Search found 1335 matches

by hand
Mon Nov 11, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 107
Views: 8729

Re: Seller's agent not letting us use a buyer's agent

No one has to accept dual agency. But the buyer needs to understand that their agent isn't going to get paid if they buy this house. They can decide if they want to still make the purchase or not. The buyer's agent should have informed them how the process works. That's Realtor 101. They didn't, so...
by hand
Mon Nov 11, 2019 7:32 am
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 57
Views: 4045

Re: Your Fantasy Kitchen (Cookware-wise)

All the other suggestions are great. I also recommend a lot of practice cooking high-quality ingredients very simply to the absolutely correct degree of doneness (to your taste, not what someone else tells you you should like). So much food is ruined by over- or undercooking it. Getting it exactly ...
by hand
Fri Nov 08, 2019 11:38 am
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 57
Views: 4045

Re: Your Fantasy Kitchen (Cookware-wise)

big fan of hitting up kitchen supply stores. they sell a lot of stuff made for heavy duty use and i am a fan of a brand called Vollrath found at such stores. I will have to look that brand up, I'm always looking to buy good value cookware for gifts. I'm a big fan of Vollrath Tribute tri-ply in my k...
by hand
Tue Nov 05, 2019 5:58 pm
Forum: Personal Consumer Issues
Topic: Your Fantasy Kitchen (Cookware-wise)
Replies: 57
Views: 4045

Re: Your Fantasy Kitchen (Cookware-wise)

A lot of cookware is personal and very dependent on your intended use. It is unlikely your all-clad is holding you back - most restaurant meals are prepared with cheaper cookware. From a pots and pans standpoint, there is likely opportunity to optimize: Get rid of all-clad you don’t use regularly Re...
by hand
Tue Nov 05, 2019 5:25 pm
Forum: Personal Investments
Topic: Should I let UBS manage our windfall?
Replies: 23
Views: 2491

Re: Should I let UBS manage our windfall?

2) Pay off the mortage. with a windfall inheritance of ~800k. ..... only debt is 600k mortgage @ 4.25%. There are all sorts of opinions and arguments about paying off a mortage but if you had a paid off house there is little chance that you would take out a new $600K mortage just to invest the mone...
by hand
Tue Nov 05, 2019 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Purchase Mortgage Rate for less closing costs if going to refinance?
Replies: 5
Views: 428

Re: Increase Purchase Mortgage Rate for less closing costs if going to refinance?

That's the only thing that made me think to drive the rate up to essentially a no-closing cost rate knowing I'm going to refinance later. My thinking pretty much better to roll closing costs into a loan I'm going to refinance than pay them out of pocket up-front. You understand the dynamics correct...
by hand
Mon Nov 04, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Home buying advice: Build new or buy used?
Replies: 76
Views: 5455

Re: Home buying advice: Build new or buy used?

For the homes built 50 years ago, or 100+ years ago, how much concern did you have about issues under the surface unable to be viewed by the naked eye ? I am not a handyman so I wouldn’t be able to see any red flags. For a brand new home , how much concern would you have about issues under the surf...
by hand
Mon Nov 04, 2019 5:14 pm
Forum: Personal Investments
Topic: Should I let UBS manage our windfall?
Replies: 23
Views: 2491

Re: Should I let UBS manage our windfall?

You're trading the minimal complexity of managing your own accounts for the complexity of managing a vendor and the added costs of a vendor. If your'e capable of deciding on an asset allocation, staying the course, and have found your way here, you're more than capable of doing it on your own and wi...
by hand
Mon Nov 04, 2019 4:54 pm
Forum: Personal Consumer Issues
Topic: Paying a contractor in cash
Replies: 48
Views: 1592

Re: Paying a contractor in cash

So here's the specific payment schedule: ------- $1,000 deposit due to hold schedule $9,800 due on day 1 of construction start up (demo) $9,800 due on day 5,10,15,20,25,30 $7,632.23 due on day 35 $5,142.82 due upon day 40/completion/city sign off/owner walk ------- I'm thinking the payment schedule...
by hand
Wed Oct 23, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: Sharing my camry 2011 overall/annual ownership costs.
Replies: 19
Views: 1185

Re: Sharing my camry 2011 overall/annual ownership costs.

