ErraBook_monagadu Posted February 14 Report Share Posted February 14 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 1 Quote Link to comment Share on other sites More sharing options...
CherryGaru Posted February 14 Report Share Posted February 14 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.. Quote Link to comment Share on other sites More sharing options...
Pavanonline Posted February 14 Report Share Posted February 14 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 Quote Link to comment Share on other sites More sharing options...
ErraBook_monagadu Posted February 14 Author Report Share Posted February 14 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 Quote Link to comment Share on other sites More sharing options...
yemdoing Posted February 14 Report Share Posted February 14 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? Quote Link to comment Share on other sites More sharing options...
CherryGaru Posted February 14 Report Share Posted February 14 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. Quote Link to comment Share on other sites More sharing options...
ErraBook_monagadu Posted February 14 Author Report Share Posted February 14 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. Quote Link to comment Share on other sites More sharing options...
Gorantlamdhav Posted February 14 Report Share Posted February 14 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 Quote Link to comment Share on other sites More sharing options...
Assam_Bhayya Posted February 14 Report Share Posted February 14 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 Quote Link to comment Share on other sites More sharing options...
ErraBook_monagadu Posted February 14 Author Report Share Posted February 14 This one on market 6 months. First listed $1.3M, now reduced to 1.2M. It will sell 850K-900K https://www.zillow.com/homedetails/6341-Zink-House-Dr-Tracy-CA-95377/300276460_zpid/ Quote Link to comment Share on other sites More sharing options...
ErraBook_monagadu Posted February 14 Author Report Share Posted February 14 This one didn’t sell 8 months on market. Now removed listing and put for rental. No one is renting, oversupply rental properties. https://www.zillow.com/homedetails/6758-Verbena-St-Tracy-CA-95377/300278205_zpid/ Quote Link to comment Share on other sites More sharing options...
baabaa Posted February 14 Report Share Posted February 14 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. Quote Link to comment Share on other sites More sharing options...
ErraBook_monagadu Posted February 14 Author Report Share Posted February 14 This one purchased 1.05 M in 2023. Monthly payments $6K to $7K. Listed for rental $4K, no tenants Quote Link to comment Share on other sites More sharing options...
ARYA Posted February 14 Report Share Posted February 14 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 Quote Link to comment Share on other sites More sharing options...
ErraBook_monagadu Posted February 14 Author Report Share Posted February 14 This one sold Jan 2024 1.06M monthly payment 7K rental asking $3400, no one taking for 1 year https://www.zillow.com/homedetails/3683-Singh-Ln-Tracy-CA-95377/2054940780_zpid/ Quote Link to comment Share on other sites More sharing options...
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