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NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser. The CC appraiser's office has public records online. They're the same records that are available he http://www.clerk.collier.fl.us/clerk...Reflection.htm The only difference is that the appraiser's office shows *both* the appraised value (for tax purposes), *and* the recent sales price history of the property. And I've given many websites that contradict you. |
"basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser. The CC appraiser's office has public records online. They're the same records that are available he http://www.clerk.collier.fl.us/clerk...Reflection.htm The only difference is that the appraiser's office shows *both* the appraised value (for tax purposes), *and* the recent sales price history of the property. And I've given many websites that contradict you. No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. The same house just a few down from me just sold for $1.25 million. You get a pretty different picture of housing values when you compare data from 1997 (or even 2000) to today's prices. If you want *current* house price values, then watch the closed real estate transactions page in the Naples Daily News...or go to the public records site. It's not rocket science. Even a draftsman can figure it out. |
"Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. |
NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message ups.com... NOYB wrote: "basskisser" wrote in message oups.com... It is Nirvana. And the high demand for real estate proves it. Homes in Oakland, CA go for two or three times that. It is a crime ridden hole, and is rife with homelessness, unemployment, murder, gang activity, etc. So, to say that real estate prices define Nirvana, is absurd. Now, if you go he http://money.cnn.com/best/bplive/details/1247625.html You'll see that the average price of housing in Naples is $166k, and the national average is $219k. Using your analogy that Nirvana is defined by housing costs, you'll see that Naples is much below average.... Hmmm. My link says that the median home price in Naples is $453,482. http://www.internest.com/city/naplesfl.asp Here's another link: http://www.internest.com/city/naplesfl.asp " In 2001, Naples appeared as #142 in a list of the US most wealthy towns, with a median home price of $632,205. Even if you take into consideration that the data may have come from a skewed source, it's not totally out of line, if you consider that the US Census Data, notorious for being low, shows Naples in 2000 with a median price of $416,000 which is almost 4 times the national median price. " Now that we've establised that the "median home price" is about 4 times the national median average, how does the "average home price" compare? From 2000 census data: Naples: $185,605 US: $121,000 http://www.homegain.com/local_real_e...FL/naples.html There's something wrong with the data in that money/cnn article. I suspect it's from the 1996 census. Of course, the average home price went up 57% from 1996 to 2003. http://www.escapehomes.com/cities/Naples.htm From my own personal experience: I bought a house in 2001 for $409k and sold it last April for $560k. I turned around and bought a house on the water for $825k. The prior owner paid $320k for it in 1997. Down the street, the same house, in the same square footage, and built the same year as mine just sold for $1.225 million...and they don't have a hot tub and a pool. That's in 8 months. When I bought my house, there were 43 homes for sale in my neighborhood...and only 9 of them were under a million. Now, there's 32 homes for sale, and only one of them is under a million...and it's 1500 sq ft listed at $879k. Why don't you satisfy your own curiousity, and browse the homes for sale in Naples. www.naplesarea.com Do a search for homes from $2 million to over $20 million. You'll get an error message saying that you need to refine your search because it returned more than 250 homes. Do a search for homes priced between $150k and $200k (you said the average is $166k, right?). What do you come up with? Less than 40...and all in Lehigh Acres or Golden Gate Estates. Now refine your search a little. Use the same prices, but limit it to single family homes. Now make sure you exclude Zone 8 (Lee County) and Zone 7 (Golden Gate Estates). How many homes do you come up with? Two. One is 1200 ft^2 and the other is 1000ft^2. How can there be more than 250 homes over $2million dollars, and only 2 homes under $175k, and the "average price" be $166k? Answer: there can't. The CNN/Money numbers are wrong. Hehe!! I give many non-influenced sites, and NOYB, in his desperation to make Naples appear to others that it's better than Oz, gives local real estate sites. Gee, you don't think they are biased, and stretch the truth do you? You don't think that the real estate folks have a better pulse on the housing market than a guy sitting at a desk for Money magazine crunching 5 year old numbers from 5,000 towns across the US? Do a search on MLS. How many single family homes under $175k did you find in Naples? Two? Then how can the "average home price" be under $175k? Every property that is for sale is listed? On MLS? Yes...except for