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by denovo
Thu Jun 22, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4157

Re: Did I just get seriously ripped off?? (Car lease)

There are multiple forum sponsored dealers. Of course they have an incentive to provide an information advantage to consumers - they want more business and they have to compete with the other forum-sponsor dealers! They are known for providing very good deals to forum members, usually $1000 over in...
by denovo
Thu Jun 22, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Sending money and confirming receipt?
Replies: 14
Views: 653

Re: Sending money and confirming receipt?

Chase Quickpay will give a confirmation that the recipient has accepted the funds. It's a free service however limits are $2,000 per day, $8,000 per week and $16,000 per month. This is what I was thinking about it. Note, only one person in the transaction has to have Chase to use Quick Pay. Many ba...
by denovo
Thu Jun 22, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4157

Re: Did I just get seriously ripped off?? (Car lease)

You don't have to ask a dealer anything....just read the threads and gain knowledge about how BMW leases work and what's a good deal. If someone wants to NOT get a crappy lease deal and they are intent on leasing, that forum can provide plenty of valuable info. Not everyone wants to buy a car and d...
by denovo
Thu Jun 22, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 239
Views: 14938

Re: Siblings in disagreement over mom's house.

WRT 1: did you mean to say "keepers" pay... ? Also, I don't believe they can even agree to shoulder all liability. I think all owners on the deed are stuck with liability unless there is a sale or shares are gifted. No, no one is going to buy a share of a home like this, the "sellers...
by denovo
Thu Jun 22, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 239
Views: 14938

Re: Siblings in disagreement over mom's house.

Update: 1. The house will be getting insurance at the latest by tomorrow. I am awaiting insurance company to contact me for payment. Btw keepers did not comment about getting insurance for the house. Forgive my bluntness, but there's only two end-games. I obviously think you should go for the latte...
by denovo
Thu Jun 22, 2017 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4157

Re: Did I just get seriously ripped off?? (Car lease)

For the OP, you can learn a lot about BMW leasing and what a good deal is here on the Bimmerfest "Ask a Dealer" forum - http://www.bimmerfest.com/forums/forumdisplay.php?f=20 Asking a dealer seems like the worst thing to do. That sticky thread's first comment reads like a warmed-over sale...
by denovo
Thu Jun 22, 2017 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Did I just get seriously ripped off?? (Car lease)
Replies: 54
Views: 4157

Re: Did I just get seriously ripped off?? (Car lease)

Yes, you're best off canceling the deal and starting from scratch if you haven't taken delivery. Going on a whim to a car dealer and trying to negotiate is a horrible idea.
by denovo
Tue Jun 20, 2017 1:23 am
Forum: Personal Consumer Issues
Topic: California Vacation - Bay Area, So Cal, or Both (with coastal drive)?
Replies: 20
Views: 1215

Re: California Vacation - Bay Area, So Cal, or Both (with coastal drive)?

Answers in bold. 3) Are there little stopoffs along the way where you can have lunch or dinner then get down to a beach? Pretty much along all coastal CA between SD and SF> 4) If we do LA, and we're not interested in theme parks, what would be the key sites for a short visit? I'd like to do the La B...
by denovo
Mon Jun 19, 2017 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating a House Using Seller's Agent (opinions wanted)
Replies: 75
Views: 2704

Re: Negotiating a House Using Seller's Agent (opinions wanted)

Not in your original response, you said that the 'sellar has a price' and that 'is the market price'. Indeed I did and I stand corrected. I stand by my original reasoning, though, even if I failed to properly convey it. Without additional knowledge of the property or area, the seller's "ballpa...
by denovo
Mon Jun 19, 2017 1:30 am
Forum: Personal Consumer Issues
Topic: NYC coop
Replies: 12
Views: 1154

Re: NYC coop

runner3081 wrote:
I am a little shocked to see that the board can approve/deny buyers. Seems like it opens up the door for discrimination and fair housing laws.



Common in co-ops, and you see a lot of those in NYC
by denovo
Sun Jun 18, 2017 5:20 am
Forum: Personal Consumer Issues
Topic: BMW X5 2017 - Seeking advice
Replies: 40
Views: 2995

Re: BMW X5 2017 - Seeking advice

BMW X5 owners (current or past): - - If you bought new from a dealer, how close were you able to get to "cost to dealership" : i.e (0.93 * MSRP + $500 MACO + $180 Training + $995 Destination/Handling + Taxes) Thanks a bunch! :) Not a BMW owner, although I did have the misfortune of drivin...
by denovo
Sun Jun 18, 2017 3:43 am
Forum: Personal Consumer Issues
Topic: Exterior Home Improvements - Order of Operations?
Replies: 10
Views: 1060

Re: Exterior Home Improvements - Order of Operations?

