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Re: Buy Local

Local merchants really only offer me convenience at a cost. The internet provides expertise (personal finance advice included!), and I don't have a cherished lamp.
by steadyeddy
Mon Sep 29, 2014 5:57 pm
 
Forum: Personal Consumer Issues
Topic: Buy Local
Replies: 25
Views: 1690

Re: Bill Gross moving from PIMCO to Janus, Monday

Wow! I hope Allianz got their money's worth from PIMCO already, because this is going to mean some serious outflows for them.
by steadyeddy
Fri Sep 26, 2014 1:54 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Gross moving from PIMCO to Janus, Monday
Replies: 106
Views: 8134

Re: Trying to understand Uber and similar "ride sharing" ser

I am a huge fan of uber and lyft, and I wish that even regulated taxis would copy their dispatch and payment methods. The last regulated can I took was two weeks ago, and he charged me an extra $4.50 to use a credit card on a $40 fare. As if the torn seats and awful smell weren't enough make the exp...
by steadyeddy
Thu Sep 25, 2014 10:58 pm
 
Forum: Personal Consumer Issues
Topic: Trying to understand Uber and similar "ride sharing" service
Replies: 51
Views: 3135

Re: Issues with home inspector?

I know the contract I signed for my home inspection gives me virtually no recourse. I think I could win up to $300 in arbitration. Housing is an undiversified risk. Sometimes you get unlucky. You can probably get a token sum back from the home inspection company with an informal complaint, but you h...
by steadyeddy
Fri Sep 05, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Issues with home inspector?
Replies: 24
Views: 1093

Re: Is a college degree really worth what it costs?

If you cut low/no ROI activities out of life, you're doing it wrong. I'm not saying college costs are what they should be, but framing the issue in terms of ROI is way too simplistic. Soccer and swimming lessons have terrible ROI, but you sign your kid up because...
by steadyeddy
Tue Sep 02, 2014 4:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is a college degree really worth what it costs?
Replies: 33
Views: 1831

Re: disconcerting insurance company downgrade

If I wanted to set it and forget it, I would probably look at Chubb, Travelers, Zurich, and Firemans Fund. Each have conservative underwriting, strong balance sheets, and relatively conservative investment portfolios. They are unlikely to be your cheapest option, and they will probably be significan...
by steadyeddy
Sun Aug 31, 2014 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: disconcerting insurance company downgrade
Replies: 18
Views: 1580

Re: When to leave a neighborhood for greener pastures?

Take your time finding the right house. Surely you can find a relatively small, efficient house even in a good neighborhood with large lots. Best of both worlds.
by steadyeddy
Mon Aug 25, 2014 11:41 pm
 
Forum: Personal Consumer Issues
Topic: When to leave a neighborhood for greener pastures?
Replies: 46
Views: 4941

Re: Can a Boglehead put down 10% on a house?

In addition to the down payment, you have to be prepared for closing costs and all sorts of "new house" expenses that will come with your house. We needed to pay for window shades, gutters, a mower, a few pieces of furniture, re-keying the locks, etc, etc. Closing costs and misc. expenses ...
by steadyeddy
Mon Aug 25, 2014 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can a Boglehead put down 10% on a house?
Replies: 30
Views: 2478

Re: convince me not to use traditional IRA for house downpay

+1 I withdrew $10k from a tIRA to buy a house. Since I have more tax advantaged space than I need, saving in taxable accounts would mean simply neglecting to contribute more to the IRA. In my case, contributing gave me options in case the right house didn't come along as soon as expected, but I anti...
by steadyeddy
Sat Aug 23, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: convince me not to use traditional IRA for house downpayment
Replies: 23
Views: 2435

Re: Do you tip on the tax?

