Search found 118 matches

by knightrider
Mon Oct 09, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2293

Re: What to do with unused paint?

List in the Free section of Craigslist. +1 . I give away all my junk this way. 90% gets picked up in a day! Here's a template I use for my ads to minimize work: First-come, First-served. Just email me a few specific times you can come. Please also read this information below, otherwise I will ignor...
by knightrider
Thu Oct 05, 2017 1:22 pm
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 3778

Re: How do you value your time?

2080 is a 8 hour workday, 5 days a week, 52 weeks a year but does not subtract for holidays or vacation. I picked 2500 because I googled this topic and found this article that said to use 2500: http://jamesclear.com/value-of-time From the article: Let’s say you spend 10 hours per day either at work...
by knightrider
Thu Oct 05, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: How do you value your time?
Replies: 97
Views: 3778

How do you value your time?

I'm the kind of person who parks a mile away to avoid paying $20 for parking. I recently got married so this behavior is creating a lot of conflict. My spouse believes in "paying for convenience". I need help in how to value my time so I can find some common ground with my spouse. If I take my annua...
by knightrider
Fri Sep 29, 2017 10:53 pm
Forum: Personal Consumer Issues
Topic: What will happen if I refuse to pay a medical bill?
Replies: 125
Views: 7346

Re: What will happen if I refuse to pay a medical bill?

Your situation is a perfect example of how we now need insurance to protect against misunderstood insurance! Insurance has become so complicated that not even the insurers understand what they are insuring!
by knightrider
Thu Sep 28, 2017 9:21 am
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4452

Re: $700 to install a dishwasher seem by a plumber?!

Also find out where is the main water shut off for your condo unit. The main shut off valve is outside the unit. Turning that off will turn off water to other units. I suppose that's why they want anything plumbing related to be done by licensed plumber. Anyways I talked to the condo management off...
by knightrider
Wed Sep 27, 2017 3:10 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4452

Re: $700 to install a dishwasher seem by a plumber?!

celia wrote:
Wed Sep 27, 2017 2:10 pm
Do they require an electrician to install an oven or microwave? If not, it sounds like a condo board member is a plumber and is looking for more business.
They actually do require an electrician if the installer has to put in a new outlet ( if old one was hardwired ).
by knightrider
Wed Sep 27, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4452

Re: $700 to install a dishwasher seem by a plumber?!

If it's a simple installation, likely replacing an existing appliance, I've seen the delivery person install it for free. So it isn't just free delivery, but also installation. Try Home Depot and Lowe's. Or does the $700 also include the price of the dishwasher? $700 is for labor only. Since it inv...
by knightrider
Wed Sep 27, 2017 12:57 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4452

Re: $700 to install a dishwasher seem by a plumber?!

And like someone else said...they dont want the job. They jacked the price up so high that if you agree then they will do the work because there is no way they would pass up that much money for such a simple job that will take 30 minutes. This sound borderline unethical, i.e way overcharging someon...
by knightrider
Wed Sep 27, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4452

Re: $700 to install a dishwasher seem by a plumber?!

bottlecap wrote:
Wed Sep 27, 2017 12:54 pm
How will the condo association know?

I would do the install myself, assuming you are physically able.

JT
Well if some water line breaks during their install, they will know and fine me out the wazoo!

Not interested in doing it myself.
by knightrider
Wed Sep 27, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4452

Re: $700 to install a dishwasher seem by a plumber?!

8foot7 wrote:
Wed Sep 27, 2017 12:52 pm
They don't want the job.
Interesting. In that case why bother even replying to my inquiry? Or is $700 their "minimum"?
by knightrider
Wed Sep 27, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 4452

$700 to install a dishwasher seem by a plumber?!

Our run-of-the mill dishwasher needs replacing and our condo requires the installation be done by a licensed plumber. I sent photos to two different plumbers in Chicago. They both surprisingly quoted me $700! I could not believe why it was so high. In past I have it done for less than $150 by regula...
by knightrider
Wed Sep 27, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: I have an idea I want to bring to market
Replies: 30
Views: 1714

Re: I have an idea I want to bring to market

All these folks saying to patent it watch too much TV :-) . A patent won't stop anyone from copying it. People have this ego-inflating misconception that their idea is worth millions. The reality is that talk is cheap. Making money is all about execution.
by knightrider
Thu Sep 21, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Who has needed to use their umbrella insurance?
Replies: 129
Views: 16622

Re: Who has needed to use their umbrella insurance?