FSBO's. Do you honestly think that the local real estate people are just stating FACTS, and that they don't stretch the truth and are biased????????? All completed real estate transactions are verifiable online via public records: http://www.collierappraiser.com/ Every property that is sold (including empty lots, and condos) are published daily in the Naples Daily News: http://naplesnews.com/npdn/re_sales/...454336,00.html The realtors aren't lying. So......awhile ago, you counted out anything in Collier county that wasn't in Naples, then you redefined what constituted "Naples", now you are quoting a Collier county appraiser. The CC appraiser's office has public records online. They're the same records that are available he http://www.clerk.collier.fl.us/clerk...Reflection.htm The only difference is that the appraiser's office shows *both* the appraised value (for tax purposes), *and* the recent sales price history of the property. And I've given many websites that contradict you. No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. The same house just a few down from me just sold for $1.25 million. You get a pretty different picture of housing values when you compare data from 1997 (or even 2000) to today's prices. If you want *current* house price values, then watch the closed real estate transactions page in the Naples Daily News...or go to the public records site. It's not rocket science. Even a draftsman can figure it out. What YOU pay, and what YOU do has no reflection. I fully realize that you are living in an over-inflated area. I'm glad you like that. Now, you can leverage yourself right out of existance for all I care. But, then again, as the used car salesman of the medical field and fleecing the old folks out of there life savings seems to be a reputable way to make a living to you. |
"NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. |
"P. Fritz" wrote in message ... "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. ;-) In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. |
P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to make up for the interest he's assumed. |
NOYB wrote: "P. Fritz" wrote in message ... "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. ;-) In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. Safest, and best return are two different things. |
"basskisser" wrote in message oups.com... P. Fritz wrote: "NOYB" wrote in message ink.net... "Harry Krause" wrote in message ... NOYB wrote: No they don't. They're using out-dated statistics. The CNN/Money magazine article is using 5 year old census data. The Collier Clerk of Courts and the Collier County Appraiser's office use up-to-the-minute data. I already told you: I bought my house about 9 months ago for $825k. The man who I bought it from acquired it in 1997 for $320k. A fool and his money are soon parted... That's a lot of money to live among the dead and dying...does it include a double-decker burial plot above the water table? I plan on getting cremated and dumped into the Gulf, with an artificial reef named after me. The "NOYB Reef". A bit levereged, eh? Nope. A lot leveraged. I have an interest-only 5-year fixed at 4% (for 80% of the purchase price), and a 2nd interest-only equity line (for 15% of the purchase price) at prime plus 1/4% . My business loan will be paid off before the rate adjusts on the first mortgage, and that will free up $6500/mo (before taxes). At that point, I'll refinance the first and second mortgages (and my school loan) into a 30 year conventional fixed mortgage. Thanks to appreciation, I'll still have 30-40% equity (or better) in a house worth $1.2-1.5 million. Debt isn't a bad thing if it's managed properly, and you have good, steady cash flow. especially considering the mortgage deduction from federal taxes, and Florida's bankruptcy laws WRT homestead. Florida's homestead exemption doesn't mean enough to make up for the interest he's assumed. The homestead law is part of the Florida Constitution. The benefit is that my assets are 100% protected against creditors, and against any lawsuits that might be levied against me. http://www.findarticles.com/p/articl...39/ai_n6044335 As for the interest write-off... I'm paying a school loan for 30 years with no interest deduction. I'm paying the latter half of a 10-year business loan with diminishing interest deductibility. The wild appreciation in my home will allow me to consolidate those two debts, free up almost $4000/mo in after-tax money, and get a large write-off each year for tax purposes. Plus, I get the added benefit of parking my boat in my backyard. |
"Harry Krause" wrote in message ... NOYB wrote: In Florida, your home is your safest investment. The tax write-off is a bonus. I can write off the interest on the home loan, but not interest on my school loan. That just doesn't make sense. Perhaps you are over the qualifying income levels? Nope. I'm an S-Corp. I take a good portion of my salary as a distribution. If I'm close to losing a deduction due to exceeding an income threshold, I have the option at the end of the year to make a large purchase for the office, deducting it as a Section 179 expense, and effectively lowering my income for the year. |
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