Search found 38 matches

by vfinx
Fri Apr 09, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 75
Views: 4536

Re: Taking a paycut for a more stable state job (CA)?

If job stability is truly the primary goal, then I would think that some of the cash-rich tech behemoths would be more stable than the state, and would probably pay more as well. I suspect that the average Google/Apple/Microsoft employee had more job stability than the average CA state employee dur...
by vfinx
Fri Apr 09, 2021 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 75
Views: 4536

Re: Taking a paycut for a more stable state job (CA)?

If job stability is truly the primary goal, then I would think that some of the cash-rich tech behemoths would be more stable than the state, and would probably pay more as well. I suspect that the average Google/Apple/Microsoft employee had more job stability than the average CA state employee dur...
by vfinx
Thu Apr 08, 2021 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a paycut for a more stable state job (CA)?
Replies: 75
Views: 4536

Re: Taking a paycut for a more stable state job (CA)?

If job stability is truly the primary goal, then I would think that some of the cash-rich tech behemoths would be more stable than the state, and would probably pay more as well. I suspect that the average Google/Apple/Microsoft employee had more job stability than the average CA state employee duri...
by vfinx
Tue Mar 30, 2021 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48394

Re: Tales from this insane real estate market

Everyone? How do you explain then the current house price boom in CA? That would be the people leaving and selling their houses to FOMO suckers who are going to end up in foreclosure in the next bust. At least, the non trust fundies are... Also renters. Renters leaving in droves. A lot of born and ...
by vfinx
Sun Mar 28, 2021 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48394

Re: Tales from this insane real estate market

by Cosmo » Sat Mar 27, 2021 4:07 pm It’s hard to beat sight unseen offers 15 to 20% above ask. It makes sense to stay put. A big house will be a lot of work and money. Not sure about that. Everyone seems to be leaving CA and moving to Texas and other more tax friendly states. Everyone? How do you e...
by vfinx
Thu Mar 25, 2021 9:50 pm
Forum: Personal Consumer Issues
Topic: Which car supports easy upgrades of driver assist features year over year without buying a new car every year ?
Replies: 34
Views: 3013

Re: Which car supports easy upgrades of driver assist features year over year without buying a new car every year ?

It is sad, but every other car manufacturer, aside from Tesla, that I have had experience with still treats their vehicles as "one and done" transactions, and their goal is to never hear from you again after purchase. I don't like Teslas, but they are so far ahead in their mentality around...
by vfinx
Thu Mar 25, 2021 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48394

Re: Tales from this insane real estate market

vfinx, I would dispute that. In any case, it is very easy for OP to verify this for his area. He just need to check the Zillow price history for the older houses in his area. Show me the pricing history of house older than 20 years if you want to prove me wrong. KlangFool I think you have me confus...
by vfinx
Thu Mar 25, 2021 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48394

Re: Tales from this insane real estate market

vfinx, I would dispute that. In any case, it is very easy for OP to verify this for his area. He just need to check the Zillow price history for the older houses in his area. Show me the pricing history of house older than 20 years if you want to prove me wrong. KlangFool I think you have me confus...
by vfinx
Wed Mar 24, 2021 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48394

Re: Tales from this insane real estate market

OP, Do not get caught up with this craziness. Look at the price history of the house around the area since 2004. One house in my neighborhood. I am in NoVa. 2/2004 sold for 468K 3/2006 sold for 670K 2/2008 sold for 490K 9/2009 sold for 530K 12/2020 sold for 768K KlangFool Can you clarify which poin...
by vfinx
Wed Mar 24, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 410
Views: 48394

Re: Tales from this insane real estate market

OP, Do not get caught up with this craziness. Look at the price history of the house around the area since 2004. One house in my neighborhood. I am in NoVa. 2/2004 sold for 468K 3/2006 sold for 670K 2/2008 sold for 490K 9/2009 sold for 530K 12/2020 sold for 768K KlangFool Can you clarify which poin...
by vfinx
Tue Mar 23, 2021 3:32 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 36667

Re: Are we in a housing bubble?