I reserve my moral outrage about tipping for the business owners who have made the choice to not pay their employees a fair wage. I feel the same way, and I like to apply the same reasoning in other areas too. So when I visit stores like walmart that pay low wages, I like to protest by giving my ca...
by steadyeddy
Fri Aug 22, 2014 8:26 pm
 
Forum: Personal Consumer Issues
Topic: Do you tip on the tax? [Restaurants]
Replies: 124
Views: 5122

Re: Principal Residence = Poor Investment?

I do have a screaming deal on rent, but around here I'd have to put down in the neighborhood of seven years' worth of rent if I wanted to make a decent down payment on even a "cheap" house. Which would mean taking it out of the market, paying cap gains tax on it, etc. All that to maybe sa...
by steadyeddy
Thu Jul 31, 2014 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Principal Residence = Poor Investment?
Replies: 70
Views: 5381

Re: First time home buyer ?'s

I can only speak based on my own experience. 1. There shouldn't be a need to wait. Your employer will be asked to verify your current salary. 2. Not unless those loan payments will price you out of the house you want. Your total debt service cannot be above X% of your income (I think this number var...
by steadyeddy
Wed Jul 30, 2014 2:20 pm
 
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1099

Re: Vanguard sued for charging too little

$1.5 billion is probably not an outsized contingency fund when compared to Vanguard's operating expenses, though I'm sure that assertion will be debated vigorously by the attorneys. Whether it is an outsized contingency fund may be beside the point. Are Vanguard's for-profit competitors allowed to ...
by steadyeddy
Mon Jul 28, 2014 10:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 21587

Re: What amount of Earnest Money - New Pulte Home

In every negotiation, you have to ask yourself which side wants the deal more. Unless the development is now sold out, you're probably in a very safe position to call their bluff and give them the amount of earnest money you feel is fair. Do you really think they'll opt to lose the sale over it? The...
by steadyeddy
Sun Jul 27, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: What amount of Earnest Money - New Pulte Home
Replies: 35
Views: 2043

Re: POLL: My home is worth less/more in 2014 than in 2007?

Zillow says our house was worth 19% more in July 2007 than July 2014. It also says it's worth 25% more today than the at the market bottom.

The house recently sold for significantly less than Zillow's market bottom estimate, so I guess the moral of the story is that Zillow's numbers are unreliable.
by steadyeddy
Sun Jul 27, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: My home is worth less/more in 2014 than in 2007?
Replies: 94
Views: 5862

Re: Possibility of getting sued - what steps to take

There is a big difference between paying some medical bills through your insurance and actually getting sued. Odds are good that nothing will come of this at all anyway.
by steadyeddy
Sun Jul 27, 2014 6:38 pm
 
Forum: Personal Consumer Issues
Topic: Possibility of getting sued - what steps to take
Replies: 25
Views: 3939

Re: Vanguard sued for charging too little

$1.5 billion is probably not an outsized contingency fund when compared to Vanguard's operating expenses, though I'm sure that assertion will be debated vigorously by the attorneys. Whether it is an outsized contingency fund may be beside the point. Are Vanguard's for-profit competitors allowed to ...
by steadyeddy
Sun Jul 27, 2014 6:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 21587

Re: Vanguard sued for charging too little

$1.5 billion is probably not an outsized contingency fund when compared to Vanguard's operating expenses, though I'm sure that assertion will be debated vigorously by the attorneys.

If the ruling goes against Vanguard, they can always go and domicile in Dublin. ;)
by steadyeddy
Sun Jul 27, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard sued for charging too little
Replies: 187
Views: 21587

Re: Best Used Recreational Bicycles for New Riders

Thank you all so much for your input! This has all been very helpful, and you've persuaded me to pony up and visit a local bike shop to benefit from them expertise.
by steadyeddy
Wed Jul 23, 2014 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Best Used Recreational Bicycles for New Riders
Replies: 26
Views: 2328

Re: Insurance policies questions

He didn't say these were life insurance policies. Suppose one of them is a variable annuity with a mortality expenses or whatever they are called held in an IRA? There are lots of possibilities. hm.. I assumed the 2nd policy was also a life insurance policy. but I have no idea. the lady on the phon...
by steadyeddy
Mon Jul 21, 2014 11:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance policies questions
Replies: 7
Views: 615

