Search found 193 matches

by Frisco Kid
Fri Apr 28, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: If you pay a high AMT, would you take out $1M mortgage?
Replies: 45
Views: 3459

Re: If you pay a high AMT, would you take out $1M mortgage?

I see OP posted she and hubby are on opposite ends of the spectrum regarding how to handle their finances on this transaction. That to me is a huge RED FLAG especially with 4 kids. Just my two cents. I would not move forward until they are in agreement on how to best handle this. Too much potential ...
by Frisco Kid
Fri Apr 28, 2017 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this home?
Replies: 24
Views: 1915

Re: Can we afford this home?

Detailed budget numbers would give us a lot more information to base our advice on. Future daycare costs PLUS medical insurance premiums (OP did not mention cost) alone will put a very large dent in your monthly income. You are both young and have time on your side, proceed cautiously.
by Frisco Kid
Thu Apr 27, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: When does it make sense to stop paying to repair your old vehicle?
Replies: 56
Views: 3566

Re: When does it make sense to stop paying to repair your old vehicle?

I look at this question a bit differently in the case of a non primary vehicle. The truck is worth more to you in usage than it is in $. I would fix it and continue driving it as the transactional costs of acquiring another vehicle MAY exceed the price of repairs?
by Frisco Kid
Wed Apr 26, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Los Angeles house buying
Replies: 32
Views: 2928

Re: Los Angeles house buying

VHCOL areas have ALWAYS presented affordability challenges. Our first home purchased in 1983 was at 3.6 times earnings. Our second home purchased in 1992 was at 4.2 times earnings. Equity from house #1 made the payments realistic. We are still in home two today and purchasing it would represent 6 ti...
by Frisco Kid
Tue Apr 25, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Would You Buy This Home? Please Tell Me Why Not?
Replies: 22
Views: 3207

Re: Would You Buy This Home? Please Tell Me Why Not?

OP,this home was used as a sales office for 10 years? This is a very unusual situation for sure, a couple of questions. What discount from new is the builder offering and how long would it take to complete? Is builder including a new home warranty?
by Frisco Kid
Fri Apr 21, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1526

Re: CA State Tax Refund ~ 3 Month Processing Time

Snail mailed mine on 2/2, website message says they received 3/1. That is a month right there, it certainly only took a few days in the mail. Spoke to an agent a week ago who told me it is now in the final stages of processing and gave me a 24 hour recorded number to call to follow up of 1 800 338 0...
by Frisco Kid
Thu Apr 20, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Selling classic car via consignment
Replies: 10
Views: 899

Re: Selling classic car via consignment

It all depends on what level of involvement in selling this car you are willing to make. If you are hands on I suggest you handle yourself. If you are looking for a "convenience" sale go for the consignment arrangement. Many times these consignment dealers have walk in showrooms where the ...
by Frisco Kid
Thu Apr 20, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to purchase this new house?
Replies: 13
Views: 1300

Re: Can we afford to purchase this new house?

OP, what does "relatively large" mean and is this home both fenced and landscaped? It appears you can afford it given your current financials. My questions to you would be how are you going to pay to furnish/decorate it and when children come how will that effect your income? We bought new...
by Frisco Kid
Wed Apr 19, 2017 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Money - 50K - Her Advisor vs My DIY - Help
Replies: 67
Views: 5599

Re: Wife's Money - 50K - Her Advisor vs My DIY - Help

Quickly visited Op's wifes advisors website for an Insurance and Financial Services firm. Yes, they are salesman and will cost you $ in fees regardless of what investments they make for you. I would explain that to your wife, if she is more comfortable with this $ being professionally managed than t...
by Frisco Kid
Tue Apr 18, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 60
Views: 5267

Re: Is my electric bill high?

in our part of the Bay Area rates are tiered. Last month used 337 kWh @ 20 cents (Tier 1) plus an additional 305 kWh @ 28 cents (Tier 2). Total bill $152 for electric only, we have gas for stove, hot water and heat with no AC. House is 1400 square feet with partial insulation. Earlier in the year ad...
by Frisco Kid
Sun Apr 16, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is spending 15K to furnish home too much?
Replies: 39
Views: 4483

Re: Is spending 15K to furnish home too much?