Given that there has been so little inventory (and presumably a low volume of transactions), then if there is a bubble, there aren't that many recent buyers (at highly inflated prices) that will actually be burned by it. This is probably wishful thinking, but my hope is that this means that a poppin...
by vfinx
Mon Mar 01, 2021 4:16 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $2.5M first home?
Replies: 185
Views: 14693

Re: Can we afford a $2.5M first home?

Having been through this process recently, I just wanted to add a couple things to reflect on that helped me make a decision: 1. How much value does a nice/big house give you? For example, do you spend a lot of time at home, or prefer to be out all the time? 2. How confident are you that your spendi...
by vfinx
Sun Feb 07, 2021 4:32 am
Forum: Personal Consumer Issues
Topic: Can you get a job from taking a "Coding Bootcamp"?
Replies: 63
Views: 5167

Re: Can you get a job from taking a "Coding Bootcamp"?

In a past life, I was a hiring manager for several years, and hired from both traditional programs and boot camps. So yes, I do think you can get a job through it (but I would also say that the hard part starts once you get the job). For this level of position (entry level), we were trying to gauge ...
by vfinx
Wed Jan 06, 2021 2:34 am
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 555
Views: 77597

Re: Your USER NAME...what does it mean?

First stock/fund that I purchased. Still a sentimental favorite :)
by vfinx
Thu Dec 31, 2020 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: So what kind of raise did you guys get for 2021?
Replies: 222
Views: 16877

Re: So what kind of raise did you guys get for 2021?

Won’t know until March but I’m honestly just happy to have a job. I’m mostly compensated in stock, and our ticker has swung more than 7X from the lowest to highest point this year so it’s been quite an emotional roller coaster. I really hope for much less volatility next year but I suspect that wish...
by vfinx
Mon Nov 23, 2020 12:53 am
Forum: Personal Consumer Issues
Topic: Should I buy a new BMW X3?
Replies: 37
Views: 3493

Re: Should I buy a new BMW X3?

I had an X3 of the previous generation (F25) for a few years and liked it a lot. Spring for the bigger engine if you can. It’s not just about the speed or power specs. It just feels a lot better, even when you’re not pushing it. For me it was a great balance of sportiness, efficiency, refinement, co...
by vfinx
Fri Nov 13, 2020 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner Careers?
Replies: 305
Views: 49629

Re: High Earner Careers?

Hi everyone, I hope I’m posting this in the correct area. First I want to thank everyone for sharing so much knowledge, I’ve learned a lot from reading on these forums but as I read through the posts I’m always amazed at how much some of people on this forum make for a living. I’ve seen many making...
by vfinx
Fri Nov 06, 2020 1:42 am
Forum: Personal Finance (Not Investing)
Topic: severance negotiation
Replies: 83
Views: 4636

Re: severance negotiation

In my industry, it’s a generally accepted practice that once someone has decided to leave, they set aside grievances, and spend their last weeks helping their team transition. This is because the world is small, and doing anything else can really stain one’s reputation. And that reputation is much m...
by vfinx
Sun Sep 27, 2020 11:46 am
Forum: Personal Consumer Issues
Topic: Talk me into buying a Tesla Model Y
Replies: 93
Views: 8311

Re: Talk me into buying a Tesla Model Y

Figured I'd check to see what Consumer Reports says about this: "The Tesla's ride is too stiff and very choppy. Bumps and ruts hit hard, making passengers feel every road imperfection, and the ride motions are short and quick, which makes the car feel nervous." This hits it on the head. I...
by vfinx
Sat Sep 26, 2020 10:22 pm
Forum: Personal Consumer Issues
Topic: Talk me into buying a Tesla Model Y
Replies: 93
Views: 8311

Re: Talk me into buying a Tesla Model Y

Figured I'd check to see what Consumer Reports says about this: "The Tesla's ride is too stiff and very choppy. Bumps and ruts hit hard, making passengers feel every road imperfection, and the ride motions are short and quick, which makes the car feel nervous." This hits it on the head. T...
by vfinx
Sat Sep 26, 2020 9:47 pm
Forum: Personal Consumer Issues
Topic: Carvana or Vroom- ever use it?
Replies: 65
Views: 5908

Re: Sell My Car To Carvana?

