Search found 1992 matches

by DiscoBunny1979
Tue Aug 23, 2016 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 6932

Re: Homeowners should consider flood insurance

I've looked into it a couple of times, but have rejected it because the coverage for a finished basement is poor and our first and second floors would not be vulnerable to flooding. We aren't in a flood zone to begin with--we're on a mild hill, over 400 feet above sea level, and not near any signif...
by DiscoBunny1979
Thu Aug 04, 2016 12:44 am
Forum: Personal Consumer Issues
Topic: Community Solar [Should I buy a solar farm]
Replies: 13
Views: 907

Re: Community Solar [Should I buy a solar farm]

1) If solar was such a great investment, utilities would have blanketed the entire southwest US in them. This is not a true statement as the reason the southwest isn't blanketed by solar is because 1) the environmentalists argue that covering the ground with miles of solar panels disrupts the natur...
by DiscoBunny1979
Tue Jul 05, 2016 1:29 pm
Forum: Personal Consumer Issues
Topic: How to negotiate result of big item home inspection
Replies: 54
Views: 3490

Re: How to negotiate result of big item home inspection

In CA you can make a house contingent upon a home inspection. Therefore anything that comes up in an inspection is fair game to ask the seller to correct. IF this was a house that required a loan, if important things like an HVAC or water heater was not working, some loans would not go through, like...
by DiscoBunny1979
Mon Jun 27, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Home Sale Strategy
Replies: 9
Views: 1478

Re: Home Sale Strategy

I would make sure that the rule for claiming the house as Primary Residence does NOT mean living in the house for 24 consecutive months. If my memory is correct, the law might only allow for 24 consecutive months to avoid something like the OP is suggesting that he/she can rent the place for 2 1/2 y...
by DiscoBunny1979
Sat Jun 25, 2016 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: house affordability question
Replies: 39
Views: 2190

Re: house affordability question

Just because the OP and the wife likes living in SoCal, doesn't mean that that feeling about the neighborhood they want will stay the same. As people age, many tend to want less noise and less traffic congestion. Also, depending upon health status, people need to find housing whereas it's a usable s...
by DiscoBunny1979
Wed Jun 22, 2016 1:04 pm
Forum: Personal Consumer Issues
Topic: best wristwatch for the price
Replies: 87
Views: 5168

Re: best wristwatch for the price

My vote(s) is for the Citizen EcoDrive Chronograph with stainless steel wrist band or something by Invicta
by DiscoBunny1979
Tue Jun 21, 2016 12:35 am
Forum: Personal Consumer Issues
Topic: Where (safely and legally) to keep "cash"?
Replies: 78
Views: 5737

Re: Where (safely and legally) to keep "cash"?

In my opinion, investing in 1) a security camera system whereas it records on your personal DVR, 2) dogs, and 3) a good fence are great ways to protect your belongings - whether it be cash or something else. But if you have to put cash somewhere, my first response would be a combination safe that ca...
by DiscoBunny1979
Wed Jun 15, 2016 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: All I have to do is get to 70?
Replies: 27
Views: 4166

Re: All I have to do is get to 70?

Of course taking the side of the devil's advocate, whereas it is not all flowers and bunnies . . . Social Security is expected to pay out more than it receives by 2020. By 2035, some say that Social Security will run dry. Therefore, one might want to take into account that there could be some cut in...
by DiscoBunny1979
Sun Jun 12, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Renew flood insurance?
Replies: 10
Views: 828

Re: Renew flood insurance?

I have Earthquake insurance on my home (15% deductible) and so, even though I'd have to have about 45K in damage before it would pay 1 cent, it's worth it to me as "insurance" against total loss. Put it this way, if the house was flooded to such an extent that it was a total loss or red ta...
by DiscoBunny1979
Sun Jun 12, 2016 3:40 pm
Forum: Personal Consumer Issues
Topic: 3 Row SUVs - Help Educate Me
Replies: 42
Views: 3525

Re: 3 Row SUVs - Help Educate Me

I own a Nissan Xterra and absolutely love it for its versatility. I'm wondering why folks haven'g mentioned the Nissan Aramada. I've been looking at new SUVs as well, but am concerned that the price I'd have to pay for something that meets my expectations would be close to the $40-$50 range for a ne...
by DiscoBunny1979
Sat Jun 11, 2016 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: investing in platinum
Replies: 19
Views: 1806

