Search found 2593 matches

by unclescrooge
Fri Nov 16, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11919

Re: Are We In A Real Estate Bubble?

If you lose your job during a recession, interest rates usually decline , and ARMs usually follow. This makes it easier to make your monthly mortgage payment. So I'm unclear why this is an issue. This assumes that the next recession is likely to be disinflationary / deflationary. Ask anyone who liv...
by unclescrooge
Fri Nov 16, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11919

Re: Are We In A Real Estate Bubble?

RobLyons wrote:
Fri Nov 16, 2018 8:50 am
Prices are still climbing around here. Up 10% past year alone.
Where is around here?
by unclescrooge
Fri Nov 16, 2018 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11919

Re: Are We In A Real Estate Bubble?

Are we in another real estate bubble? When i look at the data, the rise in real estate prices appear to be more organic and slower and not as dramatic say last decade. It's the good ole supply and demand. Yet I was at a real estate work shop recently and the brokers hosting it talked about how easy...
by unclescrooge
Fri Nov 16, 2018 10:37 am
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 96
Views: 12584

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Hi everyone, With all the swings up and down recently I am finding that it's too much volatility for me. My portfolio has gone down by $12000 over the past few days. I know people on here say it's a blip on the radar, but when I think about what I have to go through to earn $12k ($12k = two months ...
by unclescrooge
Fri Nov 16, 2018 1:46 am
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11919

Re: Are We In A Real Estate Bubble?

If you lose your job during a recession, interest rates usually decline , and ARMs usually follow. This makes it easier to make your monthly mortgage payment. So I'm unclear why this is an issue. This assumes that the next recession is likely to be disinflationary / deflationary. Ask anyone who liv...
by unclescrooge
Wed Nov 14, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Home addition vs. Buying New
Replies: 39
Views: 2060

Re: Home addition vs. Buying New

Why not consider option #3 - knock down your house and rebuild it? If you are already thinking of spending 350k for an addition, why not spend 550k and get a custom built, new construction house? Especially if you love the lot, neighborhood, etc. ? The only problem with that is I am not sure if I w...
by unclescrooge
Wed Nov 14, 2018 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11919

Re: Are We In A Real Estate Bubble?

In actual fact highly leveraged people are OK *if* they keep their jobs. They only need to sell if they cannot make the payment and/or they need to move. Granted, the prevalence of ARM mortgages makes a difference if interest rates rise. During the abusive sub prime lending era, there were a lot of...
by unclescrooge
Wed Nov 14, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11919

Re: Are We In A Real Estate Bubble?

KJVanguard wrote:
Sun Nov 11, 2018 10:49 pm
I don't know. If there is a bubble I can't really sell my home and live under an overpass till prices have fallen when I can buy rebuy my home for less in a couple years.
Maybe not, but you can sell it to an investor and rent it back until it goes into foreclosure :mrgreen:
by unclescrooge
Wed Nov 14, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 107
Views: 11919

Re: Are We In A Real Estate Bubble?

From what I have seen in the northern parts of San Diego county prices are plateauing, they are getting to a point where there aren't enough capable buyers I think. To me it's looks like ~12x the median income starts becoming the upper limit for North County San Diego cities. At least for SFHs. And...
by unclescrooge
Wed Nov 14, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Buying Property - 20 or 25% down?
Replies: 6
Views: 500

Re: Buying Property - 20 or 25% down?

It's not really about whether you like extra debt at ~5%. Rather, it's an EXTRA 5% borrowed, at a rate that's not just a quarter point higher, but much higher, on that incremental amount, because the higher interest rate applies to the entire loan. i.e. In order to borrow an extra $23,000, the init...
by unclescrooge
Wed Nov 14, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone have a bad experience with HDHP?
Replies: 43
Views: 3658

Re: Anyone have a bad experience with HDHP?