I also had a seamless selling experience to Carvana. I wasn't actually trying to sell my car but heard through other forums that they were making crazy offers, which turned out to be true. I will say though that they barely inspected my car. I probably wouldn't buy from Carvana, unless I was willing...
by vfinx
Sat Sep 26, 2020 9:34 pm
Forum: Personal Consumer Issues
Topic: Talk me into buying a Tesla Model Y
Replies: 93
Views: 8311

Re: Talk me into buying a Tesla Model Y

Figured I'd check to see what Consumer Reports says about this:

"The Tesla's ride is too stiff and very choppy. Bumps and ruts hit hard, making passengers feel every road imperfection, and the ride motions are short and quick, which makes the car feel nervous."

This hits it on the head.
by vfinx
Sat Sep 26, 2020 9:28 pm
Forum: Personal Consumer Issues
Topic: Talk me into buying a Tesla Model Y
Replies: 93
Views: 8311

Re: Talk me into buying a Tesla Model Y

Of note, Tesla itself says that the Model Y ride is more harsh with just one person in it, and improves when multiple people are inside. So if you are going to be the sole passenger most of the time, be sure you drive it alone rather than bringing your entire family along on the test drive so you c...
by vfinx
Sat Sep 26, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: Talk me into buying a Tesla Model Y
Replies: 93
Views: 8311

Re: Talk me into buying a Tesla Model Y

I was set on a Model Y. I even put in a $100 order fee a few weeks ago. An EV suits my situation very well. I unexpectedly had a free day to do a test drive. When I got into the car I loved everything. The driving position is great, and my expectations regarding build quality were set appropriately ...
by vfinx
Wed Jun 17, 2020 7:56 am
Forum: Personal Investments
Topic: Situation Review
Replies: 25
Views: 1810

Re: Situation Review

I hold zero vested stock in my company. I've been selling it as it vests.
by vfinx
Tue Jun 16, 2020 5:52 pm
Forum: Personal Investments
Topic: Situation Review
Replies: 25
Views: 1810

Re: Situation Review

smitcat wrote: Tue Jun 16, 2020 4:10 pm RSU's are taxable when?
I don't actually follow the logic of this sub-thread anymore, but to try to answer your question, in my case 53% of the RSUs that vest is withheld by my company for taxes, under a "sell to cover" approach.
by vfinx
Tue Jun 16, 2020 3:02 am
Forum: Personal Investments
Topic: Situation Review
Replies: 25
Views: 1810

Re: Situation Review

I'm doing backdoor and megabackdoor roths while earning more than OP. The laziness has nothing to do with income which we have no delusions of being anything special, especially in our area. It was just a bad habit that became the norm over a few years as we got busy. I've just committed to fixing ...
by vfinx
Tue Jun 16, 2020 12:05 am
Forum: Personal Investments
Topic: Situation Review
Replies: 25
Views: 1810

Re: Situation Review

150k at a 4% withdrawal rate is 3.75M. Let’s just round up to $4M. Forgot to respond to this point - I don't think a 4% withdrawal rate can be used as an FI gauge in one's 40s or 50s? I don't know what the right number is, but 4% seems too high. But your $150k includes $40k in daycare? That will go...
by vfinx
Mon Jun 15, 2020 11:40 pm
Forum: Personal Investments
Topic: Situation Review
Replies: 25
Views: 1810

