Search found 747 matches

by runner540
Mon Nov 12, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 80
Views: 9082

Re: Are We In A Real Estate Bubble?

What I am not aware of is evidence that *in aggregate* American consumers are overleveraged (I think they are not yet back to where they were in 2006?) nor that mortgage finance has become excessively speculative? Or that affordability is way out of norms (at least norms established in the last 25 ...
by runner540
Mon Nov 12, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: Still spending too much on non-essentials
Replies: 38
Views: 2377

Re: Still spending too much on non-essentials

Budgeting and some limits on spending are generally good - but you may be taking it to an unhealthy extreme if you are beating yourself up about $100/month. What would that $100/month do for you otherwise? How much of your spending/saving is that? You may need a hobby, but that would cost money...
by runner540
Sat Nov 10, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund in my situation
Replies: 17
Views: 1544

Re: Emergency fund in my situation

In my opinion these questions are indicative of being late in the economic cycle and long bull market. After 2008, I invest aggressively but keep a large emergency fund.
by runner540
Sat Nov 10, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 73
Views: 2690

Re: International Travel during Maternity/Paternity

We are expecting our first child in January and likely going to do some international travel during our maternity/paternity paid time off. My wife (age 36) gets 20 weeks off, and I (age 35) get 6 weeks paid time off. We are looking into traveling with the baby weeks 14-20. Mid April - End of May. O...
by runner540
Fri Nov 09, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 51
Views: 4907

Re: Strategy during the last stock market decline

I was young(er) with a large emergency fund and very low expenses, so I threw everything I could into the market at 100% equity allocation. The memory of 2008-2009 is why I keep a large cash emergency fund, and live well below my means. That allowed me to continue investing even when my job was unce...
by runner540
Thu Nov 08, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How to plan for bonus without knowing amount?
Replies: 32
Views: 1881

Re: How to plan for bonus without knowing amount?

My husband receives a bonus every year. It's been generous in the past, but he is now in a position to receive quite large bonuses. If they reach their target, his bonuses will now be 25 percent more than his annual salary. They can pay out more than 100 percent or less depending on how the company...
by runner540
Wed Nov 07, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 41
Views: 4749

Re: How high can House prices go

Don't forget that many people buying a house are not first time buyers, struggling for a down payment. A family who is relocating might be bringing a 30% down payment with them from the sale of their previous house. Median down payment for repeat buyers is only 10%, ALL buyers is 5% and first time ...
by runner540
Tue Nov 06, 2018 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 41
Views: 4749

Re: How high can House prices go

I am curious to learn how the dynamics of house prices work. From what I understand, banks can only give loan if the monthly mortgage is within the 30 - 40% of the debtor’s salary. So, for houses priced at 500k, the salaries have to be atleast 120k. For 600k, salaries atleast 150k and so on. In Nas...
by runner540
Tue Nov 06, 2018 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 41
Views: 4749

Re: How high can House prices go

prettybogle, lenders are giving bigger loans on the same amount of income. Now 50%+ DTI is allowed, with very small down payments. That's one reason house prices have gone up faster than incomes and it can't/won't last forever. More info here if you want to learn: http://www.aei.org/publication/mort...
by runner540
Sat Oct 27, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer ... help ! [with mortgage choices]
Replies: 15
Views: 1506

Re: First time home buyer ... help !

Rates sound about right for top credit scores. Keep in mind that the 30 year fixed rate mortgage is a rare privilege in history amd around the world. If rates are too high make a bigger down payment to resuce the amount you're borrowing. If 0.25% is causing heartburn, you are probably stretching too...
by runner540
Tue Oct 23, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Withdraw 401k for Down Payment
Replies: 20
Views: 1458

Re: Withdraw 401k for Down Payment

So let me start by saying I'm a total noob to this stuff. My spouce the big earner in our family and has a super-stable career. I've had several employers over the past decade and as a result have a three small 401ks: 30k, 14k and 13k. I'm no longer with any of those employers. We recently moved an...
by runner540
Tue Oct 23, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House - Mortgage or Cash?
Replies: 16
Views: 2021

Re: Buying a House - Mortgage or Cash?

Background: My wife and I are both 35 years old and after nearly 15 years of renting very cheap apartments in cities we have lived, we are planning on buying a house in the suburbs next year. For the record, I have always been a huge proponent of renting as I value mobility and limited stress regar...
by runner540
Tue Oct 23, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advise: Offer from new job shoulf my wife tell them she is pregnant?
Replies: 34
Views: 2359

Re: Need Advise: Offer from new job shoulf my wife tell them she is pregnant?