I would say that one gotcha can be prescriptions. Under my companies PPO plan prescriptions are like $10 - $30 depending on generic vs name brand. Under the HDHP we pay the FULL cost of the prescription and it counts towards the deductible. This may be a shocker when you fill a prescription and hav...
by unclescrooge
Tue Nov 13, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Can you suggest where to live if work at UCLA
Replies: 40
Views: 3108

Re: Can you suggest where to live if work at UCLA

aquamarine wrote:
Tue Nov 13, 2018 8:14 pm
Thank you so much. I've never been to the area before at all and don't have any friends out there to advise so your advice is really valuable to me and I really appreciate it.
Definitely rent for a year. What is an acceptable commute, what is your budget?
by unclescrooge
Tue Nov 13, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: Can you suggest where to live if work at UCLA
Replies: 40
Views: 3108

Re: Can you suggest where to live if work at UCLA

prad81 wrote:
Tue Nov 13, 2018 2:02 am
I quit my job at UCLA this year as I simply could not stand my nearly 2 hour (30 mile) commute. I lasted about 6 months there. Staying close to the campus is key to having any kind of work-life balance. Lesson learnt.
Where do you live?
by unclescrooge
Tue Nov 13, 2018 5:02 pm
Forum: Investing - Theory, News & General
Topic: General Electric
Replies: 77
Views: 10646

Re: General Electric

sawyer_sully....Time for a contrarian view. My wife recently purchased a chunk of shares when GE tanked after Immelt left. It was her money. But I was curious about her reasoning. You see, my wife is an immigrant (now a citizen), and brings a very different perspective to things that I have come to...
by unclescrooge
Tue Nov 13, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: Planet Fitness etc.,
Replies: 51
Views: 4342

Re: Planet Fitness etc.,

I have a feeling most of them are buying a job from the few numbers I have seen. Have you seen a franchise that isn't like buying a job? I looked at this a few years ago and after a few months of t taking to 30+ owners across 4 different business lines, I gave up. They all seemed to be buying a job...
by unclescrooge
Tue Nov 13, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: Planet Fitness etc.,
Replies: 51
Views: 4342

Re: Planet Fitness etc.,

My PF hardly has any free weights/ dumbbells. Good for cardio workout. Truthfully I rarely go anymore. Mine gives free bagels and donuts. Never quite understood that, I guess for carbs but gee, how about maybe a glass of carrot juice instead. The bagels and pizza only once a month but I never eat t...
by unclescrooge
Mon Nov 12, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Is maxing out Tax defered 401(k) enough?
Replies: 49
Views: 4791

Re: Is maxing out Tax defered 401(k) enough?

Saving 15% of your income for 30 years at 8% return should provide you with 85% of your income for 30 years. I think maxing out 401k should be enough... But for the majority on this board, all gratification must be delayed as long as possible. That's because of unknowns like disability, loss of job,...
by unclescrooge
Mon Nov 12, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Planet Fitness etc.,
Replies: 51
Views: 4342

Re: Planet Fitness etc.,

I have a feeling most of them are buying a job from the few numbers I have seen. Have you seen a franchise that isn't like buying a job? I looked at this a few years ago and after a few months of t taking to 30+ owners across 4 different business lines, I gave up. They all seemed to be buying a job...
by unclescrooge
Sun Nov 11, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: Help Me Buy A New Front Door
Replies: 16
Views: 1191

Re: Help Me Buy A New Front Door

My front entry door is old and very drafty so we decided to purchase to a new door. We never realized what an ordeal this would be. If the only concern is it being drafty, I strongly recommend weather stripping. There is no guarantee the new doir won't be drafty either. Also, putting glass in the d...
by unclescrooge
Sun Nov 11, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Planet Fitness etc.,
Replies: 51
Views: 4342

Re: Planet Fitness etc.,

I have a feeling most of them are buying a job from the few numbers I have seen. Have you seen a franchise that isn't like buying a job? I looked at this a few years ago and after a few months of t taking to 30+ owners across 4 different business lines, I gave up. They all seemed to be buying a job...
by unclescrooge
Sun Nov 11, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Planet Fitness etc.,
Replies: 51
Views: 4342

