Search found 50 matches

by MMiroir
Tue Jun 30, 2020 3:19 pm
Forum: Personal Consumer Issues
Topic: Seeking input on type of family car to purchase and whether to buy new or used
Replies: 37
Views: 1501

Re: Seeking input on type of family car to purchase and whether to buy new or used

We are a family of four, our kids are 9 months and 7 years old. You may not realize it now, but as your oldest gets older, there is a good chance that one of the parents will end up invited to carpool duty for your kids clubs, teams, etc. In our neighborhood, parents with five passenger vehicles we...
by MMiroir
Thu Jun 25, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Choosing a university/college for my son a future Computer Science Major
Replies: 117
Views: 8933

Re: Choosing a university/college for my son a future Computer Science Major

My son majored in CS and went to the very affordable Portland State University while living at home and took on zero debt. He did two internships, got hired on by one of them right out of school He switched jobs a year ago and at 25, he's working for a cyber security company making 6 figures. In my...
by MMiroir
Tue Jun 23, 2020 6:17 pm
Forum: Personal Consumer Issues
Topic: Made a horrible decision with regards to car. need guidance
Replies: 60
Views: 6212

Re: Made a horrible decision with regards to car. need guidance

thanks for the replies. I am going to need something in the winter anyway so my thinking is I can keep it for a while and in the meantime just get some offers to see if anywhere will give me closer to what I paid. the car is a 2018 Lexus LC500. so its not new. I like the car but if I can get a dece...
by MMiroir
Tue Jun 23, 2020 5:57 pm
Forum: Personal Consumer Issues
Topic: Made a horrible decision with regards to car. need guidance
Replies: 60
Views: 6212

Re: Made a horrible decision with regards to car. need guidance

Unless keeping the car is going to cost a lot more money maintenance wise, I think selling is not a good decision. You have good income and savings so why not just enjoy it. You only have a little bit of buyer's remorse but over time it will go away. Speaking from experience, I purchased a brand ne...
by MMiroir
Tue Jun 23, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 41
Views: 4960

Re: House not apprising to sale price

The realtor we used for our last transaction used to say the only thing more shocking than the number of appraisals that came in to the penny at the contract price was the number that came in 5% less. We sold our last place for a non-round number (I think it was 372,400) and the appraisal from the ...
by MMiroir
Tue Jun 16, 2020 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Car Dealers not really wanting to make a deal
Replies: 245
Views: 36047

Re: Car Dealers not really wanting to make a deal

Not our experience having almost certainly purchased an automobile today. Lots are less filled than usual and dealers are apparently not wanting excessive inventory. Reports we heard, though you have to decide whether you believe dealers, is that inventory is dropping and selection will be even les...
by MMiroir
Mon Jun 15, 2020 4:16 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24534

Re: What fun car should I get in the $150k - $200k range?

A 12C engine will still cost more than a new Toyota as will the dual clutch transmission. According to Hoovie, the engine replacement on the 12C cost $70,000, and the transmission replacement will cost $30,000. https://www.autotrader.com/car-video/video-heres-everything-s-broken-my-mclaren-over-pas...
by MMiroir
Mon Jun 15, 2020 2:15 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24534

Re: What fun car should I get in the $150k - $200k range?

Finding htis late.. but are you SURE that you really want a car that cost as much as some houses? Dieheard car guys (I am one) could tell you in their sleep what car they would buy if they had such a budget. No deliberation required. The fact that you need suggestions suggests to me that you are no...
by MMiroir
Thu Jun 11, 2020 9:24 am
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24534

Re: What fun car should I get in the $150k - $200k range?

ad2007 wrote:
Thu Jun 11, 2020 7:50 am
Why are you spending that much on a hi-perf car to do bagel runs? You're kidding right?
Among certain car enthusiasts, using a performance car for a bagel run is a meme.
by MMiroir
Wed Jun 10, 2020 3:31 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24534

Re: What fun car should I get in the $150k - $200k range?

I'm kind of jaded, but Ferrari 488, 458, Lambo Hurricans, McLaren 570/650, Porsche GT3/Turbo are kind of a dime a dozen around here. You can go to cars and coffee and literally see a half a dozen lined up in a row. Great cars, but you would need something a lot more rare to make me do a double take...
by MMiroir
Tue Jun 09, 2020 2:29 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24534

Re: What fun car should I get in the $150k - $200k range?

Are there car clubs for exotics the way there are for Porsche (PCA) and BMW (BMW CCA)? Yes there are. PCA, requires you own a Porsche. BMW CCA does not require any BMW ownership. I was the local chapter VP and activities director for a year and show director for Oktoberfest that year (national even...
by MMiroir
Tue Jun 09, 2020 1:12 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24534

Re: What fun car should I get in the $150k - $200k range?

