Search found 163 matches

by prettybogle
Tue Jul 18, 2017 9:01 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

PettyBogle, But so are Seattle, Denver, Austin, Raleigh, North NTC corridor, Portland, Salt Lake City, Phoenix which are actually far ahead. I do not think Nashville is even close as the tech jobs are concentrated in IT area rather than into product/start_ up/Cross-areas like biotech:manufacturing:...
by prettybogle
Tue Jul 18, 2017 5:37 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

What are your concerns about re-sale value related to? The backyard, or something else? I thought that was strange as well. Why would you buy a house for a price that you cannot sell it for? By definition it would be an overpay - no? Here's the answer: They think the $535k house is so spectacular a...
by prettybogle
Tue Jul 18, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

With limited information, it does seem more reasonable for your needs. As much as you have it within yourself to ignore the possibility of your rent increasing, answer this question: Do you want this house? Honestly, we feel it as a compromise as the house does not have backyard and we are concerne...
by prettybogle
Tue Jul 18, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

After more searching, we found an almost new house, 2016 built, 2455 sqft, 4 bed 3 bath and a office room. But there is no backyard and garage is detached. Good schools and close to work. Will really appreciate feedback please! prettybogle, What is the price of the house? KlangFool Sorry, updated p...
by prettybogle
Tue Jul 18, 2017 9:47 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

After more searching, we found an almost new house, 2016 built, 2455 sqft, 4 bed 3 bath and a office room. Price is 420k. But there is no backyard and garage is detached. Good schools and close to work. Will really appreciate feedback please!
by prettybogle
Sat Jul 15, 2017 12:57 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I am getting the feeling that OP *really* wants the house, has already made the decision to go for it and is looking for validation of her decision on this forum. Wrongfunds, we are actually quite okay living in a 2 bed room apartment. As I said in earlier post, our worries are 1. Rents will go eve...
by prettybogle
Sun Jul 09, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

No, you can't afford a $500K+ house. Why do you need that? You live in TN, a relatively LCOL place. Surely you can find something in the $250-350 range. No, it won't look like the $500K+ place. You don't need more than 2000 for three people. But you want more. Figure out the difference between want...
by prettybogle
Sun Jul 09, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

In my continued search for cheaper house, I see some houses with brick and some with vinyl siding. What is the difference ? What is the better choice for resale ? A brick house lasts longer and has less maintenance to deal with. Vinyl siding can be a pain to maintain, especially in the high humidit...
by prettybogle
Sun Jul 09, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I understand everyone, including myself, here are internet strangers. But FWIW, I am dead serious and am asking these questions very honestly. My inexperience may come out as too dumb to believe for y'all experienced ones. It's real simple. Regardless of what rent increases may lie ahead: You can't...
by prettybogle
Sun Jul 09, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I understand everyone, including myself, here are internet strangers. But FWIW, I am dead serious and am asking these questions very honestly. My inexperience may come out as too dumb to believe for y'all experienced ones. It's real simple. Regardless of what rent increases may lie ahead: You can't...
by prettybogle
Sun Jul 09, 2017 9:03 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

In my continued search for cheaper house, I see some houses with brick and some with vinyl siding. What is the difference ? What is the better choice for resale ?
by prettybogle
Sat Jul 01, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

As this thread is starting to look like troll post for some members, I will just pause posting in this thread until we make up our minds. At this point, we are leaning more towards upper 300s and lower 400s. I will be sure to update in this thread if and when we have any new thoughts or we find a mo...
by prettybogle
Sat Jul 01, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I'll try one more time. OP - some elderly advice from this 40yr old who has bought four houses. I lived in Brentwood, my old house in an excellent neighborhood just sold this spring for 470k, it is 3100 sqft and in the Brentwood school district. Despite rising costs TN isn't expensive and housing c...
by prettybogle
Sat Jul 01, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