Re: Planet Fitness etc.,

The local PF is much further than a Y near my home. I used to travel for a high expense premium club, and everything just worked. They used to replace perfectly good and functioning machines BEFORE they break, but the cost was many times PF or the Y. I now pay less than PF for my local Y, hate the ...
by unclescrooge
Sun Nov 11, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: Help Me Buy A New Front Door
Replies: 16
Views: 1191

Re: Help Me Buy A New Front Door

My front entry door is old and very drafty so we decided to purchase to a new door. We never realized what an ordeal this would be. If the only concern is it being drafty, I strongly recommend weather stripping. There is no guarantee the new doir won't be drafty either. Also, putting glass in the d...
by unclescrooge
Sat Nov 10, 2018 1:54 am
Forum: Investing - Theory, News & General
Topic: iShares fee cuts
Replies: 14
Views: 3446

Re: iShares fee cuts

Didn't see an article or a press release anywhere, but it looks like iShares has cut fees on a fair number of funds as of Friday. Ones I've noticed in particular: IXUS (Total International): 11 -> 10 bps MUB & SUB (Muni Bonds): 25 -> 7 bps CSJ/CIU/CRED/CLY (various credit bonds) 15 or 20 bps -> 6 b...
by unclescrooge
Fri Nov 09, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: How to stop junk mail for a deceased person
Replies: 61
Views: 6044

Re: How to stop junk mail for a deceased person

Change the mailing address to the cemetery? :happy I realize there's a missing sarcasm emoticon, but don't think of doing this. Cemeteries have enough problems with vandalism and etc. without getting everyone's junk mail. I've actually thought of spending a dollar and using the online USPS form to ...
by unclescrooge
Fri Nov 09, 2018 2:19 pm
Forum: Personal Consumer Issues
Topic: Should I reject Google drive for privacy/tracking?
Replies: 38
Views: 2993

Re: Should I reject Google drive for privacy/tracking?

There is some value there, like if I buy an airline ticket with a Gmail address, then when the itinerary is received, it shows up on my calendar right away. That's very convenient. So yes, Google knows where I am traveling, but Visa knows too, and they sell my data like crazy. So I use Gmail and Go...
by unclescrooge
Thu Nov 08, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Stock markets not at all time highs
Replies: 19
Views: 2458

Re: Stock markets not at all time highs

Still making my regular contributions/stock purchases... I don't have an "international" allocation. The countries in the left column (in that Tweet) are particularly unappealing. Didn't stop Russia from being the best performing country a few yesterday back. If you ignored the collapsing economy, ...
by unclescrooge
Thu Nov 08, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45443

Re: Whats your number to walk away?

2.5M ( Walked last year) 2.8M start of new year 61/66 y/o 105K in pensions and SS Corp. retiree health insurance @ $224 / month for spouse No Debt LCOL area No kids May be a little off track, but did you ever regret not having kids? We are at 29 and 28 ourselves and we both hate kids (other people'...
by unclescrooge
Thu Nov 08, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2394

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

You could joint a joint MD/MBA program. I know 3 people who did that program. One works half time as a cardiologist and half time as a health care consult for a top consulting company. One works as an anesthesiologist and the last one works for a pharmaceutical company managing their FDA approval pr...
by unclescrooge
Thu Nov 08, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45443

Re: Whats your number to walk away?

From observing my elders I figured out that when you "walk away" from engaging in the work that gave your life meaning you are almost certain to deteriorate. Everyone I watched in the generation above me who retired had grandiose plans. They were going to write books. They were going to do executiv...
by unclescrooge
Thu Nov 08, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45443

Re: Whats your number to walk away?

