Lambert Ranch in Irvine
- Thread starter lcms2002
- Start date
NEW -> Contingent Buyer Assistance Program
havent done the exact math, but now that the MR is rolled into the price, the interest component is deductible, whereas MR taxes are not deductible (well most of it is not deductible at least). While some people would still deduct the MR as a property tax, for higher earners, the property taxes gets phased out and you cant deduct it, so for those people, rolling the MR into the purchase price is probably preferred. I dont believe they rolled the MR to keep the prices high, they were already going to be high. Some people just dont like the idea of paying MR. When the MR expires in future communities in 20-30 years, or whenever, that wont lead to price drops necessarily at lambert ranch, it will actually increase the value of the homes where the MR is expiring because the buyers can a higher payment due to there being no MR, therefore the seller will ask for a higher price to build in the MR that is no longer there.
ps99472
New member
Take/Post pics please from this weekend.. won't be in town...
this app would come in handy..http://appshopper.com/photography/fast-camera
this app would come in handy..http://appshopper.com/photography/fast-camera
The Motor Court Company
Well-known member
don't forget - the view lots will have excellent cell phone reception - the base station is just a few steps away!
Kinda a side question, and maybe it had been talked about already and I missed it, but does anyone know whether the rolling in of the MR to the price is an overall less cost for the buyer? I could see them rolling it in to keep the prices up, but that will raise taxes and potentially lead to a drop in value when the surrounding areas lose their MRs in 30 years.
qwerty
Well-known member
Nous said:
havent done the exact math, but now that the MR is rolled into the price, the interest component is deductible, whereas MR taxes are not deductible (well most of it is not deductible at least). While some people would still deduct the MR as a property tax, for higher earners, the property taxes gets phased out and you cant deduct it, so for those people, rolling the MR into the purchase price is probably preferred. I dont believe they rolled the MR to keep the prices high, they were already going to be high. Some people just dont like the idea of paying MR. When the MR expires in future communities in 20-30 years, or whenever, that wont lead to price drops necessarily at lambert ranch, it will actually increase the value of the homes where the MR is expiring because the buyers can a higher payment due to there being no MR, therefore the seller will ask for a higher price to build in the MR that is no longer there.
usctrojancpa
Well-known member
In my eyes, test = Mr/Ms Columbus Squareshadax said:
just received email with links to floorplans:http://www.thenewhomecompany-cloud.com/Field.pdf?http://www.thenewhomecompany-cloud.com/Hill.pdf?http://www.thenewhomecompany-cloud.com/Grove.pdf?
irvinehomeowner
Well-known member
I like Plan 3 in the Fields.
I like Plan 1 downstairs and Plan 2 upstairs in the Hill.
I like Plan 1 downstairs and Plan 2 upstairs in the Grove, and Plan 3 except for the rear garage.
I like Plan 1 downstairs and Plan 2 upstairs in the Hill.
I like Plan 1 downstairs and Plan 2 upstairs in the Grove, and Plan 3 except for the rear garage.
Most of those floorplans look great! A couple are quite "different", in a good way. Irvine Pacific can learn something from The New Home Company, instead of the tired and reused floorplans with minor alterations that they seem to use from development to development. I'm looking forward to the previews this weekend!
irvinerealtor
Well-known member
Should be interesting. Leaving right now. See you there 