I'm more keyed in on your statement about the budget though. Separate the "need to do" (deteriorating or unsafe conditions) items from the "would like to do" items. Focus your budget on the "need to do" items first. If all the items are "would like to do" ite...
by denovo
Sat Jun 17, 2017 10:40 pm
Forum: Personal Consumer Issues
Topic: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred
Replies: 17
Views: 1894

Re: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred

I've dug around and am really stumped as to what items I SHOULD have done on each of these. Figuring out what to do is pretty easy. Open up the owner's manual for both cars and read what the owner manual said you should do by 100k miles and do it all. It may hurt your wallet, but will hurt less if ...
by denovo
Fri Jun 16, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 21
Views: 2601

Re: Contractor took deposit but never did any work. What next?

A contractor once told me he needed a check as deposit to pay for the materials up front, mid 4 figures, I told him I would meet him at the supplier and pay for the materials, he said no, he needed the money up front, I said no, I'm not willing to do that. He left. I think I dodged a bullet. Hard t...
by denovo
Fri Jun 16, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4710

Re: Curious to odd estate question

It's an interesting mind game.... I think this is much more difficult to do than most responses in this thread assume. I think the estate planners he talked to quickly realized this would not be easy. They indicated they did not know a way it could be done. Leave it to the Bogleheads to point to a ...
by denovo
Thu Jun 15, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4710

Re: Curious to odd estate question

I would not facilitate this or assist in this, OP.
by denovo
Thu Jun 15, 2017 3:13 am
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 79
Views: 4720

Re: Do You Take Your Credit Card Receipts?

Only for places with tipping. Found errors on those receipts all the time. I've found an interesting way to deal with that. I tip using an algorithm, so if I scan the credit card bill I can figure out if there is any mickey mouse. So if I decide my total bill will be around 23 dollars. I add 2+3= a...
by denovo
Thu Jun 15, 2017 3:06 am
Forum: Personal Consumer Issues
Topic: Repair or replace dryer?
Replies: 19
Views: 1099

Re: Repair or replace dryer?

Appreciate all the replies. I think I will pay one more time for the repair guy to fix it, but this time I will take notes and watch how he does it, so I can do it myself next time. Maybe even buy a spare pulley now, in case it is not available in the future. You have a dud/lemon. Don't waste your ...
by denovo
Thu Jun 15, 2017 2:57 am
Forum: Personal Consumer Issues
Topic: Contractor took deposit but never did any work. What next?
Replies: 21
Views: 2601

Re: Contractor took deposit but never did any work. What next?

I'd get a lawyer and take his advice and ignore the rest of what is posted in this thread. You might be surprised what a letter from a lawyer may get you. Lawyers do cost money. Presuming OP hired a licensed contractor, I would consider what Savings suggested and file a claim against his bond, if a...
by denovo
Wed Jun 14, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: The Average Mortgage?
Replies: 15
Views: 1110

Re: The Average Mortgage?

avalpert wrote:
humbucker87 wrote: Is there any good reason to do this I might be missing?

Cheap, non-recourse leverage


Varies by state.
by denovo
Wed Jun 14, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dealership rejecting rebate after contract signed
Replies: 115
Views: 13536

Re: Dealership rejecting rebate after contract signed

Hello bh world Sorry for the delay in updating. After attempting a couple of more times to talk with the sales guy to understand my options, I was annoyed by his flippant responses, and when he ended a conversation with "I will see how my gm wants to discuss other avenues of getting the car ba...
by denovo
Tue Jun 13, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11770

Re: Who takes financial chances and why is this forum so financially conservative?

I just wanted to say for those of you who don't know, there's a subreddit called FIRE which stands for Financially Independent, Retire Early, which is essentially the younger version of bogleheads. By definition, most are not yet retired. If you're looking for advice (and implicit higher risk toler...
by denovo
Mon Jun 12, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Renting Stuff [Renting out a boat dock]
Replies: 7
Views: 662

Re: Renting Stuff

btenny wrote:Am I doing this wrong? This drama is why I did not rent the space to start with and now I am in it. Any suggestions?


