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Re: How premium cable can cost $59K

Now try and imagine that instead of buying a cup of coffee a day you invest it!
by wilked
Sat Nov 15, 2014 6:26 am
 
Forum: Personal Finance (Not Investing)
Topic: How premium cable can cost $59K
Replies: 45
Views: 5015

Re: Puerto Rico

Culebra > Vieques >>>> Mainland Puerto Rico

Seriously, stay a day or two on the mainland if you must but spend the majority in the Spanish Virgin Islands
by wilked
Mon Nov 10, 2014 6:48 pm
 
Forum: Personal Consumer Issues
Topic: Puerto Rico
Replies: 16
Views: 1507

Re: Buying Furniture

We bought a Pier 1 couch, thing was awful within 2 years (sagging badly).

We now own Amish-built sofas (kiln-dried, lifetime warranty on frame, etc) and so far am happy I spent extra. Very comfortable
by wilked
Mon Nov 10, 2014 2:59 pm
 
Forum: Personal Consumer Issues
Topic: Buying Furniture
Replies: 27
Views: 1844

Re: Buying Furniture

It is not only what you buy, but where you buy it. The last time we bought furniture, we found a good furniture store in a small town in a very rural area. The prices were about 20% lower than in the city. That included free delivery to our house. When we had a problem, they could not have been mor...
by wilked
Mon Nov 10, 2014 2:57 pm
 
Forum: Personal Consumer Issues
Topic: Buying Furniture
Replies: 27
Views: 1844

Re: New Home Affordability- Spend more/save less, or vice ve

no brainer, upgrade the house. You are in a great financial space to do so
by wilked
Sat Nov 08, 2014 9:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Home Affordability- Spend more/save less, or vice versa?
Replies: 6
Views: 537

Re: Can someone explain the myRA and its rules?

They originally announced that the plan would be available beginning late 2014. Treasury Direct has a page on myRA, but there's nothing about signing up just yet. So it doesn't seem to be available right now. http://www.treasurydirect.gov/readysavegrow/readysavegrow.htm Not available? Not actionable!
by wilked
Mon Oct 27, 2014 7:54 pm
 
Forum: Investing - Theory, News & General
Topic: Can someone explain the myRA and its rules?
Replies: 4
Views: 979

Re: How to wrap my head around downsizing my home?

Based on what you listed... Here is what I suggest:

Rent in Newton area near a T stop. You will be able to find a place with a yard, some green space, walkable, and close to public transport. It won't be cheap but nowhere in public-transport-Boston is both cheap and safe.

Good luck
by wilked
Fri Oct 17, 2014 8:55 am
 
Forum: Personal Consumer Issues
Topic: How to wrap my head around downsizing my home?
Replies: 47
Views: 3630

Re: Home Ownership Maintenance Reserve

We just increased our e-fund when we bought a house, basically it is large enough to cover most any repair needed, from roof to furnace to appliances, etc. As it gets drawn down we are certain to replace it. Renovation-type projects get budgeted separately. The only thing we do similar to what the O...
by wilked
Sat Oct 04, 2014 9:21 am
 
Forum: Personal Consumer Issues
Topic: Home Ownership Maintenance Reserve
Replies: 11
Views: 1777

Re: Can I use a tablet for auto navigation?

Out of curiosity, did you google this before posting?

https://www.google.com/search?q=ipad+gp ... 2&ie=UTF-8

The answer is well documented. So long as the tablet has GPS you can use it for auto navigation
by wilked
Sat Oct 04, 2014 9:14 am
 
Forum: Personal Consumer Issues
Topic: Can I use a tablet for auto navigation?
Replies: 9
Views: 925

Re: Pizzasteve come in: my real estate question

1) Your down payment is the money you are investing - say 20% of 372k = 75k Off to a good start 2) Your mortgage payments are the money you would have spent paying rent anyway. Plus, bonus! You get a tax break. uh oh, buried assumption that PITI = equivalent rent. I just bought a house, and PITI is...
by wilked
Sat Oct 04, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: How to look at real estate ROI
Replies: 21
Views: 2549

Re: Home affordability

We could likely sell our existing home for ~$230k. Ideally, I'd like to purchase a new place for around $350k. But there isn't much available around that price. http://www.badgerflats.com/blog/wp-content/uploads/2011/07/Scratch-head2.jpg Perhaps you missed this sentence, cleverly hidden before that...
by wilked
Mon Sep 29, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home affordability
Replies: 25
Views: 2828

Re: Home affordability

yosef wrote:We could likely sell our existing home for ~$230k. Ideally, I'd like to purchase a new place for around $350k. But there isn't much available around that price.

http://www.badgerflats.com/blog/wp-cont ... -head2.jpg
by wilked
Mon Sep 29, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home affordability
Replies: 25
Views: 2828

Re: New Roof Needed Soon... Advice?