After reading the thread, it is pretty clear that the OP can comfortably afford the car. When I was the OP's age, I was in a similar position and bought a newish Italian sports car. The car only lasted for only six months before we fortunately find someone to take it off our hands at a minimal loss....
by MMiroir
Tue Jun 09, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 446
Views: 24534

Re: What fun car should I get in the $150k - $200k range?

If driving experience is your priority and you might consider track time, then get a Porsche. My pick would be a Cayman GT4 for a mid-engine layout and outstanding chassis. In reality, I would pick a 911 for the AWD system. I wouldn't get a Cayman GT4 or 911 for a track car unless you already have ...
by MMiroir
Fri Jun 05, 2020 9:46 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 67
Views: 4512

Re: New Tires or New Car?

Is the statement about one tire messing up the transmission of an AWD car for all cars or just for Land Rover? My dad has an Acura RL, one tire blew up, the others were around 8/12s so he just got a used tire with similar amount of thread, and has driven over 30k miles on it since then and no issue...
by MMiroir
Thu Jun 04, 2020 4:44 pm
Forum: Personal Investments
Topic: Vanguard vs. Fidelity
Replies: 123
Views: 9452

Re: Vanguard vs. Fidelity

We decided on Fidelity because they have an office 5 minutes away, while Vanguard does not have any offices. The ability to meet someone in person, especially when setting up investment accounts for our kids, was helpful.
by MMiroir
Wed Jun 03, 2020 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

I agree that SAT scores are not everything and getting a high score does not guarantee you anything. If anything, low scores will ding you. Nevertheless, here are the numbers for some of the PCSVPSes. The numbers are lower, but still pretty good considering that these schools are "free" and open en...
by MMiroir
Wed Jun 03, 2020 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Many posts in this thread advocate that there is little difference between sending a kid to the local average public and a private with higher test scores as the kid will perform basically the same no matter where they go to school. It gets back to the nature vs nurture debate. There are a small pe...
by MMiroir
Thu May 28, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Average scores tells nothing about a school except what the average does. For example a school in a neighborhood where families don’t care about education might have poor average scores, but for 5-10% of students who give a damn, they may have top notch programs and teachers for those kids. Unless ...
by MMiroir
Thu May 28, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

If I had more time on my hands I would post a chart of median home value (from Zillow) vs. GreatSchools score for various metro areas in the US. Maybe someone can beat me to it? See the above NYTimes link which charts elementary school performance with average income levels. Those are good proxies ...
by MMiroir
Thu May 28, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Other than policy tournaments for the debate team and teaching multiplication before the third grade, is there any consensus on what a good school is? Ha! Good luck defining "good school" and "middle class" on Bogleheads. A couple of years ago, the New York Times published a story called Money, Rac...
by MMiroir
Wed May 27, 2020 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Identifying buy/sell opportunities in housing
Replies: 3
Views: 397

Re: Identifying buy/sell opportunities in housing

On a microlevel, sites like Zillow, Redfin and Trulia have home value estimators. These pull data from the county assessor and MLS records and run it through a rather sophisticated multiple regression. If a home is priced well below the estimates from the sites, it could mean the house is a buying o...
by MMiroir
Wed May 27, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

This is exactly how I think. If I had to make the choice of dropping $20k a year for the next 10 years vs buying a house for $200k more in a good public school district, I would choose the more expensive house each and every time. I would even consider spending more than $200k. I figure if I am pay...
by MMiroir
Wed May 27, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Despite equal per capita funding, and the same student to teacher ratio, the wealthier high school average is about one standard deviation above the poor high school. Doesn't this go to show differences in school performance can be attributed to demographics and parental income? It could. It could ...
by MMiroir
Wed May 27, 2020 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

I also don't believe that top 10 schools define long term success either. It's more about the intelligence and drive of the individual. I totally agree. However, kids tend to follow their peers, so if your kid's peers are primarily interested in academics, there is a better chance that your kid wil...
by MMiroir
Tue May 26, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

I completely agree with the idea that the entourage is very important (maybe most important). This is why I think the "diversity" idea is very damaging for kids with potential. You want the best, not the best. Unlike stocks, kids are much easier to rank. But what guarantees that private school has ...
by MMiroir
Tue May 26, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18213

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Move to a neighborhood with good public schools? You can obviously afford that. I don't understand why so many incredibly high-income boglehead parents seem to own houses in places where the public schools are poor. Are they not researching school districts when buying their home? Or is their stand...
by MMiroir
Mon May 25, 2020 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice for undertaking a PhD
Replies: 47
Views: 3158

Re: Financial advice for undertaking a PhD

There are too many unanswered questions here for me to give good advice, e.g., your field, whether you will seek an academy, business (or other) position, whether this will be a US degree, private or public, etc. There's far more involved here than just the financial considerations (which seem to b...
by MMiroir
Mon May 25, 2020 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 67
Views: 4512

Re: New Tires or New Car?