I had a number... it was $4 million. As I worked towards achieving it my number moved and I wanted $6 million. :shock: I ended up with $5 million at age 36 and retired young two years later :D As a decade has passed with Bogleheads investing strategies in place my portfolio has grown to that modifi...
by unclescrooge
Wed Nov 07, 2018 11:04 pm
Forum: Investing - Theory, News & General
Topic: China Still An Emerging Market?
Replies: 24
Views: 2002

Re: China Still An Emerging Market?

Why is China still considered an Emerging Market country? Isn’t it number 6 in terms of market cap? Above Germany, Switzerland and Australia. At what point does an Emerging economy become classified as developed? And therefore, when would it be added to developed world indices? It's number 2 in ter...
by unclescrooge
Wed Nov 07, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11689

Re: If expenses are low, are some of us over saving?

You didn't need to have low expenses to be over saving. Once I realized how much we'll probably have in retirement, I decided to loosen the purse strings a bit. That does create some internal conflict. For example, when hiring a piano teacher for my daughter, I'm pretty sure I can knock off about 10...
by unclescrooge
Wed Nov 07, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Non-qualified 529 distributions due to scholarships
Replies: 19
Views: 1234

Re: Non-qualified 529 distributions due to scholarships

Yes it's calendar year. So if you have a scholarship for $40K total across four school years, the amount of non-penalty non-qualified distributions available is, year by year, $5k-$10K-$10K-$10K-$5K, because of the semester overlap. If that makes sense. Does the first $5k have to be withdrawn in th...
by unclescrooge
Wed Nov 07, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 43
Views: 5156

Re: How high can House prices go

I would expect sustainable rents, on the extremely high side, to be up to 40% of household incomes, and homes to be selling at up to 15x annual rent. In one state in Australia, "Borrowers in NSW were most at risk, with repayments for the average household taking up 40 per cent of their income" So 4...
by unclescrooge
Wed Nov 07, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 43
Views: 5156

Re: How high can House prices go

What happens if we are not able to make payments? You know your mortgage payment doesn't go up if the house value goes up, right? It sounds like you feel the house will become more expensive if it's value increases. OK, property tax will go up, but not the P&I on the mortgage. ^ hopefully locked in...
by unclescrooge
Wed Nov 07, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Need help! 3 HVAC intstallation quotes
Replies: 21
Views: 1201

Re: Need help! 3 HVAC intstallation quotes

Gardener wrote:
Wed Nov 07, 2018 10:52 am
Thanks, is Lennox superior to Trane? OR vice versa?

I've never heard of Goodman.

Do we get tax credits for getting a new HVAC system?
Hire the most competent installation company.
by unclescrooge
Wed Nov 07, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Best strategy basement mold
Replies: 27
Views: 2288

Re: Best strategy basement mold

I used a dehumidifer to keep my basement mold and mildew free. It had a built in humidistat so it only ran when necessary and generally not at all in the winter. The reason mold is common in basements is that in the summer the basement is usually cooler than outside. So air that infiltrates from ou...
by unclescrooge
Wed Nov 07, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Best strategy basement mold
Replies: 27
Views: 2288

Re: Best strategy basement mold

I used a dehumidifer to keep my basement mold and mildew free. It had a built in humidistat so it only ran when necessary and generally not at all in the winter. The reason mold is common in basements is that in the summer the basement is usually cooler than outside. So air that infiltrates from ou...
by unclescrooge
Tue Nov 06, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: Car buying: New vs. Used IF you keep it for 8+ years paying cash.
Replies: 16
Views: 2391

Re: Car buying: New vs. Used IF you keep it for 8+ years paying cash.

Do the math. It depends on the car. Buy a new Civic Si. Pay $23,000 after bargaining hard. In 8 years, it's worth $12,000. Buy a 3 year old Civic Si. Pay $22,999 after bargaining hard. In 8 years, it's worth $7000. Buy the new Civic (or Wrangler or Tacoma or....) On the other hand..... Buy a new Bu...
by unclescrooge
Tue Nov 06, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 702
Views: 113452

Re: High Earners - What's Your Profession?

