Search found 2429 matches

by Carefreeap
Wed Jan 16, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Question about co-signing mortgage beyond just mortgage liability
Replies: 13
Views: 852

Re: Question about co-signing mortgage beyond just mortgage liability

A couple of follow up points; 1) A bank may require your mother to be on title to co-sign for the mortgage but your mother can quitclaim her interest back to your sister shortly after closing. Your mother would still be legally responsible for the mortgage but wouldn't have the liability associated ...
by Carefreeap
Wed Jan 16, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 10677

Re: Have I Now Become Out of Touch Financially? Aging question...

I have been retired 11 years from a low six figure job. Always been fiscally conservative, but more along the lines of "tight, not cheap". Bought CPO Mercedes, lowest cost house in the best neighborhood, etc. I live in SoCal, where things are (ahem) a little different. I see 1600 sq ft houses selli...
by Carefreeap
Tue Jan 15, 2019 5:51 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2730

Re: School staff threatened to call social worker

it seems to me that the value of experiencing another country considerably exceeds the value of attending school. I think I would be tempted to go ahead with the plans and let the chips fall where they may. Lol I used the "Travel is educational" argument when I was in 6th grade and my teacher tried...
by Carefreeap
Sun Jan 13, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3679

Re: Company relocating and not interested - next steps ?

My company definitely does not value it’s staff at all, no we are not given anything but minimal moving expenses. I dont believe their comments about severance either. I would put the local job hunt into high gear. Once you have an offer you can decide what to do. I have been reluctant to do this d...
by Carefreeap
Mon Jan 07, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I pay more than the minium on my mortgage?
Replies: 39
Views: 5195

Re: Should I pay more than the minium on my mortgage?

I'm currently 30 and the mortgage rate is 30 years. However with the rate not being fixed after 7 years I'm sure I would have to refinance at some point. Not necessarily. Double-check your paperwork. Most of these loans convert to a 1 year ARM. While I have never taken out an ARM loan, I did "inher...
by Carefreeap
Wed Jan 02, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Are credit reports different for owner vs lender?
Replies: 9
Views: 596

Re: Are credit reports different for owner vs lender?

Spirit Rider wrote:
Wed Jan 02, 2019 2:59 pm
These free scores are good enough to see what range you are in. People tend to obsess a little too much about scores.
Great post and the above quote made me smile. I think it was Liz Weston who wrote "If your credit score is 800 or more you need to find another hobby" :D
by Carefreeap
Mon Dec 31, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Purchase Advice Question
Replies: 33
Views: 1126

Re: Another Home Purchase Advice Question

Thanks everyone, this is what I was looking for. I am convinced that we should play it safe, but just wanted to hear the thought process behind it. A little more info on our situation. We live in the DC area, which is very expensive. We only moved hear 1.5 years ago, and really like where we rent (...
by Carefreeap
Mon Dec 31, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Are credit reports different for owner vs lender?
Replies: 9
Views: 596

Re: Are credit reports different for owner vs lender?

I read somewhere that what we see on our own credit reports is not what potential lenders see. Is it just a formatting difference or is some of the information different? Because if the information is different how can we know if it is accurate? Has anyone seen the lender's version? There are lots ...
by Carefreeap
Mon Dec 31, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Father-in-law denied apartment for lack of income even though he has assets. What to do?
Replies: 77
Views: 7604

Re: Father-in-law denied apartment for lack of income even though he has assets. What to do?

