Search found 3412 matches

by smitcat
Tue Jun 18, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 424
Views: 36701

Re: Why are you NOT buying rental properties?

Bay area for example, but I am sure there are plenty of others. Per your request.... https://www.bayareamarketreports.com/trend/3-recessions-2-bubbles-and-a-baby I see a graph going up almost continuously, and in very few years staying constant. Absolutely no boom bust in the general acceptance of ...
by smitcat
Mon Jun 17, 2019 4:35 pm
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1149

Re: User reviews - How do you use them?

1. Standing in front of a restaurant in a strange city. Look up TripAdvisor and Yelp reviews. Read/skim reviews. If many negative, move on the next restaurant. I have just avoided a lousy experience. Not seeking the 5-star experience. Seeking to avoid the 1-star experience. 2. Thinking about buying...
by smitcat
Mon Jun 17, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1149

Re: User reviews - How do you use them?

1. Standing in front of a restaurant in a strange city. Look up TripAdvisor and Yelp reviews. Read/skim reviews. If many negative, move on the next restaurant. I have just avoided a lousy experience. Not seeking the 5-star experience. Seeking to avoid the 1-star experience. 2. Thinking about buying...
by smitcat
Mon Jun 17, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 424
Views: 36701

Re: Why are you NOT buying rental properties?

To have a cycle one has to identify at least one previous period of the boom-bust cycle. What exact area are you speaking about then? Bay area for example, but I am sure there are plenty of others. Per your request.... https://www.bayareamarketreports.com/trend/3-recessions-2-bubbles-and-a-baby I s...
by smitcat
Mon Jun 17, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 424
Views: 36701

Re: Why are you NOT buying rental properties?

What cycle? My area is exactly as Wilthrill81 describes and there no cycle ever. There were some very short small blips, at most. Every area I have seen has a cycle …. To have a cycle one has to identify at least one previous period of the boom-bust cycle. What exact area are you speaking about the...
by smitcat
Mon Jun 17, 2019 10:16 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

I consider $2700/mo. rent on a $275K townhouse to be a very reasonable rent. Plano, TX has a property tax of about 2.2% of the value of the home per year, so this would reduce your returns by $6,000/yr. You would also normally pay 1%-3% of the value of the townhouse for homeowner assiciation dues, ...
by smitcat
Mon Jun 17, 2019 10:05 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

"Legitimately asking. Right know, if the 1.7M estimate is accurate, their withdrawal rate would be around 3.5%, not counting for healthcare." IMHO - 4% is just fine for planning a 25 year retirement with known costs and SS in place as part of the 4% just in case. Now fast forward to the potential s...
by smitcat
Mon Jun 17, 2019 9:42 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 48
Views: 3566

Re: Advice for young married couples: PLEASE HELP!

Also couples should take advantage to stay home as long as they can, have an emergency fund, put 20% down to buy a house, and be on the same page with saving/spending. We do separate accounts, but that works for us, others do joint and that works for them, as long as spending is fair, even and afte...
by smitcat
Mon Jun 17, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1149

Re: User reviews - How do you use them?

renue74, And, how is that different from everything else in the world? Folks that are willing to put in the effort to learn and understand things tend to get more out of everything. For example, the better shopper gets a better deal. The problem only comes when some do-gooder censors that informati...
by smitcat
Mon Jun 17, 2019 9:13 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 48
Views: 3566

Re: Advice for young married couples: PLEASE HELP!

It sounds like you maybe giving out both financial and potentially legal advice to a very diverse crowd that you know very little about. That could/would typically lead to unintended poor results. I have no idea how you would avoid that..... I think OP is sticking to the headliners of "spend less t...
by smitcat
Mon Jun 17, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1149

Re: User reviews - How do you use them?

renue74, << Firstly, they are subjective. >> This is a good thing. It is very useful for those that know what to look for. << Secondly, the bogus reviews either through AI or PR agencies or employees/owners of businesses are killer.>> I disagreed. This is useful information for those that know how ...
by smitcat
Mon Jun 17, 2019 8:50 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 48
Views: 3566

Re: Advice for young married couples: PLEASE HELP!

Hi - We live in a HCOL city in the Northeast, where my wife and I sit each month with 50-60 young engaged couples preparing for marriage. The average age is 31 and they come from all walks of life, education, ethnicity, etc. One of the talks we do is a "finance talk" in which we try to share tips a...
by smitcat
Mon Jun 17, 2019 8:39 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1149

Re: User reviews - How do you use them?