Agree with the others, go for a metal roof
by wilked
Thu Sep 11, 2014 10:51 am
 
Forum: Personal Consumer Issues
Topic: New Roof Needed Soon... Advice?
Replies: 48
Views: 3063

Re: Recommended Mortgage Lenders

My recommendation is to find a good local lender. Redfin has reviews if you are a member. Get preapproved. When you have an offer accepted, call all the people above here. Use them to leverage the best rate and terms with local lender. If local can get close use them, a botched / delayed closing wil...
by wilked
Wed Sep 10, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recommended Mortgage Lenders
Replies: 11
Views: 989

Re: how will paid-off house affect mortgage app for new home

Looks like you can easily afford it.

Out of curiosity, were you thinking of moving before? Having to move for school reasons is one thing, but it appears as if you are seeking double the house as a result (double the dollars at least)
by wilked
Wed Sep 10, 2014 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: how will paid-off house affect mortgage app for new home?
Replies: 5
Views: 738

Re: The Worst Investment You Can Make: Buying a Home

I admit that when I was buying I did more due diligence on the location and tried to ensure that I bought in an area where values weren't likely to be depressed in the near term - I also paid more attention to flood risks. In the end, though, I stuck with the same sort of housing and can't really s...
by wilked
Thu Aug 28, 2014 6:02 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16712

Re: The Worst Investment You Can Make: Buying a Home

We just arrived in California. Wife wanted a house for our four kids. Put down 60% and paid it off in two more years. I was a little foggy about the investment decision (11 3/4% mortgage rate helped in paying off decision). My wife was very happy. My kids were happy and I found I was happy. Nobody ...
by wilked
Wed Aug 20, 2014 8:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16712

Re: Jewelry Insurance - Engagement Ring

I use JM. They are great to work with and their reputation is stellar I definitely recommend taking the ring to your jeweler once a year, have them clean it up (shine it up nice) and check the metal prongs to be sure it is on there well My only advice is to get an appraisal for 'replacement value'. ...
by wilked
Wed Aug 20, 2014 8:17 pm
 
Forum: Personal Consumer Issues
Topic: Jewelry Insurance - Engagement Ring
Replies: 19
Views: 1958

Re: How to finance major home improvements

No option for doing it the old fashioned way, budgeting, saving, and paying cash?
by wilked
Wed Aug 20, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1805

Re: gifting money, and smoking

I'm going to give them the money. I'm just trying to approach this in a way to get what I want, him to stop smoking. He's actually been in the hospital with pneumonia since monday now. My mom is hoping that him being forced to not smoke while in the hospital, and being told he can't smoke until the...
by wilked
Wed Aug 20, 2014 12:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2520

Re: Do we plunder our retirement to pay off student debt?

I wouldn't take out a loan to pay off a loan - that really isn't solving a problem, just shifting it to somewhere you can more easily ignore it. If I were in your shoes, I would follow the Dave Ramsey baby steps. 1. Get the 401ks matches (okay - so Dave wouldn't do this, but I think it's prudent in...
by wilked
Wed Aug 20, 2014 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do we plunder our retirement to pay off student debt?
Replies: 30
Views: 2862

Re: gifting money, and smoking

My mom asked to borrow some money, 400$ I don't actually expect to get it back, because to be honest, she's not good with money. I'm very glad she doesn't have a credit card. Oh I'll just make payments is a common phrase for her. Her only debt right now is housing, about 80k. My mom and step dad to...
by wilked
Tue Aug 19, 2014 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2520

Re: Where to live? She works in Boston, he works in Worceste

Brookline will be a serious premium (speaking from someone who moved away from there a year ago). I would aim for Newton, definitely choose a spot walking distance to the commuter rail there (forget about the green line unless she is a serious masochist). Newton is a great town, can be very walkable...
by wilked
Sun Aug 17, 2014 9:23 pm
 
Forum: Personal Consumer Issues
Topic: Where to live? She works in Boston, he works in Worcester
Replies: 27
Views: 2265

Re: Smartest way to fund new car purchase?

jeff1949 wrote:
Crimsontide wrote:Save up and pay cash...



