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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: 3420

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: 2664

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: 2664

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: 2664

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: 3420

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: 3420

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: 3420

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: 3420

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: 982

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: 620

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: 440

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: 3420

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: 3420

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: 3420

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: 440

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: 982

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: 3420

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: 3420

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: 3420

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: 899

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: 2652

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: 983

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: 2422

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: 983

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: 983

Re: Saving for Basement Finish

How much do you need to save?
by wilked
Mon Jul 21, 2014 5:36 pm
 
Forum: Personal Consumer Issues
Topic: Saving for Basement Finish
Replies: 16
Views: 983

Re: Anyone know a good coin dealer in Dayton, Ohio?

Not sure about coins but you won't find a better donut than Bill's in all of America
by wilked
Mon Jul 21, 2014 9:59 am
 
Forum: Personal Consumer Issues
Topic: Anyone know a good coin dealer in Dayton, Ohio?
Replies: 7
Views: 703

Re: how often do you look at your account

John3754 wrote:I look quarterly and rebalance twice a year.

+1
by wilked
Mon Jul 21, 2014 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 3588

Re: Anyone attend Worcester Polytechnic Institute

livesoft, not sure I fully agree. Networking is a skill you can cultivate daily. Going to the supermarket later? Network with customers, strike a conversation with the checkout people. Hitting the gym? Network with the trainers, other people working out. At its core it is about making a connection. ...
by wilked
Mon Jul 21, 2014 8:50 am
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2422

Re: Anyone attend Worcester Polytechnic Institute

She shoul dfigure out a way to get here

http://conference.asem.org/

And network the hell out of the conference. Ideally leave the conference with 4-5 solid leads on jobs. Talk to her professors, I bet there is budget to send some kids there
by wilked
Mon Jul 21, 2014 8:29 am
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2422

Re: Anyone attend Worcester Polytechnic Institute

What year is she? She will be a junior?
by wilked
Sun Jul 20, 2014 7:45 pm
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2422

Re: Anyone attend Worcester Polytechnic Institute

I nearly went to WPI, ended up going to a competitor (RPI). WPI is a great school and well respected. I am not really sure what Management Engineering is, but she should definitely do 1 or 2 co ops. Employers really want that real world experience. Good luck!
by wilked
Sun Jul 20, 2014 6:16 pm
 
Forum: Personal Consumer Issues
Topic: Anyone attend Worcester Polytechnic Institute
Replies: 45
Views: 2422

Re: NPR: Net Price Of Private Non-Profit College

I remember that thread, data was definitely eye opening. Not what I would have expected at all
by wilked
Sat Jul 19, 2014 8:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: NPR: Net Price Of Private Non-Profit College
Replies: 36
Views: 3244

Re: Employer stock

"My employer matches 100% of first 4% and 50% of next 2% that I invest into 401k." -No brainer to first invest 6% of your gross into your 401k, invested in index funds. From there, you have the "Buy 2, Get One Free" stock deal with post-tax dollars. Too good a deal to pass up. Yo...
by wilked
Fri Jul 18, 2014 8:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Employer stock
Replies: 5
Views: 527

Re: Home Purchase

I would aim for PITI to be no more than 25% of take home. From rough numbers I believe that to be $1400 or so for you. Use mortgage calculators to 'back out' what mortgage that would be and subsequent down payment. You mention more children, does your spouse work? What is the cost of two children i...
by wilked
Thu Jul 17, 2014 10:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Purchase
Replies: 14
Views: 1573

Re: Home Purchase

I would aim for PITI to be no more than 25% of take home. From rough numbers I believe that to be $1400 or so for you. Use mortgage calculators to 'back out' what mortgage that would be and subsequent down payment. You mention more children, does your spouse work? What is the cost of two children in...
by wilked
Thu Jul 17, 2014 6:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Home Purchase
Replies: 14
Views: 1573

Re: Teacher Considering Career Change

What state are we talking about?
by wilked
Wed Jul 16, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Teacher Considering Career Change
Replies: 49
Views: 3643

Re: How Much House Should I Buy?