I just had this conversation with a friend last week. The user review system has to be ripe for disruption by now. I don't know what the fix is....but as time goes on, the internet user review system has to change. Firstly, they are subjective. Any time you involve humans in a process, you'll get s...
by smitcat
Mon Jun 17, 2019 7:53 am
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3355

Re: Social Security Retirement Age

Me, I'm not planning on any arbitrary reductions, and I'll be starting my benefits at 70. I'll feel good. And I'll feel better knowing my wife will get the maximum survivor benefit should I predecease her (a likely occurrence). While not planning for arbitrary reductions, presumably you're planning...
by smitcat
Mon Jun 17, 2019 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 424
Views: 36701

Re: Why are you NOT buying rental properties?

I don't think that's been possible for at least a couple of years in our area. Houses are on the market for days, sometimes hours, and are regularly bought with cash and no contingencies, not even an inspection. Rents are increasing but certainly not at the same pace as property appreciation; most ...
by smitcat
Mon Jun 17, 2019 7:42 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

I consider $2700/mo. rent on a $275K townhouse to be a very reasonable rent. Plano, TX has a property tax of about 2.2% of the value of the home per year, so this would reduce your returns by $6,000/yr. You would also normally pay 1%-3% of the value of the townhouse for homeowner assiciation dues, ...
by smitcat
Mon Jun 17, 2019 7:38 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

Why are people saying get a job? They can live off of interest and dividends if needed. A part time job isn’t going to give full time benefits and I doubt they want to work at Home Depot 40 hours a week just for benefits at their net worth.. I’d: -put 300k in a high yield account -get a couple of r...
by smitcat
Mon Jun 17, 2019 7:27 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

Why are people saying get a job? They can live off of interest and dividends if needed. A part time job isn’t going to give full time benefits and I doubt they want to work at Home Depot 40 hours a week just for benefits at their net worth.. I’d: -put 300k in a high yield account -get a couple of r...
by smitcat
Sun Jun 16, 2019 7:31 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

I would be very careful investing into property management if you both have little/no experience being landlords. You are extremely close to being financially independent, risking it now would seem needless. A part time job with health insurance would seem to be the only thing necessary and even th...
by smitcat
Sun Jun 16, 2019 7:27 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

Why are people saying get a job? They can live off of interest and dividends if needed. A part time job isn’t going to give full time benefits and I doubt they want to work at Home Depot 40 hours a week just for benefits at their net worth.. I’d: -put 300k in a high yield account -get a couple of r...
by smitcat
Sun Jun 16, 2019 3:25 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

Why are people saying get a job? They can live off of interest and dividends if needed. A part time job isn’t going to give full time benefits and I doubt they want to work at Home Depot 40 hours a week just for benefits at their net worth.. I’d: -put 300k in a high yield account -get a couple of r...
by smitcat
Sun Jun 16, 2019 2:01 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4048

Re: Selling Business for 2.5 Million - Where to go NEXT?

I would be very careful investing into property management if you both have little/no experience being landlords. You are extremely close to being financially independent, risking it now would seem needless. A part time job with health insurance would seem to be the only thing necessary and even th...
by smitcat
Sun Jun 16, 2019 1:50 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Old news, but I find the parallels to the CRV oil dilution issue rather interesting. This one involved the opposite problem of oil getting into the combustion chamber of the V-6 with cylinder deactivation. Just as with the CRV, Honda mislead and denied and never issued a recall even though there we...
by smitcat
Sun Jun 16, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Specifically, the report shows Base Number (D4739) and not TBN (D2896). Don't know the BN of fresh oil, as it is bulk oil from Honda dealer. The report flags BN as somewhat low and it is discussed in the comment section with a recommendation to resample at half intervals. The dealer standard recomm...
by smitcat
Sun Jun 16, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

My testing was done at Oil Analyzers. Reportedly, Blackstone Lab fuel dilution is tested in a less accurate manner than Oil Analyzers, which is why I chose them. Blackstone uses flash point, while OA (Polaris) uses gas chromatography which directly measures fuel dilution. It has recently come to my...
by smitcat
Sun Jun 16, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Cut and paste from Oil Analyzers website on 'how to read a report" on TBN....

