Search found 555 matches

by Maverick3320
Wed Jul 08, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: 15 year or 30 year mortgage?
Replies: 100
Views: 6472

Re: 15 year or 30 year mortgage?

I'd do 30 if you're anywhere near being tight on 15. Absolutely. +2 Often, a 15 year makes no sense. A recent example from another thread: 3% 30 year vs a 2.65% 15 year. 15 year costs $674/mo per $100k. 30 year costs $422/mo per $100k. If you pay $674/mo per $100k on the 30 year loan, you'll have p...
by Maverick3320
Wed Jul 08, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 150
Views: 8969

Re: Share your budget

OP, I will use your format. Household Situation: single income, 1 kid (I’m a teacher and my wife is a stay-at-home parent; we work a combined 30 hours per week on average) Residence Area: VHCOL (Bay Area) Residence: House value is $850k and we owe $345k on it (4 bedroom/4 bathroom townhouse, 2150 s...
by Maverick3320
Wed Jul 08, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Share your budget
Replies: 150
Views: 8969

Re: Share your budget

Helo80 wrote:
Fri Jul 03, 2020 8:48 am
huskerfan1414 wrote:
Fri Jul 03, 2020 8:40 am
Almost 50% in taxes, $400k? My goodness sakes, that's absolutely ludicrous.

Somebody has gotta pay for everything the baby boomer politicians are buying.
The baby boomer politicians are buying...but which age groups are doing the demanding?
by Maverick3320
Tue Jul 07, 2020 9:04 am
Forum: Personal Investments
Topic: Keep on buying rentals? Home price is up 4.8%
Replies: 20
Views: 1007

Re: Keep on buying rentals? Home price is up 4.8%

Mods,

The OP has created multiple posts basically discussing the same thing: how amazing his/her personal real estate situation is. Several of these have already been locked due to a lack of actionable information. I would request the same be done with this thread before it devolves again.
by Maverick3320
Tue Jun 30, 2020 2:50 pm
Forum: Personal Investments
Topic: Rental properties: best-performing asset class in 2020?
Replies: 55
Views: 1946

Re: Rental properties: best-performing asset class in 2020?

Why use anecdotal evidence when there is real data you can look at? Here is one from the NMHC. Despite what you have been hearing from the media, current rent payment is on the same pace as in June 2019: https://www.calculatedriskblog.com/2020/06/nmhc-rent-payment-tracker-finds-92.html Real data do...
by Maverick3320
Fri Jun 26, 2020 11:49 am
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10418

Re: A cautionary tale about pensions and wages

Folks, A) If the common folks cannot afford to pay for health care, there will be a drop in demand. B) If the common folks cannot afford to pay for the college education, there will be a drop in demand. With the wage growth slower than inflation and both health care and college education costs incr...
by Maverick3320
Fri Jun 26, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10418

Re: A cautionary tale about pensions and wages

Folks, We have a healthcare bubble and a college bubble. The bubbles have to burst sometime. KlangFool People primarily associate bubbles with costs (healthcare costs, real estate and tuition). Does this apply to physician/nurse salaries (for the healthcare bubble) and professor salaries (for the c...
by Maverick3320
Wed Jun 24, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 237
Views: 40868

Re: Early Retirement - what to do about healthcare?

> it's very difficult to accurately predict future health care expenses I would go further and say that it is impossible to predict, especially in the individual market over a multi-decade time frame. Health care is a far bigger concern for early retirees than sequence of return risk. Now at regula...
by Maverick3320
Wed Jun 24, 2020 11:17 am
Forum: Personal Investments
Topic: Cash out refinancings on the rise???
Replies: 13
Views: 1497

Re: Cash out refinancings on the rise???