While there are anti-discrimination laws, I don't think rich old guys are a protected class. Lol, thanks for the laugh! I'm a landlord but of single units (houses, condos). I have rented to a senior who provided assets showing $500,000. Her story was consistent and my AZ house was purchased as a re...
by Carefreeap
Sat Dec 15, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: Potential New Home - Planes and Trains Noise
Replies: 35
Views: 2611

Re: Potential New Home - Planes and Trains Noise

Everyone says be alert for planes and trains. Well I think you also need to listen to noise from helicopters. They do not fly high like planes so they are a lot louder. Think about any major sports events near your planned property. Go visit the land when those events occur. In my home in Phoenix w...
by Carefreeap
Sat Dec 15, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Small Landlord Exemption - suggested books/blogs
Replies: 6
Views: 554

Re: Small Landlord Exemption - suggested books/blogs

Thanks. Pretty much confirmed what I've been doing and plan to do. I guess I just like to see other people's examples. Are there any more general books either of you suggest reading? Any real estate investment or landlording 101? I will read the IRS pubs referred to more indepth - I've been using T...
by Carefreeap
Fri Dec 14, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: How to Evaluate Giving
Replies: 15
Views: 1220

Re: How to Evaluate Giving

One of the places I've been giving to is the local Resource Center, with the explicit intent of helping the local food bank. But then I find that Second Harvest, in my area, does not charge partner organizations for food. So now, do I help the Resource Center which does other good, or do I stick to...
by Carefreeap
Thu Dec 13, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: [Germany] New to the site - something I've been looking for long time. How to proceed?
Replies: 10
Views: 863

Re: [Germany] New to the site - something I've been looking for long time. How to proceed?

The only way to “amass a fortune” is through active participation in a successful business. There may (or may not) be more opportunities to do so in the US vs. Germany. If your goals are more modest - i.e., middle class prosperity - then I think you can do that just as well in Germany as the US. Th...
by Carefreeap
Thu Dec 13, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: How to Evaluate Giving
Replies: 15
Views: 1220

Re: How to Evaluate Giving

Every year we donate to a local Land Trust (you probably know which one ;)), and a no kill shelter near our cabin in Southern California. Both of these charities are our main beneficiaries in our will. I was on the Board of the Land Trust for several years and we keep up with the no kill shelter. Bo...
by Carefreeap
Thu Dec 13, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: [How much of an emergency fund do I need?]
Replies: 17
Views: 1089

Re: How badly will unemployment be during next recession?

I've been in tech for 26 years. Here are the things I see affect how long it takes someone to find a new job: 1. skill set (keep current) 2. network (develop before the recession, always have a couple of options on where to go next) 3. willingness to relocate 4. flexibility to take a different role...
by Carefreeap
Thu Dec 13, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: downsizing-/-capital gains?
Replies: 7
Views: 512

Re: downsizing-/-capital gains?

by shell921 » Wed Dec 12, 2018 10:37 am Thanks for these replies. So my house is almost 10 years old. It was completed in 2009-costing $1.2 million to build. It replaced the home that burned in the 2007 San Diego firestorm. We added a spa & new driveway & 2 waterfall features after we moved in but ...
by Carefreeap
Wed Dec 12, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax assessments in California (assessors questionnaire)
Replies: 10
Views: 885

Re: Property tax assessments in California (assessors questionnaire)

I recently received a similar letter after adding square footage. I spent about 5 minutes filling out the form. I'd rather spend a few minutes and give them accurate data and not have them estimate the value. Do you really think a high tax place like California will be fair in their reassessment? T...
by Carefreeap
Mon Dec 10, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: How will 80k inheritance affect medicaid, section 8, food stamp eligibility in PA?
Replies: 26
Views: 2974

Re: How will 80k inheritance affect medicaid, section 8, food stamp eligibility in PA?

Op. I will restate what I said above. Your best bet is to find a social worker in your state that specializes in this. There are organizations to help with this specific problem. And I understand your concerns. I have a brother on dshs and flat told my parents if they didn't get him set up with a s...
by Carefreeap
Sun Dec 09, 2018 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out 1st first home; how to get mortgage for second?
Replies: 40
Views: 3424

Re: Renting out 1st first home; how to get mortgage for second?

What is your current mortgage holder going to think about you renting out your personal residence? Is that allowed in your mortgage? If not, you risk getting it called. As long as it was used as a primary residence for at least 6 months (1 year to be safe) no lender cares about it. They just want t...
by Carefreeap
Sun Dec 09, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out 1st first home; how to get mortgage for second?
Replies: 40
Views: 3424

Re: Renting out 1st first home; how to get mortgage for second?