Re: investing in platinum

Do this first. Go to Apmex and click on historical charts on the right. Click 5 year. Realize that ignoring inflation, an investment in platinum 5 years ago is worth half today. At the top of the chart, click gold. Click 5 year again as it reverts to 6 months. Gold did better, only dropping from $1...
by DiscoBunny1979
Wed Jun 08, 2016 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of house sale proceeds
Replies: 7
Views: 841

Re: Taxation of house sale proceeds

Is the house he purchased for $1 an actual sale; whereas it was a transaction made with a Deed and therefore given to the county for recording? If so, what were the ramifications of paying property taxes on such property? Was the property still valued at "market" at time of sale, so that t...
by DiscoBunny1979
Fri May 20, 2016 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Defined benefit plan. Should I "buy" extra years of service?
Replies: 22
Views: 2573

Re: Defined benefit plan. Should I "buy" extra years of service?

I began working for my current employer 11 years ago and it makes all contributions on my behalf to that plan. then you said I am considering buying 10 extra years of service The question I have is since the employer makes all the contributions to the plan, and then you will be buying the extra yea...
by DiscoBunny1979
Wed May 11, 2016 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buy Lake Cabin and Rent It Out? Stupid?
Replies: 15
Views: 2524

Re: Buy Lake Cabin and Rent It Out? Stupid?

"Hi, I'm 60, and I want to spend a quiet weekend at the lake with my daughter and grand-daughter." Accepted! This is a warning. Just because someone says they are going to spend a 'quiet weekend at the lake with my daughter . . ." doesn't mean that the daughter won't bring her friend...
by DiscoBunny1979
Mon Apr 18, 2016 8:33 pm
Forum: Personal Consumer Issues
Topic: Solar Price Per Watt?
Replies: 25
Views: 2666

Re: Solar Price Per Watt?

I agree with Cindyjrn. I took bids from Sunrun (Lowe's), SolarCity and a California Installer called Solar America (Petersen Dean). The problem with suggesting that costs should be this or that for labor is that it's not just the time the installers take. For instance in our 40 panel installation, p...
by DiscoBunny1979
Wed Feb 17, 2016 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Contacted by three heir locators
Replies: 56
Views: 7090

Re: Contacted by three heir locators

This has been suggested, but I would contact the California Probate Court whatever County the case is in. In some California County websites, one can search on a case by case number. I would explore online first and see what comes up.
by DiscoBunny1979
Tue Feb 09, 2016 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Move to another house after 10 months??
Replies: 35
Views: 3075

Re: Move to another house after 10 months??

I would stay in current home if you wouldn't be able to afford potential problems with a Septic system or Well Water. Septic Systems, even after an inspection, can have problems. Having the Septic inspected though, is a must to qualify for a loan - at least in my state. Certain questions to ask conc...
by DiscoBunny1979
Tue Feb 09, 2016 6:22 pm
Forum: Personal Consumer Issues
Topic: Banned from Home Depot Returns
Replies: 100
Views: 27845

Re: Banned from Home Depot Returns

Home Depot use to be the Bank of Home Depot when you could return any item without a receipt and get CASH. They have tightened up the return policy and it could be that because the purchase was used using a credit from a points card that that is the problem. The only return possible is to either rel...
by DiscoBunny1979
Tue Feb 09, 2016 1:14 am
Forum: Personal Consumer Issues
Topic: Bar/Bat Mitzvah gift question
Replies: 21
Views: 2640

Re: Bar/Bat Mitzvah gift question

Chai is a Jewish word for life. Adding up it's numerical value (not sure how that is done) comes to 18. Because of that; it's traditional to give gifts, donations, etc in increments of $18 ($36,/72/90/108...) While that might be a traditional way of doing things, for the person that's not familiar ...
by DiscoBunny1979
Mon Feb 08, 2016 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Mortgage Down payment
Replies: 49
Views: 7262

Re: 10% Mortgage Down payment

Most people do not put down the full 20%, I don't know what most people you are referring to. In my opinion, 20% is the minimum one should put down on a house. And, if one can not afford a 15 year mortgage and are considering a 30 year mortgage to double down on it, then they really can't afford th...
by DiscoBunny1979
Fri Dec 25, 2015 1:41 pm
Forum: Personal Consumer Issues
Topic: Burial plans and Being buried in a National Cemetary
Replies: 16
Views: 1509

