Search found 299 matches

by thomasbayarea
Sun Jul 26, 2015 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Investing the proceeds from the sale of your home
Replies: 8
Views: 868

Re: Investing the proceeds from the sale of your home

Thanks for all the ideas. Jobs are relatively stable and cover our expenses + savings well. Mortgage is a PenFed 5/5 ARM currently at 2.75%. I'm starting to construct the portfolio keeping stocks in taxable and bonds + REITs in the 401ks. I have two questions -- 1. Tax Managed Balanced funds are des...
by thomasbayarea
Thu Jul 23, 2015 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: Investing the proceeds from the sale of your home
Replies: 8
Views: 868

Re: Investing the proceeds from the sale of your home

thomasbayarea- Congrats again on the sale of your home! You're talking about putting the $400K in a taxable account, correct? The TR fund and the REIT fund are not appropriate for a taxable account. You may want to list your entire portfolio to get comprehensive advice, but good candidates for a ta...
by thomasbayarea
Thu Jul 23, 2015 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Investing the proceeds from the sale of your home
Replies: 8
Views: 868

Investing the proceeds from the sale of your home

We recently sold our home and I'm looking for advice on investing the proceeds. Here are the details: Emergency funds: 6 months Debt: 800K mortgage on current home Tax Filing Status: Married Filing Jointly Tax Rate: 33% Federal, ??% State (California) State of Residence: CA Age: Wife and me are 35, ...
by thomasbayarea
Wed Jul 22, 2015 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Housing related question: Should I sell, rent out or stay?
Replies: 36
Views: 2458

Re: Housing related question: Should I sell, rent out or stay?

OP here, update. We sold the house, see this thread . On 5/3/2012 I started this thread, writing: "The house is probably worth $500,000". On 6/22/2015, we sold for $880,000. Interesting results, with luck on our side. :sharebeer Now I need to figure out where to invest the money :idea: But...
by thomasbayarea
Wed Jul 22, 2015 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

OP here. We finally closed on the house yesterday. The competition closed for $855K, while we closed for $880K. Our closing was delayed by about 3 weeks for two reasons: 1. The buyers agent wanted the competition to close first, so that the appraisal comes in high. If the $855K comp was not availabl...
by thomasbayarea
Fri Jun 19, 2015 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Crazy error on Vanguard's part
Replies: 16
Views: 3810

Re: Crazy error on Vanguard's part

$41K in free money and you complain? :D Anyway, I don't know how to resolve this, just hoping it works out for you. Keep in mind that most of us here are with Vanguard for their investment philosophy, their mutual funds, ETFs, etc. The website & customer service has it's flaws and every now and ...
by thomasbayarea
Sun May 31, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

Few questions 1. I may have missed it, but where/why are you moving? How much will your new home cost? 2. I put this more on the agent than you, but why are homes being bid higher than the asking price? Seems like if that is the case then the asking prices are way too low. 1. As someone else posted...
by thomasbayarea
Fri May 29, 2015 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

8foot7 wrote:Not afraid to say I was wrong here. Congratulations :sharebeer

Thanks!
by thomasbayarea
Fri May 29, 2015 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

Glad you waited and got a better offer. Now you just need to be patient and check off the days until your escrow is closed. Hopefully you are relocating out of the Bay Area as being on the buying side is not a fun place to be right now :( We bought our current house/residence about two years ago wh...
by thomasbayarea
Fri May 29, 2015 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

thomasbayarea, I'm just curious. Does "no contingencies" mean there will not be an inspection? If I were a buyer, I'd be very uncomfortable with that. But I assume that is the way it is in a very hot market. This was a real interesting thread. We (the sellers) did the inspections and disc...
by thomasbayarea
Fri May 29, 2015 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

555 wrote:So did your agent get 2.5% of $880k instead of the 4% of $850k they wanted?
Yes that's right.
by thomasbayarea
Fri May 29, 2015 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

On pins and needles to learn if Team Thomas has gone into contract, and if they ended up agreeing to the first offer. :greedy I've always felt a much greater sense of joy and celebration signing off on a home SALE vs a home PURCHASE. Seems to me the ecstatic couple standing next to the "SOLD&q...
by thomasbayarea
Wed May 27, 2015 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

JLJL wrote:Have you accepted the offer or are you waiting?