As someone who just recently did a cash-out refi, it may be less of a problem than you imagine. Real-estate values have remained very high while interest rates have dropped. For me it was an opportunity to bolster my cash-reserves and other portions of my portfolio and reduce some equity in my hous...
by Maverick3320
Wed Jun 17, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13333

Re: Parents in a tough situation for retirement

I have a new Colombian friend. He does a lot with his family and his mother helps him so much in his daily business dealings. He told me that when she is too old to work, they will take her in and take care of her. No strings attached. My mother is 68 and she works as a person who "stays" with olde...
by Maverick3320
Tue Jun 16, 2020 2:14 pm
Forum: Personal Consumer Issues
Topic: Psychologist career pros and cons
Replies: 23
Views: 2058

Re: Psychologist career pros and cons

OP, Not a psychologist, but married to one. I can't answer the "ageism/sexism etc" stuff, but I would say that one shouldn't pick a career based on that over, say, what someone is interested in. Many psychologists are private practice anyway, so who is going for fire them for being too experienced? ...
by Maverick3320
Tue Jun 16, 2020 1:56 pm
Forum: Personal Consumer Issues
Topic: Psychologist career pros and cons
Replies: 23
Views: 2058

Re: Psychologist career pros and cons

I am asking this question for a girl in high school. Is my understanding of psychologist career pros and cons correct? Pros: - No offshore-ism. Are you sure about this? There has been a push to tele-medicine in the last couple years, and a step-change in acceptance of remote doctors appointments wi...
by Maverick3320
Tue Jun 16, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

...Identify an upcoming neighborhood... I've seen you mention this a couple times. I think the term you want is "up-and-coming" but, in any case, this sounds a lot like "identify stocks that will go up." One can know where wealthier people have been moving and causing values and rents to rise, but ...
by Maverick3320
Tue Jun 16, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

the reason the result is so different is because your leverage ratio is different for each investment scenario. Exactly My think is that without leverage, stocks and housing have a similar return and risk If you invest in houses with leverage, perhaps the more fair comparison would be using a lever...
by Maverick3320
Tue Jun 16, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

OP, I find this ongoing post kinda odd. It's like you're having to argue tit-for-tat back on any opposing view. I get it, I have rental properties and they work/have worked for my particular situation. Each property probably would only require one 8 eight hour work day of work per year if they are ...
by Maverick3320
Tue Jun 16, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

TropikThunder wrote:
Fri Jun 12, 2020 11:19 am
Why do so many RE evangelists seem to take it personally when others say “nah, I’m not interested”?
Or when they are asked to show their numbers?
by Maverick3320
Sun May 31, 2020 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

OP, Still waiting for you to show us your real estate spreadsheet numbers. You've been telling us how awesome you have been doing - when do we actually get to see it? I would rather invest my money in real estate than leasing a luxury car that you can't afford. I have no idea what that has to do wi...
by Maverick3320
Sat May 30, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

OP,

Still waiting for you to show us your real estate spreadsheet numbers. You've been telling us how awesome you have been doing - when do we actually get to see it?
by Maverick3320
Sat May 30, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: What Is the Stock Market Even for Anymore?
Replies: 25
Views: 3750

Re: What Is the Stock Market Even for Anymore?

Small business is reflected in the markets one way or another.
by Maverick3320
Thu May 28, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

OP, Since starting this thread you've posted dozens of pithy one-liners in response to questions. Why not just put all the doubters in their place and open up your books? Show all the ignoramuses out there the spreadsheet you've used to track all your real estate expenses and revenues back to the t...
by Maverick3320
Thu May 28, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116821

Re: Why are you NOT buying rental properties?

OP, Since starting this thread you've posted dozens of pithy one-liners in response to questions. Why not just put all the doubters in their place and open up your books? Show all the ignoramuses out there the spreadsheet you've used to track all your real estate expenses and revenues back to the ti...
by Maverick3320
Fri May 22, 2020 10:04 am
Forum: Personal Investments
Topic: What to do with cash?
Replies: 32
Views: 5168

Re: What to do with cash?