Re: Burial plans and Being buried in a National Cemetary

I remember reading somewhere that in certain places, like California, being buried in a National Cemetery is getting increasingly difficult as some facilities are filled to capacity for a regular service. Therefore, many are turning to cremation with ashes saved in a National Cemetery. This supposed...
by DiscoBunny1979
Sun Dec 13, 2015 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Solar panels purchase as an inflation indexed bond
Replies: 23
Views: 2270

Re: Solar panels purchase as an inflation indexed bond

I find it very difficult to believe any power company will get away with charging huge fees to solar users.If that is allowed we are going to have some really serious problems. https://www.washingtonpost.com/national/health-science/utilities-sensing-threat-put-squeeze-on-booming-solar-roof-industry...
by DiscoBunny1979
Sun Dec 13, 2015 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Solar panels purchase as an inflation indexed bond
Replies: 23
Views: 2270

Re: Solar panels purchase as an inflation indexed bond

Other risks include: 1) How much sun is actually available during the day in terms of PEAK HOURS - how much solar energy is available during the day. This relates to location, the sun's movement in the sky, what's in the atmosphere, etc. This is greatly different from a location in California versus...
by DiscoBunny1979
Sat Dec 12, 2015 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: New Military Retirement System
Replies: 84
Views: 9709

Re: New Military Retirement System

Every sailor has the internet on their smartphones and Google knows everything I know this is a little off topic, but I find this comment quite amusing. So, that's where as a Nation we have advanced to - the need to carry smartphones and rely on Google for all our information? Heaven forbid we run ...
by DiscoBunny1979
Wed Dec 02, 2015 5:17 pm
Forum: Personal Consumer Issues
Topic: Paying property tax with credit card to reach spending bonus
Replies: 19
Views: 2529

Re: Paying property tax with credit card to reach spending bonus

Before charging one's credit card for the purchase of gift cards, make sure by reading the credit card terms and conditions that there is not an exclusion to buying gift cards as some credit card issuers are waking up and treating some gift cards as a 'cash advance'. This 'cash advance' then comes w...
by DiscoBunny1979
Sat Sep 26, 2015 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for advice about stepping away from work.
Replies: 8
Views: 1845

Re: Looking for advice about stepping away from work.

Years ago I stepped away from work due to health issues. In my case, I really had to decide was it more important to continue making money at a job that wasn't getting any less stressful or step away to a less costly place to live so I could afford to live without working. The choice for me was clea...
by DiscoBunny1979
Sun Sep 13, 2015 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Earthquake insurance for low risk area?
Replies: 18
Views: 1527

Re: Earthquake insurance for low risk area?

I agree with Alan. Someone with a recently built wood-frame home has much less exposure than someone with a building made from adobe. The serious damage occurs in masonry homes. A moderate quake in unlikely to bring down a wood-frame home, if it is bolted to the foundation. Perhaps, the chimney wil...
by DiscoBunny1979
Wed Sep 09, 2015 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Prospective home buyer
Replies: 23
Views: 2515

Re: Perspective home buyer

I'll take a stab at why it hasn't sold. There could be a number of factors but right off the top of my head is that people buying in 1 million price range can afford to be picky. They want what they want and some will not settle. That means if you are in competition with other like properties, there...
by DiscoBunny1979
Mon Sep 07, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buyer's agent for real estate??
Replies: 10
Views: 1441

Re: Buyer's agent for real estate??

The buyer's agent gets paid whatever house you buy, so it is not in their interest to push you into a bad house or a house at a bad price. Thus, your interests and the buyer's agent's interests are in fact aligned. -jalbert This is not necessarily true. A buyer's agent, especially in California can...
by DiscoBunny1979
Fri Sep 04, 2015 8:09 am
Forum: Personal Finance (Not Investing)
Topic: When will be a good time to buy a house in the South Bay Area?
Replies: 26
Views: 3460

Re: When will be a good time to buy a house in the South Bay Area?

Home prices are so expensive in coastal cities because the demand is so high. If you think the Bay Area is going to becoming undesirable in the near future, you should do the logical thing and preempt it. And just move to a better/cheaper city today! Many People Have! I've known many folks that aft...
by DiscoBunny1979
Thu Sep 03, 2015 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: When will be a good time to buy a house in the South Bay Area?
Replies: 26
Views: 3460

Re: When will be a good time to buy a house in the South Bay Area?