Frankly, I wonder if OP is pulling our leg. Unreasonably she keeps mentioning the $100 monthly rent increase, which is nothing compared to home ownership expenses. We spend $400-$500 per year on yard maintenance alone, and we do all the work ourselves ($300 mulch delivery, fertilizer, new plants, g...
by prettybogle
Sat Jul 01, 2017 12:28 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I'll try one more time. OP - some elderly advice from this 40yr old who has bought four houses. I lived in Brentwood, my old house in an excellent neighborhood just sold this spring for 470k, it is 3100 sqft and in the Brentwood school district. Despite rising costs TN isn't expensive and housing c...
by prettybogle
Sat Jul 01, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: First Tennessee bank easy $300 bonus
Replies: 2
Views: 372

Re: First Tennessee bank easy $300 bonus

neilpilot wrote:I have a habit of reading the fine print: "Offer is non-transferable and is only available to mailer recipients who reside in Middle Tennessee and North Carolina."

Yes that is correct. I updated my post to save time.
by prettybogle
Sat Jul 01, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: First Tennessee bank easy $300 bonus
Replies: 2
Views: 372

First Tennessee bank easy $300 bonus

This is informational post. You can easily make $300 + $50 bonus if you open an account with first tennessee bank. I opened mine and got $300 within 10 days. "Offer is non-transferable and is only available to mailer recipients who reside in Middle Tennessee and North Carolina." For detail...
by prettybogle
Fri Jun 30, 2017 10:03 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

After reading almost every response, I feel fortunate to get self-less guidance and elderly advise from such a wonderful people. I would like to sincerely thank each one of you. I used zillow's mortgage calculator and below are the numbers- Home ownership expenses -------------------------------- Ho...
by prettybogle
Fri Jun 30, 2017 5:14 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I hate to go against the board, but personally, 3500 sqft is right where I would aim. My wife and I lived in a 2200 sqft house with one child and we always felt cramped. To be fair, we both worked from home at the time so that might have had something to do with it, but we both felt the same way. W...
by prettybogle
Fri Jun 30, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I am getting the feeling that OP *really* wants the house, has already made the decision to go for it and is looking for validation of her decision on this forum. Wrongfunds, we are actually quite okay living in a 2 bed room apartment. As I said in earlier post, our worries are 1. Rents will go eve...
by prettybogle
Thu Jun 29, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

Thanks again everyone. We are first time home buyers and we do not know what costs are involved in home ownership. Whatever knowledge we have is what we read online in places like zillow etc. I assume most of y'all are home owners. Part of the reason we were thinking this 535k house is we may be mi...
by prettybogle
Thu Jun 29, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

Thanks again everyone. We are first time home buyers and we do not know what costs are involved in home ownership. Whatever knowledge we have is what we read online in places like zillow etc. I assume most of y'all are home owners. Part of the reason we were thinking this 535k house is we may be mis...
by prettybogle
Thu Jun 29, 2017 3:22 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

You're doing this to protect against the risk of your $1300 monthly rent increasing? Something is really off here. Agreed. I'm hoping this was a spur of the moment decision that will be put aside after some time to reflect. OP said their monthly rent might go up from $1300 to $1400 and their counte...
by prettybogle
Thu Jun 29, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

You're doing this to protect against the risk of your $1300 monthly rent increasing? Something is really off here. Agreed. I'm hoping this was a spur of the moment decision that will be put aside after some time to reflect. OP said their monthly rent might go up from $1300 to $1400 and their counte...
by prettybogle
Thu Jun 29, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

My first reaction to this post was it was a troll post. I live in Nashville. Since I'm preparing to buy in the next year or so, recently I've been doing a lot of window shopping in the Franklin-Nashville area. You can find plenty of nice houses in the area for well under $500k that would fit your p...
by prettybogle
Thu Jun 29, 2017 7:19 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

Thanks everyone for helpful responses. As you all can see from my recent threads I opened in the forum, We are extremely nervous on home buying decision- scared that house prices may go up even higher and also rents may go up very high too. I agree our rent now is justifying not to buy house but wha...
by prettybogle
Thu Jun 29, 2017 7:15 am
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

prettybogle, you posted recently about feeling pressured to buy by coworkers. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=221624&p=3418239#p3418239 Based on that thread, I thought you lived in a HCOL area like Seattle. Middle TN (Nashville?) is experiencing rapid growth too, but do...
by prettybogle
Wed Jun 28, 2017 11:25 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

I didn't even try to crunch the numbers but you can't really afford a $400K+ mortgage on your income even if the lender will loan you that much. In addition to the mortgage payment you will have property taxes, maintenance, and you probably would want to furnish the home too. Property taxes in Tenn...
by prettybogle
Wed Jun 28, 2017 11:16 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Re: Buying house - Very important decision

runner3081 wrote:Not enough information.