Thanks for sharing actual numbers! Seems to me that for a comparison with a new vehicle, the luxury items (in-dash system, remote start) should be excluded if they would not be included in the base price of a new car. If bumper cost was from damage after the car was purchased, perhaps that should be...
by hand
Tue Oct 22, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8470

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Here you guys go- https://www.cards.commerce.state.mn.us/CARDS/ Thanks! Always good to have actual facts to support a discussion :) Enforcement summaries were an interesting and entertaining read. Based on a quick read of the last two years of actions, breach of fiduciary duty is not a common enfor...
by hand
Tue Oct 22, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Home buying advice: Build new or buy used?
Replies: 76
Views: 5455

Re: Home buying advice: Build new or buy used?

We recently bought a new build and can say we spent a significant amount of time monitoring the builder/contractors. We were up at the house nearly every weekend for 6-8 months checking things out - and there were still mistakes that we are dealing with the builder to get fixed today. However, keep...
by hand
Mon Oct 21, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Home buying advice: Build new or buy used?
Replies: 76
Views: 5455

Re: Home buying advice: Build new or buy used?

Is there a way to estimate the best monetary choice for someone moving into a new home? As best I can tell, there are 3 basic choices: buy an existing home, buy a new stick-build home, or buy a new custom home? You need to clarify what you mean in terms of "monetary" which could mean lowest total c...
by hand
Mon Oct 21, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Retired Empty Nester Move from House to Apartment
Replies: 27
Views: 4270

Re: Retired Empty Nester Move from House to Apartment

House Mortgage, Property Tax, and Insurance is about $6,000 a month. So $72,000 per year. 700K mortgage remains. However, I do get to deduct mortgage interest and property tax of about $38,000 a year. Rent for the apartment will be $3,500 to $4,000 a month. So $42,000 to $48,000 a year. Also, if th...
by hand
Mon Oct 21, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8470

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

You should have a talk with the Minnesota Department of Commerce. They don't hesitate a minute to levy fines and restrict, or cancel, an RE license when they feel a client has been mistreated. (Sheep and Wolves). Interesting - is their enforcement information publically available? Best I could come...
by hand
Mon Oct 21, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 8470

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Student wrote - Why is it not prudent for the seller to talk to his/her attorney? He/she can only be sure that his/her attorney (not the realtors) is there to protect his/her interests A common misperception that I have seen on Bogleheads through the years. A licensed real estate agent or broker th...
by hand
Thu Oct 17, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Personal vs 401k loan
Replies: 20
Views: 949

Re: Personal vs 401k loan

So, at that level - would you consider investing that $N in a 6% bond or bond fund in your 401k? Does that fit with your overall goals? If so, seems like the 401k loan is a good deal, as you're unlikely to find a fixed-income investment paying 6%. Also keep in mind that if you lose your job, you ge...
by hand
Tue Oct 15, 2019 12:31 pm
Forum: Personal Consumer Issues
Topic: Commuting dilemma
Replies: 34
Views: 2626

Re: Commuting dilemma

Highway miles are the easiest miles for a car, and shouldn't wear out a car (and especially a Lexus) in 100k miles with some basic maintenance. Definately consider having the company reimburse you for milage as 58 cents a mile will go a long way towards replacing your current car when it is finally ...
by hand
Tue Oct 15, 2019 7:50 am
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 4657

Re: What workout equipment to get?

What bar and rack do you have? Shorter bars, in the case of Rogue's C-70, will not fit in a standard power rack. Or the sleeves of the bar are too short to put much weight on them for deadlifts. I have a Fringe Sport shorty bar which fits a standard rack at the cost of shortened sleeves, and less w...
by hand
Tue Oct 15, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Home appraisal 8% less sq ft than listing
Replies: 42
Views: 2602

Re: Home appraisal square ft less than Seller Listing

Seller (and your realtor) bait and switched you into agreeing to more per square foot than market. Depending on location, cost per square foot may or may not be king. Either: 1) Your offer was based on market value / your value for a house of this type/ location / condition - in which case I wouldn'...
by hand
Mon Oct 14, 2019 11:38 am
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 4657

Re: What workout equipment to get?