Interesting recap of some actual claims.... http://www.galleninsurance.com/wp-content/uploads/2011/08/10-Actual-Claims-On-a-Personal-Umbrella-Policy.pdf I skimmed through these and I doubt they are real. They seem made up. Most are a case of being in the wrong place in the wrong time. In my opinion...
by knightrider
Wed Sep 20, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 46944

Re: Equifax customer information leak

But a company like Equifax should have multiple levels of security protection and inspection. I suppose so, but what about the many companies that can't afford this level of protection? For example many federal and state websites require entry of a lot of personal information. These sites look rath...
by knightrider
Wed Sep 20, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 46944

Re: Equifax customer information leak

Late to the thread, but here's my 2 cents: The media only focuses on the known data breaches. But what about the unknown ones, i.e where data is stolen but nobody in the company knows? My guess is this happens a lot more often than known ones. In digital theft, the original data is left intact. So n...
by knightrider
Fri Sep 15, 2017 9:46 am
Forum: Personal Consumer Issues
Topic: Should I upgrade an old but functional vanity?
Replies: 23
Views: 1389

Should I upgrade an old but functional vanity?

Should I replace this vanity with something modern? It is perfectly functional, just looks old. The faucet is from Kohler and works beautifully. My philosophy is "if it ain't broke, don't fix it". But then again I realize it might make my place harder to sell. So if I upgrade I get to enjoy somethin...
by knightrider
Fri Sep 15, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: Recommend a DIY home improvement forum?
Replies: 3
Views: 670

Recommend a DIY home improvement forum?

Looking for one friendly to newbies and does not have a bazillion sub-forums! Also one where you can attach images directly to your post.
by knightrider
Wed Sep 06, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5727

Re: Wife believes 7+% returns from stock market are guaranteed

Jags4186 wrote:
Wed Sep 06, 2017 11:11 am
What's the question?
if stock market guarantees 7+% returns then why do banks lend money to people at 4%?
by knightrider
Wed Sep 06, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5727

Wife believes 7+% returns from stock market are guaranteed

My wife and I argue a lot about how to invest our money. I am more conservative while she is riskier. Recently we bought a house with all cash. She thinks we should have got a mortgage and put our money in the stock market. My response is if stock market guarantees 7+% returns then why do banks lend...
by knightrider
Sun Sep 03, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Central vacuum
Replies: 6
Views: 696

Re: Central vacuum

Nightrider, Most people would consider a "Central Vacuum System", a system that was built into the structure when the condo was built. The actual motorized vacuum device is usually located somewhere remote to the living quarters; (ie: attic, basement etc.). Coming from the motorized device will be ...
by knightrider
Sun Sep 03, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Central vacuum
Replies: 6
Views: 696

Re: Central vacuum

Assuming it's in working order, you should maintain it even if you don't plan to use it. I assume that you have the typical wall outlets, and it would be a possible deduction if/when you or your heirs decide to sell the condo. It seems to be in working condition, but it is sitting unplugged in the ...
by knightrider
Sun Sep 03, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Central vacuum
Replies: 6
Views: 696

Central vacuum

We just bought a condo that has a central vacuum sitting in the attic. Should I try and use it or give it away? I am happy with my roomba and cordless vacuums.
by knightrider
Fri Sep 01, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Aerospace Stress Engineer Salary History
Replies: 13
Views: 3108

Re: Aerospace Stress Engineer Salary History

I am a combination of ME and IT ( software development ) Year 1 - 54 k ( with Masters ) Year 17 ( today ) - 120k I've always been an individual contributor. Although my salary has doubled, using the rule of 72, the growth has been only ~4.5%/year . After adjusting for inflation the growth is minimal...
by knightrider
Fri Sep 01, 2017 8:47 pm
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4524

Re: Robert Kiyosaki - rich dad, poor dad

I would recommend it for someone in their 20's who knows very little about personal finance and real estate. It's entertaining and fun to read.
by knightrider
Thu Aug 31, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Is my understanding of Unemployment insurance correct?
Replies: 12
Views: 999

Re: Is my understanding of Unemployment insurance correct?

So your wife's Illinois company was allowing her to work remotely from New York and she resigned anyway? Personally I think that that would eliminate her eligibility. If her old company is willing to cooperate, the magic phrase that the unemployment bureau is looking for from them is "Laid off for ...
by knightrider
Thu Aug 31, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Is my understanding of Unemployment insurance correct?
Replies: 12
Views: 999

Is my understanding of Unemployment insurance correct?