We've decided to wait till Thursday, a little over 24 hours from now...

Thanks you all for this valuable discussion.
by thomasbayarea
Wed May 27, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

One more point. The highest dollar offer is not necessarily the one you want to take. You need to have some consideration of how likely the buyer is to actually close the deal when accepting. In a hot market, some buyers may be blasting out multiple offers without due diligence. It's not super easy...
by thomasbayarea
Tue May 26, 2015 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

How does the commission work these days in the bay area? Did you agree to 6% commission (3% buyer's agent, 3% seller's agent)? And now your agent is telling you she's willing to take 2% as the buyer's agent, or 2.5 as both buyer and seller, or whatever? 5% is becoming more normal in many areas thes...
by thomasbayarea
Tue May 26, 2015 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

8foot7 wrote:Unless there are unusual contingencies in that offer, I'd be inclined to accept an offer that is 50k over asking.
I agree, I would think the same in a typical market. But in 2014 and 2015 in the Bay Area most houses sell for $50K+ above the list price (when listed "correctly").
by thomasbayarea
Tue May 26, 2015 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

will34 wrote:At what price did the house listed for $760k sell?
It has been pending since Saturday, but I don't know at what price. I suspect something in the same ball park ~$850K
by thomasbayarea
Tue May 26, 2015 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

OP here again. Per the realtor, open house over the weekend was fairly successful. We received our first offer yesterday, Monday, for $850K. This is exciting and we're happy, but this is also typical of the Bay Area (homes being sold for above listing prices). The 850K offer is from a couple who wou...
by thomasbayarea
Thu May 21, 2015 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

OP here, we listed the house yesterday for $800K. Open house this weekend. Fingers crossed :)
by thomasbayarea
Thu May 14, 2015 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

OP here. We decided to wait it out for about 1 week. I see no point in going head to head against a cheaper home. We're hiding now :D the real estate agent even yanked out the sign. We'll do a surprise listing next Wednesday, most likely after the competition has seen it's first wave of offers.
by thomasbayarea
Wed May 13, 2015 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

ramsfan wrote:Consider raising your price to $839,000.
How will that help? Won't it drive every buyer to the cheaper alternative?
by thomasbayarea
Wed May 13, 2015 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Re: Selling home - unexpected competition

joebh wrote:What does your agent recommend?
Waiting for about 1 week. It makes sense - competing with another identical house will reduce the number of offers...
by thomasbayarea
Wed May 13, 2015 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - unexpected competition
Replies: 113
Views: 13798

Selling home - unexpected competition

We're looking to sell our house in the Bay Area (market is hot). We got it painted, put in new appliances, prepped up, staged, photos, etc. Agent was to list tomorrow for $ 800k , but a competing house just popped up on the market today . This is the exact same floor plan (same square feet, etc) loc...
by thomasbayarea
Thu Apr 30, 2015 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Casual shirts/tops for tall skinny men
Replies: 17
Views: 1323

Re: Casual shirts/tops for tall skinny men

Costco Kirkland brand slim fit shirts.
Brooks Brothers slim fit shirts.

Both fit me well - 6'2", 180lbs, 33 inch waist, 34 inch inseam.
by thomasbayarea
Wed Apr 08, 2015 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Nailed it! $223,199/yr: magic# for making it in SF Bay Area
Replies: 117
Views: 12846

Re: Nailed it! $223,199/yr: magic# for making it in SF Bay A

I "made it" as a graduate student in Berkeley making $18k/year. Having lived here for about 15 years, I'd say that the magic number all depends on your definition of "made it". :beer
by thomasbayarea
Tue Mar 03, 2015 4:25 pm
Forum: Personal Consumer Issues
Topic: Can I afford it?
Replies: 59
Views: 6387

Re: Can I afford it?