+1

That always worked well for me. If I could not afford to pay cash then...........I just could not afford it. Period.

+1
by wilked
Sun Aug 17, 2014 5:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Smartest way to fund new car purchase?
Replies: 20
Views: 1595

Re: How much life insurance? 29 year olds

I think you each need $250-500K, for ~20 years. Deciding between 250 and 500 is a matter of comfortability. If I were you I would aim for the low side, but that is uo to you
by wilked
Wed Aug 13, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much life insurance? 29 year olds
Replies: 16
Views: 1533

Re: Reticient sibling [Dispute over execution of trust]

Mr. Digweed wrote: The devil is in the details.

The very thing this thread is lacking...
by wilked
Mon Aug 11, 2014 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 3274

Re: $65k bonus for student loans...considering not taking it

The old proverb of 'bird in hand' seems to apply here...
by wilked
Mon Aug 11, 2014 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: $65k bonus for student loans...considering not taking it
Replies: 30
Views: 3410

Re: Changing queen size to king size

If you don't care about the side rails or a bit of kludgery, consider this plan: Disassemble bed Attach headboard to wall behind bed Attach king-width 2x4 across width of headboard Lay down standard metal king bed frame (cheap) Attach head of frame to 2x4 Attach another 2x4 to foot of frame Attach ...
by wilked
Mon Aug 11, 2014 2:35 pm
 
Forum: Personal Consumer Issues
Topic: Changing queen size to king size
Replies: 9
Views: 1275

Re: I...I don't even know where to begin.

Begin with a better title, please!
by wilked
Mon Aug 11, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: I...I don't even know where to begin.
Replies: 19
Views: 3172

Re: The Worst Investment You Can Make: Buying a Home

Exactly. If I buy an iPad instead of renting one http://www.meetingtomorrow.com/cms-category/boston-computer-rentals that is an investment. If I buy a TV rather than lease one how can that not be an investment? http://www.buddyrents.com/electronics-rent-to-own/television People with a finance mind w...
by wilked
Sat Aug 09, 2014 5:23 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16712

Re: Which car would you choose?

Anyone else lost?

Why not talk specifics.
by wilked
Wed Aug 06, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which car would you choose?
Replies: 13
Views: 746

Re: Has anyone bought a home with Redfin?

sscritic wrote: Need to sign a paper? You do it online. I had more personal contact with the escrow company and phone contact with the lender than I did with redfin.



This was a huge plus for me, personally. I do not have time to waste driving around to sign stuff, esign is MUCH easier
by wilked
Wed Aug 06, 2014 7:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 11
Views: 1405

Re: Has anyone bought a home with Redfin?

Just bought one (closing in a month). I found the Redfin agent very helpful and trust me, they will do plenty of handholding. I am in a very hot market where the cycle is 1. List home on Wed-Fri 2. Open houses Sat/Sun 3. Offers due Tues 4. Offer accepted Wed In the above setup an agent doesn't offer...
by wilked
Wed Aug 06, 2014 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 11
Views: 1405

Re: Talk me in/out of buying a vacation house or condo...ple

Numbers don't seem to add up to me... You make ~$100K, put in 15% to 401k (and 15% by employer), so $30K/yr, yet your balance is $68K? You have a Roth balance of $11K and contribute $1K/month? If the above are true, it appears you have only been saving for retirement for 1-2 years, where did the ext...
by wilked
Tue Aug 05, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Talk me in/out of buying a vacation house or condo...please
Replies: 21
Views: 2865

Re: First time home buyer ?'s

it will apply to the transaction
by wilked
Thu Jul 31, 2014 2:20 pm
 
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1137

Re: Can we afford a home (little more than $500K)

Similar salary, closing now on 540k property (20% down). Looks like our taxes might be a little lower but overall numbers line up. It is at the top of where I am comfortable but we decided to stretch as it is perfect. You will be fine. Consider scaling back a little on 401k if needed for a couple ye...
by wilked
Thu Jul 31, 2014 6:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford a home (little more than $500K)
Replies: 28
Views: 4459

