Search found 2246 matches

by adamthesmythe
Fri Oct 12, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Keep a backup hot water heater?
Replies: 97
Views: 4675

Re: Keep a backup hot water heater?

You could plumb it in next to the old one with cutoff valves. Then the down time in the event of failure could be just a few minutes.
by adamthesmythe
Fri Oct 12, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3043

Re: Home Purchase - Sellers Request Help with Repairs

It really depends on how bad you want the house and if the sellers will be able to close if you don't pay up. Everyone loves to say "walk away" when people post about any problems with a house or say that this is a sure sign the sellers have done zero maintenance and the house is probably held up b...
by adamthesmythe
Thu Oct 11, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Route-66 trip recommendations
Replies: 38
Views: 1805

Re: Route-66 trip recommendations

22twain - Yes they are looking for a travel-agency of some sort that can organize a trip or even a bus trip. I would really recommend against a bus trip. The whole point of route 66 is to drive it and stop for stuff that interests you. > The Northeast is very pretty. I've lived in the northeast. It...
by adamthesmythe
Thu Oct 11, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Consultant Advice: Commission - What to watch out for
Replies: 11
Views: 907

Re: Consultant Advice: Commission - What to watch out for

Agree you need a lawyer. Your obligations dpened on what the contract said. From the broker's point of view they have already done their part of the deal- bringing you the client.The fact that they will not bring more does not change the service they already provided. But legally? You need a lawyer...
by adamthesmythe
Thu Oct 11, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: Budget Coffee
Replies: 51
Views: 3111

Re: Budget Coffee

Jazzysoon wrote:
Thu Oct 11, 2018 4:17 pm
Peets Major Dickasons - Target usually has it on sale for 7.99/12 oz. Roasted date printed on front of bag.
Where I live Peets and Starbucks regularly go on sale for 7-8$ (even less sometimes). I find that I can stock up and have enough to use until the next time they go on sale.
by adamthesmythe
Thu Oct 11, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - Sellers Request Help with Repairs
Replies: 69
Views: 3043

Re: Home Purchase - Sellers Request Help with Repairs

The sellers have already agreed to deliver the house with a repaired septic system at no cost to the buyers. Consider a concession only if you got a really smokin' deal, so good that you couldn't believe you were so lucky, so lucky that you already feel guilty. Otherwise stick with the deal as negot...
by adamthesmythe
Thu Oct 11, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Route-66 trip recommendations
Replies: 38
Views: 1805

Re: Route-66 trip recommendations

Winslow Arizona, Santa Rosa New Mexico, Tucumcari New Mexico and Elk City Oklahoma have a lot of the old gas stations plus museums. But the old art-deco Conoco station in Shamrock TX might be the best https://roadtrippers.com/stories/u-drop-inn On several occasions I have driven from the northeast ...
by adamthesmythe
Wed Oct 10, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Annuities
Replies: 12
Views: 1015

Re: Annuities

SPIA maybe.

Other annuities no.

Age 62 almost certainly not.

At age 62: target date retirement funds. Or all bonds or CDs if you are really really risk-averse.
by adamthesmythe
Wed Oct 10, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: Grand Canyon (LV) - is $80 ticket price for Sky Walk worth it
Replies: 14
Views: 1336

Re: Grand Canyon (LV) - is $80 ticket price for Sky Walk worth it

Depends on what kind of a visitor you are. If you look at the Canyon and go, the sky walk will be OK. If you need a snapshot, I read you can't take cameras on the skywalk. The north rim is open until Oct 31 and it's cheaper. The south rim is always open and there are services there. (I live nearby a...
by adamthesmythe
Wed Oct 10, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7393
Views: 1550972

Re: Stocks tumbling?

Sandtrap wrote:
Wed Oct 10, 2018 9:49 am
Tumbling today.
Falling tomorrow.
Climbing next week.
Flying and soaring next month.
You forgot the "massively" in front of each.

I think it's just a thermodynamic fluctuation.
by adamthesmythe
Tue Oct 09, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Job Opportunity - Via Staffing Agency
Replies: 29
Views: 2247

Re: Job Opportunity - Via Staffing Agency

The hiring company COULD have a contract with the staffing agency to pay a fee upon hiring an employee through them. (I thought this was how recruiting companies usually worked? Is this non-US?). Seems to me the fact that they DON'T...may mean that they like the additional flexibility. After all if ...
by adamthesmythe
Tue Oct 09, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Dayton, Ohio -- Worth Visiting?
Replies: 39
Views: 2956

Re: Dayton, Ohio -- Worth Visiting?

