Search found 2024 matches

by Carefreeap
Tue Oct 17, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: New Garage Doors
Replies: 29
Views: 3568

Re: New Garage Doors

Thanks, we'll give it go. It's odd that it's just acting up again. I thought there might have been something knocked about as it happened right after we had a new electrical box installed and the box is located near the far side of the garage door. The guys were good and careful but there were a fe...
by Carefreeap
Tue Oct 17, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a rental property before primary home?
Replies: 17
Views: 1209

Re: Buy a rental property before primary home?

I often recommend that if people want to get into the rental business that they start with their "starter" home. O.P. I know this isn't your ideal home but could you live in it for a year or two? You'll get more favorable financing terms and it will give you a chance to get to know the property and ...
by Carefreeap
Tue Oct 17, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: New Garage Doors
Replies: 29
Views: 3568

Re: New Garage Doors

Thanks, your post is helpful. As I stated in my earlier post, we replaced the door about 20 years and our tenant really beat up the door. We started having problems last week where the door was hitting the garage door opening mechanism and stopping. My husband somehow got that to stop but now it go...
by Carefreeap
Mon Oct 16, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: New Garage Doors
Replies: 29
Views: 3568

Re: New Garage Doors

Just FYI, Costco offers Amarr garage doors, installed by your local Amarr dealer. There's a 15% Costco cash back offer through 10/29 to go with it. I don't know much about this brand but would be interested in hearing about peoples' experience, both with this brand and with going the Costco route. ...
by Carefreeap
Mon Oct 16, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Mineral Rights Valuation (Natural Gas)
Replies: 8
Views: 720

Re: Mineral Rights Valuation (Natural Gas)

I personally would not want to buy your property without the mineral rights. I would not be concerned about the potential income stream. I would be concerned about finding heavy machinery in my back yard one day that I had no control over. I have been shocked to find out how much intrusion can lega...
by Carefreeap
Mon Oct 16, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: New Garage Doors
Replies: 29
Views: 3568

Re: New Garage Doors

Hey Guys, My father opened up his garage door business around 84, and about 5 years ago gave/sold it to his brother. I worked for it since I was 16 and stopped a little after I graduated college. This is just for some credence to what I'm saying. We were located in MD. 2K for a 9x7 installed is a l...
by Carefreeap
Mon Oct 16, 2017 10:03 am
Forum: Personal Consumer Issues
Topic: New Garage Doors
Replies: 29
Views: 3568

Re: New Garage Doors

I'm reviving this thread because we are now in the market for a new garage door and opener. The door is probably 20 years old and got pretty beat up by our former tenant. Tenant went BK so no recourse was possible. After reading this thread I want to add a couple of our conditions. House is in a mil...
by Carefreeap
Mon Oct 16, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Trash dumped on curb (need advice)
Replies: 50
Views: 4351

Re: Trash dumped on curb (need advice)

As others have said; 1. Report to HOA-it's their job to enforce. Just be prepared that they likely have a noticing process and are already aware of the problem. It takes patience to follow the rules. While still irritating, it may give you some comfort to know that something is being done. 2. Next s...
by Carefreeap
Mon Oct 16, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Mineral Rights Valuation (Natural Gas)
Replies: 8
Views: 720

Re: Mineral Rights Valuation (Natural Gas)

DH's cousins looked at selling their fractional mineral rights (oil) a few years back after their father passed. These were rights that had been retained after sale of the property in the 1930s and has been in continuous service. We own a larger fractional interest in these same rights. The attorney...
by Carefreeap
Sun Oct 15, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: First Post (gulp) - Request for Advice on selling inherited home
Replies: 20
Views: 1535

Re: First Post (gulp) - Request for Advice on selling inherited home

For north of a $200+ "profit" I'd be doing my homework and interviewing three reputable local agents to get an idea of what the market is given it's "as is" condition. Then decide if any of those low-ball offers are actually worth it. Sorry for the guilt but my parents would have been very disappoin...
by Carefreeap
Sun Oct 15, 2017 5:33 pm
Forum: Personal Consumer Issues
Topic: Lien on property in foreclosure
Replies: 9
Views: 902

