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not as smart as I think
Join Date: Oct 2006
Location: Northern California
Posts: 769
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Congratulations on the new digs. Both houses look very nice, much nicer than where I live. Pricing didn't seem too different from golf course setting to canal setting.
How does the work get financed? Is it a construction loan for the remodel? $150K seems low, but I am in CA. Anyway, in CA that is a 5 year loan, about $3K/month. Does one do a re-fi and wrap that into the mortgage when they are done?
I always wondered about this when I watch the home shows on TV. Their budget is 300K, we are going to spend 190 on the house, and 110 on the remodel...those numbers don't seem to be the same to me when you take financing into account.
I don't think everyone is just paying cash...
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1978 911SC stock-SOLD
1985 911 Carrera Stock
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