1. Don't mix friends and business. Tell him you decided to go in another direction.
by denovo
Mon Jun 12, 2017 1:32 am
Forum: Personal Consumer Issues
Topic: Resorts outside San Francisco
Replies: 20
Views: 1681

Re: Resorts outside San Francisco

Tenaya Lodge, south of Yosemite. I just spent a few days there. Chaminade Resort and Spa in Santa Cruz ... I spent a weekend there for a wedding I could go on and on, but what's wrong with The Four Seasons in San Francisco? Ill take a look at those. We will spend 2-3 nights of our trip in San Franc...
by denovo
Sat Jun 10, 2017 3:48 pm
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 2718

Re: Overpaid Big Time On Warranty

There is something wrong on what they are quoting you. $350 per month times 59 months = $20,650 (this should be the amount you financed) Your old deal including the warranty was $288 per mont times 72 months =$20,736 which means you only paid $86 for the extended warranty. Something is not right. +1
by denovo
Sat Jun 10, 2017 1:58 pm
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 2718

Re: Overpaid Big Time On Warranty

"Zero percent" financing deals are called Subvented Loans , meaning the dealer is getting an incentive. The downside is that you have no room for negotiation. So, canceling the warranty is somehow taking the zero-percent loan off the table. To keep the purchase, he's giving you a differen...
by denovo
Sat Jun 10, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: Overpaid Big Time On Warranty
Replies: 55
Views: 2718

Re: Overpaid Big Time On Warranty

I'm looking to go to the dealership to cancel the extended warranty in the next hour. Any tips or resistance I should expect to encounter? Just say no. I'd probably check your contract again to see if you paid for other frivolous stuff like lo jack and undercoating, and stop taking their sales pitc...
by denovo
Thu Jun 08, 2017 6:24 pm
Forum: Personal Consumer Issues
Topic: New Construction Buying Advice
Replies: 24
Views: 1579

Re: New Construction Buying Advice

Consider waiting until the development is half built Ralph I would like to echo this advice, but for a different reason than Ralph. If a recession hits real estate and the developer gets in financial problems, they may abandon the project and you'll be stuck with a home in the middle of half-built ...
by denovo
Wed Jun 07, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Quandary
Replies: 46
Views: 6544

Re: Inheritance Quandary

A good way to end up hating your relatives is to mix family and business (and co-owning real estate) is a business. I say this from experience. Take your fair share in something divisible and liquid like the stocks.
by denovo
Wed Jun 07, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: 7 yr ARM vs 30 Yr for new construction Condo
Replies: 22
Views: 1410

Re: 7 yr ARM vs 30 Yr for new construction Condo

Are you indicating that you suggest a 30 year? What do you mean by the last sentence, specifically getting a mortgage on their new place at the same rates.. Most definitely, on the 30 yr, this will be the cheapest long-term debt you'll see in your life. The ARM can bury you with rate increases. Re ...
by denovo
Wed Jun 07, 2017 3:16 pm
Forum: Personal Consumer Issues
Topic: Earthquake insurance in SOCAL
Replies: 28
Views: 1459

Re: Earthquake insurance in SOCAL

You have to purchase insurance on the entire value of the home, but if 80-90 percent of the equity is owned by the bank, I don't see the point. But when I rebuild, I want to rebuild 100% of my house. And I want the new house to meet the building codes in effect at that time. My equity is irrelevant...
by denovo
Wed Jun 07, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: 7 yr ARM vs 30 Yr for new construction Condo
Replies: 22
Views: 1410

Re: 7 yr ARM vs 30 Yr for new construction Condo

Why not lock up a mortgage for 30 years with that "low" rate. Why gamble on what the rates may be in 7 or 10 years ? I'm 70 years old and I have seen mortgage rates between 10-12 %. So my perspective is the rates are now "low". The Joker The biggest reason not to lock in a 30 ye...
by denovo
Wed Jun 07, 2017 2:55 pm
Forum: Personal Consumer Issues
Topic: Earthquake insurance in SOCAL
Replies: 28
Views: 1459

Re: Earthquake insurance in SOCAL

I recently moved to Southern California and will be moving to Rancho Cucamonga at the end of the month. I need to purchase insurance for my new home. The earthquake insurance is VERY expensive. What are the SOCAL bogleheads thoughts on buying earthquake insurance for this area? What is your equity ...
by denovo
Wed Jun 07, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: Earthquake insurance in SOCAL
Replies: 28
Views: 1459

Re: Earthquake insurance in SOCAL

I'll take the opposing view. Regardless of your equity, you're still on the hook for your mortgage payments regardless of whether your house is habitable or not. True, but California is a non-recourse state. See here for more details, http://chentranlaw.com/2013/04/california-mortgages-recourse-vs-...
by denovo
Mon Jun 05, 2017 9:43 pm
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 94
Views: 5586

Re: Pimp my DW's ride.

Tandersonsrt8, I tried to talk her into an X P100DL, but no dice. For better or worse, the Range Rover seems to check most of the boxes with her. I think since she's bought a couple in a row, its what she's set on and looks like the obvious answer. I would say for safety, Subaru's Sensing (Safety) ...
by denovo
Mon Jun 05, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 94
Views: 5586

Re: Pimp my DW's ride.