Yes you can afford it, so go buy the car. You won't be 31 years old with 150k again.
by thomasbayarea
Sat Feb 14, 2015 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants won't let us show the rental: what do we do?
Replies: 60
Views: 7909

Re: Tenants won't let us show the rental: what do we do?

Kickback? You must be kidding! The renters have something to hide.
by thomasbayarea
Tue Feb 03, 2015 5:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: San Francisco Bay Area Bogleheads?
Replies: 21
Views: 3898

Re: San Francisco Bay Area Bogleheads?

I'd like to meet, count me in.
by thomasbayarea
Fri Jan 30, 2015 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: 4 essential documents: Suze Orman
Replies: 27
Views: 3985

Re: 4 essential documents: Suze Orman

I too recommend Nolo. Very high quality material at very reasonable prices. They also offer software that I use (for wills, for landlording, etc)
by thomasbayarea
Mon Nov 10, 2014 6:14 pm
Forum: Personal Consumer Issues
Topic: Which Tablet?
Replies: 24
Views: 2139

Which Tablet?

Our 1st Gen iPad is on it's last legs. We're in the market for a new 9-10 inch tablet. Any recommendations?

I use an Android phone. DW uses an iPhone 5... The OS does not matter very much. We have a little paid content in iTunes, but we don't watch it very often.
by thomasbayarea
Fri Nov 07, 2014 1:48 pm
Forum: Personal Consumer Issues
Topic: All inclusive resort in Puerto Vallarta
Replies: 11
Views: 1994

Re: All inclusive resort in Puerto Vallarta

How is this place called Melia?

http://www.oyster.com/puerto-vallarta/h ... ch-resort/

Any personal reviews?
by thomasbayarea
Thu Nov 06, 2014 8:20 pm
Forum: Personal Consumer Issues
Topic: All inclusive resort in Puerto Vallarta
Replies: 11
Views: 1994

Re: All inclusive resort in Puerto Vallarta

Marival Residences and World Spa is sublime. However, with kids the sister property Marival Resort and Suites might be more appropriate. Unfortunately it's not even in the same league... but that's one of the sacrifices for bringing the kids. Wow, we were seriously considering Marival Resort and Su...
by thomasbayarea
Thu Nov 06, 2014 8:12 pm
Forum: Personal Consumer Issues
Topic: All inclusive resort in Puerto Vallarta
Replies: 11
Views: 1994

All inclusive resort in Puerto Vallarta

Can anyone recommend an all inclusive resort in Puerto Vallarta ... for 2 adults and 2 kids (aged 3 and 7).

Looking to go end of December (25th - 30th). I see lots of options, reviews, pictures, ratings online (information overload)... Any personal recommendations? Thanks.
by thomasbayarea
Tue Nov 04, 2014 1:09 pm
Forum: Personal Consumer Issues
Topic: What do you set your thermostat to (in F)?
Replies: 81
Views: 5383

What do you set your thermostat to (in F)?

With the winter approaching, I was wondering - what do you set your thermostat to (in F)?

At say 8PM, when everyone is awake, eating dinner, doing homework, watching TV, etc?
by thomasbayarea
Wed Oct 29, 2014 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Relocation to San Francisco - Advice?
Replies: 23
Views: 1869

Re: Possible Relocation to San Francisco - Advice?

1. Any advice regarding specific neighborhoods a couple of newbies should target or consider? We'd want to live in the city. His job would be in the financial district for the record, and hopefully mine would be too. We are scheduled to visit for a long weekend in December. He'll meet the team, and...
by thomasbayarea
Wed Sep 24, 2014 4:21 pm
Forum: Personal Consumer Issues
Topic: How to achieve a balance between "saving" and "living"?!
Replies: 64
Views: 7050

Re: How to achieve a balance between "saving" and "living"?!