Wife (35) is a human resources systems manager. After a short stint in investment banking I (39) ended up at the intersection of good luck and hard work, hitching my wagon to the right star. I work on a small team in an international family office managing investments. Due to bonuses, carry, and op...
by unclescrooge
Tue Nov 06, 2018 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: E. Jones/Vanguard and now Fisher Investments
Replies: 36
Views: 4667

Re: E. Jones/Vanguard and now Fisher Investments

They will charge more than what you're currently paying in their AUM model. They will liquidate everything and put you in stocks. There have been several lawsuits were seniors were inappropriately invested in stock-heavy portfolios resulting in severe losses in market downturns. If you have taxable ...
by unclescrooge
Tue Nov 06, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking lot loan to build house
Replies: 19
Views: 1322

Re: Seeking lot loan to build house

I don't think you can afford this, unless there's more to your finances you aren't sharing.

That being said, loans on raw land are often 10%.

$200k for rural land means you should be getting about 20 acres, if not more?
by unclescrooge
Tue Nov 06, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: Best strategy basement mold
Replies: 27
Views: 2288

Re: Best strategy basement mold

I used a dehumidifer to keep my basement mold and mildew free. It had a built in humidistat so it only ran when necessary and generally not at all in the winter. The reason mold is common in basements is that in the summer the basement is usually cooler than outside. So air that infiltrates from ou...
by unclescrooge
Tue Nov 06, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: Furnace Duct Cleaning-a high profit game?
Replies: 31
Views: 3352

Re: Furnace Duct Cleaning-a high profit game?

Yup, my HVAC tech who just visited made recommendations for 5K worth of work: whole house dehumidifier, duct cleaning, dryer vent cleaning, and an extra return. I won't go for any of it, and am thinking about switching firms due to their pushing unnecessary work. I recently called my HVAC sales per...
by unclescrooge
Tue Nov 06, 2018 5:54 am
Forum: Personal Consumer Issues
Topic: Best strategy basement mold
Replies: 27
Views: 2288

Re: Best strategy basement mold

Based on advice I received in a recent thread, I bought a frigidaire 50 pint dehumidifier for my finished, 700 sq ft walk-out basement in SoCal. That has solved the humidity issues, however it runs continuously and is pretty noisy. The fact that I have tile floors and bare walls doesn't seem to help...
by unclescrooge
Sun Nov 04, 2018 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tax software: online vs download versions
Replies: 15
Views: 1778

Re: Tax software: online vs download versions

Online version has had limited functionality based on my experience. Worth spending the extra bucks.
by unclescrooge
Sun Nov 04, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Name the Top 5 investment books you've read
Replies: 46
Views: 11055

Re: Name the Top 5 investment books you've read

Popular delusions and the madness of crowds - probably the first book on behavioral economics ever written
by unclescrooge
Fri Nov 02, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: RE Newbie: Buying Family Owned Home
Replies: 14
Views: 1060

Re: RE Newbie: Buying Family Owned Home

This is basically a sale. Value is based on sale price and highly subjective. You'll need an escrow company and title insurance, if you're getting a mortgage. Between the escrow and loan officers, they'll tell you what you need. In California we have standardized firms and didn't require a lawyer wh...
by unclescrooge
Thu Nov 01, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11006

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Live in a HCOL area and have a HCOL job, but live a LCOL lifestyle. What I did. It was hell, not because I lived a LCOL lifestyle, but because I hated everything about the area. OTOH, it was quite lucrative with immense opportunities. Now that I've moved and am living in paradise, I see just how de...
by unclescrooge
Thu Nov 01, 2018 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Selling House Directly to Buyer
Replies: 28
Views: 2645

Re: Selling House Directly to Buyer

I sold directly to my old roommate once. It was in California, so standardized paperwork made it simple. I used Chicago title for escrow and title insurance. He had previously lived in the house for 2 years so he skipped on the inspection. I already had a written offer, so I have him a 2% discount. ...