The time to buy a house is when you plan to stay in the area a long time and you can afford the home, 30 year conventional 20% down, 1/3 monthly income. It's a place to live, not an investment. I ignore what the market is doing. My mortgage payment has to be paid regardless of what the housing mark...
by DiscoBunny1979
Thu Sep 03, 2015 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: For Pension: tax withhold or do quarterly estimated?
Replies: 16
Views: 1154

Re: For Pension: tax withhold or do quarterly estimated?

In my opinion, it is much easier to have some tax withholding each month. In some instances, it is required to withhold at least a certain percentage. The OP would have to contact the plan administrator to determine if there is such a requirement. However, the US Government doesn't like to wait to g...
by DiscoBunny1979
Wed Sep 02, 2015 5:14 pm
Forum: Personal Consumer Issues
Topic: Evaluate Proposal on Installation of Solar Panels
Replies: 46
Views: 5010

Re: Evaluate Proposal on Installation of Solar Panels

G. Current Monthly Bill- $224 electric bill, projected bill with solar panels $125 For me it is as much about saving money over time as it is to not give a penny more than I have to to the Utility company. Therefore, I believe it's in my best interest, to max out my roof. For instance, the Utility ...
by DiscoBunny1979
Tue Sep 01, 2015 10:33 pm
Forum: Personal Consumer Issues
Topic: Evaluate Proposal on Installation of Solar Panels
Replies: 46
Views: 5010

Re: Evaluate Proposal on Installation of Solar Panels

G. Current Monthly Bill- $224 electric bill, projected bill with solar panels $125 For me it is as much about saving money over time as it is to not give a penny more than I have to to the Utility company. Therefore, I believe it's in my best interest, to max out my roof. For instance, the Utility ...
by DiscoBunny1979
Sun Aug 23, 2015 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to hold cash in Roth IRA?
Replies: 12
Views: 1061

Re: Is it possible to hold cash in Roth IRA?

As others have said, you can put it in the money market. Vanguard unfortunately applies a 3000 minimum even to the money market. Funny, I often have less then $3000 in Prime Money Market and haven't received any warning from Vanguard. Perhaps I opened it with more. I think the minimum is for openin...
by DiscoBunny1979
Sat Aug 22, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Selling house dad to son
Replies: 19
Views: 1840

Re: Selling house dad to son

I'm trying to see if I can buy my dad's house without incurring any taxes and would like some advice. This is two part question . . The first part is whether you want your Dad not to pay taxes on any sale of the house. The cap for individuals is $250K and for a couple $500K federally. But I don't s...
by DiscoBunny1979
Fri Aug 14, 2015 6:45 pm
Forum: Personal Consumer Issues
Topic: Saving a tree when installing a septic drain field
Replies: 5
Views: 523

Re: Saving a tree when installing a septic drain field

When I chopped down my 30 year old olive tree, and when it died, my septic backed up. Not saying that it was proved beyond a reasonable doubt that that's why my septic backed up, but it is ironic. I would not put leach lines or sewage pits near any trees that have long extending root systems that se...
by DiscoBunny1979
Fri Aug 14, 2015 9:17 am
Forum: Personal Consumer Issues
Topic: Sungevity versus SolarCity
Replies: 2
Views: 969

Re: Sungevity versus SolarCity

Buy outright, don't lease anything and don't buy from Solar City. You're welcome. Thanks for your response. However, I need to have more feedback as to why you believe leasing is not a better option than buying. Of course there is the lower over cost. For instance if Leasing Company "A" p...
by DiscoBunny1979
Thu Aug 13, 2015 12:38 am
Forum: Personal Consumer Issues
Topic: Sungevity versus SolarCity
Replies: 2
Views: 969

Sungevity versus SolarCity

I'm investigating Solar Options. I've decided not to buy outright for a number of reasons. So, this thread I'd like to address just if there is anyone on this board that has gone through the investigation process and how they have felt about dealing with either Sungevity (associated with Lowes) or S...
by DiscoBunny1979
Fri Jul 31, 2015 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance - Buy House then Reverse Mortgage?
Replies: 13
Views: 1410

Re: Inheritance - Buy House then Reverse Mortgage?