Don't buy an expensive Street Glide. I've been motorcycling for 20+ years and the one thing I have learnt is that it does not take a super expensive motorcycle to enjoy the sport. I've had much more fun on a beater SV650 than an expensive Beemer. If you are all bent on a Harley, pick up a used Sport...
by thomasbayarea
Thu Aug 07, 2014 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 122
Views: 20817

Re: Affording a 1.3 million home?

What am I missing?

You have $920k in savings before taxes. You want to buy a $1.3M house. You earn $275k/year.

Should be a walk in the park ... Good luck :sharebeer
by thomasbayarea
Tue Aug 05, 2014 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for Home Downpayment in Bay Area (California)
Replies: 12
Views: 1496

Re: Investing for Home Downpayment in Bay Area (California)

Save 20% and buy a house you can afford with your current salary. There is no advantage in waiting till you have saved 60%.
by thomasbayarea
Fri Jun 20, 2014 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable v/s pay down mortgage v/s I Savings Bonds
Replies: 9
Views: 947

Re: Taxable v/s pay down mortgage v/s I Savings Bonds

Grt2bOutdoors wrote:How stable is your employment? 6-9 months is on the low side of an e-fund.
Employment is fairly stable, by Silicon Valley standards :happy In the event of an extreme emergency, we have the Roths, i-bonds and home equity.
by thomasbayarea
Fri Jun 20, 2014 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable v/s pay down mortgage v/s I Savings Bonds
Replies: 9
Views: 947

Re: Taxable v/s pay down mortgage v/s I Savings Bonds

MooseandBear wrote:Is a coverdell of interest? Small max each year but another tax advantaged account.
We have enough money invested in 529s so the additional $2k per year is not very attractive. Also, we don't want to overfund the 529s ... thanks.
by thomasbayarea
Thu Jun 19, 2014 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Taxable v/s pay down mortgage v/s I Savings Bonds
Replies: 9
Views: 947

Taxable v/s pay down mortgage v/s I Savings Bonds

To wise folks at Bogleheads.org, here is a brief summary - ** We maximize all tax advantaged contributions (401k, Roth-IRA and HSA), with the exception of I Savings Bonds ** We pay AMT ** We have very little taxable funds, almost all were liquidated to buy our house last year ** We hold a 5/5 PenFed...
by thomasbayarea
Wed Jun 11, 2014 11:51 am
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 8389

Re: College & PhD vs $250k working

I did not read all the replies. Here are my thoughts. 1. PhD years always count as "experience". 2. My company regularly hires PhD Chemists and pays them upwards of $150k salary with $100-$200k in RSU/options, incentives. I recently made such an offer to a Stanford grad and he declined :oo...
by thomasbayarea
Mon Jun 02, 2014 2:28 pm
Forum: Personal Consumer Issues
Topic: Boston with kids
Replies: 10
Views: 664

Re: Boston with kids

Thanks everyone!
by thomasbayarea
Mon Jun 02, 2014 11:52 am
Forum: Personal Consumer Issues
Topic: Boston with kids
Replies: 10
Views: 664

Boston with kids

We are going to be in Boston (for a graduation) this week. We have two free days. Any recommendations on kids activities (aged 6 and 2)?

Thank you!
by thomasbayarea
Thu May 15, 2014 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 4927

Re: UCLA vs USC Decision [Which college to attend]

Why not run a simple A/B test? Create two identical resumes, one with USC+major and one with UCLA+major. Host them on indeed.com and check out how many hits you get from employers. My own Silicon Valley "gut feel" is that Econ majors are way more in demand than business majors and MBAs. UC...
by thomasbayarea
Wed May 14, 2014 11:17 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Porsche convertible. Turning 40 soon
Replies: 42
Views: 5647

Re: Talk me out of buying a Porsche convertible. Turning 40

The Accord Hybrid (probably a $35,000 car) will be more expensive than the Porsche.

The Porsche will always deliver more smiles per mile ... and that's what (often) counts.

Enjoy :sharebeer
by thomasbayarea
Tue May 13, 2014 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Share your networth progression
Replies: 226
Views: 50283

Re: Share your networth progression

The last two years have been interesting ...

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