If she likes acceleration why isn't a sports car in the running, especially if kids are out the house? Also has to be good in the snow. Er, nevermind then.Ha. But a lot of people on different sports car forums have reported it's not difficult to operate sports cars in the snow as long as you use th...
by denovo
Mon Jun 05, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab to TD Ameritrade
Replies: 20
Views: 1065

Re: Schwab to TD Ameritrade

I love TD Ameritrade. They have the following list of commision-free ETF's which work out fine for making an indexed boglehead portfolio and doing tax-loss harvesting if you need it. https://research.tdameritrade.com/grid/public/etfs/commissionfree/commissionfree.asp They're usually prompt about res...
by denovo
Mon Jun 05, 2017 7:01 pm
Forum: Personal Consumer Issues
Topic: Pimp my DW's ride.
Replies: 94
Views: 5586

Re: Pimp my DW's ride.

If she likes acceleration why isn't a sports car in the running, especially if kids are out the house?
by denovo
Mon Jun 05, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Problem contractors and credit
Replies: 5
Views: 386

Re: Problem contractors and credit

I can tell you how things work in the professional contracting world, which is how I would approach it. Say you guys agreed to the price of $470 to do the work. You pay a replacement contractor $150 to fix what was in the agreed-upon scope that the first contractor failed to do. You pay the balance ...
by denovo
Mon Jun 05, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Problem contractors and credit
Replies: 5
Views: 386

Re: Problem contractors and credit

Was there a signed contract?
by denovo
Mon Jun 05, 2017 2:03 am
Forum: Personal Finance (Not Investing)
Topic: Achieving Balance: Targeting Top of 15%
Replies: 13
Views: 1617

Re: Achieving Balance: Targeting Top of 15%

To boil it down to personal/actionable questions: 1. Is 20% of gross really "enough" for pensioned 30 year olds, such that they may stop "living like a resident"? In searching, I find the answer to the first question is, "Nobody knows," and to the second/third is eithe...
by denovo
Mon Jun 05, 2017 1:43 am
Forum: Personal Consumer Issues
Topic: Has anyone purchased a car from Carvana.com?
Replies: 24
Views: 8472

Re: Has anyone purchased a car from Carvana.com?

Has anyone used this website to buy a used car? I heard about it on Clark Howard a few months back and now that I'm in the market for a used car have looked around the site. The prices on a 1-2 year-old used SUV/crossover ($25k-$30k range) are averaging about $1000-1500 cheaper than CarMax. Also ea...
by denovo
Mon Jun 05, 2017 1:39 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones
Replies: 22
Views: 2148

Re: Edward Jones

I have been advised to go with Edward Jones to take care of all my financial needs as I prepare to retire. I am 65. My net worth is $173,000. Is this a wise move? Check out all these threads on Edward Jones on Bogleheads. It is a very bad idea. https://www.google.com/search?sitesearch=bogleheads.or...
by denovo
Sun Jun 04, 2017 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 17
Views: 1854

Re: Do I need umbrella insurance?

Teenagers who drive are rolling lawsuit traps. Definitely have umbrella coverage until they are out on their own. I think OP and others should have umbrella insurance regardless of teen drivers. Adults make mistakes when driving too. But OP should be weary of some of the numbers mentioned here like...
by denovo
Fri Jun 02, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Favorite Biographies and Memoirs
Replies: 33
Views: 1722

Re: Favorite Biographies and Memoirs

Yeah, pretty much anything by David McCullough or Walter Isaacson is going to be a good 'un. Like Isaacson a lot, less so McCullough. I find that he and Meacham tend to lionize their subjects and do not objectively discuss their strengths and flaws. On the top of my list would be Robert Caro's biog...
by denovo
Thu Jun 01, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Used 2013 Audi A5 or New Honda Accord Sport
Replies: 71
Views: 5174

Re: Use 2013 Audi A5 or New Honda Accord Sport

Ownership cost Accord could be lower in the long run. But German car handling experience is also very attractive. Tough decision. No, the ownership cost of the Accord will be lower in the long run, like 99.99 percent probability. OP, here's what you should consider. Look at the depreciation for Ger...
by denovo
Thu Jun 01, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Waiting Period for 457 rollover/distribution?
Replies: 6
Views: 353

Re: Waiting Period for 457 rollover/distribution?

Mudpuppy wrote:Is it a government 457(b) plan or a non-government 457 plan? Distribution rules vary greatly depending on which type of plan it is.



Gov't, I just updated the post to clarify.
by denovo
Thu Jun 01, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Waiting Period for 457 rollover/distribution?
Replies: 6
Views: 353

Waiting Period for 457 rollover/distribution?

A relative who will be soon retiring sent a message to their 457 provider about instructions for rolling over their 457 plan to an IRA and rec'd this message which surprised me. Relative is a gov't employee. Thank you for contacting xxxxxx. Once your employment has ended, you may request a distribut...

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