Search found 332 matches

by playtothebeat
Sat Jan 25, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: What did you do cool with your money today?
Replies: 104
Views: 7631

Re: What did you do cool with your money today?

Took my kid to get some ice cream!
by playtothebeat
Fri Jan 24, 2020 11:01 pm
Forum: Personal Consumer Issues
Topic: Volvo XC90 T8 2016-18
Replies: 16
Views: 1548

Re: Volvo XC90 T8 2016-18

I’m intrigued by the XC90 a lot as well. Currently have a 2018 outback which has had four electrical issues in under 22k miles, so I’m somewhat discouraged. Love the idea of the Volvo but maintenance cost on a luxury SUV scare me. We have a 5 series BMW as well and I imagine a Volvo SUV will be more...
by playtothebeat
Fri Jan 24, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: How to negotiate a severance
Replies: 61
Views: 4560

Re: How to negotiate a severance

Seems you have two separate things here: one is the group-wide layoffs and severance (probably a formula based on tenure, etc), and the other is what you believe to be a viable lawsuit based on discrimination/hostile work environment/etc. The two are not related and should be treated separately. See...
by playtothebeat
Thu Jan 23, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Career Thoughts - Taking a large pay cut
Replies: 39
Views: 3124

Re: Career Thoughts - Taking a large pay cut

I thought you'd say the pay would go from like $250k to $100k..
you're going down by $60k, which obviously is a decent chunk but you need to run the numbers - will you be in a lower tax bracket, lower mortgage payment, low (or no) state tax, etc? the real difference may be far lower than you think.
by playtothebeat
Wed Jan 22, 2020 12:24 am
Forum: Personal Finance (Not Investing)
Topic: How much money can I spend on a car?
Replies: 47
Views: 2900

Re: How much money can I spend on a car?

A few months ago you wrote that you “need very little - a decent place in a safe neighborhood, decent car like a Honda would do”.
That’s an expensive Honda.
by playtothebeat
Tue Jan 07, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Living in a HCOL and making a middle class salary is a struggle
Replies: 340
Views: 18112

Re: Living in a HCOL and making a middle class salary is a struggle

You are what i call a HENRY - High Earner Not Rich Yet. Unless you have substantial student loans or other debt/obligations you can not eliminate (for instance, medical expenses or something similar), you can certainly afford a $600k or higher house. I understand what you're saying, but I'm not sure...
by playtothebeat
Mon Jan 06, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Millennial Looking for Creative Alternatives for Loan/Mortgage
Replies: 77
Views: 5065

Re: Millennial Looking for Creative Alternatives for Loan/Mortgage

Rather than focusing on the mortgage aspect, focus on the home buying where you can certainly find ways to satisfy your needs. For instance, rather than buying from a national home builder (presuming you’re buying new construction), but from a local builder. When hiring contractors for renovations, ...
by playtothebeat
Mon Nov 25, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: We have a prenup, now buying a house.
Replies: 117
Views: 7431

Re: We have a prenup, now buying a house.

But it through an irrevocable trust established for the benefit of your child(ren).
That way neither you nor wife benefit from appreciation, etc, but your children do.

Consult with an attorney and accountant first, of course.
by playtothebeat
Sat Aug 31, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5541

Re: Any Happy DVC owners here?

I would just book through Dvcrequest.com. I’ve done it a few times for Aulani and had an excellent experience.
You can book on a much shorter notice.
by playtothebeat
Sun Aug 18, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Go for new job (more pay but travel) or stay?
Replies: 65
Views: 4158

Re: Go for new job (more pay but travel) or stay?

No way. way too much travel and away from kids. You’re in LA, I assume flying out of LAX? That alone is a hard No for me! Or Burbank/Long beach? At $160k today, with a small 3% bump you’ll be at 165 at the end of the year. That gap looks smaller and smaller. If they paid you $50k extra I guess I’d t...
by playtothebeat
Sun Aug 11, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: How should my Spouse and I handle a $300,000 Settlement?
Replies: 119
Views: 7522

Re: How should my Spouse and I handle a $300,000 Settlement?

I think first and foremost you and your spouse need to be on the same page with respect to finances.
We all suggest paying off the high interest car loan first, but if your spouse doesn’t want to do that, I’m not sure you’ll be able to convince her/him.
Get on the same page with long term goals..
by playtothebeat
Sun Aug 11, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: I really do not like using credit cards. Do any of you have a good credit score with no credit cards?
Replies: 247
Views: 7421

Re: Does anyone here have no credit cards? How is that working out for you? Do you have any trouble without them?