My wife and I worked in Illinois until 6/1. On 6/1 I started a new job in New York. My wife moved to NY with me and continued to work from home. Then she resigned and her last day is tomorrow. Her company tried to find her a suitable position in NY , but was not successful. I believe she is entitled...
by knightrider
Wed Aug 23, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Living Expenses - what's "reasonable"?
Replies: 101
Views: 9027

Re: Living Expenses - what's "reasonable"?

If you like travelling look into "credit card churning".. I've accumulated millions of airline miles for nearly free over the past ten years.
by knightrider
Fri Aug 18, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: NYC real estate question
Replies: 17
Views: 1793

Re: NYC real estate question

Curious what kind of job pays someone in their early 30's 350k/year! As to your question, I disagree with those who say keep your money in stock market. Stock market is not guaranteed return. If it were, everyone would be putting money in it .. Diversify is key, and home ownership is a good way of d...
by knightrider
Mon Aug 14, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: When to report 1031 exchange?
Replies: 11
Views: 661

Re: When to report 1031 exchange?

If I understand correctly, I can use the money towards my new home purchase. What about all the depreciation I took on the old house while it was a rental? Do I just pay capital gains on that somehow?
by knightrider
Mon Aug 14, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: When to report 1031 exchange?
Replies: 11
Views: 661

Re: When to report 1031 exchange?

where you depreciating your house? if you had not tax wise structured it as arental and had bought as primary i would claim personal exemption and move on especially if the new house is mostly primary residence. oh i forgot--is the new house rental? a 1031 must be used for "like" property. if selli...
by knightrider
Mon Aug 14, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: When to report 1031 exchange?
Replies: 11
Views: 661

Re: When to report 1031 exchange?

pshonore wrote:
Mon Aug 14, 2017 7:58 am
Is this a rental property? If it was strictly used as your personal residence, its not a 1031 exchange.
Forgot to include that detail. Yes it was part rental ( rented rooms out ) and part lived in exclusively ( for last two years ).
by knightrider
Mon Aug 14, 2017 7:44 am
Forum: Personal Finance (Not Investing)
Topic: When to report 1031 exchange?
Replies: 11
Views: 661

When to report 1031 exchange?

I sold my home in June/2017. I lived in it for last two years, but rented rooms out before then. It sold for 235k and I bought it for 141k four years ago. I now put the proceeds into a new home that costs 515k. Do I file the 1031 exchange now or next year before April 15'th?
by knightrider
Thu Aug 10, 2017 9:57 am
Forum: Personal Consumer Issues
Topic: Advice on picking a dentist
Replies: 19
Views: 1738

Advice on picking a dentist

I've moved to a new city and am confused how to find a dentist. I just want a basic cleaning. I do not want to fill out pages of medical forms and have bunch of xrays taken on this initial visit. Will dentists laugh at me when I request this? Alternately, I read that one should make a "consultation ...
by knightrider
Wed Aug 09, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office/Commute Tax write off question
Replies: 5
Views: 848

Re: Home Office/Commute Tax write off question

The home office deduction is a classic example of what's wrong with the IRS. They make the rules so complex that you have to pay a professional $500 to tell you whether you are eligible for deductions that will save you $100! In fact, the Onion satirized this here: https://twitter.com/theonion/statu...
by knightrider
Fri Aug 04, 2017 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Commuter Tax benefits for non-work public transit trips?
Replies: 10
Views: 754

Commuter Tax benefits for non-work public transit trips?

My company offers "Commuter tax benefits" according to IRS Tax Code 132(f). I want to use these benefits to pay for public-transit farecards which I will use for non-work trips. According to IRS Tax Code 132(f), this still qualifies because of (B) it says: f) Qualified transportation fringe (1) For ...
by knightrider
Thu Aug 03, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Any website to get paid carpooling?
Replies: 12
Views: 1035

Re: Any website to get paid carpooling?

Derivative wrote: Where do you go on craigslist? I can't seem to find the carpooling section
I think there is a ride share section.
by knightrider
Thu Aug 03, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any website to get paid carpooling?
Replies: 12
Views: 1035

Re: Any website to get paid carpooling?