The Air Force museum for sure. I have stayed in Dayton several times and don't know if there is a "downtown" or what it's like. Most of the northeast cities (indeed, cities pretty much anywhere) have good areas and bad areas. There seem to be some Wright Brothers sites in Dayton. Have a look on the ...
by adamthesmythe
Mon Oct 08, 2018 9:13 pm
Forum: Personal Consumer Issues
Topic: Engineering/chemistry guys need ya for Scientific Notation
Replies: 8
Views: 964

Re: Engineering/chemistry guys need ya for Scientific Notation

livesoft has it right. The unit is written incorrectly. There is, in this case, no need to use the ^ symbol.
by adamthesmythe
Mon Oct 08, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: Renovation vs. Move
Replies: 11
Views: 797

Re: Renovation vs. Move

> The estimate will always be lower than the actual cost of the reno. Always.

Re-re-iterating. So if the bids already seem too high then the eventual cost will be even higher. I'm not saying don't do it- but if it looks like it's on the margin already...watch out.
by adamthesmythe
Mon Oct 08, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: New Car: No Collision/Comprehensive?
Replies: 52
Views: 4225

Re: New Car: No Collision/Comprehensive?

This is one of those cases where the insurance guy's nattering about "peace of mind" kind of makes sense.

Otherwise you start leaving the car in the garage when there is a threat of rain, when it might get dark, etc.
by adamthesmythe
Sun Oct 07, 2018 3:47 pm
Forum: Personal Consumer Issues
Topic: What are your strategies when shopping for a house?
Replies: 38
Views: 3339

Re: What are your strategies when shopping for a house?

If your buyer's agent is not responding to your requests, then get another one. There are plenty out there. When I was looking, I downselected first from the MLS, then after a drive-by, and finally went for a look inside. Unless the market is cold where you are looking, you are unlikely to get more ...
by adamthesmythe
Sun Oct 07, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Radon
Replies: 10
Views: 1232

Re: Radon

> I'm not sure how much credence I give to the "radon causes lung cancer" Let me frame the decision you have to make. It is very well established that radiation causes cancer at high doses. The data is persuasive and the mechanism makes sense. To predict what happens at low doses you either use data...
by adamthesmythe
Sat Oct 06, 2018 5:19 pm
Forum: Personal Consumer Issues
Topic: Radon
Replies: 10
Views: 1232

Re: Radon

Your buyers agent (WAS it your agent?) did you a disservice. Had radon been found by inspection, the seller would almost always have to fix it at their expense. In areas of the country where radon is found, almost everyone writes in inspection as a contingency. And very few will buy a house with a k...
by adamthesmythe
Sat Oct 06, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3676

Re: Income (US vs Europe)

- you have to own a car - most families seem to have 2-3 cars. That would not be true everywhere in Finland? Actually, Finland has the most vehicles per person of all countries. Almost 30% more than in USA. And up here cars are significantly more expensive to buy and own. But yes, USA beats nearly ...
by adamthesmythe
Sat Oct 06, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 3676

Re: Income (US vs Europe)

A few thoughts Can you try it out for a year or two? Or does it mean abandoning a solid job forever? Job stability in the US is usually not good for all but a very few. How do you feel about looking for a new job every several years? The balance of power between employees and employer is very defini...
by adamthesmythe
Thu Oct 04, 2018 12:04 pm
Forum: Personal Consumer Issues
Topic: Septic owner protection service contract or NOT?
Replies: 7
Views: 415

Re: Septic owner protection service contract or NOT?

I have been paying $240 for a septic owner protection contract for 10 years. It has now gone up in cost to $300 per year. It is through Singulair. It covers all maintenance except missing parts not covered?! I am wondering if I should not do it this year and simply hope nothing happens. I am never ...
by adamthesmythe
Thu Oct 04, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial land for sale, agent and seller are one
Replies: 6
Views: 384

Re: Commercial land for sale, agent and seller are one

> sends the real estate agent seller an email with what I would understand as an informal offer

I don't know anything about commercial real estate. However for residential- an "informal" offer is not an offer. At best I would expect an email inviting me to submit a real offer.
by adamthesmythe
Wed Oct 03, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: New post - car muffler and auto emissions
Replies: 12
Views: 785

Re: New post - car muffler and auto emissions

Seems to me there's not a lot to lose by taking it in for inspection as is.
by adamthesmythe
Wed Oct 03, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: social considerations with gaming credit cards
Replies: 21
Views: 2506

Re: social considerations with gaming credit cards

Who pays the cash back? Merchants. This “free money” is coming from the merchants by a tacked on percentage fee for rewards credit cards. There are lawsuits in existence currently of merchants demanding the right to refuse rewards credit cards. As far as your specific example, I am unsure. But when...
by adamthesmythe
Tue Oct 02, 2018 9:33 pm
Forum: Personal Consumer Issues
Topic: Water Leak During New Home Construction
Replies: 40
Views: 2413

Re: Water Leak During New Home Construction

They owe you a proper repair. And I can see paying for the water bill (although that's probably small change).