I’m the opposite of the poster. I put everything on a CC for rewards, and only carry one debit card which is not linked to our main account but rather a secondary account with very limited cash (but a bank which reimburses all third party ATM fees)
by playtothebeat
Sun Aug 11, 2019 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: What am I missing about HELOCs?
Replies: 31
Views: 3274

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 t...
by playtothebeat
Sat Aug 10, 2019 8:53 am
Forum: Personal Consumer Issues
Topic: Healthy fast food
Replies: 152
Views: 11337

Re: Healthy fast food

A good ol’ Fashioned PBJ sandwich!!
Cheap and a good mix of carbs, protein, and sugar. If you use quality peanut butter (should have one ingredient: peanuts!)

A lot of grocery stores now have an ahi poke station which I’m a big fan of.
by playtothebeat
Wed Jul 31, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Does the cost of children actually go down once the daycare comes off the books?
Replies: 35
Views: 1999

Re: Does the cost of children actually go down once the daycare comes off the books?

Going through the same myself starting this month, but I would say “it depends”. Is your kid going to be active in after school programs, sports, etc? If he/she is doing club sports, those aren’t cheap even at the young age! Our kindergarten here is only 3 hours a day, so we’ll be paying for before ...
by playtothebeat
Mon Jul 22, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house - bay area
Replies: 102
Views: 6898

Re: Buying a house - bay area

If house prices drop, the bank is very likely to ask you to make an additional payment to keep your equity level at least at 20%, regardless of what type of loan you get. For example, if property prices drop 10%, it wipes out 250K of your downpayment, and now the bank will want you to pay something...
by playtothebeat
Mon Jul 08, 2019 10:30 pm
Forum: Personal Consumer Issues
Topic: New budget SUV vs used luxury SUV
Replies: 27
Views: 3117

Re: New budget SUV vs used luxury SUV

I’d certainly consider Acura a luxury (low-tier). Lexus IS a mid tier. Audi, BMW etc top tier.
by playtothebeat
Mon Jul 08, 2019 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Sign up bonuses
Replies: 16
Views: 1752

Re: Credit Card Sign up bonuses

Seems there’s a plethora of these threads on BH recently.

Doctorofcredit and Reddit are your best bet.
FYI I believe southwest points can be exchanged 1:1 for amazon gift cards, which is as good as cash. So perhaps get those if you haven’t.
by playtothebeat
Wed Jul 03, 2019 9:21 am
Forum: Personal Consumer Issues
Topic: Parents got ripped off, what can I do about it?
Replies: 75
Views: 7316

Re: Parents got ripped off, what can I do about it?

Ripped off? Let’s say they paid an extra 100 or 200 if you think the “market price” is lower. Fine. You say you just arrived home for the holiday. Presumably your parents wanted to make sure they had a functioning kitchen before the family comes for the long weekend. And they didn’t want you to have...
by playtothebeat
Thu Jun 27, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Taking out a loan to build a commercial building
Replies: 27
Views: 1927

Re: Taking out a loan to build a commercial building

Commercial real estate lender here.. You’re talking about an owner-user deal, which underwriting is usually dependent on the business itself (you’re a startup, so nothing there) and strength of the repayment guaranty. However If you’re talking about a special-purpose property which is unique and not...
by playtothebeat
Mon Jun 24, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Are 529 contributions tax deductible in California?
Replies: 9
Views: 1105

Re: Are 529 contributions tax deductible in California?

No tax benefit from CA state. We went with Utah's 529 since they had low cost fund options. Have been happy so far. I don't know why you would just use CA's ScholarShare529. It has the lowest costs of any nationwide available plan. Utah used to be one of the lowest cost nationwide available plans, ...
by playtothebeat
Fri Jun 21, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Vegas - Any Kid friendly inexpensive shows ?
Replies: 17
Views: 2007

Re: Vegas - Any Kid friendly in-expesive shows ?

Knights hockey game!! Or Aviators baseball game (in summerlin) if you’re a sports family.
by playtothebeat
Fri Jun 21, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Where to go to finance equipment
Replies: 4
Views: 643

Re: Where to go to finance equipment

Most/many big banks as well as regional banks have equipment financing arms. Wells does or at least did unless they sold it, which i haven't heard (i think it's called something like WFEFI - "Wells Fargo Equipment Finance").
by playtothebeat
Wed Jun 19, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to get out of daycare 6 week notice?
Replies: 32
Views: 3003

Re: Any way to get out of daycare 6 week notice?

I’m on a board of directors for a daycare/preschool center in my city. The 4-6 week notice is necessary for the center to reduce the vacancy and loss of revenue while finding a replacement. While the waiting list may be long, it’s not as simple as you think to simply fill a spot. Odds are many of th...
by playtothebeat
Wed Jun 19, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83256

Re: Why are you NOT buying rental properties?