If I want to install a power rack in my garage (for barbell lifts like squats, deadlifts, bench press, and overhead press), what would be the absolute minimum total floor area I would need for maneuvering and moving plates on/off from the side? Space is very limited in my house. I can look up the d...
by hand
Mon Oct 14, 2019 8:05 am
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 4657

Re: What workout equipment to get?

You really need to decide (or disclose) how likely you are to continue with your in-home exercise - is this a purchase in hopes of exercising, or a purchase that will be used for multiple years and is worth investing in. As with many things, there is a false economy in not buying quality - if you'll...
by hand
Thu Oct 10, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Neighbor filming a TV Show
Replies: 71
Views: 3843

Re: Neighbor filming a TV Show

Production companies often have "fixers" who have cash ready to address any last minute nuisances that interfere with production.
by hand
Wed Oct 09, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma buying a new house
Replies: 31
Views: 2633

Re: Dilemma buying a new house

Note that ther's an element of risk reduction by setting sale price as close to when you set the buy price as possible. Risk can result in positive or negative returns, but seems likely you care more about the downside risk than the upside possibility even if you seem to be focusing more on the shor...
by hand
Tue Oct 08, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12645

Re: Half of Retirees Afraid to Use Savings

People saved all of their lives to make sure they will enjoy retirement. So why are they so reluctant to spend the money for the purpose it was intended? Great straw man to begin a click-bait article... I wouldn't be suprised to see a follow-up pitch for an annuity. My take is that of the people wh...
by hand
Mon Oct 07, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12645

Re: Half of Retirees Afraid to Use Savings

People saved all of their lives to make sure they will enjoy retirement. So why are they so reluctant to spend the money for the purpose it was intended? Great straw man to begin a click-bait article... I wouldn't be suprised to see a follow-up pitch for an annuity. My take is that of the people wh...
by hand
Thu Oct 03, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Eight year old Infiniti: What is necessary and priorty maintenance
Replies: 11
Views: 1011

Re: Eight year old Infiniti: What is necessary and priorty maintenance

Am I the only one skeptical of manufacturer maintenance schedules? When you have a financial interest in something you can tend to err on the side of more maintenance than less. I remember what the dealer/manufacturer recommended on my last suv and thought it was absurd. All this nonsense when the ...
by hand
Wed Oct 02, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage math
Replies: 20
Views: 2065

Re: Mortgage math

As a practical matter, buying a house with cash can often lead to a greater liklihood of an offer being accepted and/or a lower purchase price. Not often discussed here, but a fixed mortgage with the potential to outlive you seems like a valuable thing in retirement: 1) protection against inflation,...
by hand
Tue Oct 01, 2019 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Their Cars
Replies: 3
Views: 1938

Re: The Seven-Year Auto Loan: America’s Middle Class Can’t Afford Their Cars

No doubt this is a bad thing for the financially uninformed, but it seems worth noting that cars today are made better and last longer - my youngest car is 8 years old and still going strong. The real disconnect is when loans stretch longer than the usefull life.
by hand
Tue Oct 01, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Considerations for transfer ownership of house to irrevocable trust?
Replies: 14
Views: 1231

Re: Considerations for transfer ownership of house to irrevocable trust?

Two thoughts: 1) Not sure the assumption that gains on the property are unlikely is a good one - there are several cases in the medium to long term where value of an unmaintained property can increase (structural change to the community making it more desireable, high inflation) 2) If parents are cu...
by hand
Mon Sep 30, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 28
Views: 2024

Re: Cashing out RE appreciation or keeping the rental cash flow?