Another thing to consider is that in many states an Inherited Asset belongs to the person that inherits the asset - even when we're talking about married couples. Therefore, the OP should consider that the transfer of an "Inherited Asset" to one that might be considered "community pro...
by DiscoBunny1979
Thu Jul 30, 2015 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Buyer In CA
Replies: 11
Views: 1291

Re: First Time Buyer In CA

This might be a program where-as it is Lender-paid mortgage insurance versus Borrower-paid mortgage insurance. With Lender-paid, the cost of PMI is included in the interest rate. Unlike, Borrower-paid that the PMI can be cancelled once loan to value is under 80%, Lender paid cannot be cancelled beca...
by DiscoBunny1979
Thu Jul 30, 2015 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Appraisal Higher than Accepted Offer Price
Replies: 21
Views: 3477

Re: Appraisal Higher than Accepted Offer Price

IF the appraisal is based on both land and house, what percentage of the appraisal value is for land? My parent's house in San Jose is over the 1 million mark, but it would only take about $300,000 to put the same house on the lot. Make sure insurance documents reflect the actual rebuilding costs.
by DiscoBunny1979
Thu Jul 30, 2015 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 67
Views: 7692

Re: Keep paying the mortgage??

In my state it's not illegal for an agent to act as both selling and buying agent, however, it is definitely a conflict of interest because on one hand a selling agent just wants to sell the house and will skirt any questions regarding quality, mold, etc as they are not experts in those fields; and ...
by DiscoBunny1979
Sun Jul 26, 2015 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is selling our home the right decision?
Replies: 3
Views: 921

Re: Is selling our home the right decision?

While many folks buy and sell based upon emotion, it's important to make the decision as objective as possible like a Business decision, rather than a personal one. In my view, if one were to buy a house, one should not be relying on rental income to support the payment or partial payment. This is o...
by DiscoBunny1979
Tue Jun 30, 2015 1:46 pm
Forum: Personal Consumer Issues
Topic: Will removing a wood burning stove reduce my home value?
Replies: 16
Views: 2918

Re: Will removing a wood burning stove reduce my home value?

I'm not a realtor, but in my opinion this would be a location driven question. For instance where I live there are mostly wood burning fireplaces that have been converted to gas fireplaces. My particular fireplace is wood burning, floor to ceiling brick, but has a gas line built in that can be conve...
by DiscoBunny1979
Thu Jun 25, 2015 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Best Advice [Best single piece of advice to give a new investor]
Replies: 56
Views: 5817

Re: Best Advice [Best single piece of advice to give a new investor]

Invest in taking care of yourself first by eating right, getting adequate sleep, working out - because without physical health you won't be able to enjoy your "retirement". Then. . . 1)Automatically invest in your investment plan on a regular basis by having the contributions deducted from...
by DiscoBunny1979
Wed Jun 24, 2015 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: tap IRA to pay off CC debt?
Replies: 31
Views: 3907

Re: tap IRA to pay off CC debt?

I've found the Chase Slate Card and the American Express Everyday Card to be good choices for 0% for a year + (although they have 2% or 3% transfer fees depending upon the offer).
by DiscoBunny1979
Tue Jun 23, 2015 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Ask me anything - Mortgages
Replies: 33
Views: 5183

Re: Ask me anything - Mortgages

What type of loans exist for putting down 5 % and getting a 15% + 80% loan ? <--- poor wording, just clueless on loans I assume pay off the 15% loan and then PMI would go away ?? Excuse my ignorance , I'm trying to put 5% down and pay no PMI or as little PMI as possible. Options ? TIA You can typic...
by DiscoBunny1979
Fri Jun 12, 2015 2:34 pm
Forum: Personal Consumer Issues
Topic: Which is a best place to start learning yoga?
Replies: 31
Views: 3770

Re: Which is a best place to start learning yoga?

I disagree that a class or teacher is better than a DVD. For my own purposes, I didn't want to spend the extra time to drive to a gym just to suit up for some Yoga class. I wanted the privacy of my own home, where I can wear as little as I want ... and the special reason . . . Yoga has a tendency in...
by DiscoBunny1979
Sat May 30, 2015 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market in SoCal
Replies: 55
Views: 6910

Re: Housing Market in SoCal

One of the benefits of CA is prop 13 which locks in your property tax rate for life, folks that bought in the 1960-70-80s hit the jackpot because they're paying property tax as if their house if valued at 100-200k when they could sell it on the market for 600-800k. That's part of the problem with C...

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