Jack FFR1846 wrote:
Fri May 22, 2020 8:24 am
Name the car. That would be a very well bought 996 turbo in my book. Will not depreciate. They aren't skyrocketing like the air/oil cooled cars but they're slowly rising.
May not depreciate, but what the does the maintenance cost?
by Maverick3320
Tue Apr 21, 2020 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Are we spending too much on a house? 28yo & 24yo
Replies: 89
Views: 6225

Re: Are we spending too much on a house? 28yo & 24yo

If it was me, there is no way I would touch that with a 10-foot pole. You are going to be house poor. Most of America is house-poor. How do you think most sales have been occurring over the last 30 years? Special programs - FHA, VA, piggy-back loans, ARMs, PMI. A lot of activity would not have occu...
by Maverick3320
Wed Apr 08, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: Modern Monetary Theory
Replies: 97
Views: 6806

Re: Modern Monetary Theory

Just because we've gone through a patch where we don't have an inflation problem, doesn't mean it's now impossible to ever again have inflation. It's amazing to me how many people really believe this. Almost like saying because we've gone 12 years or so without a recession, it's something we've mas...
by Maverick3320
Mon Apr 06, 2020 11:19 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 56750

Re: How to get Toilet Paper ? seriously.

Buy kleenex.
by Maverick3320
Fri Apr 03, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Lifespan assumptions and personal finance
Replies: 31
Views: 1853

Re: Lifespan assumptions and personal finance

No. At least in my opinion. Society has known about 2 world wars, several other international wars. HIV/AIDS. SARS. MERS. 9/11. Vaping. Alcoholism. Mental illness. Mass gun violence. While you said personal, society, like guessing the gumballs in the machine, tends to revert to the mean. And I thin...
by Maverick3320
Fri Apr 03, 2020 11:29 am
Forum: Investing - Theory, News & General
Topic: Isnt shale oil industry more of risk factor than covid itself?
Replies: 45
Views: 3199

Re: Isnt shale oil industry more of risk factor than covid itself?

I don't think the shale industry in and of itself is large enough to cause a nationwide depression. From what I understand, once the fixed costs are made (creating the wells and installing the equipment) the variable costs are extremely low. Obviously not as low as Saudi Arabia's, but low enough tha...
by Maverick3320
Fri Apr 03, 2020 11:26 am
Forum: Personal Investments
Topic: Need help deciding whether to sell home -- complicated market question
Replies: 12
Views: 924

Re: Need help deciding whether to sell home -- complicated market question

Personal anecdote: two days ago I sold my old house for 96% of asking price. MCOL city, was on the market for about 48 hours. Had 10+ showings yet to be conducted as well. I suspect I didn't negotiate as hard as I could have...but bird in the hand and all that.
by Maverick3320
Thu Mar 26, 2020 1:37 pm
Forum: Investing - Theory, News & General
Topic: There Is No Gold
Replies: 160
Views: 12494

Re: There Is No Gold

james22 wrote:
Thu Mar 26, 2020 1:30 pm
If you own gold, you likely own lead too.
Good quote, but you're going to need a lot of lead (and training) if it ever comes to that point.
by Maverick3320
Thu Mar 26, 2020 11:37 am
Forum: Investing - Theory, News & General
Topic: There Is No Gold
Replies: 160
Views: 12494

Re: There Is No Gold

Someone explain the gold hoarding to me.

From what I understand, if the world has come to the point where gold is being used as THE currency, someone bigger and badder is just going to come along and kill you and take it.
by Maverick3320
Fri Mar 13, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1639
Views: 135089

Re: Coronavirus (Consumer Issues) How you are preparing?

We have a number of threads on Coronavirus, but I want this one to specifically focus on consumer issues and how you are preparing. The way I see it, risk of infection is not the same as risk of quarantine; or to put things even more broadly, risk of weathering the effects of quarantine. I do not n...
by Maverick3320
Fri Mar 13, 2020 12:25 pm
Forum: Investing - Theory, News & General
Topic: NCAA cancels March Madness tournaments
Replies: 51
Views: 2553

Re: NCAA cancels March Madness tournaments

Once again, I can’t tell what is real and what is satire. Do you not see how canceling large gatherings of people from all over the country would slow the spread of a virus? A virus that threatens to overrun our healthcare system? We have 1500 or so official infections and 40 confirmed deaths. The ...
by Maverick3320
Fri Mar 13, 2020 12:15 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7511

Re: How is this pandemic different than 2008?