Base Number TBN
50% depletion
57% depletion
65% depletion
80% depletion

Website is here:
https://www.oaitesting.com/reading-reports.aspx#guide
by smitcat
Sun Jun 16, 2019 8:57 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Oil Analyzers, Inc. uses Horizon, which is Polaris Labs data management reporting application for retrieving customer UOA reports. Basically, Oil Analyzers , Inc., contracts with Polaris Laboratories. I just visited Oil Analyzers website - the section on how to read the report says they report TBN....
by smitcat
Sun Jun 16, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

My testing was done at Oil Analyzers. Reportedly, Blackstone Lab fuel dilution is tested in a less accurate manner than Oil Analyzers, which is why I chose them. Also, Oil Analyzers reports Base Number (D4739) and not TBN (D2896). I'll see if I can figure out the exact mileage on the oil when my fi...
by smitcat
Sun Jun 16, 2019 6:53 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Oil Analysis ... The TBN number is important - if it goes below a reading of one problems may occur and an oil change is warranted. Fleets use oil tests to extend oil changes safely - a reading of 3 would direct them to extend the oil change and retest for more oil life at higher use rates. Blacksto...
by smitcat
Sun Jun 16, 2019 6:46 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

The principal findings from the oil analyses I've had done reveal two concerns. First, the percentage of fuel in the oil has exceeded 5% each time, which is the limit beyond which percentage dilution can be accurately measured. I've estimated, based on the volume increase indicated on the dipstick ...
by smitcat
Sun Jun 16, 2019 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 424
Views: 36701

Re: Why are you NOT buying rental properties?

(5) Buy below market value. I don't think that's been possible for at least a couple of years in our area. Houses are on the market for days, sometimes hours, and are regularly bought with cash and no contingencies, not even an inspection. Rents are increasing but certainly not at the same pace as ...
by smitcat
Sat Jun 15, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 424
Views: 36701

Re: Why are you NOT buying rental properties?

(5) Buy below market value. I don't think that's been possible for at least a couple of years in our area. Houses are on the market for days, sometimes hours, and are regularly bought with cash and no contingencies, not even an inspection. Rents are increasing but certainly not at the same pace as ...
by smitcat
Sat Jun 15, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Couple thoughts about the effect of oil dilution on the CRV engine. I suspect that abnormal engine wear isn't a problem until it is, and most 2017 CRVs have probably not yet reached that point with maybe 35K - 45K miles on them at most. If you expect to keep your Honda with the 1.5T to 100,000 mile...
by smitcat
Sat Jun 15, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Anyone buy Security Cams from Costco?
Replies: 57
Views: 4084

Re: Anyone buy Security Cams from Costco?

I am not sure what other folks are utilizing their security cameras for. When we reached out to our local PD and their support group about these cameras they recommended to go with wired cameras if at all possible. That and many other tips on how to do the install, viewing options, and placement of...
by smitcat
Sat Jun 15, 2019 6:28 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Just heard the Honda dealership that I've used for over 30 years is going out of business (after more than 50 years)! They told the employees "they''re just not making enough $ to keep the business going ... and that everyone would lost their jobs at the end of the month"! Unit sales data Honda USA...
by smitcat
Sat Jun 15, 2019 6:15 am
Forum: Personal Consumer Issues
Topic: Anyone buy Security Cams from Costco?
Replies: 57
Views: 4084

Re: Anyone buy Security Cams from Costco?

But if these systems run on wifi, what happens if someone cuts your broadband cable? Broadband is not needed if it stores things locally. You could watch it locally. Remote access from a different network location would not work. That being said, your wifi could be jammed rendering it useless. Powe...
by smitcat
Sat Jun 15, 2019 6:10 am
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3355

Re: Social Security Retirement Age

Me, I'm not planning on any arbitrary reductions, and I'll be starting my benefits at 70. I'll feel good. And I'll feel better knowing my wife will get the maximum survivor benefit should I predecease her (a likely occurrence). While not planning for arbitrary reductions, presumably you're planning...
by smitcat
Sat Jun 15, 2019 6:08 am
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3355

Re: Social Security Retirement Age

I know my ideas on when to take Social Security are not supported by most. When I seriously started my retirement planning 25 years ago I plugged in the payout at 50% of projections - just to cover for some type of future reduction/taxation. Luckily, when I took mine at 62, the payout was still at ...
by smitcat
Fri Jun 14, 2019 7:59 pm
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3355

Re: Social Security Retirement Age

I know my ideas on when to take Social Security are not supported by most. When I seriously started my retirement planning 25 years ago I plugged in the payout at 50% of projections - just to cover for some type of future reduction/taxation. Luckily, when I took mine at 62, the payout was still at ...
by smitcat
Fri Jun 14, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Do you repair your own appliances?
Replies: 65
Views: 3275

Re: Do you repair your own appliances?