Best Used Recreational Bicycles for New Riders

I didn't know if it would be more annoying to hijack the other, similar thread or start my own. Sorry if I chose wrongly! My wife and I are in our mid-20's and interested in buying bikes for use on neighborhood streets and local paved trails. Based on what I've read, I think hybrid bikes would proba...
by steadyeddy
Mon Jul 21, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: Best Used Recreational Bicycles for New Riders
Replies: 26
Views: 2328

Re: If interest rates would ever reach double digits again

Isn't this like saying if stocks ever got low again, like I'm March if 2009, you would load up?

Hindsight is 20/20, and nobody had a cash pile left to invest after the decline leading up to March of 2009. I assume both these things will be true again if we hit double-digit interest rates.
by steadyeddy
Fri Jul 18, 2014 8:53 am
 
Forum: Investing - Theory, News & General
Topic: If interest rates would ever reach double digits again
Replies: 36
Views: 3087

Re: Is this realtor lying to me?

That's interesting. I suppose that helps guard the banks against moral hazard where the new buyer has incentive to short sale. For what it's worth, we put an offer in on a house last year and included language to say we would make up the difference between appraisal and contract price in cash, cappe...
by steadyeddy
Fri Jul 18, 2014 8:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Is this realtor lying to me?
Replies: 27
Views: 3428

Re: How Much House Should I Buy?

I think a big mortgage makes more sense for lower earners with steady income. If I were in your shoes, I would rent until I could buy most of my dream house in cash. I would only finance an amount that could be serviced with my most stable compensation. Why lever up when your income is so high and (...
by steadyeddy
Tue Jul 15, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4740

Re: [Poll] Are you more risk averse than average?

My perception is that I have an "average" risk tolerance as an investor, but a low risk tolerance in other areas. For instance, I think driving is more dangerous than most people really realize, and I minimize it in a way that's not too onerous.
by steadyeddy
Mon Jul 14, 2014 11:09 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2781

Re: Anyone here flip houses?

My wife and I just bought a newly completed flip to live in. A large, local company specializing in water remediation and remodeling bought the house for $123,000 and spent six months replacing the siding, insulation, 11 windows, plumbing, electrical, drywall, HVAC, hot water heater, the cabinets, c...
by steadyeddy
Mon Jul 14, 2014 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 4718

Re: Insurance premiums for renewals versus current

I have absolutely felt this same way when my rates kept going up--like somehow I was being abused. At the same time, it sounds like you've shopped around and the increased rates remain competitive. That is really all we can hope for. Rates rise for all sorts of reasons. While you may have been "...
by steadyeddy
Sun Jul 13, 2014 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Insurance premiums for renewals versus current
Replies: 11
Views: 1093

Re: Found an old deposit receipt for my late wife . . .

Their story is that their account numbers and records all changed several times as their identity did - they were Hewlett Packard Federal Family Credit Union and then they morphed into Addison Avenue Federal Credit Union and then they became First Tech. They have a "research department" b...
by steadyeddy
Mon Jun 23, 2014 11:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Found an old deposit receipt for my late wife . . .
Replies: 27
Views: 3830

Re: Found an old deposit receipt for my late wife . . .

If someone told me their records didn't go back 22 years I would ask for that person's supervisor. There must be some way to look it up if you talk to the right person.
by steadyeddy
Mon Jun 23, 2014 10:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Found an old deposit receipt for my late wife . . .
Replies: 27
Views: 3830

Re: Do you see profit or ponzi?