What is your current mortgage holder going to think about you renting out your personal residence? Is that allowed in your mortgage? If not, you risk getting it called. They don't care so long as you had the intent to move in at the time of purchase. Given the loan to value I'm guessing the OP has ...
by Carefreeap
Sun Dec 02, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: A paid off house
Replies: 10
Views: 2740

Re: A paid off house

There is much less reason to pass down real estate than money. Especially if an indivisible asset is willed to multiple beneficiaries. If people think this (and I have not encountered any who do) I think they overestimate the interest of beneficiaries in real estate that someone else has chosen. Un...
by Carefreeap
Sun Dec 02, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Renting out 1st first home; how to get mortgage for second?
Replies: 40
Views: 3424

Re: Renting out 1st first home; how to get mortgage for second?

What is your current mortgage holder going to think about you renting out your personal residence? Is that allowed in your mortgage? If not, you risk getting it called. They don't care so long as you had the intent to move in at the time of purchase. Given the loan to value I'm guessing the OP has ...
by Carefreeap
Wed Nov 28, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Using equity in my current home to help buy my next one?
Replies: 7
Views: 1134

Re: Using equity in my current home to help buy my next one?

Check with your "new" lender to see if "Recasting" is an option. This is a process whereby you get your new mortgage and at some future point in time you can make a substantial principle pay-down on the loan and the mortgage will be re-amortized using the new mortgage balance. Interest rate and term...
by Carefreeap
Tue Nov 20, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Expense Rules for Charitable Donation?
Replies: 1
Views: 208

Travel Expense Rules for Charitable Donation?

We are investigating the donation of some museum quality furniture belonging to a famous family. There are at least three museums that we are investigating, one in KY and two in So. CA. Are our travel expenses deductible? I read through IRS Pub 526 and didn't find anything that addressed this issue....
by Carefreeap
Tue Nov 20, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: sell rental condo 6 miles from Crystal City, VA Amazon location?
Replies: 36
Views: 3841

Re: sell rental condo 6 miles from Crystal City, VA Amazon location?

Thank you everyone for the replies. It's a tough decision, especially now... last night the renter I had lined up balked and no longer wants to rent it, but today a buyer has made an offer for asking price. The Universe has spoken! :P Enjoy being free of the hassles of landlording. :beer Have you s...
by Carefreeap
Tue Nov 20, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: sell rental condo 6 miles from Crystal City, VA Amazon location?
Replies: 36
Views: 3841

Re: sell rental condo 6 miles from Crystal City, VA Amazon location?

mesaverde wrote:
Tue Nov 20, 2018 10:47 am
Thank you everyone for the replies. It's a tough decision, especially now... last night the renter I had lined up balked and no longer wants to rent it, but today a buyer has made an offer for asking price.
The Universe has spoken! :P

Enjoy being free of the hassles of landlording. :beer
by Carefreeap
Mon Nov 19, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate capital gains - advice needed
Replies: 10
Views: 1271

Re: Real estate capital gains - advice needed

Hello Bogleheads, My wife just found out that she and her sister were listed on their Dads house as co-owners. She had thought it was just her sister. Anyways, their dad passed away 5 months ago and now they’re selling the house (in Illinois). Both sisters moved out years ago and hence not their pr...
by Carefreeap
Sun Nov 18, 2018 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: sell rental condo 6 miles from Crystal City, VA Amazon location?
Replies: 36
Views: 3841

Re: sell rental condo 6 miles from Crystal City, VA Amazon location?

Did you live in the condo? If so, for how long? Do you have a renter in it now? We lived in the Crystal City area as well as what I called "Barely McLean" really the Tysons Corner area during our DC stint back in 1987-1990. It's a nice area and I was a little shocked to hear how development flooded ...
by Carefreeap
Sat Nov 17, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5241

Re: Incompetent home inspector - what to do?

