Search found 125 matches

by toomuchRE
Sat Feb 20, 2021 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: House buying negotiations
Replies: 84
Views: 5927

Re: House buying negotiations

What kind of location is this where the houses go for below listing.... The market is super hot and will get hotter for next 1-2 years..
by toomuchRE
Mon Feb 15, 2021 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in NJ...Huge mistake?
Replies: 55
Views: 7626

Re: Buying a house in NJ...Huge mistake?

I bought in NJ in April after 20 years renting.. Trying to refinance. Appraised for 14% more than what I bought just 10 months ago.. Go figure.
This craziness won't stop until 2024 with cheap money. This won't stop until they stop printing $$$..
by toomuchRE
Tue Dec 01, 2020 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: First Home Buying Experience
Replies: 65
Views: 4952

Re: First Home Buying Experience

You don't need an agent to buy a car, so you dont need one for a house either... assuming You know the market You can come up with a good offer You get a good RE lawyer This increases the chances of you winning the bid and get a good price and make transaction and communication fast. After my first ...
by toomuchRE
Sat Oct 31, 2020 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: husband wants to move to HCOL state
Replies: 133
Views: 7341

Re: husband wants to move to HCOL state

I would pick California over New Jersey. At least in California you both will have more opportunities, and you can get in a car and in 2 hours you can be in the wilderness. People from all over the country move to California. I have never met or heard of anyone wanting to move to New Jersey. I have...
by toomuchRE
Fri Oct 30, 2020 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife and I afford a $600K + house?
Replies: 134
Views: 15062

Re: Can my wife and I afford a $600K + house?

Buy it. You pay $1900 now. $3200 PITI Take out 200 for HOI So, $3000 PIT, which is mostly IT. 25% tax bracket? That gets you $750/month tax deduction. So you are at $2450 net on a purchase vs 1900 for rent. Easy, buy and enjoy. And forget the Dave Ramsey, et al, advice. Your money, your life. Mortg...
by toomuchRE
Fri Oct 30, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Using PayPal vs credit card for purchase
Replies: 12
Views: 1080

Re: Using PayPal vs credit card for purchase

Use paypal.. You get 5% off AND double protection. You can dispute if anything from paypal AND CC.
This is why I use paypal anywhere I can.
by toomuchRE
Tue Oct 27, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford it? First Time Home Purchase
Replies: 31
Views: 2674

Re: Can I afford it? First Time Home Purchase

I make 2X and I was waiting years to buy a lot less house..
by toomuchRE
Mon Oct 26, 2020 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Can my wife and I afford a $600K + house?
Replies: 134
Views: 15062

Re: Can my wife and I afford a $600K + house?

Super hot right now.. Definitely a 70K below offer isn't going to cut it. Will be laughed at. They aren't even offended. Forget suburbs, these NY guys are bidding up as in Maine, making the locals priced out.. I don't think this will last but will last to hurt someone looking to buy sooner, Until 20...
by toomuchRE
Sun Oct 25, 2020 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase with a Single Agent
Replies: 19
Views: 1399

Re: House Purchase with a Single Agent

Just do it if you want to win an offer...In hot market. I bet I would not get my house on this hot market if I had a buyers agent..

Make sure you have an attorney.
by toomuchRE
Sun Oct 25, 2020 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife and I afford a $600K + house?
Replies: 134
Views: 15062

Re: Can my wife and I afford a $600K + house?

Looks Like OP is out of touch. You aint getting ANYTHING below asking unless the house is waaay over priced OR a complete crap house. Bidding wars and cash offers in all NYC suburbs. Its not about budget, its about will you even have your offer accepted.. OR even the house you saw at 10AM, didn't go...
by toomuchRE
Thu Aug 20, 2020 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a house now or wait? [New Jersey]
Replies: 11
Views: 1589

Re: Buy a house now or wait? [New Jersey]

NY suburbs have gone nuts..BUY it now because this isn't stopping anytime soon looks like..I just bought under listing on a brand new house 4% under asking. No idea what was the catch but probably happened due to me having no buyers agent... I bought in Rutherford and its commuter town.. All houses ...
by toomuchRE
Thu Jul 30, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: CRAZY HOT housing market. Bidders and multiple offers
Replies: 18
Views: 2600