Re: First time home buyer ?'s

One last question, I have $22k in taxable investments that will be used for the down payment. I know I will have to pay taxes on them. They are with Vanguard and invested in Wellesley. I bought this fund in December 2013. To my knowledge, the Capital Gains taxes I pay on them will go down after one...
by wilked
Wed Jul 30, 2014 3:05 pm
 
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1137

Re: Buying a Home - Town permit records don't match disclosu

So, here's the postmortem: Seller produced records on all the renovations, permitting for some of it. No permit on electrical (claim it wasn't required) and no permit on roof (likewise). For roof, confirmed in writing that 30 year warranty transfers to us. For electrical, have scans of certificate t...
by wilked
Tue Jul 29, 2014 5:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3752

Re: Kitchen Remodel... Or Not?

Maybe post a photo of the kitchen ?
by wilked
Mon Jul 28, 2014 6:21 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 3160

Re: Kitchen Remodel... Or Not?

Can I ask why you need to move in 5-10 years?
by wilked
Mon Jul 28, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 3160

Re: Kitchen Remodel... Or Not?

We've only been in this house 1 year, and knew we'd need to do some improvements. I expect we won't be here for more than 10 years. Ages 32 and 33, single income, 2 kids. So you plan to move in 5-10 years, why is that? It seems odd to have bought the house less than a year ago but be ready to move ...
by wilked
Mon Jul 28, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 3160

Re: Buying a Home - Town permit records don't match disclosu

Of course you have to use some discretion. I do like that their foremost incentive is a happy client, though. If I felt I was being pressured I would be certain to reflect it in my customer service rating, directly affecting the agent's bonus. It's a unique business model in the housing business, bu...
by wilked
Sun Jul 27, 2014 8:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3752

Re: Buying a Home - Town permit records don't match disclosu

As noted, we are working with Redfin, their agents are not incentivized on closing but rather on customer service. I appreciate the posters worrying about me getting taken by the realtor but I can assure you this is not the case. Waiving the inspection was my idea, not his, if anything he cautioned...
by wilked
Sun Jul 27, 2014 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3752

Re: Buying a Home - Town permit records don't match disclosu

This has been a good thread to read and I have pariticpated in it. Reading the OPs last response (a few above this) and all of them, it is entirely unclear to me why he sought any advice as he has dismissed everything. That does not detract from the value of the thread to others of course and I hav...
by wilked
Sun Jul 27, 2014 7:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3752

Re: Buying a Home - Town permit records don't match disclosu

As noted, we are working with Redfin, their agents are not incentivized on closing but rather on customer service. I appreciate the posters worrying about me getting taken by the realtor but I can assure you this is not the case. Waiving the inspection was my idea, not his, if anything he cautioned ...
by wilked
Sun Jul 27, 2014 11:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3752

Re: slowly turning Boglehead...help me with my next step

capper, I don't follow. Do you intend to retain your sector funds? Everything about them is very anti-boglehead...what are your reasons for keeping them?
by wilked
Sat Jul 26, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: slowly turning Boglehead...help me with my next step
Replies: 8
Views: 1291

Re: Reducing picture file size in kb

MS Paint does it easily. Open the photo, resize, save
by wilked
Sat Jul 26, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reducing picture file size in kb
Replies: 14
Views: 665

Re: Buying a house and a car

Thanks for the tips. Renting for a year is unfortunately likely not an option. She has geographic restrictions on where she's able to live that relate to her job, and rental stock within the defined perimeter is sparse. She's staying with a relative when she first arrives, but she's 33, and she'd o...
by wilked
Sat Jul 26, 2014 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 470

Re: Buying a Home - Town permit records don't match disclosu

OP, you are of course free to defend your actions before or after you make this transaction. You started out with a list of the changes made by the current owners. How do you know this? Well you check for the permits. Not there. You wave inspection on a house that is about 100 years old and the rea...
by wilked
Sat Jul 26, 2014 1:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3752

Re: Buying a Home - Town permit records don't match disclosu

I backed out of a house. The inspection showed the house was not grounded,had asbestos, and foundational problems. The kitchen looked fantastic. You can buy those electrical receptacles to check if the electrical is grounded correctly. GE GFCI Tester on amazon for 8 bucks. I now travel with the GFC...
by wilked
Sat Jul 26, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3752
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