Re: Lien on property in foreclosure

Is there a reason you wouldn't bid on the house yourself at least up to the value of your lien? What do you estimate to be the value of the property? Have you seen it recently? I understand 10k isn't that much and maybe it's cheaper to lose it than to take on the risk of certain property ownership....
by Carefreeap
Sun Oct 15, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Lien on property in foreclosure
Replies: 9
Views: 902

Re: Lien on property in foreclosure

Is there a reason you wouldn't bid on the house yourself at least up to the value of your lien? What do you estimate to be the value of the property? Have you seen it recently?

I understand 10k isn't that much and maybe it's cheaper to lose it than to take on the risk of certain property ownership.
by Carefreeap
Sun Oct 15, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 6849

Re: How long for hedonic adaptation to set in?

VictoriaF wrote:
Sun Oct 15, 2017 10:39 am
Carefreeap wrote:
Sun Oct 15, 2017 10:29 am
But I am sincere; what's the issue with post menopausal women in your opinion MSK?
This is a fascinating question, but I am afraid it will jeopardize this thread.

Victoria
Yeah, I thought about that too. Maybe a group private message is a more appropriate venue.
by Carefreeap
Sun Oct 15, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 6849

Re: How long for hedonic adaptation to set in?

... most of the accommodation was "free" at our world-class-view oceanside cliff holiday home that I hardly use... 1. a house with a million $ view (every time I walk in I feel WOW!) and the value appreciates beyond inflation :mrgreen: Since this applies directly to the specific question in my OP, ...
by Carefreeap
Sun Oct 15, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Happy Consumer Story (Backpacking Tent)
Replies: 16
Views: 1248

Re: Happy Consumer Story (Backpacking Tent)

To clarify, all my communication was with the manufacturer, Big Agnes, not REI. Ah, great. I'm glad you had a positive experience with them! REI is great too. Several years ago I returned a pair of boots I had bought on sale about a year before. I didn't actually try using them (being a Boglehead I...
by Carefreeap
Sun Oct 15, 2017 12:34 am
Forum: Personal Consumer Issues
Topic: Happy Consumer Story (Backpacking Tent)
Replies: 16
Views: 1248

Re: Happy Consumer Story (Backpacking Tent)

ETA: No I don't own stock in this company but maybe I should! :wink: Adding this just in case that :wink: is not the knowing variety: REI is a consumer co-operative, so investing is a pretty low-risk endeavor . REI has a very liberal return policy. Makes me wonder how they stay in business. :shock:...
by Carefreeap
Sat Oct 14, 2017 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help with transferring R/E property into revocable trust.
Replies: 7
Views: 544

Re: Help with transferring R/E property into revocable trust.

You execute a quitclaim deed from your individual name to your revocable trust and record it at the county recorder's office. The title company doesn't want the legal liability of drawing up the document but they may record it out of courtesy (with the hope you will use their title service when you...
by Carefreeap
Sat Oct 14, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on home insurance and land vs structure value
Replies: 20
Views: 1103

Re: Thoughts on home insurance and land vs structure value

. One other observation -- in the big fire in northern San Diego county about 10 years ago, many burned homes even had their concrete slabs/basements destroyed because of the heat. Apparently quite a few insurance company estimates from that time always assumed that your home could be rebuilt on th...
by Carefreeap
Sat Oct 14, 2017 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help with transferring R/E property into revocable trust.
Replies: 7
Views: 544

Re: Help with transferring R/E property into revocable trust.

I have 2 rental properties that were purchased in AZ (a community property state) on a 1031 exchange from part of the sale of income properties I sold in Hawaii (non community property state). The properties are in my name only. I am thinking of transferring "ownership?" or "title" of those propert...
by Carefreeap
Sat Oct 14, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Happy Consumer Story (Backpacking Tent)
Replies: 16
Views: 1248

Re: Happy Consumer Story (Backpacking Tent)

livesoft wrote:
Sat Oct 14, 2017 2:26 pm
I don't think this guy has the same opinion of REI.
LOL, foiled by an REI #. Couldn't resist that 10% rebate! :D
by Carefreeap
Sat Oct 14, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Help with transferring R/E property into revocable trust.
Replies: 7
Views: 544

Re: Help with transferring R/E property into revocable trust.