My wife would take full maternity leave which is 12 weeks and then return to work full time. She did that with our 2 year old. They didnt ask about her pregnancy but it will show in a few weeks. The sooner she starts the job - the better, in my opinion. I thought six weeks was the "normal" maternit...
by runner540
Tue Oct 23, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advise: Offer from new job shoulf my wife tell them she is pregnant?
Replies: 34
Views: 2359

Re: Need Advise: Offer from new job shoulf my wife tell them she is pregnant?

So my wife got a job offer from a large mutli-national coporation. She wants the job and it will be both be a quality of life improvement - 10 min drive from our home meaning more time with our son and a financial benefit. However we learned very recently that she is pregnant. Now we are not sure i...
by runner540
Sat Oct 20, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: [Starter Home] Sell it or Rent it out?
Replies: 21
Views: 1102

Re: [Starter Home] Sell it or Rent it out?

I would look at the equity in your starter home as a huge windfall - you bought low in 2010, interest rates were kept low and the housing market rocketed up. Most of it did not come from your principal payments. Don't assume that will happen again...either with the new bigger house or this one. If y...
by runner540
Thu Oct 18, 2018 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Final Decision - Housing
Replies: 22
Views: 1642

Re: Final Decision - Housing

For reference here's one of OP's previous threads: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=260846&p=4156406#top OP, I'm in DFW and have noticed a "calming to the market. My answer is a conditional yes - here are the conditions: 1. You have tons of life and disability insurance in plac...
by runner540
Thu Oct 18, 2018 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Final Decision - Housing
Replies: 22
Views: 1642

Re: Final Decision - Housing

For reference here's one of OP's previous threads: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=260846&p=4156406#top OP, I'm in DFW and have noticed a "calming to the market. My answer is a conditional yes - here are the conditions: 1. You have tons of life and disability insurance in place...
by runner540
Mon Oct 15, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 15515

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

Here's a tax map - TX, IA, and ID are "neutral" and NC is favorable. https://www.kiplinger.com/tool/taxes/T055-S001-kiplinger-tax-map/index.php I look at those things, too, so I'm not dismissing the information in the link. But it's of limited usefulness in specific terms. A person who's going to r...
by runner540
Mon Oct 15, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3149

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

Maybe you should move the wedding up, so she can go on your health insurance...
by runner540
Mon Oct 15, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 15515

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

TX is: Hot Humid Doesn't rain much Getting crowded Traffic is bad 8.25% sales tax 2-3% of the value of your home will be your annual property tax, and it will go up every year Just so you know... It doesn't rain much in Texas? I think someone might have forgotten to tell the rain gods. Hah. 13 inch...
by runner540
Sat Oct 13, 2018 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Weigh in on our Marital Argument =)-- HCOL edition
Replies: 70
Views: 5531

Re: Weigh in on our Marital Argument =)-- HCOL edition

OP, read this thread with your spouse: https://www.bogleheads.org/forum/viewtopic.php?p=4159387#p4159387 It's about another couple in HCOL that is feeling overwhelmed by housing costs AND have brutal commutes. I'd lean toward the 3bed in your current neighborhood. You have ~$700k+ of equity, so a 3 ...
by runner540
Fri Oct 12, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5838

Re: Who worries about a bear market in stocks?

Funny, my answer would be EVERYONE. Young investors as any prolonged bear marked in stocks will lead to layoffs. The most overconfident aspect I have seen from even folks on this site is their confidence of not getting fired when the next downturn occurs. Retirees if timing is poor the sequence of ...
by runner540
Wed Oct 10, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Pls help us design our family life!!!
Replies: 42
Views: 5286

Re: Pls help us design our family life!!!

- Can you help me with figuring out steps to make my wish come true? I’m overwhelmed and not sure where to start. Welcome, frugalista. You are in the right place to start learning. My guess is that you are feeling overwhelmed because you have a new baby and just bought a house that is 5x income if ...
by runner540
Sun Oct 07, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Critique my Finances Please
Replies: 10
Views: 1831

Re: Critique my Finances Please

My wife was a teacher and may go back at some point so she'll have a small pension when we retire of around $45,000 a year before taxes. .... When our income jumps to $500,000 in a few months, We plan on opening a taxable account with Vanguard and contributing $2,500 a month to the Total Stock Mark...
by runner540
Sat Oct 06, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: A strategy to pay off home at retirement?
Replies: 57
Views: 4291

Re: A strategy to pay off home at retirement?