They don't owe you compensation for delays unless you have it written into the contract. There are almost always delays in construction.
by adamthesmythe
Tue Oct 02, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Home inspection- helping a friend
Replies: 12
Views: 1114

Re: Home inspection- helping a friend

A seller is not responsible for a hidden defect that he did not know about. I'm not sure why the title is home inspection. WAS there a home inspection? Did it turn up any evidence of a leak? I am not a lawyer either but- he should not discuss this with the buyer beyond stating that he does not have ...
by adamthesmythe
Mon Oct 01, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Asphalt driveway replacement
Replies: 21
Views: 2000

Re: Asphalt driveway replacement

daheld wrote:
Mon Oct 01, 2018 8:13 am
I would strongly consider replacing with concrete. It will be much more durable, if done correctly, than asphalt.
Much more durable and much more expensive. (Been there, done that, have the T shirt).
by adamthesmythe
Sun Sep 30, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Car rebates/incentives
Replies: 21
Views: 1367

Re: Car rebates/incentives

> And as far as rebates go, why would an equinox, that sells for 10k less than a traverse have a 5k rebate, but there is no rebate on a traverse? You might just as well try to make sense out of airline prices. > with the prices so high, and interest rates rising, I just don’t know how long they can ...
by adamthesmythe
Sun Sep 30, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: Health insurance in Canada for An American Visitor
Replies: 19
Views: 1278

Re: Health insurance in Canada for An American Visitor

OP doesn't seem to on Medicare and we don't know the details of his policy for emergency care. But personally- all of my policies have covered some emergency care- and I would not think twice about going to Canada for several days. Or, to be honest, any western European country or even some Asian co...
by adamthesmythe
Sun Sep 30, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed Minimum Annuity ??
Replies: 7
Views: 697

Re: Guaranteed Minimum Annuity ??

The near-universal recommendation around here is to not buy complicated annuities. And to buy SPIAs after thinking carefully about your financial situation.
by adamthesmythe
Sun Sep 30, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: how to determine the maintenance schedule for newer cars?
Replies: 18
Views: 1259

Re: how to determine the maintenance schedule for newer cars?

The only time I can see this a problem is when you are about to leave on a long (thousand-mile) trip and you are not sure if the car will need maintenance soon. In such a case I might be inclined to do an early oil change. Other than an oil change- I don't think there is anything that can't wait for...
by adamthesmythe
Sat Sep 29, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Car broker
Replies: 22
Views: 1804

Re: Car broker

watchnerd wrote:
Sat Sep 29, 2018 12:26 am
I thought it was against Boglehead rules to buy new cars?
So you can save up to buy gold watches and diamond rings?
by adamthesmythe
Sat Sep 29, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: How to sell a 60-percent ownership share in an inherited 4-plex rental unit
Replies: 9
Views: 1194

Re: How to sell a 60-percent ownership share in an inherited 4-plex rental unit

(Parents, please don't leave your children fractional ownership in your will.) In this case the options are 1. Sell a fractional interest. Unlikely and sale price will be very low. 2. Partition action. Requires lawyers, money for lawyers, and time. 3. Make minority owner an offer she can't refuse. K...
by adamthesmythe
Fri Sep 28, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: getting paid as a contractor
Replies: 33
Views: 2208

Re: getting paid as a contractor

To reduce the chances of a default or late payment you can choose your clients more carefully. The only way to eliminate the problem is to get a retainer.

All the contracts in the world will not make a difference if they are going bust.
by adamthesmythe
Wed Sep 26, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Buying House in TBD Future
Replies: 4
Views: 508

Re: Buying House in TBD Future

If you want immediate availability of the entire amount you either (1) get very little return or (2) risk a market loss. Some CDs have acceptable penalties for an early withdrawal. Keep in mind that when buying a house you will have 1-2 months between having the offer accepted and sending the cash.
by adamthesmythe
Wed Sep 26, 2018 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle $500 rental car damage with CC insurance
Replies: 14
Views: 2030

Re: How to handle $500 rental car damage with CC insurance

Double ditto, had a bigger claim, they paid, and I used the insurance again later. Very recently got mail saying that I needed to manually re-authorize the premium insurance on a new card. I don't know if everyone gets this or only me. (By the way- I wasn't reimbursed, they handled the whole thing.)
by adamthesmythe
Wed Sep 26, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Economic reasons for rate increase by the Fed?
Replies: 71
Views: 6107

Re: Economic reasons for rate increase by the Fed?

We don't have a totally free market. Nor do we have a totally controlled or command economy.