CRAZY HOT housing market. Bidders and multiple offers

Can we talk about it.. What is happening in here and how long this will last... I live close to a metro and looks like people with $$ are fleeing big cities/ Low interest rates and low inventory resulting in super hot housing market... Over bidding, offers the seller can't even count, hours on the m...
by toomuchRE
Mon Jul 27, 2020 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Driveway On Neighbor's Land
Replies: 139
Views: 4877

Re: Land Border Issues & Aggressive Neighbor - Help Wanted Please

I'm assuming you don't have owner's title insurance?
by toomuchRE
Thu Jul 09, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10053
Views: 710962

Re: Refinance Mega Thread

Load Depot seems to be reliable and great.. I got in for 2.77 APR.. 30 year. You will do better than this because I don't have time. So I locked it. I have a better.com application but they aren't budging below 3%. So I told better to take a hike, stop processing and moving fwd with appraisal with l...
by toomuchRE
Fri Jun 05, 2020 10:24 am
Forum: Personal Investments
Topic: Where do I go from here?
Replies: 43
Views: 3478

Re: Where do I go from here?

Fully agreed. Plots yielded highest yield but worst risk. I'm on a mission to unwind it and sold off 2 in past 2 years. Your point is exactly why I don't count them in my overall networth. Realized it late but I did..
by toomuchRE
Fri Jun 05, 2020 9:49 am
Forum: Personal Investments
Topic: Where do I go from here?
Replies: 43
Views: 3478

Re: Where do I go from here?

350K salary and total networth of ~550K?? Edit- I see the reason.. Better late than never.. I was so disorganized until I found this forum.. After some focus for the past 7 -8 years, I feel comfortable and almost at a 1M USD portfolio. I bet I would have been at 2M if I had started focusing 15 year...
by toomuchRE
Thu Jun 04, 2020 7:28 pm
Forum: Personal Investments
Topic: Where do I go from here?
Replies: 43
Views: 3478

Re: Where do I go from here?

350K salary and total networth of ~550K?? Edit- I see the reason.. Better late than never.. I was so disorganized until I found this forum.. After some focus for the past 7 -8 years, I feel comfortable and almost at a 1M USD portfolio. I bet I would have been at 2M if I had started focusing 15 years...
by toomuchRE
Sun May 10, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff Imminent, seeking guidance.
Replies: 56
Views: 7515

Re: Layoff Imminent, seeking guidance.

I had some employees go on STD/LTD as soon as they got a hint...
by toomuchRE
Sat Apr 25, 2020 8:44 pm
Forum: Personal Investments
Topic: Preparing for the storm ahead.
Replies: 59
Views: 6739

Re: Preparing for the storm ahead.

Airline Pilot. Unfortunately, my education and skill set really isn’t transferable. Also, the job market is about to be flooded with thousands of other pilots in my situation. We have definitely cut back on our lifestyle, and I hope to have seven or eight months of an emergency fund by this fall. E...
by toomuchRE
Thu Apr 16, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 30314

Re: [Government stimulus payments]

Got 3400. Would have gotten ZERO if I had filed 2019 returns..
by toomuchRE
Fri Apr 10, 2020 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Lease is up--what would you do?
Replies: 57
Views: 5912

Re: Lease is up--what would you do?

Thanks all. Just as an update, we decided to offer her a 6-month lease that includes a 60-day right to terminate with notice. Shockingly, she didn't accept. She is still demanding a 12-month lease, although it sounds like she is ok with the 60-day right to terminate with notice (I have to confirm t...
by toomuchRE
Tue Apr 07, 2020 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Home Buying
Replies: 5
Views: 1070

Re: Home Buying

Why would anyone with cash, buy a house now which was priced before this pandemic when it is guaranteed that we will see price decline?? When was the last time we had millions of people who couldn't afford mortgage ?? When was the last time govt paid for people's mortgage.. So guaranteed price decli...
by toomuchRE
Sun Apr 05, 2020 6:53 pm
Forum: Personal Investments
Topic: Where to park a house fund?
Replies: 21
Views: 2035

Re: Where to park a house fund?

Hi all, In February, we started looking into the open house markets to buy first home (SF Bay Area) and were thinking of buying by June ish. However, now with the virus, economy, etc. we're not so sure and waiting to see what unfolds with the economy and real estate and bay area. Given the crazy pr...
by toomuchRE
Tue Mar 31, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: House Buying Advice - Contract Already Signed
Replies: 39
Views: 3871

Re: House Buying Advice - Contract Already Signed

Given the first part of your post, I'm not sure why you would back out. You love the house and the area and presumably you can afford it. You don't seem to have job security concerns, so I would move forward. Seems like you're trying to time the housing market. What if you back out, wait a few mont...
by toomuchRE
Mon Mar 30, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Market Response in this environment?
Replies: 57
Views: 7661

Re: Housing Market Response in this environment?