Around here seller's agents and sellers will not look at an inspection report. They will refuse delivery if you send them one. The reason is that any known defects must be disclosed to any other buyer. What they don't know, they can't disclose. The "plastic pipes" may have been drain pipes. These s...
by Carefreeap
Wed Nov 14, 2018 6:58 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1483

Re: Dentists/Dental Professionals: Front Crowns?

OK Booked my "Second Opinion". No charge for the appt. This is with a dentist my friends have used. Both Drs have been at this location for 10+ years.
by Carefreeap
Wed Nov 14, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1483

Re: Dentists/Dental Professionals: Front Crowns?

I might get a second opinion, but it will be a cold day in hell that I have crowns put on basically healthy teeth. I've had a lot of dental work over decades and I have never heard of what he told you. How is it even possible to wear the backs of the front teeth. Easy, first things comes to mind is...
by Carefreeap
Wed Nov 14, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1483

Re: Dentists/Dental Professionals: Front Crowns?

Do you want them replaced? Are you having any symptoms? If the answer to these 2 questions are no and the only reason he gave you was "wear" then I would continue about your life like you were. You likely have met a young dentist who lives in a high cost of living area, new to practice, probably ha...
by Carefreeap
Wed Nov 14, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1483

Re: Dentists/Dental Professionals: Front Crowns?

Hi Everyone, I was at the dentist last Thursday and he recommended two front crowns due to excessive wear at a total cost of $3,200 (SF Bay Area). He is a new dentist to me practicing at a practice which seems to churn through dentists. I hate to be skeptical but no one has commented on my excessiv...
by Carefreeap
Wed Nov 14, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1483

Re: Dentists/Dental Professionals: Front Crowns?

I might get a second opinion, but it will be a cold day in hell that I have crowns put on basically healthy teeth. I've had a lot of dental work over decades and I have never heard of what he told you. How is it even possible to wear the backs of the front teeth. Easy, first things comes to mind is...
by Carefreeap
Wed Nov 14, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1483

Re: Dentists/Dental Professionals: Front Crowns?

I don’t know about the need for the work but the price seems excessive to me. Course you are in a hcol area. What does excessive wear even mean? Do they look normal, no pain etc? The fronts look normal. Dentist is claiming that the backs are showing excessive wear. I got grilled about chewing ice o...
by Carefreeap
Wed Nov 14, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1483

Dentists/Dental Professionals: Front Crowns?

Hi Everyone, I was at the dentist last Thursday and he recommended two front crowns due to excessive wear at a total cost of $3,200 (SF Bay Area). He is a new dentist to me practicing at a practice which seems to churn through dentists. I hate to be skeptical but no one has commented on my excessive...
by Carefreeap
Mon Nov 05, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: Antique Dealers-Baby Sterling Silver Items
Replies: 5
Views: 651

Re: Antique Dealers-Baby Sterling Silver Items

Silk McCue wrote:
Mon Nov 05, 2018 8:43 pm
My experience is that they don’t have marketable value beyond scrap.

Cheers
Thanks for your response. What is your experience? Are you a dealer or did you have experience clearing out a relative's home?
by Carefreeap
Mon Nov 05, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Antique Dealers-Baby Sterling Silver Items
Replies: 5
Views: 651

Antique Dealers-Baby Sterling Silver Items

More of my decluttering campaign... DH is an only child and we have no children. We are interested in how best to dispose of sterling silver baby items from both his father (1936) and him (1958). Some of these items are engraved with their initials. Is there a market for these kinds of items or shou...
by Carefreeap
Mon Nov 05, 2018 2:59 pm
Forum: Personal Consumer Issues
Topic: Antique Book Lovers; Tell me about 1st Editions
Replies: 3
Views: 504

Re: Antique Book Lovers; Tell me about 1st Editions

I won't take the time to look them up myself, but by going to abebooks.com and searching only for first editions, if you find it, you can get a ballpark idea of what dealers are selling them for. You can go to eBay, and--I caution you to search only for finished auctions--if you find it, you can ge...
by Carefreeap
Mon Nov 05, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Antique Book Lovers; Tell me about 1st Editions
Replies: 3
Views: 504

