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Re: New Roof Needed Soon... Advice?

Agree with the others, go for a metal roof
by wilked
Thu Sep 11, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: New Roof Needed Soon... Advice?
Replies: 48
Views: 2978

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 10:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recommended Mortgage Lenders
Replies: 11
Views: 936

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 10:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: how will paid-off house affect mortgage app for new home?
Replies: 5
Views: 712

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 7:02 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16074

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 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16074

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 9:17 pm
 
Forum: Personal Consumer Issues
Topic: Jewelry Insurance - Engagement Ring
Replies: 17
Views: 1575

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 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to finance major home improvements
Replies: 24
Views: 1687

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 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2425

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 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do we plunder our retirement to pay off student debt?
Replies: 30
Views: 2661

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 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: gifting money, and smoking
Replies: 30
Views: 2425

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 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Where to live? She works in Boston, he works in Worcester
Replies: 27
Views: 2187

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 6:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Smartest way to fund new car purchase?
Replies: 20
Views: 1522

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 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much life insurance? 29 year olds
Replies: 16
Views: 1438

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 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 3030

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 9:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: $65k bonus for student loans...considering not taking it
Replies: 30
Views: 3325

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 3:35 pm
 
Forum: Personal Consumer Issues
Topic: Changing queen size to king size
Replies: 9
Views: 1230

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

Begin with a better title, please!
by wilked
Mon Aug 11, 2014 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: I...I don't even know where to begin.
Replies: 19
Views: 3068

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 6:23 am
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16074

Re: Which car would you choose?

Anyone else lost?

Why not talk specifics.
by wilked
Wed Aug 06, 2014 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which car would you choose?
Replies: 13
Views: 717

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 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 11
Views: 1351

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 8:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 11
Views: 1351

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 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Talk me in/out of buying a vacation house or condo...please
Replies: 21
Views: 2751

Re: First time home buyer ?'s

it will apply to the transaction
by wilked
Thu Jul 31, 2014 3:20 pm
 
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1096

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 7:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford a home (little more than $500K)
Replies: 28
Views: 4374

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 4:05 pm
 
Forum: Personal Consumer Issues
Topic: First time home buyer ?'s
Replies: 15
Views: 1096

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 6:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

Re: Kitchen Remodel... Or Not?

Maybe post a photo of the kitchen ?
by wilked
Mon Jul 28, 2014 7:21 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 2939

Re: Kitchen Remodel... Or Not?

Can I ask why you need to move in 5-10 years?
by wilked
Mon Jul 28, 2014 10:56 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 2939

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 9:05 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 53
Views: 2939

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 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

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 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

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 8:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

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 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

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 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: slowly turning Boglehead...help me with my next step
Replies: 8
Views: 1170

Re: Reducing picture file size in kb

MS Paint does it easily. Open the photo, resize, save
by wilked
Sat Jul 26, 2014 3:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reducing picture file size in kb
Replies: 14
Views: 637

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 3:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 460

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 2:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

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 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

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

Busting Myths wrote:
wilked wrote:Could use a second opinion.

You are most likely making the biggest purchase of your life. Contact a real estate attorney and get a professional opinion.

It was my attorney who suggested calling the town for the permitting. I guess I am seeking a third opinion? :D
by wilked
Sat Jul 26, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

Re: Buying a house and a car

Option C

Pay cash for car, rent for a year, actively house-hunt during the year and re-learn the market, save that $20K back up, then buy a house with 20% down
by wilked
Sat Jul 26, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a house and a car
Replies: 6
Views: 460

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

I would sell these immediately $18k FID BIOTECH (FBIOX 0.81% exp) $20k FID CHEMICALS (FSCHX, 0.83% exp) $29k FID SOFTWARE & COMPUTER (FSCSX 0.82% exp) $27k FID MATERIALS (FSDPX, 0.85% exp) Very high expense ratios. Big picture: What do you intend for percentages (to add up to 100%): US Stocks In...
by wilked
Sat Jul 26, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: slowly turning Boglehead...help me with my next step
Replies: 8
Views: 1170

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

Images of kitchen and bathroom, to put some context on it. It has a professionally completed appearance http://images2.snapfish.com/232323232%7Ffp83232%3Euqcshlukaxroqdfv892%3B%3Dot%3E3475%3D323%3D%3C25%3DXROQDF%3E26473%3A7845256ot1lsi http://images2.snapfish.com/232323232%7Ffp83232%3Euqcshlukaxroqd...
by wilked
Sat Jul 26, 2014 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

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

Yes, we will be obtaining a mortgage (traditional, not an FHA) Mortgage lender hasn't mentioned this, but we are very early stage here. House is perfect, we don't wish to walk away (this is third offer we have made). I would like to move toward a resolution, just trying to feel out what that resolut...
by wilked
Sat Jul 26, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

Buying a Home - Town permit records don't match disclosures

Hoping for some quick advice here. We had an offer accepted on a home in Massachusetts. We love the home, it was built in 1912 and what really appealed to us is everything has been redone. House looks and feels high-end and well-done. Sellers bought it 5 years ago and are moving to a more affluent t...
by wilked
Sat Jul 26, 2014 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a Home - Town permit records don't match disclosures
Replies: 57
Views: 3601

Re: Help on choosing between investing/paying mortgage/colle

Agreed, I would get rid of the PMI first, then decide how to invest the rest
by wilked
Sat Jul 26, 2014 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Help on choosing between investing/paying mortgage/college
Replies: 12
Views: 916

Re: How to track expenses to the penny?

I would suggest that tracking spending to the penny is a losing mentality. Until you can get past that, I think you're not in good shape. Rather, round off to the nearest -- you fill in the blanks. +1 It may help to do it for a month or two, but beyond that getting within 10 should be very sufficient
by wilked
Tue Jul 22, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: How to track expenses to the penny?
Replies: 40
Views: 2754

Re: Saving for Basement Finish

You said you have kids. From my experience I remember playing in the basement at an early age. I wouldn't personally wait until they were 10+ before doing the work. Are you going to do the work yourself, hire it all out, or some combo? The more you do yourself, the longer it can take. I have seen fr...
by wilked
Tue Jul 22, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Saving for Basement Finish
Replies: 16
Views: 1008

Re: Anyone attend Worcester Polytechnic Institute

Dopey, a newly graduated Project Manager in that situation would have a mentor and wouldn't be expected to lead those projects. From your perspective that is more work, but from many company's perspective that is necessary pains to develop a strong young leader in their own mold
by wilked
Tue Jul 22, 2014 8:02 am
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2515

Re: Saving for Basement Finish

The issue, you know, is that within 9 years something else (roof, plumbing, who knows) will come up that is more pressing
by wilked
Mon Jul 21, 2014 6:06 pm
 
Forum: Personal Consumer Issues
Topic: Saving for Basement Finish
Replies: 16
Views: 1008

Re: Saving for Basement Finish

Just as an example... Let's say it is about $10K, and let's say you are putting $100 a month into some sort of account. If that account earns 0%, at the 9 year mark you have $10,800 (9x12x100) If that account earns 2%, at the 9 year mark you have about $11,800 Alternatively, if you put $200 a month ...
by wilked
Mon Jul 21, 2014 5:44 pm
 
Forum: Personal Consumer Issues
Topic: Saving for Basement Finish
Replies: 16
Views: 1008
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