Re: Situation Review

150k at a 4% withdrawal rate is 3.75M. Let’s just round up to $4M. After you sell the house you’ll be at 3.4M in liquid assets. You save 300k per year? 400k? Net net, you’ll be financially independent way before 55. How about 40? If my children are lucky enough to get into college, I would like to ...
by vfinx
Mon Jun 15, 2020 11:13 pm
Forum: Personal Investments
Topic: Situation Review
Replies: 25
Views: 1810

Situation Review

I could use some help evaluating my situation, and hopefully coming up with an IPS. I have specific questions, but for now I'd rather leave this open-ended so I can get raw feedback. Thanks! Objectives Financial independence by 55 to have the freedom to decide whether to keep working. Pay for our 2 ...
by vfinx
Sun Jun 07, 2020 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Home Selling Advice
Replies: 5
Views: 626

Re: Home Selling Advice

Check with your agent, but in general I would not do upgrades like countertops or shower especially in San Jose. Is this an entry, mid-level, or high valued house for the market? If entry or mid-value with what you describe I would remove all dated window coverings, paint walls off white, and repla...
by vfinx
Sun Jun 07, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Home Selling Advice
Replies: 5
Views: 626

Home Selling Advice

We own a house in California (San Jose) that was being rented out up until a month ago. We now want to sell the house. Actually we wanted to sell the house years ago, but emotional attachment led us to rent it out when we moved out of it. Now we've realized that we hate being landlords. We didn't ru...
by vfinx
Wed Nov 20, 2019 11:35 am
Forum: Personal Consumer Issues
Topic: Car Lease Immediate Buyout
Replies: 14
Views: 1605

Re: Car Lease Immediate Buyout

In case anyone is interested, this process went as expected. I spent a lot of time reviewing the contract before signing (surprisingly an auto lease contract is not that bad to read through) and the early purchase option is pretty clearly described. The "Buyout Quote" is now available onli...
by vfinx
Sun Nov 17, 2019 12:24 pm
Forum: Personal Consumer Issues
Topic: Car Lease Immediate Buyout
Replies: 14
Views: 1605

Re: Car Lease Immediate Buyout

How much will be the total cost to you when you buyout the lease now? Sum of what you have already paid and what you have to pay. What will be the best price you can get the same car for? Since the car is essentially new, assume you are buying a new car. No long explanation, just give a number. I w...
by vfinx
Sun Nov 17, 2019 11:02 am
Forum: Personal Consumer Issues
Topic: Car Lease Immediate Buyout
Replies: 14
Views: 1605

Re: Car Lease Immediate Buyout

The reason I would buy out the lease immediately is to avoid the substantial rent (interest) charge that would be paid as part of each monthly payment. The base effective rate, which I'm getting, that the manufacturer has set for anyone availing of this incentive is 6.7% (0.00187). If I were to take...
by vfinx
Sat Nov 16, 2019 11:48 pm
Forum: Personal Consumer Issues
Topic: Car Lease Immediate Buyout
Replies: 14
Views: 1605

Re: Car Lease Immediate Buyout

It's not quite $7k because of ~$300 in buyout fees plus a $650 "lease acquisition fee". So the true savings is probably about $6k. But then you have to factor in the time it will take to do the buy out. It's probably worth it though. But I'm a big believer in the "there's no free lunc...
by vfinx
Sat Nov 16, 2019 10:58 pm
Forum: Personal Consumer Issues
Topic: Car Lease Immediate Buyout
Replies: 14
Views: 1605

Car Lease Immediate Buyout

I saved up cash to purchase a vehicle, but now that I'm actually about to do it, my research (i.e. online forums) suggests that the best way is to take advantage of the large lease incentive being offered, and then immediately "buy out" the lease. There will be some early termination fees,...
by vfinx
Thu Apr 19, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mistake while Paying Estimated Taxes
Replies: 1
Views: 557

Mistake while Paying Estimated Taxes

This being my first post, I wanted to preface by saying that I'm a long-time reader, and pass along my thanks to the community for all the knowledge I've gained. Unfortunately I think I've done something dumb: I recently paid estimated taxes for the 2018 tax year (1040ES) because of a one-time windf...