Question for my kitchen remodeling guysm?

USMChawk said:

YellowSnow said:

USMChawk said:

YellowSnow said:

LoneStarDawg said:

BearsWiin said:

YellowSnow said:

BearsWiin said:

YellowSnow said:

BearsWiin said:

Don't skimp on quality. Our appraisal just came back 10% higher than even my most optimistic prediction, in large part because we invested in quality during our renovations

also the market is fucking crazy right now

We ain’t too far behind Aptos prices now.

lolno

https://www.mlslistings.com/property/ml81832045/510-modesto-ave-santa-cruz-ca-95060/14552182

That’s a block from the Pacific Ocean my dude.

my neighborhood

https://www.mlslistings.com/property/ml81831761/324-palmer-ave-aptos-ca-95003/14548849

Four burner stove? I wouldn’t cook ramen in that claustrophobic galley kitchen, nothing special

Nothing special but for the dirt. Folks are always willing to pay a shit ton for the Pacific Ocean dirt.

Grandma Yella used to say she had a “one butt kitchen”. But that shitty little 3 bedroom house in Laguna Beach was worth about $5 million by the time she kicked the bucket.

When I was stationed at Camp Pendleton I rented an apartment a half block from the beach. After a month or so I never looked at the ocean. I’d rather live inland and have a resort in my backyard.

Lol. It’s the Marines, not Club Med.

It’s still SoCal beachfront, and had the usual bikini babes and volleyball. I’m just saying that I would trade the high dollar location for a cheaper location, and use the savings to create my own amenities.

Edit: I swam in the community pool almost every day. I think I went to the beach twice.

How many trips can you make to SoCal for a beach weekend on what you can salt away each month on a $400K home vs. a $1.2 million home?

$400K less 20% down = $320K mortgage ===> $1,401.63 monthly/$16,819.56 annual

$1.2 Million less 20% = $1 Million mortgage===>$5,968.72 monthly PMI/ $71,624.64 annual

$50K per year savings. Probably could stay in the best hotel in Aptos and order the finest meats and cheeses.

PurpleThrobber said:

USMChawk said:

YellowSnow said:

USMChawk said:

YellowSnow said:

LoneStarDawg said:

BearsWiin said:

YellowSnow said:

BearsWiin said:

YellowSnow said:

BearsWiin said:

Don't skimp on quality. Our appraisal just came back 10% higher than even my most optimistic prediction, in large part because we invested in quality during our renovations

also the market is fucking crazy right now

We ain’t too far behind Aptos prices now.

lolno

https://www.mlslistings.com/property/ml81832045/510-modesto-ave-santa-cruz-ca-95060/14552182

That’s a block from the Pacific Ocean my dude.

my neighborhood

https://www.mlslistings.com/property/ml81831761/324-palmer-ave-aptos-ca-95003/14548849

Four burner stove? I wouldn’t cook ramen in that claustrophobic galley kitchen, nothing special

Nothing special but for the dirt. Folks are always willing to pay a shit ton for the Pacific Ocean dirt.

Grandma Yella used to say she had a “one butt kitchen”. But that shitty little 3 bedroom house in Laguna Beach was worth about $5 million by the time she kicked the bucket.

When I was stationed at Camp Pendleton I rented an apartment a half block from the beach. After a month or so I never looked at the ocean. I’d rather live inland and have a resort in my backyard.

Lol. It’s the Marines, not Club Med.

It’s still SoCal beachfront, and had the usual bikini babes and volleyball. I’m just saying that I would trade the high dollar location for a cheaper location, and use the savings to create my own amenities.

Edit: I swam in the community pool almost every day. I think I went to the beach twice.

How many trips can you make to SoCal for a beach weekend on what you can salt away each month on a $400K home vs. a $1.2 million home?

$400K less 20% down = $320K mortgage ===> $1,401.63 monthly/$16,819.56 annual

$1.2 Million less 20% = $1 Million mortgage===>$5,968.72 monthly PMI/ $71,624.64 annual

$50K per year savings. Probably could stay in the best hotel in Aptos and order the finest meats and cheeses.

This also argues hard against vacation home ownership, the rationale of which I can't argue. Sure, there's something great about just going whenever you want to go w/o having to book and all that shit. But, still. I can spend one or two months in Chelan, for example, for the rest of my life for a lot less than it will cost to own there.

Part of if is every American's instinct to value "ownership" over borrowing and renting. But for the second home, that's not so much a "need", as is your primary, and more of "nice to have". The economics rarely shake out if there is no investment motive.