+1 for Gill's comments as I look around the room I am sitting in right now.....................
by Frisco Kid
Sat Apr 15, 2017 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Capital Gains on Real Estate Sale
Replies: 6
Views: 761

Capital Gains on Real Estate Sale

Trying to get an estimate on approximately what our taxes would be in the following scenario. Capital gain amount AFTER exclusion for wife and I would be $500K plus $80K taxable income. Can any of the experts within our BH community tell me our tax liability both federal and State (Ca.) Thanks in ad...
by Frisco Kid
Fri Apr 14, 2017 6:39 am
Forum: Personal Consumer Issues
Topic: ROI for Boat Repair Project
Replies: 11
Views: 869

Re: ROI for Boat Repair Project

Would only do something like this as equity partners where a fair split of profit occurs at point of sale. Can't tell from your post if H will have any $ in the project? For me personally would need to know the quality of work H can do, cost & timeline for completion of project, the market for t...
by Frisco Kid
Thu Apr 13, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12234

Re: You can never go "home" - retirement

Back in 92 bought from my parents the house I lived in while starting high school 24 years earlier. Fast forward to today and 25 years later we are still there.
by Frisco Kid
Thu Apr 06, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Calif Tax Refund Length of Time to Receive
Replies: 19
Views: 1039

Calif Tax Refund Length of Time to Receive

Those of you that filed your California state tax return by mail and had a refund due, how long did it take you to receive? I mailed mine on 2/2 certified, return receipt came back almost a month later. State website says they received 3/1 and that they are taking longer than normal to process my re...
by Frisco Kid
Wed Apr 05, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: Keurig Coffee Makers
Replies: 57
Views: 5584

Re: Keurig Coffee Makers

Ditched the Keurig for a Mochamaster drip coffee maker http://www.technivorm.com The Keurigs broke pretty much yearly plus we went to the little filters to use our own coffee which became a hassle to clean as we would typically have four cups between us each morning. Mochamaster makes better coffee ...
by Frisco Kid
Wed Apr 05, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: replace or keep car with 60k miles?
Replies: 39
Views: 3039

Re: replace or keep car with 60k miles?

Transaction costs alone will cover future maintenance/repairs for awhile. Current Volvo as others have said is a sunk cost, I would continue to drive it being happy with a paid off car with only 60k miles. Consider the fact too that the Volvo is a much safer car....................
by Frisco Kid
Tue Apr 04, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Advice needed Gifting a car to a daughter who is moving out of state
Replies: 12
Views: 645

Re: Advice needed Gifting a car to a daughter who is moving out of state

Everything she will need to know on the California side is available here www.dmv.ca.gov/portal/dmv

Cali has some of the highest costs in the country so she could save some $ by planning accordingly.
by Frisco Kid
Tue Apr 04, 2017 9:25 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 319
Views: 17532

Re: Your USER NAME...what does it mean?

San Francisco born and raised..................
by Frisco Kid
Mon Apr 03, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 51
Views: 3435

Re: Do I need new tires?

OP Ron, your low mileage and the fact that your car is garaged and out of sunlight kept your tires from getting brittle and/or crack. This of course is the exception rather than the rule. Recently went through the same situation with my 96 Corvette.
by Frisco Kid
Mon Apr 03, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: OK to Buy New House?
Replies: 9
Views: 978

Re: OK to Buy New House?

The difficult choice here is really about when you want the benefits, now or later.. By that I mean at year 11 on your new loan, your existing loan will be paid off and you will be early 40's. That is not something many people can achieve. If you really like the new house and are OK with extending y...
by Frisco Kid
Sat Apr 01, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Saving 50% of salary; what does it really mean?
Replies: 142
Views: 10548

Re: Saving 50% of salary; what does it really mean?

One must consider the many variables in salary, expenses, where you live, taxes,etc. Unless I can compare my savings rate with someone whose situation is similar these numbers IMHO have no meaning. Not everyone for example can even maximize their 401k's due to cost of living and many times these peo...
by Frisco Kid
Wed Mar 29, 2017 7:21 am
Forum: Personal Consumer Issues
Topic: Get a 0% loan just to keep credit score high?
Replies: 31
Views: 1831

Re: Get a 0% loan just to keep credit score high?

Your current credit score is well above what is needed to qualify for the best rates if needed, I wouldn't borrow as an attempt to improve your score as it really can't rise by much anyway. If you are planning to buy an item and 0% financing is offered as others have mentioned I would also take thei...
by Frisco Kid
Tue Mar 28, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: What's your personal criteria for deciding whether or not to rent a car?
Replies: 102
Views: 4220

Re: What's your personal criteria for deciding whether or not to rent a car?