Yes. For me, there's really nothing to lose. If I can't fix it, I'll just buy a new one rather than pay someone nearly the price of a new one to fix it. So far about a 90% success rate. I do prefer buying older appliances off of Facebook market place and Craigslist. They were definitely built bette...
by smitcat
Fri Jun 14, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: Anyone buy Security Cams from Costco?
Replies: 57
Views: 4084

Re: Anyone buy Security Cams from Costco?

I am not sure what other folks are utilizing their security cameras for. When we reached out to our local PD and their support group about these cameras they recommended to go with wired cameras if at all possible. That and many other tips on how to do the install, viewing options, and placement of...
by smitcat
Fri Jun 14, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Side hustle: car rentals via turo
Replies: 16
Views: 1740

Re: Side hustle: car rentals via turo

I never saw this with cars - but we did see this starting about 10 years back with boats in our area. Results of that trend: - you are never happy with the way the boat comes back after 'use' - your insurance is never 'enough' or appropriate - there is an marked increase in thefts - addition to visi...
by smitcat
Fri Jun 14, 2019 10:58 am
Forum: Personal Consumer Issues
Topic: Anyone buy Security Cams from Costco?
Replies: 57
Views: 4084

Re: Anyone buy Security Cams from Costco?

I am not sure what other folks are utilizing their security cameras for. When we reached out to our local PD and their support group about these cameras they recommended to go with wired cameras if at all possible. That and many other tips on how to do the install, viewing options, and placement of ...
by smitcat
Fri Jun 14, 2019 8:43 am
Forum: Personal Consumer Issues
Topic: Del webb in Florida
Replies: 20
Views: 2441

Re: Del webb in Florida

Having lived/owned in a DW community I can say only nice things about Sun City, Hilton Head, SC. Although not as balmy, weather-wise, it is pretty nice year round. SC has a lot going for it and tax wise it is far superior to the Northeast. I believe Del Webb is now a being built/maintained by Pulte...
by smitcat
Fri Jun 14, 2019 8:40 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1098
Views: 153102

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I bought a 2018 with the 1.5l in March of 2018, about a week before I saw this thread. I have chimed in a few times to offer my experience as another data point. I've driven 16,500 miles so far under the worst possible conditions with a two mile commute and just got through the brutal Polar Vortex ...
by smitcat
Fri Jun 14, 2019 8:12 am
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3355

Re: Social Security Retirement Age

"The maximum monthly Social Security benefit at full or normal retirement age is $2,788 for 2018 and $2,861 for 2019. " I am a litle surpirsed there is a value for future out years...my full retirement year is 2019, and even though I contributed max amount for 35 years, I get about 97% of the max P...
by smitcat
Fri Jun 14, 2019 7:56 am
Forum: Personal Consumer Issues
Topic: Universal Studio, LA - Ollivanders Wand Shop worth it
Replies: 23
Views: 2772

Re: Universal Studio, LA - Ollivanders Wand Shop worth it

10-hour wait for Day 1 of the new Harry Potter roller coaster at Orlando. Plus thunderstorms. Would this be good parenting or bad parenting? (Per The Points Guy) With planning there is never a reason to wait anywhere near that long. In most cases you can arrange a trip so that you wait very little ...
by smitcat
Thu Jun 13, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Is a 401K Worth It as a Small Business Owner?
Replies: 24
Views: 1513

Re: Is a 401K Worth It as a Small Business Owner?

It may be worth noting that the main downside to a SEP-IRA when you have employees is that once they are eligible, any year that you do a contribution for yourself, you are required to do an equal (on a percentage of salary basis) contribution for all eligible employees. All SEP contributions are c...
by smitcat
Thu Jun 13, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Is a 401K Worth It as a Small Business Owner?
Replies: 24
Views: 1513

Re: Is a 401K Worth It as a Small Business Owner?

FWIW - we tried it twice, each time the staff had "guaranteed' they would sign up and stay participatory…. shame on us for tryin the second time. We have a safe harbor plan now and the lack of participation is both alarming and a net lower cost than expected. I must be missing something. How do you...
by smitcat
Wed Jun 12, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 401K Worth It as a Small Business Owner?
Replies: 24
Views: 1513

Re: Is a 401K Worth It as a Small Business Owner?

I know this thread is a month old, but I have similar questions as the OP. OP, You need to ask a first question: What is the net benefit of the profit sharing agreement? Because that's the largest drag on your plan. The benefit is extra tax deferred savings to you & your wife + goodwill of employee...