20%??? I bet it's minimum 20%. Most FHA loan guys are pay check to pay check.
by toomuchRE
Sat Mar 28, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?
Replies: 92
Views: 7055

Re: If you have a secure, well-paying job and cash-heavy, would a recession be a good thing?

yes. But wait for 6 months to buy RE.. Its being held together with stimulus and mortgage hold and will fall apart in 6 months
by toomuchRE
Sat Mar 28, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: To Rent, or not to Rent, that is the ?
Replies: 2
Views: 325

Re: To Rent, or not to Rent, that is the ?

Just ride it out or sell for little less. Depending on one party is risky and will ruin your existing relationship
by toomuchRE
Fri Mar 27, 2020 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 120975

Re: Why are you NOT buying rental properties?

case shiller or not, expect min 15% down on home prices...
by toomuchRE
Sun Mar 22, 2020 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Down payment cash
Replies: 7
Views: 625

Re: Down payment cash

How much % down payment is this?? 20 ?? . If not buying this year, put some in the market... Like 15K..
by toomuchRE
Sun Mar 22, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house this week
Replies: 22
Views: 2120

Re: Buying house this week

It's a miracle if the housing doesn't fall...
by toomuchRE
Sun Mar 22, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house this week
Replies: 22
Views: 2120

Re: Buying house this week

4% so fast is scary.. This is gonna get worse
by toomuchRE
Sat Mar 21, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house this week
Replies: 22
Views: 2120

Re: Buying house this week

Found a house in the neighborhood we want. Probably only 2-4 houses that meet our criteria sell in this neighborhood per year so it's not common but it does happen. This is one of the very few with a two car garage which we like. The house is well within our means unless both of us lost our jobs fo...
by toomuchRE
Sat Mar 21, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: [Work From Home] - What does your company pay for?
Replies: 83
Views: 4716

Re: [Work From Home] - What does your company pay for?

Before the COVID19 breakout, my company started mandating my position works from home 1 out of 6 days (it will turn into 2 out 6 once we are fully staffed). I work at a Megacorp and I am on the phone all day, yet they don't provide a phone or pay a portion of phone bill They did offer a WFH package...
by toomuchRE
Tue Mar 17, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Current situation and housing market
Replies: 18
Views: 1903

Re: Current situation and housing market

With mortgage lenders getting calls from homeowners to delay payment, market down 30% and falling, and massive layoffs coming, its too naive to assume house prices isn't going to go down..

The ONLY question is, how much and how fast..
by toomuchRE
Thu Dec 19, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Buy a house now or not???
Replies: 8
Views: 1352

Re: Buy a house now or not???

Clarice wrote: Wed Dec 18, 2019 8:57 am
toomuchRE wrote: Wed Dec 18, 2019 7:52 am Planning to buy now that the prices are near peak...
..............
LOL.. Didnt plan for this peak....My ideal budget is 600K.. But past 2 years the location has seen 20% increase..
by toomuchRE
Wed Dec 18, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Buy a house now or not???
Replies: 8
Views: 1352

Buy a house now or not???

Age 50.... Single earner.. 3 kids. 14,12 and 10.. 270K total comp.. ~950K liquid assets ( 450K cash and 500K retirement account). USD savings is low due to foreign investments and other family commitments.. ~1.5M in foreign real estate... Will be liquidating 1M in the next 5 years. Still renting ......
by toomuchRE
Tue Nov 05, 2019 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: How common is ACH fraud on checking accounts?
Replies: 55
Views: 12045

Re: How common is ACH fraud on checking accounts?