Immediately prior to the Great Depression, we were a good bit closer to a free market. It didn't work out so well.
by adamthesmythe
Wed Sep 26, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4784

Re: Long Term Care

> What kind of facility would you choose and how much would this care cost? My wild guess is 100K/ year. How long would it take for your assets to be depleted? 50% depleted in 15 years. > What if both you and your spouse needed this care? The other 50% is for my spouse. 15 years allows plenty of tim...
by adamthesmythe
Wed Sep 26, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: To Upgrade or Not Upgrade
Replies: 10
Views: 1640

Re: To Upgrade or Not Upgrade

If I didn't have a voucher, and it was $150 to upgrade for a 3 hour flight, I wouldn't do it.

I would spend ~$50 for an aisle seat and/ or enhanced economy.

Just my assessment of value. 3 hours is survivable even in a center seat.
by adamthesmythe
Wed Sep 26, 2018 11:03 am
Forum: Investing - Theory, News & General
Topic: Is high inflation a good thing while working?
Replies: 40
Views: 2697

Re: Is high inflation a good thing while working?

The Fed aims for steady predictable inflation of ~2%. That is generally thought to be a good thing. Having been through our most recent high inflation period (16% CDs, 11% mortgages, wage and price controls)- no, I don't think higher inflation is a good thing. There were too many dislocations and we...
by adamthesmythe
Tue Sep 25, 2018 11:27 pm
Forum: Personal Consumer Issues
Topic: First time home buyer and Rookie investor looking for advice on home buying process [Updated]
Replies: 20
Views: 1234

Re: First time home buyer and Rookie investor looking for advice on home buying process

Your refrigerator is not his problem. So the issue is the 6K difference between assessed and agreed. Buyer has a very clean house with only one issue (radon). He has agreed to participate in mitigating that. Clearly he thinks either you will cough up the extra money OR he will have an easy time sell...
by adamthesmythe
Tue Sep 25, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buying house in retirement??
Replies: 23
Views: 3808

Re: Buying house in retirement??

> Your SS would likely have to provide enough income for the mortgage

No. What I hear is that your regularly occurring income would have to justify the mortgage. So SS + pension + annuity income + dividends + (possibly) scheduled withdrawals.
by adamthesmythe
Tue Sep 25, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: New Zealand - Bucket list trip
Replies: 34
Views: 3696

Re: New Zealand - Bucket list trip

Bucket List Trip Update - We've decided to skip the cruise and fly from Sydney to NZ, thinking maybe Christchurch for starters. Planning 21-24 days in NZ. Days 7-11 are booked in Te Anau, to include overnight on Doubtful Sound. Remainder of those days will be Milford Sound, hiking, golf, stargazing...
by adamthesmythe
Mon Sep 24, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4784

Re: Long Term Care

Let's turn it around. If you CAN'T get a policy with unlimited benefits, there is no (on average) benefit to YOU in having LTC insurance. You can pay for a decade or two of care for one spouse. You should direct your efforts toward preserving some reasonable fraction of your assets for the other sp...
by adamthesmythe
Mon Sep 24, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4784

Re: Long Term Care

Let's turn it around. If you CAN'T get a policy with unlimited benefits, there is no (on average) benefit to YOU in having LTC insurance. You can pay for a decade or two of care for one spouse. You should direct your efforts toward preserving some reasonable fraction of your assets for the other sp...
by adamthesmythe
Mon Sep 24, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: $450 for 1.5 hour plumbing job normal?
Replies: 30
Views: 3381

Re: $450 for 1.5 hour plumbing job normal?

1. Parts are cheap for this job. He is making excuses. 2. Small jobs cost more per hour than big jobs. 3. Urgent jobs cost more per hour than low-priority jobs. Get another guy if you want. But don't expect the previous guy to hurry out if you have another job come up. He has invested time to come o...
by adamthesmythe
Mon Sep 24, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: Is "earn and burn" the right travel rewards strategy?
Replies: 24
Views: 2576

Re: Is "earn and burn" the right travel rewards strategy?

I pay for flights around holidays- choosing for both price and convenience- and use award travel for vacations. Vacations are more flexible so you are more likely to get award travel at a reasonable cost in miles (points). Award travel is a way to use up empty seats/ rooms. There are few of these ov...
by adamthesmythe
Mon Sep 24, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: To rent out our house or not
Replies: 25
Views: 1417

Re: To rent out our house or not

If you put a lot of money into it- maybe you want to sell it before it gets trashed.
by adamthesmythe
Mon Sep 24, 2018 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1741

Re: Mortgage application: Disclosing All Assets?

What I hear is that the bank cares far more what your income is than what your assets are. To the point that applying for a mortgage with lots of assets but no income does not work. I do not believe that you are obliged to list all assets, only that your reported numbers are valid. (You might want t...
by adamthesmythe
Mon Sep 24, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Digitalizing Old Photos Help
Replies: 22
Views: 1576

Re: Digitalizing Old Photos Help

Scanners are remarkably good and cheap. And usually come with some sort of software for correction/ scratch removal etc.

Buy one combined with a copier only if you need a copier.