Based on your prior posts, you’ve been investing in RE for about 3 years, give or take. You’ve lived through the best market/economy the country has (arguably) ever seen. Congrats :). It’s not always so rosy. I started working in commercial real estate in 2007 and then went through the depth of the ...
by playtothebeat
Wed Jun 19, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83256

Re: Why are you NOT buying rental properties?

OP, how long have you been investing in RE, if you don't mind me asking?

Also, could you post specific #s behind your investments as it'd be curious to see how the math shakes out on your end.
by playtothebeat
Tue Jun 18, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83256

Re: Why are you NOT buying rental properties?

Buy a good property at below market price in an up and coming neighborhood and you don’t have to worry about a measly 10-20% rent. OP, i'm curious about your "below market price" statement. Are you buying individual homes which are for sale in the public market? if so, i don't know that you're buyi...
by playtothebeat
Sun Jun 16, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Partnership advice for new business?
Replies: 9
Views: 646

Re: Partnership advice for new business?

Form an LLC. Work with a good attorney.

You’ll likely want to consider which decisions can be done by just one of you, as opposed to requiring both to agree. also consider if you will have any Pref returns to one or the other, or is this a true 50/50.
by playtothebeat
Fri Jun 14, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83256

Re: Why are you NOT buying rental properties?

This is no different of a question than someone asking "Why aren't you selling things on ebay?" or "why don't you own a Subway franchise?". Some people will swear by their approach. Others prefer to just stick to the market and keep things simple. Neither is correct, but works for those individual p...
by playtothebeat
Thu Jun 13, 2019 9:11 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 12349

Re: Retired at 35 and have no friends :(

My friend retired in early 30s after running a very successful business which stopped virtually overnight due to regulatory changes. But he’s married and has a young kid which keeps him very busy, plus during his “retirement” he is still pursuing investment and business opportunities. I don’t think ...
by playtothebeat
Tue Jun 11, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Best Laptop/Surface Pro - $1,000 +/-
Replies: 14
Views: 1065

Re: Best Laptop/Surface Pro - $1,000 +/-

For those with the XPS, do you find it runs hot/loud? I’ve read numerous reviews suggesting that.
I’m in the market for a laptop for around-the-house use but also do some photo editing in Lightroom
by playtothebeat
Mon Jun 10, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1671

Re: How to get good at a racket sport without coaching?

I remember Federer saying that when he first started playing at a competitive level, he had a weak backhand. Rather than working on it at practice, he focused instead on honing his incredible forehand, knowing that better players will hit to his backhand in matches thus forcing him to hit more backh...
by playtothebeat
Sun Jun 09, 2019 10:41 am
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 6108

Re: How are your 30s financially different than your late 20s?

Besides that I am going to start spending more time on myself. Personal development and physical fitness. I think at this stage of the game your realize that no one is going to take care of you except yourself. You need to make time for yourself and say no sometimes. Use your vacation time. Work li...
by playtothebeat
Sat Jun 08, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2220

Re: How to start outsourcing?

How many hours a week do you work? Based on your salary i assume you’re in some sort of professional field, whether banking, legal, etc.
wake up early to work out.
Spend 10 minutes before bed to clean the apartment.
by playtothebeat
Wed Jun 05, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refinance -- Advice Sought
Replies: 7
Views: 567

Re: Mortgage Refinance -- Advice Sought

Personally I’d take the lower rate. Closing costs don’t seem overly high (I haven’t ran the numbers, sounds like you have). I thought closing costs (or certain ones anyways) are also deductible on taxes so that’s something to consider too if in fact that’s the case
by playtothebeat
Wed Jun 05, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Help with Mortgage Refinancing
Replies: 14
Views: 962

Re: Help with Mortgage Refinancing

Get more quotes. Here’s how I found my last mortgage: go to Zillow.com forums and post your situation. You’ll have mortgage brokers reaching out to you. You can do the same through LendingTree and similar sites but I hear those require a phone # and you get endless calls. I preferred dealing via ema...
by playtothebeat
Sat Jun 01, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: 4 Day plan to LA..Suggestions
Replies: 22
Views: 1193

Re: 4 Day plan to LA..Suggestions

Hi, I have kids ages 10 and 7 and planning for 4 day driving trip to LA. Day 1 - Universal Studio Day 2 - Disneyland Day 3 - Hollywood Walk of fame/Hollywood sign - What else could I cover this day as this should be done within couple of hours? Any nearby place, we can go? Day 4 : Santa Monica Pier...
by playtothebeat
Sat Jun 01, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: First time home buyer in Manhattan, is it better to take mortgage or pay cash and any other tips or suggestions?
Replies: 7
Views: 905

Re: First time home buyer in Manhattan, is it better to take mortgage or pay cash and any other tips or suggestions?