Income, mortgage cost, how much are you putting down, net worth, emergency fund, cash savings, etc.

Updated my original post with this information.
by prettybogle
Wed Jun 28, 2017 10:57 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 182
Views: 12094

Buying house - Very important decision

We are a family of 3, husband, myself and a daughter. We are now paying monthly rent $1300. This may go up atleast 100 for the next year. So i am debating to buy (or not buy) this house in middle tennessee. It is $535000 for 3600 sqft house. Lot size is 0.25 acres. I really appreciate any input, sug...
by prettybogle
Wed Jun 21, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 63
Views: 6246

Re: Co-workers advising to buy house RIGHT NOW

Thanks everyone for thoughtful and helpful responses. What is keeping me awake in the night is the scary thought that home prices may go up and up and reach millions like CA, Seattle etc. Also, this bull market is not showing any remote signs of weakness. As a correction/crash seems far away, not ev...
by prettybogle
Wed Jun 21, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 63
Views: 6246

Re: Co-workers advising to buy house RIGHT NOW

OP, I buy my house when it is cheaper than renting. My PITI is 20% to 30% lowered than renting. I fixed my housing expense. I save money. I do not need to care about the house price. KlangFool KlangFool, Do you mean when monthly mortgage is less than rent ? That is almost impossible? Can you throw ...
by prettybogle
Tue Jun 20, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 63
Views: 6246

Re: Co-workers advising to buy house RIGHT NOW

Enjoy your Glenfiddich. Stop worrying about what everyone is telling you to do. If you feel content, don't let someone knock you out of your comfort level. Regardless of where home prices are headed, this is the best advice - thanks ERISA Stone. We just have to work on how to stop worrying about wh...
by prettybogle
Tue Jun 20, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 63
Views: 6246

Re: Co-workers advising to buy house RIGHT NOW

Enjoy your Glenfiddich. Stop worrying about what everyone is telling you to do. If you feel content, don't let someone knock you out of your comfort level. Regardless of where home prices are headed, this is the best advice - thanks ERISA Stone. We just have to work on how to stop worrying about wh...
by prettybogle
Tue Jun 20, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 63
Views: 6246

Co-workers advising to buy house RIGHT NOW

Atleast 3 co-workers have advised me in last week to buy house right now. They say home prices are only going to go up and up in this area. Every party i go to, frequent topic is "oh i should have bought 2 or 3 houses instead of just 1". These events are worrying me enough that we are drin...
by prettybogle
Sat Apr 29, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2234

Re: 5 year cd - to open or not

for those who didn't see this discussed, an older post shows an article by Allan Roth titled, "Four CDs that protect against a bond bubble". I know this post isn't comparing cds to bonds, but rather cds to a savings account. However there seems to be an implicit fear by the OP to "mi...
by prettybogle
Sat Apr 29, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2234

Re: 5 year cd - to open or not

May be I am missing something here, isn't just one big 50k 5 year cd better ? That way I can get higher rate while I wait for higher cd rates. If that does not happen, I will get 2.25 anyway. Assuming I will not need that 50k for next 5 years. You're not missing anything. Laddering is basically an ...
by prettybogle
Sat Apr 29, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2234

Re: 5 year cd - to open or not

5yr CDs are fine, but why not ladder it, investing over the next year or so? New to ladder concept - so open a new 10k cd every x months ? Not necessarily. Depends on how long a ladder and how many "rungs". One example - if you have $50k and five year ladder. Do $10k for 1,2,3,4 5 years. ...
by prettybogle
Sat Apr 29, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2234

Re: 5 year cd - to open or not

lazylarry wrote:
whodidntante wrote:It is risky to assume you will be allowed to break a CD and pay an EWP. This is often true, but not always.


Really? I have never heard of an Ally CD that Ally did not allow to break? I know its in the fine print, but not sure about reality.