Good luck. From my experience, no one is interested in carpooling, much less paying for it. I live near NY metro area and commute to Hartford, CT ( 95 miles away ). I have tried local carpooling sites, carpoolworld.com and craigslist. In two months I only was able to give a ride to one person, one w...
by knightrider
Sat Jul 29, 2017 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: 1031 Exchange
Replies: 20
Views: 1261

Re: 1031 Exchange

Buy house for 100k, Own for 10 years, live in for last 8 years (since you said 2 rental) sale for 200k. Capital gains is 100k of which 1/5 was in rental service so you owe taxes on 20k, plus depreciation which would be fairly low since of course the land is separate value. Are you sure you have to ...
by knightrider
Thu Jul 27, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2028

Re: Rental Property - Best Legal Structure?

For just one house I can't see why you need any LLC. I think Americans watch too much TV and think everyone gets sued on a daily basis. Also what applies for multi-million dollar businesses does not make sense for personal businesses. Focus on getting quality tenants and you won't have to worry abou...
by knightrider
Wed Jul 26, 2017 9:16 am
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 4950

Re: Are bitcoins nonsense?

While it is certainly not as anonymous as cash (assuming folks using either alternative know what they are doing), it can serve some valuable purposes - facilitate fast payments across national borders (with very low costs) 365 days per year 24 hours/day, I question the "very low costs" claim. To m...
by knightrider
Wed Jul 26, 2017 8:47 am
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 4950

Re: Are bitcoins nonsense?

It may be cybercurrencies are going after the seigneurage pool. The potential they offer is to cut into the transaction costs (and the underlying error prone and expensive back office processes) that financial intermediaries charge. The irony is that it takes Phds in Computer Science along-with com...
by knightrider
Wed Jul 26, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Do people really buy foreclosures unseen?
Replies: 21
Views: 2460

Re: Do people really buy foreclosures unseen?

I work with a number of investors and we avoid these properties like the plague. Often the bank wants to hand off their problems to an investor and let them try to evict the occupants. Sure, they can be good deals when everything goes smoothly but, I have also read about evictions that took 5 years...
by knightrider
Tue Jul 25, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 4950

Are bitcoins nonsense?

I don't invest in bitcoins because of these two adages I follow: 1) I don't invest in what I don't understand 2) Complex investments generally only benefit those making the rules Some people say bitcoins are not complex. I have a Masters in engineering and I can't understand them. Plus how much of t...
by knightrider
Tue Jul 25, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do people really buy foreclosures unseen?
Replies: 21
Views: 2460

Re: Do people really buy foreclosures unseen?

The lender is likely in the process of evicting the tenants. It is a highly adversarial situation. They may be the former owners or tenants that didn't know about the foreclosure. There's nothing illegal about knocking on the door or leaving a note but be pleasantly surprised if you get cooperation...
by knightrider
Tue Jul 25, 2017 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do people really buy foreclosures unseen?
Replies: 21
Views: 2460

Do people really buy foreclosures unseen?

On any foreclosure listing it says: NO VIEWINGS of this property. Please DO NOT DISTURB the occupant. "As is" cash only sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing. Surely there must be some way of viewing the property. I...
by knightrider
Fri Jul 07, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord/Rent question
Replies: 21
Views: 2025

Re: Landlord/Rent question

No need to see a lawyer a quick read of their states laws online should ans the question. I read the WACs regularly regarding issues like this. Most states are easily searched. Mine has no int requirements My point was you should pay interest no matter what your state law says. That is simply the r...
by knightrider
Fri Jul 07, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Landlord/Rent question
Replies: 21
Views: 2025

Re: Landlord/Rent question

Uh, yes. "consult the local law". in our jurisdiction, if the money is *not* put in a separate savings account, the penalties can be substantial. Not worth it at all, in our opinion. It's so simple to open a separate account. The "idea" is to comply with the relevant laws. Opening an account is not...
by knightrider
Fri Jul 07, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Landlord/Rent question
Replies: 21
Views: 2025

Re: Landlord/Rent question

It is interesting to see all the people responding with "consult the local law" instead of just answering the OP's question. It is very simple. You put their money in some savings account and pay them the interest back after the lease is up. Interest rates are so low that this amounts to barely $10-...
by knightrider
Wed Jun 28, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 9354

Re: Middle age job blues

queso wrote: I ssh into the server and kick off the script that runs the TPS reports. (lol...sorry, this one had me rolling)

-- another old IT guy (43)
haha, me too! I spend 70% of my day looking at putty.