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Tracy hills bad investments

  •
ErraBook_monagadu
ErraBook_monagadu
in Discussions

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https://www.zillow.com/homedetails/5777-Tournament-Ct-Tracy-CA-95377/2063071241_zpid/
 

Purchased 900K in 2022

property taxes three years: 35K

selling charges 40K

Interest payments 100K

Listed for sale 830K

Expected sale price 750K-780K

 

Total loss more than 300K

Minimum 100K loss every year, not including money spent on customization, solar etc

 

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    • Raja_Returns
      Raja_Returns

      anna total wrong stocks lo ayena home meda ayena 100 profit vachi andulo 10 poyena migilina profit 90 kante poyena 10 gurunchi alochinchi rogalu techukune batch memu

    • Chandan11
      Chandan11

      Its okay . Most of them purchased in Tracy hills and around because they are completely priced out 50 miles from their work places. You cannot blame someone risking to buy a home rather than staying i

    • pandugadu999
      pandugadu999

      orey aapra babu..akkada konnodu unnodu amminodu andar baane unnar…nee lolli endi madyala

    rents are around 3-4k, so you can deduct 100K for 3years, because he/she has to live somewhere.

    Expected sale price you reduced 50k.. which we don't know yet.. 

    1 hour ago, ErraBook_monagadu said:

    https://www.zillow.com/homedetails/5777-Tournament-Ct-Tracy-CA-95377/2063071241_zpid/
     

    Purchased 900K in 2022

    property taxes three years: 35K

    selling charges 40K

    Interest payments 100K

    Listed for sale 830K

    Expected sale price 750K-780K

     

    Total loss more than 300K

    Minimum 100K loss every year, not including money spent on customization, solar etc

     

    Comeback in @Sonu_Patel id 

    • Author
    14 minutes ago, CherryGaru said:

    rents are around 3-4k, so you can deduct 100K for 3years, because he/she has to live somewhere.

    Expected sale price you reduced 50k.. which we don't know yet.. 

    50k is very optimistic. Builder offering good incentives brand new homes. Old homes not selling.

    much worse investment compared to actual Bay Area investments prices increase 300k same time period. Almost 500k loss because wrong location 

    1 hour ago, ErraBook_monagadu said:

    https://www.zillow.com/homedetails/5777-Tournament-Ct-Tracy-CA-95377/2063071241_zpid/
     

    Purchased 900K in 2022

    property taxes three years: 35K

    selling charges 40K

    Interest payments 100K

    Listed for sale 830K

    Expected sale price 750K-780K

     

    Total loss more than 300K

    Minimum 100K loss every year, not including money spent on customization, solar etc

     

    Peaks lo koni down trend lo sellithe loss kaka yem vasthundi? 

    29 minutes ago, ErraBook_monagadu said:

    50k is very optimistic. Builder offering good incentives brand new homes. Old homes not selling.

    much worse investment compared to actual Bay Area investments prices increase 300k same time period. Almost 500k loss because wrong location 

    Also, selling cost is not avoidable, even if the house appreciates by 100k..

    You cannot avoid that also.

    • Author
    11 minutes ago, CherryGaru said:

    Also, selling cost is not avoidable, even if the house appreciates by 100k..

    You cannot avoid that also.

    Why would you sell if purchased in good location in the first place. You buy in bad location, sell it because of rto. Then go purchase in another place. So this selling cost is also bokka.

    1 hour ago, CherryGaru said:

    rents are around 3-4k, so you can deduct 100K for 3years, because he/she has to live somewhere.

    Expected sale price you reduced 50k.. which we don't know yet.. 

    if it’s good location then you are right 

    with back to office commute its not easy to sell even at 750

    na friends vunnaru similar situation 

    Post covid CA lo ammesi cash cheskuni, Dallas/Austin/FL lo low price lo koni double appreciation dobbinar by 23-24.

    CA lo post covid konnollu maatram giphy.gif

    Tracy lo naa friend bought two homes. Typical husband wife in FAANG live in Fremont, extra money emi cheyalo telika two houses invest chesaru.

    Lot of their friends bought additional houses in tracy ani chepparu all for rental or investment property.

    • Author

    This one purchased 1.05 M in 2023. Monthly payments $6K to $7K.

    Listed for rental $4K, no tenants

    4 hours ago, ErraBook_monagadu said:

    https://www.zillow.com/homedetails/5777-Tournament-Ct-Tracy-CA-95377/2063071241_zpid/
     

    Purchased 900K in 2022

    property taxes three years: 35K

    selling charges 40K

    Interest payments 100K

    Listed for sale 830K

    Expected sale price 750K-780K

     

    Total loss more than 300K

    Minimum 100K loss every year, not including money spent on customization, solar etc

     

    duet antha ekkuva petti konnadu endo...probably during peak housing time..ippudue same size single family homes 800k ki lennar gade selling

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