Put the $$$ in online bank like Ally or discover and put a HOLD on withdrawal without phone authorization....ACH wont work even if you initiate it..
by toomuchRE
Tue Nov 05, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Depressed, Money issues
Replies: 89
Views: 12820

Re: New Job, Depressed, Money issues

You maybe a DBA with not much coding skills... Its very common.. Which is OK. Oracle DBAs are still in high demand and command premium and oracle is NOT cloud friendly or even devOPS friendly.. Not many startups want to use oracle anymore.. They are into native Cloud DBs or mongoDB and postgresql et...
by toomuchRE
Sat Aug 24, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Manager is Interviewing Candidates (External) before Job is posted
Replies: 57
Views: 6169

Re: Manager is Interviewing Candidates (External) before Job is posted

My manager is interviewing candidates before job has been posted. I am a perfect fit for the job that is supposed to be posted, but I don't even have the ability to apply. What would the policy be on something like this and is there any legal action I can take? Or does it just mean my manager obvio...
by toomuchRE
Mon Feb 11, 2019 1:21 pm
Forum: Non-US Investing
Topic: Any US-based Pakistanis investing in DHA?
Replies: 20
Views: 2142

Re: Any US-based Pakistanis investing in DHA?

Lets assume you invest 100K USD and buy a plot. For 1.4 Crores PKR. Lets assume PKR will be 300 in 5 years and the plot worth 1.4 will be 2 Crores. You are bringing back 66K and lost 34% .. Its a great way to lose money... :moneybag :moneybag :moneybag 10 years ago USD was 60PKR. Now its 140. So it ...
by toomuchRE
Sun Feb 10, 2019 3:17 pm
Forum: Non-US Investing
Topic: Any US-based Pakistanis investing in DHA?
Replies: 20
Views: 2142

Re: Any US-based Pakistanis investing in DHA?

My wife is originally from India, and while not exactly the same, I would say our investing experiences in this reguard may somewhat overlap. We know a lot of Indian Americans (first generation) who were pouring money into property investments back home. There was a real estate boom several years b...
by toomuchRE
Tue Nov 20, 2018 10:13 am
Forum: Personal Investments
Topic: I was 30% into US stocks.. Down 5.5% YTD. Should I now get back in ?
Replies: 14
Views: 2114

Re: I was 30% into US stocks.. Down 5.5% YTD. Should I now get back in ?

I mean with my 50% money which is in cash-bonds-treasury-stablefund....
yeah make it more aggressive now..
by toomuchRE
Tue Nov 20, 2018 10:04 am
Forum: Personal Investments
Topic: I was 30% into US stocks.. Down 5.5% YTD. Should I now get back in ?
Replies: 14
Views: 2114

I was 30% into US stocks.. Down 5.5% YTD. Should I now get back in ?

So I'm 50:30:20 into CashBond:USstock:IntlStock. Always been like that. So average around 8-9% growth in the past 4-5 years. Down 5% YTD this year and not really taking too much hit due to recent decline. Should I get into the US market now ??
by toomuchRE
Fri Nov 16, 2018 11:46 am
Forum: Personal Investments
Topic: Mortgage payoff given new 2018 tax code
Replies: 15
Views: 2133

Re: Mortgage payoff given new 2018 tax code

If you are taking standard deduction, you cant take deduction on mortgage. isn't it ??. makes no sense to keep mortgage now if you have $$$ sitting idle
by toomuchRE
Wed Nov 14, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Buying Property - 20 or 25% down?
Replies: 6
Views: 620

Re: Buying Property - 20 or 25% down?

If you have enough emer funds, go for 25%..
by toomuchRE
Mon Nov 12, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest CC cashback into market??
Replies: 32
Views: 1777

Re: Would you invest CC cashback into market??

Yeah, i figured 30% of it was accrued by using it on fun and non essential stuff all these years..
Now being very disciplined, plan to use it on something that makes sense.. LOL.

I though I had too much cashback until I saw my friend who had 15K cashback.. WTF
by toomuchRE
Mon Nov 12, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest CC cashback into market??
Replies: 32
Views: 1777

Re: Would you invest CC cashback into market??

6k would be an awesome chunk towards the mortgage! Some will argue the rate vs market return, but free money sitting in a 0% funny account is doing nothing. Put free money to work since you don’t depend on it anyway....if you’re spending enough to generate that much (assuming average cash back is 1...
by toomuchRE
Mon Nov 12, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest CC cashback into market??
Replies: 32
Views: 1777

Re: Would you invest CC cashback into market??

I think 50K per year spending.. Ouch.
Cutting it down to 40K since last year..
by toomuchRE
Mon Nov 12, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest CC cashback into market??
Replies: 32
Views: 1777

Re: Would you invest CC cashback into market??

Agreed. Pulled it. left 1K for GC purpose.. They do have staples, sears, Tjmaxx etc for 20 - 25% off all the time.
Cant believe discover paid me 6K for using their CC for 10 years...