A year ago you were in LA and not getting an MBA. looks like you’re about done with one now? What school? 12 months seems like an awfully short time for an MBA.

Why buy rather than rent? You’ve said many times in your prior posts that you don’t like big purchases and prefer flexibility.
by playtothebeat
Thu May 30, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 28981

Re: Can I afford this 2.3 million dollar home?

dayzero wrote:
Thu May 30, 2019 1:18 pm
DanMahowny wrote:
Thu May 30, 2019 1:12 pm
What about the young child growing up in a $2.3 million dollar home?

How will they feel about living their adult years in a $250k home when it comes time to get their own house?
Those could literally be the same house in two different locations.
This.
by playtothebeat
Thu May 30, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 28981

Re: Can I afford this 2.3 million dollar home?

In terms of affordability - your income suggests that yes, you can. Just keep in mind, as everyone said, that expensive house = expensive upkeep, and you're obviously well aware of that. And, as you suggested, just pay the loan off quickly (or perhaps just put the "Excess" into a taxable account, si...
by playtothebeat
Wed May 29, 2019 9:45 pm
Forum: Personal Consumer Issues
Topic: Recommend under-cabinet range hood?
Replies: 20
Views: 957

Re: Recommend under-cabinet range hood?

Another vote for Zephyr. I can’t recall my exact model.. it’s 650cfm, but honestly we usually don’t use it past about the second of six settings. Unless you’re stir frying on all four burners, you’ll probably do the same. Make sure your ducting can handle the full load, however. Chdck the manual for...
by playtothebeat
Wed May 29, 2019 7:58 pm
Forum: Personal Consumer Issues
Topic: Group Ownership of a Car (partnership)
Replies: 20
Views: 1582

Re: Group Ownership of a Car (partnership)

All partners can be held jointly and severally personally liable for debts of the partnership. Dm200 pointed this out. Gill This is an LP, a Limited Partnership. The limited partners aren't responsible for the debts of the partnership. I believe that’s right. Who is the GP? The GP is liable. I assu...
by playtothebeat
Wed May 22, 2019 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan - Checking with multiple lenders
Replies: 8
Views: 438

Re: Home Loan - Checking with multiple lenders

Lenders know that when shopping for a home mortgage you'll likely have multiple inquiries, and they don't use it against you. That's my understanding (as explained by various mortgage brokers and lenders over the years, though maybe it was all part of their sales pitch!) Many examine your credit sc...
by playtothebeat
Wed May 22, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Home Loan - Checking with multiple lenders
Replies: 8
Views: 438

Re: Home Loan - Checking with multiple lenders

Lenders know that when shopping for a home mortgage you'll likely have multiple inquiries, and they don't use it against you. That's my understanding (as explained by various mortgage brokers and lenders over the years, though maybe it was all part of their sales pitch!)
by playtothebeat
Sun May 12, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: Camera Lens Recommendation - 50-250MM
Replies: 12
Views: 817

Re: Camera Lens Recommendation - 50-250MM

Look at Tamron 70-210. A bit more than your price range but Tamrons are well built.
by playtothebeat
Sat May 11, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Question on Capital One $450 bonus offer
Replies: 12
Views: 1429

Re: Question on Capital One $450 bonus offer

$200 for 10k balance is much better return. If you’re hungry for the bonuses and returns, do that plus Discover which if I recall is offering $150 for 15k (but doesn’t require that money to actually stick with them; their interest is also 2% if I’m not mistaken)
by playtothebeat
Fri May 10, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Vacant Lake Lot. Sell or Hold?
Replies: 54
Views: 3309

Re: Vacant Lake Lot. Sell or Hold?

No one asked yet, but is the annual carrying cost a material item to you? I understand you said you cringe when you have to write that check, but is that because financially it is a big expense or simply because you’re writing a check for something you aren’t getting use out of? If money isn’t a con...
by playtothebeat
Thu May 09, 2019 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 323
Views: 43117

Re: Relationship mortgage discounts for moving a million assets

Depending on where you’re located, you likely have banks in the area which cater to high net worth individuals. These will usually be your best bets for getting good personalized service and discounts for having assets with them. Here in Southern California that’s the likes of First Republic, City N...
by playtothebeat
Tue May 07, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 8701

Re: Walk away from my auto lease?

boglerocks wrote:
Tue May 07, 2019 6:09 pm
Does insurance typically (ever?) cover mechanical breakdowns?
Call your insurance provider.
by playtothebeat
Tue May 07, 2019 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 8701

Re: Walk away from my auto lease?

This is turning into a circular discussion.

I don’t understand why (1) the auto maker is saying a transmission is not covered under warranty in the first 5k miles and (2) why your insurance isn’t covering the damage if that’s in fact the case.