I have 2 rental properties that were purchased in AZ (a community property state) on a 1031 exchange from part of the sale of income properties I sold in Hawaii (non community property state). The properties are in my name only. I am thinking of transferring "ownership?" or "title" of those propert...
by Carefreeap
Sat Oct 14, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing: Appraisal Value Lowered During Underwriting
Replies: 14
Views: 1089

Re: Refinancing: Appraisal Value Lowered During Underwriting

Sounds like you need to work through this issue but getting pissed about it probably won't do any good. Yes, a night's sleep does wonders for clearing up judgement somewhat. My cortisol level is back to normal now :wink: Over the years I've had over 10 mortgages and refis. As I warned my condo buye...
by Carefreeap
Sat Oct 14, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: California Wild Fires
Replies: 8
Views: 1145

Re: California Wild Fires

The other big risk is zoning laws change. So in some cases homes cannot be rebuilt AT ALL. Or may be they can rebuilt but much smaller like 20 fout height limits or lot coverage limits. So rebuilding is not simple or easy. The opposite can also be true. In the Oakland Hills fire some 20+ years ago ...
by Carefreeap
Sat Oct 14, 2017 12:31 pm
Forum: Personal Consumer Issues
Topic: Happy Consumer Story (Backpacking Tent)
Replies: 16
Views: 1248

Happy Consumer Story (Backpacking Tent)

We're a harsh bunch when it comes to consumer products so I wanted to share a good story about my recent experience with a back packing tent. About 15 years ago I bought a Big Agnes Seed House 1 (a 1 person tent) from REI. About a year ago I noticed that the seam sealer was flaking off. I had higher...
by Carefreeap
Sat Oct 14, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on home insurance and land vs structure value
Replies: 20
Views: 1103

Re: Thoughts on home insurance and land vs structure value

Then1% is a formula for calculating the dollar value of the deductible. Once calculated, then the dollar value is the deductible. The deductible would be the same for a claim of $1,000, a claim of $10,000 or a claim of $100,000. So it's 1% of what figure? The rebuild cost of the house? The market v...
by Carefreeap
Sat Oct 14, 2017 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing: Appraisal Value Lowered During Underwriting
Replies: 14
Views: 1089

Re: Refinancing: Appraisal Value Lowered During Underwriting

Try another lender. Or get another appraisal. An appeal will do you nothing. The underwriters job is to protect the company from undue risk. They are not trying to just make you mad or treat you poorly, they are managing risk. Sounds like you need to work through this issue but getting pissed about...
by Carefreeap
Fri Oct 13, 2017 4:54 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1752

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

Sixt is good. But also look at Kemwel and AutoEurope. They're brokers. You won't need an international drivers permit, your US drivers license will be just fine. However, I wouldn't rent a car. Europe's public transportation system is excellent, there's no reason to rent a car. It's such a hassle, ...
by Carefreeap
Fri Oct 13, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Sonoma in October
Replies: 56
Views: 4655

Re: Sonoma in October

Sixty I am going to give away a local secret. There are great wines in El Dorado county around Plymouth. This is way over east of Sacremento. They do great old vine zinfidels and other reds. Places like Sobon, Terra d'oro, Shenendoah, and others. Then drive up to Apple Hill and pick apples off the ...
by Carefreeap
Fri Oct 13, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing: Appraisal Value Lowered During Underwriting
Replies: 14
Views: 1089

Re: Refinancing: Appraisal Value Lowered During Underwriting

Mortgage lender here. It sounds like you're stuck. Unfortunately I had this happen to me once on the consumer side and my lender (a former employer no less) got the appraisal report back and didn't like the cracks in the brick on one of the pictures. So they requested that I pay for a structural en...
by Carefreeap
Fri Oct 13, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing: Appraisal Value Lowered During Underwriting
Replies: 14
Views: 1089