Generally, I like the idea of being mortgage-free in retirement. One less thing to worry about. Idea. You might be able to have your cake and eat it too. How? Maybe consider paying off your house with a reverse mortgage. I have no idea how the numbers work out. Don't know if a RM is a good idea if ...
by runner540
Sat Oct 06, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Young investor looking for advice of current situation
Replies: 20
Views: 1558

Re: Young investor looking for advice of current situation

It looks like you have ~$40k in debt and $24k in assets (not counting cars). I second the recommendations to sell one or both vehicles, and finish your degree.
by runner540
Tue Oct 02, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 13836

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

Lots of posts here by people who have not read it and are speculating. I'm in the middle of reading it and it's terrific. Her daughter, a psych PHD, does a good job refuting the criticisms of the earlier book, conceding where necessary, and in general updating it to 2018. I recommend it for the Bog...
by runner540
Sun Sep 30, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Can I go to one Household Income?
Replies: 15
Views: 1045

Re: Portfolio Review - Can I go to one Household Income?

You have a very long post and I'm not going to address everything, but it does seem pretty drastic to cut income by 2/3 without kids yet. I know you did it 7 years ago without kids, but a family in a major metro area on $75k is going to be different than 2 people in their 20s. Here are a few questio...
by runner540
Mon Sep 24, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the Rare Opportunity
Replies: 59
Views: 4587

Re: Investing in the Rare Opportunity

I read it as you are being given this equity, not having to buy in. OP, if you otherwise like the job, take the deal! Your downside is limited, and great upside for doing your work and driving growth (Fwiw, I'm on the more conservative side but not as much as KlangFool). Just ask around and get some...
by runner540
Sat Sep 22, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2993

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by runner540
Thu Sep 20, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7851

Re: Hubby soon to be laid off

jehovasfitness wrote:
Thu Sep 20, 2018 2:32 pm
Would have to agree, 3600/yr for homeowner's insurance sounds crazy high
It's about 0.5% of the value. Is that high?
by runner540
Thu Sep 20, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 2096

Re: Paying off mortgage vs investing?

Didn't see this mentioned: do you have a healthy emergency fund? If not, build that up before paying down the mortgage. If yes, then make sure you don't deplete it for mortgage paydown. I'm curious about your negative reaction to the interest. The 30 yr fixed rate mortgage is a pretty sweet deal for...
by runner540
Wed Sep 19, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2993

Re: Moving to Dallas, how to establish residency

For ref, I am excited about becoming a TX resident as I won't have to pay state or local taxes. That will mean 6% less tax which is an increase of $41k take home. My wife already has plans for that. Don't get too excited unless you've already done the math on property taxes for your eventual home p...
by runner540
Sun Sep 16, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18275

Re: Bay Area housing frenzy cooling

I was astonished during the sales process with the number of home buyers bringing a 3.5% down payment to the party...What?? I thought the 3.5% down payment was gone forever. I would imagine this is not the case in the "Real Bay Area", wherever that might be, but it certainly gives me pause. We seem...
by runner540
Sat Sep 15, 2018 6:38 pm
Forum: Investing - Theory, News & General
Topic: Help w/ large annual bonus
Replies: 16
Views: 1953

Re: Help w/ large annual bonus

Yes I am relatively young, 37. Since limiting our debt to 1 car and our home, I envisioned getting our emergency savings up to 1 years worth. It’s one thing to make a plan before you actually have the funds, Then once you have the $’s, it seems natural to question or feel differently. The long game...
by runner540
Sat Sep 15, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Financial situation/Health checkup - Stocks vs. Real Estate?
Replies: 17
Views: 1376

Re: Financial situation/Health checkup - Stocks vs. Real Estate?

You have a $1MM home, a job, and a lot of stock in a major company in your city: all highly correlated assets! I would derisk by taking appreciated stock and paying off the mortgage, or investing in a diversified portfolio. You need life insurance, now! You have a mortgage, a spouse with no income, ...
by runner540
Sat Sep 15, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice - Are we doing enough/what else should we be doing?
Replies: 9
Views: 874

Re: Advice - Are we doing enough/what else should we be doing?

Hello- Thank you for taking the time and effort to respond. My wife and I both work in the school system. She stayed home for several years to take care of our kids but this is her 2nd full year back at work. We are very fortunate that we are able to invent 25% plus of our take home pay (ROTH, plus...
by runner540
Sat Sep 15, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Advice - Are we doing enough/what else should we be doing?
Replies: 9
Views: 874

Re: Advice - Are we doing enough/what else should we be doing?