Exit strategy for a handfull of rentals is tough; best returns come from good timing and active involvement in preperation and marketing. This is not a holding you want to try to liquidate under duress (poor market conditions, poor health, other pressing responsibilities). It sounds like you've alre...
by hand
Mon Sep 30, 2019 12:44 pm
Forum: Personal Consumer Issues
Topic: When and should I buy dream car? 1997 Toyota Supra
Replies: 36
Views: 2712

Re: When and should I buy dream car? 1997 Toyota Supra

I've been wanting a 1997 Toyota Supra for over a decade. I don't want the new Supra which I consider a BMW and the old 90s Supras costs about the same as the brand new one but even from a investment standpoint the old supra appreciates in value (they've gone up +44% in the last 3 yrs) while the new...
by hand
Fri Sep 20, 2019 8:49 am
Forum: Personal Investments
Topic: Update Post Sale of Business! - Pay Off Home or Not?
Replies: 51
Views: 2880

Re: Update Post Sale of Business! - Pay Off Home or Not?

A 3.9% loan with PMI is objectively a bad deal AND objectively worse than 1) your current "safe" investments (treasury fund, CDs, checking account) as well as 2) alternate "safe" investments. If your goal is to maximize long term returns, there is an argument for holding a fixed non-PMI mortgage - i...
by hand
Wed Sep 18, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: New Dishwasher Issue - Update 2
Replies: 15
Views: 1123

Re: New Dishwasher Issue - Update 2

You don't want a GFCI outlet behind the dishwasher - if the outlet trips, the dishwasher will be inoperable untill the dishwasher is pulled out and the outlet reset. There are GFCI breakers that can be installed in your electrical panel, or better yet, just have the dishwasher hardwired.
by hand
Tue Sep 17, 2019 10:26 am
Forum: Investing - Theory, News & General
Topic: Don't confuse strategy with outcome:
Replies: 94
Views: 5926

Re: Don't confuse strategy with outcome:

whodidntante wrote:
Mon Sep 16, 2019 6:11 pm
It means you can do something boneheaded and still win. Or you can do something brilliant and still lose.
And don't make the mistake of adjusting strategy to follow the latest boneheaded winner...
by hand
Mon Sep 16, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Mortgage
Replies: 16
Views: 1088

Re: Advice on Mortgage

If you can get a no-fee refinance for 15 years at 3.25% or a 30 year refinance for not much more (3.5%?), refinancing is a no-brainer - you get increased flexibility and reduced cashflow requirements at essentially no cost. If you stay employed, you can keep paying at the old rate if you so desire. ...
by hand
Fri Sep 13, 2019 10:06 am
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 1873

Re: Home upgrade question

I suppose it is location specific, but I'd be *really* skeptical of a contractor in today's world who isn’t already booked months into the future with actual paying customers… Willingness to finance seems like a major red flag.
by hand
Thu Sep 12, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi - pull cash out?
Replies: 25
Views: 1971

Re: Mortgage refi - pull cash out?

I'd feel much better about trying to beat 3.5% over 30 years than 2.75% over 10 years... Also conside the cashflow impact of borrowing more - do you have a safe / guarenteed ability to meet the increased monthly payments? Is your income tied to the health of the economy / strength of stock market? I...
by hand
Mon Aug 12, 2019 5:46 am
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 3043

Re: What am I missing about HELOCs?

A HELOC in my opinion can be used as a quasi emergency fund. I’m sure that’s not a popular opinion here, but having access to substantial funds at relatively low rates (with potential deductibility of interest) which can be accessed on a short notice and paid off over several years (today’s HELOCs ...
by hand
Fri Aug 09, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Volvo battery drain due to satellite radio receiver continually looking for signal?
Replies: 3
Views: 307

Re: Volvo battery drain due to satellite radio receiver continually looking for signal?

I had this issue with a 2011 XC90 .
Dealer installed software fix several years ago and has solved the issue to my satisfaction.

This was a known issue and provided for free (though I was under CPO warrenty) - I would push harder on the dealer for a free fix.
by hand
Fri Aug 02, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: luxury vehicle: what income/asset range
Replies: 75
Views: 4780

Re: luxury vehicle: what income/asset range

The whole concept of income/asset ratios defining car purchases is flawed. As always, consumer purchases require balancing needs and the incremental cost of wants. First Identify your transportation requirements (capacity, efficiency, safety, features, number of years/miles of ownership) this is wha...
by hand
Mon Jul 29, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Too good to be true; what am I missing?
Replies: 19
Views: 4877

Re: Too good to be true; what am I missing?