Re: Refinancing: Appraisal Value Lowered During Underwriting

Is the property very unique? Have you checked the comps cited and did they seem comparable to you? That's a really big spread in price. I've been working with a friend with an estate sale and the difference between the appraisals is in the 10% range which I consider to be normal. The house is in a s...
by Carefreeap
Fri Oct 13, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Need help with family financial situation - sheltering money / medicaid
Replies: 22
Views: 2100

Re: Need help with family financial situation - sheltering money / medicaid

I KNOW people in WA state that went the legal separation route. It has worked well for them for the intended purpose of dividing assets (in their case assigning all debt to one spouse so they could get a home loan under the other) WA might be a little unique as it is one of 7? that is community pro...
by Carefreeap
Thu Oct 12, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: Sonoma in October
Replies: 56
Views: 4655

Re: Sonoma in October

ALL and I mean 100% of Napa and Sonoma and all the wineries and most of the hotels etc. are closed due to the fire. Everyone is scrambling to house the evacuees and their pets. Tourist should not go there. It is not clear when these places will open again. For now we should be praying for their saf...
by Carefreeap
Thu Oct 12, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14138

Re: Bay Area Real Estate

So passing on the family home in a state like CA (prop 13) could provide a massive financial advantage to offspring. In theory. It would be interesting to have an analysis done to see how many properties have Prop 13 status from 1975. I'm sure there are a few but I bet turnover is still pretty high...
by Carefreeap
Wed Oct 11, 2017 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14138

Re: Bay Area Real Estate

So does the recipient of the house (eg your brother) keep the tax assessment? He would have had he not lost the property in foreclosure in 2009. :oops: So passing on the family home in a state like CA (prop 13) could provide a massive financial advantage to offspring. In theory. It would be interes...
by Carefreeap
Wed Oct 11, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Sonoma in October
Replies: 56
Views: 4655

Re: Sonoma in October

DW and I are heading to the wine country this October. Staying in Petaluma, with some plans to visit the coast, wineries and maybe an olive oil ranch. For those of you that have been there, were there any wineries you really liked, or things you did that you would recommend ? Check with your booked...
by Carefreeap
Wed Oct 11, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7433

Re: Do you want your receipt?

I don't take a receipt at regular places I do business with such as Costco Gas. I do for restaurants that I don't regularly frequent to check the tip amount. I know this is unlikely; in all the years I've done this I've had one person add $1 to the tip and I couldn't be bothered to dispute it. In co...
by Carefreeap
Wed Oct 11, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9151

Re: Senior citizens can lose everything [to professional guardians via court rulings]

bottlecap wrote:
Mon Oct 09, 2017 8:59 pm
The best thing you can do is raise kids that have a healthy distrust for authority. Hopefully they can protect you. No one else will.

JT
I'm still chuckling at this statement. Those kinds of kids are going to be really difficult since you, the parent, are their first authority figure. :wink:
by Carefreeap
Wed Oct 11, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14138

Re: Bay Area Real Estate

Briefly, what are the tax/financial consequences/benefits of transferring residential property from parent to child? Do the parents have to die first? As an example, when my parents divorced they sold their house to my brother. They had bought the house in 1963 and the assessed value was something ...
by Carefreeap
Mon Oct 09, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to deal with estate with no liquid assets and a house?
Replies: 17
Views: 1254

Re: How to deal with estate with no liquid assets and a house?