Your car analogy is ridiculous. It's a depreciating asset vs. a home which can be lived in forever and which should appreciate. The house is definitely a depreciating asset. You may think it should appreciate, but history disagrees, in spite of recent run-ups... Google inflation-adjusted housing pr...
by wilked
Tue Jul 15, 2014 3:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4428

Re: How Much House Should I Buy?

If you will be aggressively paying down the principal, why discuss 30 year payback dollars? Postponing the purchase has real savings, I would say at least $50k/year. All of this other stuff of interest rates might go up to this and housing prices might do that is pie in the sky stuff. Your rent toda...
by wilked
Tue Jul 15, 2014 3:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4428

Re: Debt Payoff Plan - Student/Car Loans

Hello All, Looking on advice in effort to pay off the following debt: Student Loans: $46K @ 5.30% Car Loan: $12K @ 4.00% Total Monthly After-Tax Income: $7,600 Total Budgeted Monthly Expenses: $3,550 Remaining Disposable Income: $4,050 I'm thinking of taking an aggressive stance and putting $2000-$...
by wilked
Tue Jul 15, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Plan - Student/Car Loans
Replies: 9
Views: 1114

Re: How Much House Should I Buy?

I certainly understand the correlation but it doesn't always play out that way. Interest rate can rise with housing prices, especially in niche, highly desirable markets like the ones we are looking at. There will always be millionaires who want to live on the westside of LA. It's probably not sust...
by wilked
Tue Jul 15, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4428

Re: Estate planning book?

CABob wrote:Consider Beyond the Grave by Condon and Condon.
http://www.amazon.com/Beyond-Grave-revi ... +the+grave

+1
by wilked
Tue Jul 15, 2014 1:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estate planning book?
Replies: 12
Views: 1245

Re: Tesla S

Exactly. Haved saved lots of time past two years never going to gas station... ...do plan to be making trips in near future using superchargers, one I will be using is next to a Starbucks and another is at a mall with food stores so will consider it a nice break for refreshment. You would make a he...
by wilked
Tue Jul 15, 2014 12:37 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 506
Views: 50083

Re: How Much House Should I Buy?

LKFB, am I totally missing something? A $2MM mortgage loan should be ~ $10K payment to the bank per month, no? (assume 30yr traditional and 4%)
by wilked
Tue Jul 15, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4428

Re: How Much House Should I Buy?

FWIW most of my friends who were in that situation, after a sharp intake of breath, turned into doting and devoted fathers :happy Most people who have children seem to say 'it was far more work and responsibility than I ever imagined-- we were totally exhausted for years'. Most also say 'it was/ is...
by wilked
Tue Jul 15, 2014 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4428

Re: How Much House Should I Buy?

Maybe I missed it, but is OP even planning on having kids?
by wilked
Tue Jul 15, 2014 7:30 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4428

Re: Buying a camper

No brainer to go for the teardrop http://tinyhousetalk.com/wp-content/uploads/custom-woody-teardrop-camper-for-sale-009.jpg Edit to add: Design for sleeping 4 here http://www.angib.pwp.blueyonder.co.uk/teardrop/tear47.htm Am I correct in that when the kids are older, they would only be in the teardr...
by wilked
Mon Jul 14, 2014 8:58 pm
 
Forum: Personal Consumer Issues
Topic: Buying a camper
Replies: 26
Views: 2466

Re: NPR: Net Price Of Private Non-Profit College

If your child(ren) is 10+ years away from college, do people feel the mock FAFSA is sufficient to gain understanding of the variables involved, and impact? Which mock do people recommend?

Thanks
by wilked
Mon Jul 14, 2014 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: NPR: Net Price Of Private Non-Profit College
Replies: 36
Views: 3244

Re: Paying for Education from Rollover IRA

Gotcha. As noted, I suggest you get a job and pay out of pocket. My personal perspective, I have worked since 14 as well, worked through undergrad, and am currently working full time while obtaining my MS in Engineering Management (have wife and son). Accumulating those 'early' retirement dollars is...
by wilked
Thu Jul 10, 2014 10:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for Education from Rollover IRA
Replies: 8
Views: 490

Re: Paying for Education from Rollover IRA

Prince, it sounds like you have it figured out, what specific guidance are you looking for then?
by wilked
Thu Jul 10, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for Education from Rollover IRA
Replies: 8
Views: 490
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