One single tire on 2013 68k mileage AWD vehicle has to be replaced, so really all 4 tires have to be replaced bc it is AWD. Estimated cost $1000-$1200? Tires have 7/32" tread, so maybe about 3 years of life left (don't drive it much). The tires need to be replaced for sure because the car is not sa...
by MMiroir
Fri May 22, 2020 1:06 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 32
Views: 5143

Re: What to do with cash?

1994 Toyota Supra. It was going to be a weekend car. It takes months and possibly years to find a good one at the right price.. so now I can't foresee when I would have another opportunity but for now I still have 48k in the bank. A 94 Supra will continue to appreciate for another decade at least. ...
by MMiroir
Tue May 19, 2020 10:46 am
Forum: Personal Consumer Issues
Topic: VW and Audi 0% APR - to buy or not?
Replies: 46
Views: 2792

Re: VW and Audi 0% APR - to buy or not?

What rules do you use when purchasing a new car? We don't have any hard fast financial ratios when buying a car, but we have the following rules in order to keep total ownership costs as low as possible: 1 - Our families car buying strategy has been to buy a new car every five years. For the first ...
by MMiroir
Mon May 18, 2020 10:56 pm
Forum: Personal Consumer Issues
Topic: VW and Audi 0% APR - to buy or not?
Replies: 46
Views: 2792

Re: VW and Audi 0% APR - to buy or not?

abracadabra11 wrote:
Mon May 18, 2020 10:33 pm
Oh come on, the engine has plenty of character - just ask the soundaktor.
:D

Also, if the OP is interested in buying a new VW, there is a $500 rebate for being a member of the SCCA. SCCA membership is $70, so it is a good ROI.
by MMiroir
Mon May 18, 2020 10:28 pm
Forum: Personal Consumer Issues
Topic: VW and Audi 0% APR - to buy or not?
Replies: 46
Views: 2792

Re: VW and Audi 0% APR - to buy or not?

I realize I didn't say which vehicles I am interested in. I enjoy driving so something that is enjoyable to drive would be nice. Golf R is high on the list and high in price. A GTI is probably plenty of fun, but still somewhat expensive. The Alltrack can be had fairly inexpensively and I hear they ...
by MMiroir
Sat May 16, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Invest or pay down mortgage
Replies: 7
Views: 767

Re: Invest or pay down mortgage

We had the same dilemma about a decade ago, and decided to pay down our mortgage significantly. In hindsight, it was clearly the wrong choice as we would have gotten a much better return if we had invested the mortgage paydown in an index fund. In fact, a friend of mine who bought a new house mentio...
by MMiroir
Fri May 15, 2020 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: 529 vs reducing FAFSA assets
Replies: 15
Views: 975

Re: 529 vs reducing FAFSA assets

Income is hit much harder on FAFSA than assets, and you're going to have to add back in all that money you stuck into tax-preferred space as untaxed income when they calculate financial aid. While I think sheltering as much of your assets as you can is a good idea, if you're making 150K/year you're...
by MMiroir
Fri May 15, 2020 3:17 pm
Forum: Personal Consumer Issues
Topic: "Fancy" drip/pour-over coffee makers
Replies: 54
Views: 3271

Re: "Fancy" drip/pour-over coffee makers

I don't drink coffee, but my spouse got a Technivorm Moccamaster as a present and likes it. I picked it out because it is made in the Netherlands, and is one of the few coffeemakers in that price range is not produced in a communist country.
by MMiroir
Fri May 15, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: 529 vs reducing FAFSA assets
Replies: 15
Views: 975

Re: 529 vs reducing FAFSA assets

I think the general advice on 529 plans, and what we did, was to max out all other tax-advantaged accounts (401k, IRA/Roth, HSA, etc.) before vontributing to 529. This is good advice. The OP is 10 years out before college hits, so they probably don't know what kind of schools their kids will be int...
by MMiroir
Tue May 12, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Appraiser is asking for more money in the middle of refinance process, legal?
Replies: 36
Views: 3342

Re: Appraiser is asking for more money in the middle of refinance process, legal?