Our daily driver Toyota 4 Runner goes about 10k miles yearly. We rent when traveling 2000 miles to visit family in Oregon. In our case the rental car saves on gas as well. If location of airport was closer we would just fly, however rental cars in Oregon due to no sales tax are quite expensive.
by Frisco Kid
Sat Mar 25, 2017 7:06 am
Forum: Personal Consumer Issues
Topic: My TrueCar buying experience
Replies: 23
Views: 4137

Re: My TrueCar buying experience

IMHO today many people choose to disengage from the negotiation process and do everything online. I remain old school with purchasing new vehicles. I do use the internet to gain pricing/availability information. I then go to the local dealer and negotiate the best deal I can. My goal is walking away...
by Frisco Kid
Fri Mar 24, 2017 6:22 pm
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 47
Views: 3151

Re: Honda Transmission Service

Hanksmoney, I assume you do something to prevent the car from starting?
by Frisco Kid
Fri Mar 24, 2017 6:19 pm
Forum: Personal Consumer Issues
Topic: Honda Transmission Service
Replies: 47
Views: 3151

Re: Honda Transmission Service

Your car is 14 years old and has a fair amount of miles although certainly not excessive mileage. +1 for drain and fill, the last four years you averaged 6500 miles a year. Check it frequently maintaining the level and checking both color and smell. As soon as it goes brown and/or smells change it, ...
by Frisco Kid
Fri Mar 24, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Buy a house or wait in bay area
Replies: 34
Views: 2983

Re: Buy a house or wait in bay area

May I ask what city you work in and where are you looking to buy?
by Frisco Kid
Fri Mar 24, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 54
Views: 3893

Re: The Sweet Spot for Yearly Car Costs

Wherever the number falls. You negotiate the best deal possible on the car you chose and purchase in your manner of choice. Many in the know will suggest to never buy a payment as there are all sorts of ways costs can be hidden.
by Frisco Kid
Fri Mar 24, 2017 1:43 pm
Forum: Personal Consumer Issues
Topic: Car Dealer Forgot to Charge Sales Tax - Ouch
Replies: 39
Views: 3892

Re: Car Dealer Forgot to Charge Sales Tax - Ouch

In a state where sales tax is due, I don't understand how the dealerships financial software would allow a bill of sale to be created without adding sales tax. Something is odd here...............
by Frisco Kid
Fri Mar 24, 2017 7:51 am
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 8317

Re: The $1,124,176 Car.

The variation in replies to this thread illustrate the wisdom in the lyrics of a popular song by Sly & The Family Stone that said "Different strokes for different folks" Pick your poison, castles, cars, travel...... other things too. The takeaway is that EVERYTHING has an opportunity c...
by Frisco Kid
Wed Mar 22, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5517

Re: Vehicles as a percentage of net worth

Hey folks, not sayin cars are an asset, was just passing along a rule of thumb I read written by others.
by Frisco Kid
Wed Mar 22, 2017 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Vehicles as a percentage of net worth
Replies: 102
Views: 5517

Re: Vehicles as a percentage of net worth

Have read 20% of net income suggested as a maximum on ALL costs for ALL cars owned. I suspect many BH's would find that way out of line. I just calculated and for us is just under 13% in our four car (two hobby) single income household with just under a third of that amount going to insurance.
by Frisco Kid
Wed Mar 22, 2017 3:36 pm
Forum: Personal Consumer Issues
Topic: Where's the sweet spot in the cost/benefit curve for floor speakers?
Replies: 40
Views: 2752

Re: Where's the sweet spot in the cost/benefit curve for floor speakers?

It depends too on the remainder of your system and how SERIOUSLY you listen to music. If you play at very low volume, listen from a different room and you buy speakers without considering your other components and how they "blend" in you might not hear any differences between price points....
by Frisco Kid
Wed Mar 22, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: What building year I should seek when shopping for a house?
Replies: 33
Views: 2520

Re: What building year I should seek when shopping for a house?

What is available will typically be determined by location and real estate is all about location, location, location. For example in the case of an older well established area homes may have been built in the 20's, 30's and 40's. New construction would need to be a serious remodel or a tear down bot...
by Frisco Kid
Tue Mar 21, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 4721

Re: Advice: Overextending by buying? How much house to buy?

Any South Bay/Peninsula regular hour commute is a nightmare. Check 511 traffic online and see for yourself. Given your income I don't think the $2m home is unaffordable, just don't go beyond. Another thing about this area is that rentals are also VERY expensive, perhaps $5k+ monthly for what you are...
by Frisco Kid
Tue Mar 21, 2017 6:11 pm
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 51
Views: 3435

Re: Do I need new tires?