I think nisiprius could be labeled "agressively conservative." Get in on the NOBUX fund while you still can! (viewtopic.php?t=44469&start=0)
by steadyeddy
Thu Jun 19, 2014 5:35 pm
 
Forum: Investing - Theory, News & General
Topic: Do you see profit or ponzi?
Replies: 100
Views: 8090

Re: Experience with PenFed refinance

My advice to friends has been to avoid them for home purchase loans - you don't want financing delays ruining a purchase that needs to close in 30 days. +1 We just used them to buy our first home and it was a nightmare. After applying online, I emailed once and called three times, but a full week w...
by steadyeddy
Thu Jun 19, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Experience with PenFed refinance
Replies: 69
Views: 3421

Re: When did you tell your children how much you had amassed

This is a fascinating conversation. It has me thinking about all the financial conversations I had with parents and grandparents growing up. They all tried so hard to teach me good financial lessons, and at the time I believed I understood them, but the truth is I was too young and naive to understa...
by steadyeddy
Sun May 18, 2014 11:15 am
 
Forum: Investing - Help with Personal Investments
Topic: When did you tell your children how much you had amassed
Replies: 135
Views: 11188

What to see and where to eat in Barcelona

My wife and I will be visiting Barcelona in the first week of June. We have only one week there, but we'll be coming from Dublin so there will be no jet lag to speak of. We've rented an apartment a few blocks from La Rambla toward the southern end, and I have read this area is full of souvenir shops...
by steadyeddy
Sat May 10, 2014 1:32 pm
 
Forum: Personal Consumer Issues
Topic: What to see and where to eat in Barcelona
Replies: 29
Views: 2308

POLL: What will 30 year mortgage rates be in three years?

Come one, come all! Diehards and Livesofts! Economists and economizers! It's time to dust off those crystal balls and predict something with innumerable potential confounding factors! What will the average US 30-Year mortgage rate be on June 1st, 2017? Responses falling between poll options should b...
by steadyeddy
Sat May 10, 2014 1:00 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What will 30 year mortgage rates be in three years?
Replies: 6
Views: 584

Re: Anyway around apartment lease rip off?

I understand your frustration at having to pay more, but this really doesn't seem like a ripoff lease to me; it's very standard. In my state, standard notice is 60 days unless otherwise noted in the lease. Giving written notice as agreed in the lease is part of renting.
by steadyeddy
Sat May 10, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Anyway around apartment lease rip off?
Replies: 30
Views: 1826

Re: CEO of a holding company? [wants to be]

The good: Holding companies are very inexpensive to start and operate. The bad: They can't make you money unless they hold something. The ugly: The companies they hold are typically very expensive to purchase and operate. Having a little fire in your belly is a great thing. Stay in school and I'm co...
by steadyeddy
Fri May 09, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: CEO of a holding company? [wants to be]
Replies: 11
Views: 1262

Re: Should I be worried about my girlfriend's debt?

I would communicate that knocking out the debt quickly [at the expense of lifestyle] is important to you and then let her do the talking. How she responds is important. My wife pokes fun at my reading Bogleheads, but she is on board with living below our means because she respects that saving is som...
by steadyeddy
Tue May 06, 2014 2:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be worried about my girlfriend's debt?
Replies: 57
Views: 4865

Re: Detached Townhome vs. Single Family Home Costs

That insurance quote seems extreme. I own a single family home of comparable value. Homeowner's insurance is $500 per year. That's what I though too.. Homeowners insurance for a SFH generally runs from $600 to $1200. Next you'll be telling us what a SFH should cost in our area or what the average M...
by steadyeddy
Tue Apr 29, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 24
Views: 2746

Re: Detached Townhome vs. Single Family Home Costs

"Single Family Home -Price: $300,000 Purchase Price -Taxes: $3,500 -HOA: $0 -Insurance: $2,000 Sorry to hijack the thread but I was doing similar comparison. So home owner's insurance cost is really 4 times than a townhome? The answer will vary by region. In my area, wind/hail damage drives in...
by steadyeddy
Tue Apr 29, 2014 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 24
Views: 2746

Re: Student Loans -- a surcharge on your job?