The "appraisal fee" that you are charged covers three items: 1) The fee paid to the appraiser 2) the fee paid to the appraisal manager to procure the appraisal and manage delivery 3) the fee to review the appraisal. Banks may hire third parties to do any of these functions, or they may do some or al...
by MMiroir
Mon May 11, 2020 4:47 pm
Forum: Personal Consumer Issues
Topic: Buying a used Jaguar
Replies: 40
Views: 2591

Re: Buying a used Jaguar

The concerns about modern Jaguar reliability are overblown. I bought a lightly used but heavily depreciated XJ five years ago, and it has been a very reliable vehicle which is much more rewarding to drive than the new Honda or Toyota that would have been purchased on the same budget.
by MMiroir
Thu May 07, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Sibling's Undergrad or Refinance Parent's Mortgage
Replies: 52
Views: 3303

Re: Pay Sibling's Undergrad or Refinance Parent's Mortgage

CSS is much more difficult to strategize for than FAFSA, it gets into areas that FAFSA does not consider. So, simply using a large cash sum to pay down the mortgage might not help. You might need to research how much home equity counts against the financial aid. There are other options, though. The...
by MMiroir
Thu May 07, 2020 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Sibling's Undergrad or Refinance Parent's Mortgage
Replies: 52
Views: 3303

Re: Pay Sibling's Undergrad or Refinance Parent's Mortgage

First, congratulations on your financial position, and on being willing to help out your brother. The vast majority of people would not be in your financial position, and most of them would not offer to help your sibling the way you are. Some things to consider. 1 - The following is a link to Michig...
by MMiroir
Thu May 07, 2020 11:16 am
Forum: Personal Consumer Issues
Topic: New Brake Pads
Replies: 87
Views: 4218

Re: New Brake Pads

I was involved in testing brake rotors on the racetrack with a group of other guys in various cars. We found that the absolute cheapest rotors worked as well as or better than the high priced stuff. The difference seemed to be whether or not you wanted to pay for their expensive marketing campaigns...
by MMiroir
Thu Apr 23, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4498

Re: Advice on buying a weekend car

Huh, my Elise costs me $420/yr to insure. Clean record and only driving it about 2k miles/yr though. The $2,000 annual cost was on our main policy after my oldest kid got a drivers license. Also, since we use our cars for business, our clients require us to have very high bodily injury and property...
by MMiroir
Tue Apr 21, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on buying a weekend car [UPDATE]
Replies: 90
Views: 4498

Re: Advice on buying a weekend car

Harry Metcalf has a good video out on picking up a weekend car. Basically, his advice is to buy the vehicle that you envision using the most in ways that you enjoy. https://www.youtube.com/watch?v=4epQvqkmvBk Some general thoughts. 1 - A big cost to consider will be insurance. I had a Lotus Exige fo...
by MMiroir
Tue Apr 14, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14051

Re: How many paid for kids' college?

The deal with our kids is that we would pay for our in-state public. If they wanted to go someplace else, they would have fund it with scholarships or loans, but we would not pay significantly more than the flagship, which is a very good school. The only exception would be the so-called HYPSM school...
by MMiroir
Sun Apr 05, 2020 11:03 am
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7910

Re: College choice dilemma

This assumption that Princeton students are much, much smarter than Vanderbilt students is a total myth. From the CDS data, the 25th percentile in SAT math at Princeton was 730, which is in fact 20 points lower than Vanderbilt's 750. The idea that a mediocre student at Princeton would be a top stud...
by MMiroir
Sat Apr 04, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: is a $1000+ herman miller office chair worth the investment?
Replies: 37
Views: 2937

Re: is a $1000+ herman miller office chair worth the investment?

I bought my first Aeron in the 1990's, and have used it ever since. About five years ago, I added a standing desk to my home office and got an Aeron stool. They both work great.

You can find internet retailers that sell new chairs for less than $500.
by MMiroir
Sat Apr 04, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7910

Re: College choice dilemma

The named scholars at Vanderbilt have to maintain a cumulative GPA of 3.0. With grade inflation, the current average GPA at Vanderbilt is a 3.5. Some engineering programs do weed aggressively, but Vanderbilt is not one of them. If you look at the ASEE enrollment data, total enrollment in the college...
by MMiroir
Sat Apr 04, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7910

Re: College choice dilemma

We had a similar dilemma two year ago when our oldest was full pay at a HYPSM, or a full tuition scholarship at Vanderbilt (and a variety of other schools). She went to the HYPSM. We have the same dilemma now when our second has a similar choice at a HYPSM, and a full tuition scholarship at Vanderbi...
by MMiroir
Thu Apr 02, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 7910

Re: College choice dilemma

If Dale and Kruger are quoted, their follow up study in 2011 should be referenced. We find that the return to college selectivity is sizeable for both cohorts in regression models that control for variables commonly observed by researchers, such as student high school GPA and SAT scores. However, wh...
by MMiroir
Sun Mar 29, 2020 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: College Expenses
Replies: 234
Views: 14696

Re: College Expenses

I paid the full "advertised rate" at Harvard for my daughter. My son attended Vanderbilt University on full tuition scholarship (merit based). I only paid for room and board. This turned out to be cheaper than the instate premier school. Maybe you can help us out with a decision. My daughter was ju...