I guess it is possible if ally or fdic goes bankrupt :D
by prettybogle
Sat Apr 29, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2234

Re: 5 year cd - to open or not

Sconie wrote:5yr CDs are fine, but why not ladder it, investing over the next year or so?

New to ladder concept - so open a new 10k cd every x months ?
by prettybogle
Sat Apr 29, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: 5 year cd - to open or not
Replies: 21
Views: 2234

5 year cd - to open or not

I have about 50k in cash that is now just sitting in ally savings. I am debating to open Ally 5 year cd 2.25% with 50k all-in. Assuming cd rates will not be much higher than that in next year or so, even if i break the cd after a year and pay early withdrawal, yield will still be better than 1%. Any...
by prettybogle
Thu Apr 27, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Housing crash 2008
Replies: 7
Views: 1061

Re: Housing crash 2008

jebmke wrote:
prettybogle wrote:Prices went up by 35-40% just in last 2 years.

Are you sure about that?

https://fred.stlouisfed.org/series/CSUSHPINSA


Yes atleast in our area nashville
by prettybogle
Thu Apr 27, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Housing crash 2008
Replies: 7
Views: 1061

Housing crash 2008

Housing prices are going up very convincingly and I see no end to this anytime soon. Prices went up by 35-40% just in last 2 years. How was it like before 2008 crash ? Please share your experiences.
by prettybogle
Wed Apr 26, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Los Angeles house buying
Replies: 38
Views: 3941

Re: Los Angeles house buying

Seeing similar situations around the country - florida and Tennessee as well. In middle Tennessee, housing went up 30+% in less than 2 years. Looking at my take-home pay and rising interest rates, it is definitely a stretch to buy a house. Not saying housing will go down but I only care about my inc...
by prettybogle
Fri Apr 14, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a mistake to do 401k, trad ira and Roth IRA?
Replies: 13
Views: 1729

Re: Is it a mistake to do 401k, trad ira and Roth IRA?

Just a quick update - I am still debating to Roth IRA or not :confused . Basically what's complicating this is the possibility that i may not be in the USA at the time of my retirement or may be before that too. Anyone in this situation? How are you planning around this possibility?
by prettybogle
Tue Apr 11, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Is it a mistake to do 401k, trad ira and Roth IRA?
Replies: 13
Views: 1729

Re: Is it a mistake to do 401k, trad ira and Roth IRA?

Thanks y'all for the input. I decided to go with just her ira this time and will pass on his Roth for now. Her ira contribution is cutting my tax bill by 30%. His roth will not help my tax bill anyway.
by prettybogle
Tue Apr 11, 2017 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Is it a mistake to do 401k, trad ira and Roth IRA?
Replies: 13
Views: 1729

Is it a mistake to do 401k, trad ira and Roth IRA?

I am finally working on filing my taxes. After crunching numbers, I am seeing that if i am contribute to her IRA, my tax bill is going down by about 30%. I am also considering Roth ira contribution. As i already max out his 401k, is it overkill to also do her ira and roth ira contributions ? Thank y...
by prettybogle
Fri Mar 17, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Rising cd rates
Replies: 11
Views: 2090

Re: Rising cd rates

You could park $10k here by the end of March for 2 months and get $200 while you think about it. https://www.capitalone.com/bank/strong200/?external_id=360b_MM_DM_Strong200 Good idea except i have like a ton of bank accounts already. Scared my credit score or who knows what may get impacted if i op...
by prettybogle
Thu Mar 16, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Rising cd rates
Replies: 11
Views: 2090

Re: Rising cd rates

drawpoker wrote:Yes, that is a GinnieMae fund. :)

Thank you. What are the risks with this ? Looks too good to be true especially when cd rates are so low.
by prettybogle
Thu Mar 16, 2017 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rising cd rates
Replies: 11
Views: 2090

Re: Rising cd rates

Why think of parking your emergency fund in a CD, anyway? If you had an emergency and needed to tap the money, ooops, there are those nasty penalties for early withdrawals, right? Rather than lock up your money for 17 months for 2% - just put in a GinnieMae fund. Your yield will be more than 2%, yo...

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