paperboyNC
New member
eyephone said:
Easiest way to legally avoid taxes: Unrealized gains. Nothing illegal about it.
Palo Alto in Stonegate by KB
- Thread starter ChasingRainbows
- Start date
NEW -> Contingent Buyer Assistance Program
Easiest way to legally avoid taxes: Unrealized gains. Nothing illegal about it.
If we're talking about unrealized gains, then this is easy. That isn't income, and nobody should complain about a creditor not considering it as income. It's no different than a homeowner with $500K in equity in a house they're living in, with a household income of $100K, wanting to use that $500K in equity as "income" for qualifying for a $1M mortgage.
It ain't income.
Exactly. That's why an owner of a company with millions in unrealized gains may have trouble qualifying for a mortgage that he can easily afford.
See page 2 of this thread. It's not exactly the site plan but it give you an idea of basic layout.
There's cul-de-sacs and some back to Portola have very large lots.
Yes, it is very high. We seriously considered Arcadia - love all of the floorplans - but that wall at the end of the streets is imposing and an eyesore. We preferred the avocado orchards and green hills surrounding Strada, even though the floorplans are smaller.
I think its funny how so many people talk about the "rolling hills" of orchard hills, I've been there so many times and it's not like we are talking about Napa or Tuscany lol
Easiest way to legally avoid taxes: Unrealized gains. Nothing illegal about it.
Perspective
Well-known member
paperboyNC said:
If we're talking about unrealized gains, then this is easy. That isn't income, and nobody should complain about a creditor not considering it as income. It's no different than a homeowner with $500K in equity in a house they're living in, with a household income of $100K, wanting to use that $500K in equity as "income" for qualifying for a $1M mortgage.
It ain't income.
Perspective
Well-known member
Adding to this analogy, that homeowner can sell his/her house and "realize" the ~$500K gain, and that still is not income for purposes of qualifying for a loan. It's a one-time event. It isn't recurring.
aquabliss
Well-known member
Snap already. I really want to go but I know I am going to fall in love with the Plan 3 and alas, it will not be meant to be.
Plan 3 great room looks so ideal. Huge room, no fireplace, can fit 100" LED TV, adjacent to downstairs den. Can't wait to see it. I'm kinda getting goosebumps.
Plan 3 great room looks so ideal. Huge room, no fireplace, can fit 100" LED TV, adjacent to downstairs den. Can't wait to see it. I'm kinda getting goosebumps.
Perspective
Well-known member
Why isn't their site updated with the grand opening info? Weird.
apparently it is on their site, there's this little 'grand opening' link on the palo alto page that leads to:http://www.kbhome.com/new-homes-orange-county/21052#promo
paperboyNC
New member
Perspective said:
Exactly. That's why an owner of a company with millions in unrealized gains may have trouble qualifying for a mortgage that he can easily afford.
irvinehomeowner
Well-known member
Only 3 dots for LTE? Weak.eyephone said:PS9 - how do you like ATT?
Perspective
Well-known member
It'll be interesting to see the site plan. Will the streets be the typical straight grid pattern with few, if any, cul-de-sacs? Will the lots be pretty standard like Arcadia? Some of these Palo Alto lots will back-up to the tall Portola block wall, right? Maybe those will have larger lots.
Perspective said:
See page 2 of this thread. It's not exactly the site plan but it give you an idea of basic layout.
There's cul-de-sacs and some back to Portola have very large lots.
Perspective
Well-known member
Now the "low" base prices make more sense. If you want any space behind your Palo Alto house, you'll need to select a lot at the very corner of Jefferey & Portola.
So, for a slightly higher price, you can get a 10% bigger house at Palo Alto Stonegate relative to Strada Orchard Hills. For ~$100K more in price, you can get a 25% bigger house. This seems about right to me.
So, for a slightly higher price, you can get a 10% bigger house at Palo Alto Stonegate relative to Strada Orchard Hills. For ~$100K more in price, you can get a 25% bigger house. This seems about right to me.
Perspective
Well-known member
AW said:
Yes, it is very high. We seriously considered Arcadia - love all of the floorplans - but that wall at the end of the streets is imposing and an eyesore. We preferred the avocado orchards and green hills surrounding Strada, even though the floorplans are smaller.
callmehere
Member
Well...it IS in a village called "Stone Gate"AW said:
I think its funny how so many people talk about the "rolling hills" of orchard hills, I've been there so many times and it's not like we are talking about Napa or Tuscany lol