I once read that Australia has developed a system in which higher education is "free" to the student, but the country the recoups the cost by charging college graduates a percentage of all future income. It seems to me they would have to ration access to education through aptitude testing ...
by steadyeddy
Sat Apr 05, 2014 12:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loans -- a surcharge on your job?
Replies: 26
Views: 2211

Re: New Friends are the Anti-Bogleheads, what to do?

They probably want your investment help about as much as you want theirs.
by steadyeddy
Sun Mar 30, 2014 12:57 am
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 9115

Re: Moving to HCOL (Net Income Paycut)? [High Cost of Living

I have not done this, but I do plan to make such a move in the next few years. You don't get a do-over on life, so you ought to live where you want. Money is only one component in quality of life, and after a certain income threshold it's really only a small component.
by steadyeddy
Sat Mar 29, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving to HCOL (Net Income Paycut)? [High Cost of Living]
Replies: 14
Views: 1225

Re: What makes a boglehead different [Behavior of saving]

Another major difference is the mindset of time. Many of peers think of the bill coming up next week/month. Bogleheads tend to think in terms of years-to-decades or, heck, even generations; what 30 year old do you know talk about "step-up" basis? This is a big part of it. Most of my frien...
by steadyeddy
Sat Mar 29, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: What makes a boglehead different [Behavior of saving]
Replies: 36
Views: 3861

Re: Statement of the Retirement Funding Problem

I am shocked by all the people posting about the insurance companies going under. I think you are all grossly overestimating the insurers' insolvency risk and grossly underestimating your own. Can you imagine if retirees with a supposedly "safe withdrawal rate" were held to the same risk b...
by steadyeddy
Fri Mar 28, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Statement of the Retirement Funding Problem
Replies: 89
Views: 6741

Re: Sustainable wage increases over the long term?

So many variables. No sense trying to boil it down to forum post.

If you're interested in this sort of demographic/economic crystal ball reading, PwC and their competitors have published some fascinating white papers over the years. Data-based conjecture.
by steadyeddy
Wed Mar 26, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sustainable wage increases over the long term?
Replies: 20
Views: 1710

Re: Buying first home in SF - gut check

If you had posted that you're 28 with a paid off home, investments worth $700k, and a $230-430k variable income everybody would have been patting you on the back. It's the leverage that makes this whole scenario too damn risky to endorse. Why not borrow only $500k? Is the possibility of a little hig...
by steadyeddy
Wed Mar 26, 2014 6:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 10155

Re: Detached Townhome vs. Single Family Home Costs

Are you implying that your insurance would be $1500 higher without the HOA? Know that the HOA's insurance doesn't cover your property at all. It may cover certain parts of the dwelling, but it won't cover someone getting injured on your property. Correct. The HOA covers hazard insurance for all hom...
by steadyeddy
Fri Mar 21, 2014 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 24
Views: 2746

Re: Detached Townhome vs. Single Family Home Costs

englishgirl , we are only browsing at this stage, so we haven't read specific CC&R's, but my understanding is that all exterior maintenance is covered just like an attached townhome. Roofs, siding, etc. I assume the subdivision was built in the same year or three and they would replace all the ...
by steadyeddy
Fri Mar 21, 2014 2:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 24
Views: 2746

Re: What to do in Austin, TX

Thanks again to everyone for your great suggestions! The trip was unforgettable, and we really benefitted from having a local perspective. Some highlights were catching a few phenomenal free concerts down on South Congress, canoeing the river, indulging in way too much tex-mex, and getting my wife s...
by steadyeddy
Fri Mar 21, 2014 11:56 am
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 3818

Detached Townhome vs. Single Family Home Costs

My wife and I are happy renters. We’re the sort of people that don’t mind white walls as long as we don’t have to paint them. But we’re thinking of purchasing our first home in the next few years. As you might imagine, we LOVE the idea of reduced-maintenance townhome living, so we’ve been browsing l...
by steadyeddy
Fri Mar 21, 2014 11:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Detached Townhome vs. Single Family Home Costs
Replies: 24
Views: 2746
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