Decision of a lifetime ...

[Nevada_Ballin]

Armani - care to hear from an east coaster who can relate?

you know i'm a philly boy. also lived in south jersey and NYC for a while. "How" i cane out west is a pretty adventerous, funny story i won't get into now but one night i decided i was just going to catch a greyhound in Atlantic City and go invade my brother who ws living in San Diego. The next day i did it. He had no idea i was coming...lol

I ended up living in San Diego for 4 years - and it really is one of the most beautiful cities in America. BUT - extremely expensive. Same with LA. Then I stumbled upon Lake Tahoe/Reno and it was "lights out" - it's beautiful, clean, affordable and there's plenty of work to be had for professionals. Plus the number of "plastic people" is minimal, unlike LA where everyone wants to be a "star" or are riding some kind of ego trip.

I've been here for almost 20 years now - the only things the east coast has that the west coast doesn't have - real pizza and real cheesesteaks.

[ahr19]

Amani - care to hear from an east coaster who can relate?

you know i'm a philly boy. also lived in south jersey and NYC for a while. "How" i cane out west is a pretty adventerous, funny story i won't get into now but one night i decided i was just going to catch a greyhound in Atlantic City and go invade my brother who ws living in San Diego. The next day i did it. He had no idea i was coming...lol

I ended up living in San Diego for 4 years - and it really is one of the most beautiful cities in America. BUT - extremely expensive. Same with LA. Then I stumbled upon Lake Tahoe/Reno and it was "lights out" - it's beautiful, clean, affordable and there's plenty of work to be had for professionals. Plus the number of "plastic people" is minimal, unlike LA where everyone wants to be a "star" or are riding some kind of ego trip.

I've been here for almost 20 years now - the only things the east coast has that the west coast doesn't have - real pizza and real cheesesteaks.

Good feedback. I fixed my name for you as well. I am looking at LA b/c of my industry (hotels/hospitality) and it offers me the best chance to move out there and continue my career. Once I get out there, then I can explore. Plus, the beach living would be great for my quality of life/stress level. But I get your vibe. Thanks for offering your input!

[A Disciple]

well IMHO, you would love it out west. It's lovely. As far as meeting a woman, I believe that everything has it's reason and its timing. When it's right it's right. No matter where you are, if the timing isn't right, it won't happen.

Follow your heart. Don't get stuck in a rut so to speak. Sometimes you just gotta step out on faith. I know I'm a little bit younger than you, but my situation was similar to yours. I came out here to Vegas and it really has been good for me. Granted, I came with some help and a lady waiting on me, it was still an act of faith to make the move. Pray on it and let God help you in your decision.

[TRUEVisionDC]

What did you decide to do ahr?? Your heart tells you to go to the west coast. Do it? Due to the COL, you may have to adjust your lifestyle a bit to start but that would be anywhere you moved.

Dont do what I did? Stay b/c it was comfortable. I wanted to move away when I was single and had my own money. I didnt. Im 34 and thats the only thing I regret about my life so far. To have regrets at 34 is discouraging which is why I will never NOT do something I want to do again.

All b/c I was fearful.

[ahr19]

What did you decide to do ahr?? Your heart tells you to go to the west coast. Do it? Due to the COL, you may have to adjust your lifestyle a bit to start but that would be anywhere you moved.

Dont do what I did? Stay b/c it was comfortable. I wanted to move away when I was single and had my own money. I didnt. Im 34 and thats the only thing I regret about my life so far. To have regrets at 34 is discouraging which is why I will never NOT do something I want to do again.

All b/c I was fearful.

Well... ironic that you asked. I have been making a few trips out to LA and working on this job thing. I really hope to make a small announcement in the next week or so saying what has happened. If it all works out, I will keep a nice little online diary right here in the Old Folks home to detail my entire moving experience. But that is if I get the job and everything.

I have been looking at some homes to purchase and it will be a bit pricey. Going to have to probably do a 5/1 Interest only ARM so I can get in and afford the mortgage. Are you able to run some numbers for me True?

I have no regrets right now, but I do know that if I stayed here in DC, I would look up in 3-5 years and wish I had given the West Coast a try. That is the only area in the country I have not lived (except the Northeast) and I have no interest in living in the Northeast.

Stay tune. I hope I can make an announcement real soon!