+1 for replacing as soon as possible as your tires are totally unsafe as others have outlined.
by Frisco Kid
Tue Mar 21, 2017 10:58 am
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 105
Views: 14300

Re: What % of your income have you converted to wealth?

I see the original poster included home equity in their calculations.While this exercise might be interesting to some, how does one compare their number to others given the radical REGIONAL variations in home values, ages and incomes?
by Frisco Kid
Mon Mar 20, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 4991

Re: Any downside in buying a brand new house ?

One thing to remember is that building codes are "minimum" standards. Many times it is beneficial to build to a higher level but not cost effective, for example upgrading to a higher capacity electrical panel, additional electrical outlets, better insulation,etc.
by Frisco Kid
Mon Mar 20, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 4777

Re: A SUV for towing a Travel Trailer

One could argue only vehicles with full frames are TRULY designed for towing IMHO.....................
by Frisco Kid
Wed Mar 15, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 1526

Re: CA State Tax Refund ~ 3 Month Processing Time

Mailed mine certified with return receipt requested, they received on 2/18, no return yet..............
by Frisco Kid
Wed Mar 15, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: Car engines. Turbo vs no turbo
Replies: 68
Views: 5260

Re: Car engines. Turbo vs no turbo

Atilla, mileage with a turbo is more a result of throttle position than cruising speed as boost is only created under load. Now high speed cruising under load will definitely reduce mileage whether the car has a turbo or not so your mileage would have been reduced as well. Heavy engine load (especia...
by Frisco Kid
Tue Mar 14, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 56
Views: 5503

Re: Issue With Contractor. What to do?

The question will be what path the new ducting needs to take. If the ducts were in the now removed wall, another path will need to be found. Please keep us posted and good luck with your project.
by Frisco Kid
Thu Mar 09, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 4107

Re: Are we ready to buy a house? What should our price range be?

Oops, may have misread the post. Where would you have $35k to $45k remaining after a 20% down payment?
by Frisco Kid
Thu Mar 09, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house? What should our price range be?
Replies: 56
Views: 4107

Re: Are we ready to buy a house? What should our price range be?

Well, you have the suggested 20% down payment with a reasonable emergency fund remaining. Rule of thumb maximum is 2.5 to 3 times gross income so you are ok there. Considering rates are still historically low and you plan to stay in the home awhile, I believe you are perhaps being too conservative. ...
by Frisco Kid
Thu Mar 09, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Car dilemma?
Replies: 25
Views: 1803

Re: Car dilemma?

Tough call, is your Audi absolutely pristine as well as having low mileage? Life happened and you now own the wrong vehicle. From a strictly financial standpoint would lead me to consider selling it before rock chips, etc become a factor. How long of a warranty period remains on your car as that wou...
by Frisco Kid
Thu Mar 09, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: Car engines. Turbo vs no turbo
Replies: 68
Views: 5260

Re: Car engines. Turbo vs no turbo

Interesting thread here. alfaspider made some good points, +1 on those. Think of an engine as an air pump. Turbos and for that matter any power adder(superchargers, nitrous oxide...) allow more air/fuel to go through the motor. It would be a valid argument that a turbo makes an engine think it has l...
by Frisco Kid
Wed Mar 08, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Take out loan on vehicle to invest?
Replies: 53
Views: 2636

Re: Take out loan on vehicle to invest?

Just curious as to how much value your car will retain in the next 6 years? Where i am going with this is if the markets take a future downturn would you possibly be in a position where you would owe more on the car than you could sell it for? Even exotics depreciate quickly when new...........
by Frisco Kid
Tue Mar 07, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: Can a cordless Reciprocating Saw do the job of a small chainsaw?
Replies: 30
Views: 1835

Re: Can a cordless Reciprocating Saw do the job of a small chainsaw?

I saw an 80V electric chainsaw the other day from a company called Green Works you might want to look at. I use a sawzall for a lot of different tasks, don't think it would work well for what you are doing as it has a small thin blade and it works best when the item being cut is held in place.
by Frisco Kid
Mon Mar 06, 2017 2:41 pm
Forum: Personal Consumer Issues
Topic: 2005 Chevy Blazer MPG ?
Replies: 7
Views: 517

Re: 2005 Chevy Blazer MPG ?

Former mechanic here, changing rear gears requires that a certain "pre-load" be set. This requires dial indicators and is best handled by a professional mechanic with experience in this area. Beyond that you would need to be certain that the existing "carrier" will work with the ...

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