The executor could borrow from a beneficiary on behalf of the estate, and the beneficiary could establish a lien on the decedent's home for the amount of the loan. The beneficiary would want an appraisal and market analysis to understand the likely sales price of the home less other mortgages. That...
by Carefreeap
Mon Oct 09, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9151

Re: Senior citizens can lose everything [to professional guardians via court rulings]

Thanks O.P. for posting this article. I've been concerned about my MIL's situation. Because she is so verbally abusive and demanding it's been difficult to keep qualified caregivers for her. She has isolated herself and has some substantial assets. As her mental health declines I can see her being v...
by Carefreeap
Sun Oct 08, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: Hiking the Tahoe Rim Trail
Replies: 28
Views: 3054

Re: Hiking the Tahoe Rim Trail-Update

Thanks for those additional tips. I did note the Flume (road really) and wondered about it. Since you've hiked most of the eastern side, do you have any tips on caching water along the trail or alternative water sites? I got on the TRT website for water sources and it does look like there are some ...
by Carefreeap
Sat Oct 07, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14138

Re: Bay Area Real Estate

Correct. People try to keep the property in the family with its low tax assessment which passes from generation to generation. Selling makes no sense if it can be avoided. Briefly, what are the tax/financial consequences/benefits of transferring residential property from parent to child? Do the par...
by Carefreeap
Sat Oct 07, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: RE tax question
Replies: 10
Views: 489

Re: RE tax question

He could do an installment sale and spread the payout over two years for lower per year income. See the IRS website for installmental sales. As I understand it he would have to make less than $38K per year to gain from this. That would mean spreading the payout over more than 2 years. I may not und...
by Carefreeap
Sat Oct 07, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1271

Re: Paying off house that is in estate

We have already determined I cannot assume the mortgage. Why? I asked the bank. They said the type of mortgage could not be assumed. But you don't have to. Under Garn St. Germain banks can't exercise the due on transfer clause in a loan if the property is transferred to a Living Trust or to a famil...
by Carefreeap
Sat Oct 07, 2017 2:08 pm
Forum: Personal Consumer Issues
Topic: Hiking the Tahoe Rim Trail
Replies: 28
Views: 3054

Re: Hiking the Tahoe Rim Trail-Update

I'm glad you had a good time! I live at 6500 feet on the east side of the lake and woke up to an inch of fresh snow on Sept. 22, with more up higher where you were, so yeah your timing was good. There's plenty of good stuff left when you complete the loop. One thing I'd suggest for more great views...
by Carefreeap
Sat Oct 07, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: Hiking the Tahoe Rim Trail
Replies: 28
Views: 3054

Re: Hiking the Tahoe Rim Trail-Update

Great trip report and I'm inspired to hear of your good trip. Would you mind sharing how easy/hard it was to secure permits? And did you use bear cannisters or hang food? Any tricks to keep your pack light that worked for you? And...where to next? you mention JMT. Have you done the full JMT? Will y...
by Carefreeap
Fri Oct 06, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1271

Re: Paying off house that is in estate

We have already determined I cannot assume the mortgage. Why? I asked the bank. They said the type of mortgage could not be assumed. But you don't have to. Under Garn St. Germain banks can't exercise the due on transfer clause in a loan if the property is transferred to a Living Trust or to a famil...
by Carefreeap
Thu Oct 05, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off house that is in estate
Replies: 15
Views: 1271

Re: Paying off house that is in estate

I wouldn't pay it off; that's a great rate! When my mom passed in 2008 I kept her first mortgage (situation was complicated but it made sense not to refinance in my name) and transferred title from the Trust's name to my Trust. I sold the condo this last July nine years after she passed. You'll want...
by Carefreeap
Thu Oct 05, 2017 5:05 pm
Forum: Personal Consumer Issues
Topic: Hiking the Tahoe Rim Trail
Replies: 28
Views: 3054

Re: Hiking the Tahoe Rim Trail-Update

Hi All, Wanted to update and thank the folks that were so helpful. I hiked the trail from Echo Lakes and exited at Mt. Rose Summit Trailhead starting Sept 13 and exiting Sept 19. I had originally planned 8 days but felt so strong that I hiked further each day than planned and exited a day early It w...
by Carefreeap
Mon Oct 02, 2017 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area Real Estate
Replies: 154
Views: 14138

Re: Bay Area Real Estate

Correct. People try to keep the property in the family with its low tax assessment which passes from generation to generation. Selling makes no sense if it can be avoided. Briefly, what are the tax/financial consequences/benefits of transferring residential property from parent to child? Do the par...