice
Originally Posted by Claire31
(Post 10941699)
Also thank you Michael that web address was soo helpful. When you buy a property how do you know what school you can send your kids to
The amount of subsidy from the state and federal governments depends primarily on the wealth of the schools district. Therefore Palo Alto gets very little government money but Oakland may get a lot of government money. Most of the money that Palo Alto gets from the federal and state governments are for special needs programs. Due to Prop 13, the accessed value of your home can't be increased by more than 2% per year so therefore, the longer you lived in a home and if home values rise more than 2% per year, you will get more of a property tax break than new buyers. If house prices drop, you can get the assessed value reduced. |
Re: Southern California living advice
Originally Posted by Claire31
(Post 10941694)
So if we said a budget of 550 to 600,000 that would be more realistic
That will give you a much more realistic idea of what is available in your price range. |
Re: Southern California living advice
Thank you for all the advice. Do any of you know anything about buying foreclosure properties and what are the pros and cons etc
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Re: Southern California living advice
Originally Posted by Claire31
(Post 10943956)
Thank you for all the advice. Do any of you know anything about buying foreclosure properties and what are the pros and cons etc
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Re: Southern California living advice
One of the biggest cons is right now there aren't that many of them. A couple of years ago there were, but it's a sellers market. Any short sales or foreclosures we saw when we were looking last year were snapped up by investors. The process was also long - one place was on the market for over a year because the three lenders couldn't agree on how to split whatever cash they could get - despite it being a nice place in a great area.
We ended up buying a regular sale earlier this year. Gave up looking at shorts/foreclosures. |
Re: Southern California living advice
Originally Posted by Alan17
(Post 10944500)
One of the biggest cons is right now there aren't that many of them. A couple of years ago there were, but it's a sellers market. Any short sales or foreclosures we saw when we were looking last year were snapped up by investors. The process was also long - one place was on the market for over a year because the three lenders couldn't agree on how to split whatever cash they could get - despite it being a nice place in a great area.
We ended up buying a regular sale earlier this year. Gave up looking at shorts/foreclosures. |
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