The loan is callable when loan exceed 1/3 of account value. As per my reading, there are no additional fees OK, so $15k investment with a $5k loan - won't your loan be called on the first down day? Sorry for the necropost, but just thought I'd clarify this. M1 Borrow loans are apparently callable n...
by hand
Thu Jul 25, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Disagreement on Appraisal Contingency
Replies: 81
Views: 3655

Re: First Home Purchase - Disagreement on Appraisal Contingency

Not standard language, but I would not be particularly worried about the appraisal + $25k language assuming 1) I was comfortable in my valuation of the property and 2) I was certain that I could get preferred financing even if appraisal came in low. FYI: The opposing attorney's argument that this sh...
by hand
Fri Jul 19, 2019 1:18 pm
Forum: Personal Consumer Issues
Topic: Garage Organization
Replies: 57
Views: 4745

Re: Garage Organization

Keep things off the floor where possible. Wall control for pegboard works great. https://www.wallcontrol.com/ It's galvanized and magnets work on it as well. All you want to know is here https://www.garagejournal.com/forum/index.php https://cheappegboard.com/ is the discount outlet for wall control...
by hand
Mon Jul 08, 2019 2:36 pm
Forum: Personal Consumer Issues
Topic: Dealer shows trade-in value much higher to avoid sales tax
Replies: 34
Views: 3795

Re: Dealer shows trade-in value much higher to avoid sales tax

Disagree strongly with the advice to ignore - this is likely something done for the dealer's benefit presumably with a cost or risk to either you or the state.
You need to understand what is happening to appropriately protect yourself.
by hand
Mon Jul 08, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Best Practices for longer-term house guests?
Replies: 35
Views: 3563

Re: Best Practices for longer-term house guests?

I've seen this situation handled well with explicit instructions regarding responsibilities of the guests and specifically assigning meals. "We're getting overwhelmend with the volume of visitors - we'd love to have you, but ask that you take responsibility for a group dinner and breakfast while you...
by hand
Sat Jun 29, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: New Landlord Here! Your Top Tips to include in a Lease?
Replies: 52
Views: 4385

Re: New Landlord Here! Your Top Tips to include in a Lease?

Think hard about whether you want to lock your renters into an extended time period (e.g. 1 year lease)... while this may feel like it protects you from vacancy, it can cause two very negative outcomes: 1) a tenant in your property who dosen't want to be there and causes significant damage, 2) your ...
by hand
Mon Jun 24, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 17522

Re: what was your worst major purchase? mine is a 2019 mazda3

A lighthouse! No kidding :oops: Story, please! I was the winning bidder of the Fairport Harbor West Breakwater Lighthouse in Lake County, Ohio. It is located just east of Cleveland on Lake Erie. The government was auctioning off lighthouses that were no longer needed. This was about 8-9 years ago b...
by hand
Mon Jun 24, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: PROBLEM RESOLVED! - Buying new construction inventory home. Seemingly standard feature appears missing. What to do?
Replies: 46
Views: 3643

Re: Buying new construction inventory home. Seemingly standard feature appears missing. What to do?

Thanks RM. Wow, wondering if I should even mention it now given the circumstances. You just finished a discussion with the builder's managemnet where they stressed the importance of keeping to the letter of the contract. Why wouldn't you expect them to follow the contract with regards to the window...
by hand
Mon Jun 24, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: PROBLEM RESOLVED! - Buying new construction inventory home. Seemingly standard feature appears missing. What to do?
Replies: 46
Views: 3643

Re: Buying new construction inventory home. Seemingly standard feature appears missing. What to do?

Thanks for the advice. And great question! From look at the floor plan, it looks like the Window Seat juts out beyond the bedroom wall. It's not flush with the remaining horizontal lines on that side of the house. So wow, that's structural evidently. Never thought about that. But damn, it's everywh...