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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (196903)4/19/2009 1:37:54 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
TH, 2-4 years out will be golden. i'm refinancing out to 30 years at 40% with lots of cash out, selling a paid off condo (hopefully for more than a cup of coffee ;-) and parking the cash until prices come to daddy, too.

and they will - maybe down 50% from current values in many, but not all (the currently battered areas may not fall another 50% as they are already down 50-60%), areas.

this also might be the time to convert an ira into a roth ira - tax rates will skyrocket at some point. if you do it after your move to CA, you get hit with a 10% bogey.



To: TH who wrote (196903)4/19/2009 1:43:35 PM
From: The ReaperRead Replies (2) | Respond to of 306849
 
Unfortunately TH, income taxes are just a part of the tax structure here in CA. You're paying it everywhere in the form of added sales taxes and fees as well as the increased cost to do business in CA. 2-liter bottle of Coke in San Diego on sale at Von's $1.67. Everyday price at OXXO (Mexico's 7-11) here in Tijuana where I've got a place, 14 pesos ~$1.08


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