[TRUEVisionDC]

Well... ironic that you asked. I have been making a few trips out to LA and working on this job thing. I really hope to make a small announcement in the next week or so saying what has happened. If it all works out, I will keep a nice little online diary right here in the Old Folks home to detail my entire moving experience. But that is if I get the job and everything.

I have been looking at some homes to purchase and it will be a bit pricey. Going to have to probably do a 5/1 Interest only ARM so I can get in and afford the mortgage. Are you able to run some numbers for me True?

I have no regrets right now, but I do know that if I stayed here in DC, I would look up in 3-5 years and wish I had given the West Coast a try. That is the only area in the country I have not lived (except the Northeast) and I have no interest in living in the Northeast.

Stay tune. I hope I can make an announcement real soon!

Thats exactly right.

What numbers do you need run? Mortgage payment? What the price? Interest Rate? Down payment??

[ahr19]

Thats exactly right.

What numbers do you need run? Mortgage payment? What the price? Interest Rate? Down payment??

Basically I am looking to see potential payments if I did a 5/1 INterest only ARM on $700K home, $650 K, $600K, $550 K. I could put 10 % down or maybe 20% down (would prefer not to). I have no idea about taxes ... but that should get us started. Basically, trying to figure out the lowest payment for the most house I could get.

[TRUEVisionDC]

Basically I am looking to see potential payments if I did a 5/1 INterest only ARM on $700K home, $650 K, $600K, $550 K. I could put 10 % down or maybe 20% down (would prefer not to). I have no idea about taxes ... but that should get us started. Basically, trying to figure out the lowest payment for the most house I could get.

Using National average Interest Rates:

Home price
$700,000.00

Down payment
10.000 %

Beginning payment
$3,688.52

Beginning interest rate
5.780 % (average on Jumbo loans)

Interest compounding
Monthly

Total amount financed
$630,000.00

Total payments
$1,900,779.60

Total finance charge
$1,270,779.60

APR
8.305 %

Please keep in mind this does not include taxes and insurance.

[TRUEVisionDC]

Home price
$650,000.00

Down payment
10.000 %

Beginning payment
$3,425.06

Beginning interest rate
5.780 %

Again, no taxes or insurance.

[TRUEVisionDC]

Home price
$600,000.00

Down payment
10.000 %

Beginning payment
$3,161.59

Beginning interest rate
5.780 %

[TRUEVisionDC]

Home price
$550,000.00

Down payment
10.000 %

Beginning payment
$2,898.13

Beginning interest rate
5.780 %

[TRUEVisionDC]

AHR

I could get you an even more accurate on the payment if you know what city you'll live in out west.

Again no taxes and insurance included.

Also, I would never put 20% down on a house.

[ahr19]

AHR

I could get you an even more accurate on the payment if you know what city you'll live in out west.

Again no taxes and insurance included.

Also, I would never put 20% down on a house.

The city is Los Angeles. If you want an even more specific city try either Hawthorne or Redondo Beach. Well, what options do I have to get those payments down besides putting down alot of money. Those were the Interest Only ARMs, right? LOL.

[Nevada_Ballin]

Well... ironic that you asked. I have been making a few trips out to LA and working on this job thing. I really hope to make a small announcement in the next week or so saying what has happened. If it all works out, I will keep a nice little online diary right here in the Old Folks home to detail my entire moving experience. But that is if I get the job and everything.

I have been looking at some homes to purchase and it will be a bit pricey. Going to have to probably do a 5/1 Interest only ARM so I can get in and afford the mortgage. Are you able to run some numbers for me True?

I have no regrets right now, but I do know that if I stayed here in DC, I would look up in 3-5 years and wish I had given the West Coast a try. That is the only area in the country I have not lived (except the Northeast) and I have no interest in living in the Northeast.

Stay tune. I hope I can make an announcement real soon!

I'm really interested in following your adventure here ahr... if the timing of your move is just right, maybe AD and I can help you move in a few boxes

[BigW]

Hey Ahr19 do it!!! even if It doesn't go the way you expect it. I moved to MA 5 years ago, and though I regret It cause I hate MA, at least I did it and found out first hand that MA sucks. I managed to turn a negative Into a positive. I bought a house, sold it doubled my money and I moved back to NYC.

Also at the age of 32 for you to have that option to pick up and leave is a blessing especially If your single with no kids. Do It, take a chance you only live once. Good luck with whatever your decision Is.