Antique Book Lovers; Tell me about 1st Editions

Hi All, We are unpacking a storage garage full of stuff both we and our families have collected over the years. My husband's family were great readers and someone managed to collect some first editions. Yesterday I found a first edition of "Roughing It" by Mark Twain dated 1888. It's got the classic...
by Carefreeap
Tue Oct 23, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Implications of a (very) Appreciated House
Replies: 19
Views: 2167

Re: Tax Implications of a (very) Appreciated House

So if you sold the house the same year she went into care, at least you would have a lot of medical tax deductions to help offset her capital gains. We don't have enough information (i.e. when her husband died and what the value of the house was at that point), but we are thinking that if it was fa...
by Carefreeap
Mon Oct 22, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Implications of a (very) Appreciated House
Replies: 19
Views: 2167

Re: Tax Implications of a (very) Appreciated House

Frisco Kid wrote:
Mon Oct 22, 2018 6:46 pm
California is a community property state, have been told that would mean your MIL receives a step up in basis upon her husbands death. Can others verify?
Probably but it will depend on how title is held.
by Carefreeap
Sat Oct 13, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 4129

Re: Obamacare premiums will be down an average of 1.5 percent next year

Take this distribution. Bottom 1/3 are below average health, middle 1/3 average, and top 1/3 above average. I stand by my statement that the top 2/3 should self ensure. Paying for insurance for these folks is a terrible financial decision. I'm not really sure how the distribution helps an individua...
by Carefreeap
Fri Oct 12, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare premiums will be down an average of 1.5 percent next year
Replies: 39
Views: 4129

Re: Obamacare premiums will be down an average of 1.5 percent next year

"Much of the drop is due to companies raising premiums too much in 2018, experts say, " https://www.nbcnews.com/politics/politics-news/obamacare-premiums-will-be-down-average-1-5-percent-next-n919051?cid=sm_npd_nn_fb_ma If it weren't so ridiculous, it would be funny. I just received a letter from H...
by Carefreeap
Mon Oct 01, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018
Replies: 69
Views: 14138

Re: The Next Millionaire Next Door: Enduring Strategies for Building Wealth Hardcover will be released October 1, 2018

Save aggressively in your 20s / 30s, and you should be able to file your last TPS report in your 40s. Enter the workforce as soon as possible to be able to take advantage of tax advantaged accounts and start building seniority (ie more vacation)/experience. It seems like that every "become a millio...
by Carefreeap
Sat Sep 22, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Trustee for sixty something sister
Replies: 22
Views: 2202

Re: Trustee for sixty something sister

This works because the beneficiary, having been dependent throughout life accepts this role. If the beneficiary wanted to take control or was torturing me with incessant requests for more money I would bail out and hire a corporate trustee. I don't do that know because the demands in my time are ma...
by Carefreeap
Fri Sep 21, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee for sixty something sister
Replies: 22
Views: 2202

Re: Trustee for sixty something sister

What a terrible situation your dad put you in. What are the options for the second successor Trustee should you resign? Some people on this Board have explored using Vanguard as a Trustee. You might use the Google Search button and see what other people have found. Based on my DH's family experience...
by Carefreeap
Fri Sep 21, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: What is the process for Trustee to sell house?
Replies: 11
Views: 741

Re: What is the process for Trustee to sell house?

Based on my experience in CA, as successor Trustee, I followed the process you described. Have you checked with the beneficiaries to ensure that none of them want to buy the house from the other heirs? Trustee' here in CA usually convey title via a Quitclaim Deed or Grant Deed. Yes, all beneficiari...
by Carefreeap
Fri Sep 21, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: What is the process for Trustee to sell house?
Replies: 11
Views: 741

Re: What is the process for Trustee to sell house?

Based on my experience in CA, as successor Trustee, I followed the process you described. Have you checked with the beneficiaries to ensure that none of them want to buy the house from the other heirs? Trustee' here in CA usually convey title via a Quitclaim Deed or Grant Deed. I would consult with ...