Do both you and your wife have adequate disability and life insurance? I was confused whether your wife works outside the home or stays at home with the kids... I agree with the comment to reconsider the 403b - you have a pretty high income and the tax savings would be valuable. What are your expens...
by runner540
Fri Sep 14, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18275

Re: Bay Area housing frenzy cooling

I generally agree, though there is some variability - consider SF's direct neighbor to the east (literally one BART stop away): https://www.trulia.com/real_estate/Oakland-California/market-trends/ From 2000 to the peak in 2007, median sale prices went from $170,000 to $530,000. They then proceeded ...
by runner540
Wed Sep 12, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6137

Re: Vacation house? Need objective third party

If it were me, I would ask myself why I only have approximately $2mm saved on an income of $1.5mm. I would be more concerned with building a substantial asset portfolio long before I would consider an emotional purchase of a cash flow drag. At the moment it seems as if you have a bit over 1x gross ...
by runner540
Tue Sep 11, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18275

Re: Bay Area housing frenzy cooling

Few notes inline Given that over the last 20 years the CAGR has been around 10%. That seems really high. The source I used (and sampling individual home zillow price histories) gives around 6-7% 20 year CAGR. Not necessarily. Here’s the math: .. So you are betting that the $1.5M house will apprecia...
by runner540
Mon Sep 10, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18275

Re: Bay Area housing frenzy cooling

You’re telling me that a professional College-educated couple earning $300k and wondering whether to pull the trigger on a $1.5M house (probably the largest purchase in their lives) can’t do the math on tax impacts? I find that hard to believe. Hahaha. Relax, dude. I didn't say "can't". Of course t...
by runner540
Mon Sep 10, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area housing frenzy cooling
Replies: 120
Views: 18275

Re: Bay Area housing frenzy cooling

You’re telling me that a professional College-educated couple earning $300k and wondering whether to pull the trigger on a $1.5M house (probably the largest purchase in their lives) can’t do the math on tax impacts? I find that hard to believe. Hahaha. Relax, dude. I didn't say "can't". Of course t...
by runner540
Mon Sep 10, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6137

Re: Vacation house? Need objective third party

OP here. Thanks for the thoughtful responses. This level of income is new--within the last two years. Moved from gov't to private practice on the partnership level, so while this level of income is not totally guaranteed, it is relatively safe, and it seems that husband's income is likely to go up....
by runner540
Mon Sep 10, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6137

Re: Vacation house? Need objective third party

If your income is $1.5MM and you are frugal other than $70k private school, just pay for it with cash (you can quickly save up $450k within a year). Don't take money out of your primary home. If your spouse is concerned, it may be because he/she doesn't feel that the $1.5MM income is very secure, OR...
by runner540
Sun Sep 09, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Home Buying Advice/Other Advice Needed
Replies: 5
Views: 611

Re: Home Buying Advice/Other Advice Needed

Too risky right now. You would be betting your family's future on everything going right for a long time (no job loss, no decline in home value, no illness, etc.). Wait until you have paid off your student loan, and have a more substantial emergency fund and down payment, and can afford a fixed rate...
by runner540
Sat Sep 08, 2018 9:45 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8673

Re: Can Sneakers go with Business Casual?

It depends on your corporate culture. I sometimes wear sneakers if - I am not seeing any clients or key stakeholders It's Friday There is some manual work to be done I'm in my own satellite office and not corporate I'm not hosting a meeting (in person or webcam) FYI, I am in IT so we have a relaxed...
by runner540
Sat Sep 08, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8673

Re: Can Sneakers go with Business Casual?

No. If you AND your company AND your clients are fashion forward, you could probably pull off some sneaker-like shoes (not the ones pictured). But the fact that you had to ask (meaning it's not common around your office), means it's outside the norm. If you can wear it to work out, it doesn't belong...
by runner540
Sat Sep 08, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1770

Re: Buy a house that needs full renovation?

I don't want to spend more that 300K for housing. I am not an investor nor a lover of beautiful things. I do like the location because of the proximity to work, grocery stores and places I enjoy (gym, bike trail) and the quiet and beautiful street - time saved on commuting has a lot of value to me....
by runner540
Thu Sep 06, 2018 11:55 pm
Forum: Personal Consumer Issues
Topic: taking home equity for credit card debt?
Replies: 19
Views: 1247

Re: taking home equity for credit card debt?

It seems like your job is costing you A LOT of money, not making you money. Can you rent a room instead of whatever you have now?