2008-2009 was caused by financial fraud and gambling. Current situation is caused by a health scare which impacts human behavior. People are scared and it is reflected in our markets. Fear for saving vs fear of death. I’ve been to the local grocery store and there are no drastic shortages yet. No h...
by Maverick3320
Fri Mar 13, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: How is this pandemic different than 2008?
Replies: 137
Views: 7511

Re: How is this pandemic different than 2008?

This is a virus that leaves 80% of people infected feeling fine, 20% of people ill enough to need medical attention, and of that 20% - almost all of them will live. Why bother with facts? Especially when the overall mortality rate will be even lower as the confirmed cases total increases - since mo...
by Maverick3320
Sat Feb 15, 2020 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Tax benefits to getting married?
Replies: 3
Views: 531

Tax benefits to getting married?

Good morning everyone. I was talking to a friend at dinner last night who insisted that married filing jointly is better for a married couple. I notice that the tax brackets this year don't seem to benefit a married couple (i.e, the tax rate stays the same for a tax return that doubles the income) a...
by Maverick3320
Sat Feb 08, 2020 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Physician assistant salary?
Replies: 39
Views: 7611

Re: Physician assistant salary?

For those looking to military options, I do want to throw out another possibility. The Army National Guard (and possibly Air Guard?) sends students to IPAP as well. They pay you while you are at the two-year program (I would guess around 60k/year while in training), and then once you get out, you ha...
by Maverick3320
Sat Feb 08, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Physician assistant salary?
Replies: 39
Views: 7611

Re: Physician assistant salary?

fru-gal wrote:
Sat Feb 08, 2020 9:06 am
I will just point out something people seem not to mention, which is that in the military you can wind up damaged or dead.
I don't think many military PAs have died in the line of duty recently.
by Maverick3320
Sat Jan 18, 2020 2:12 pm
Forum: Personal Consumer Issues
Topic: Paying for vices (like cigarettes)
Replies: 72
Views: 6564

Re: Paying for vices (like cigarettes)

No, there is no concern about using your credit card. This ^^^ I'd question whether you should be giving cigarettes to people which will negatively impact their life expectancy, but that's a different question. And an inappropriate question at that. You dont get to choose someone else lifestyle as ...
by Maverick3320
Mon Dec 30, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice for a newly married late 30's couple
Replies: 6
Views: 846

Financial advice for a newly married late 30's couple

Good morning everyone. I recently got married and I'm looking for "newly married and having a child soon finances 101" information. Our info: Him- 38, 120k/year, military pension in 10 years Her - 37, 110k/year, state pension (WI) in 20 years We just bought a new house for $415,000 and put 20% down ...
by Maverick3320
Tue Nov 19, 2019 6:06 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 229
Views: 16247

Re: Toughest Purchase of my Life. Engagement Ring time

Wow, $7800 is a lot to spend on an engagement ring. Would she be happy with a simple gold band? Gold holds its value better than diamonds, real or fake. It has an ancient history, is naturally beautiful, and while not as good as stocks, does seem to hold its value over time. A good friend of mine b...
by Maverick3320
Wed Oct 23, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: Carpeting-Costco or Home Depot?
Replies: 34
Views: 28641

Re: Carpeting-Costco or Home Depot?

Well all I can tell you is that maybe where you live it is different,or you went to the wrong local guys.The flooring industry is pretty simple.The smaller local guys pay pretty close to what home depot does to buy materials.If you have a local small guy who knows what he is doing,they have plenty ...
by Maverick3320
Tue Oct 08, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: NY Times $1 per week digital
Replies: 41
Views: 6750

Re: NY Times $1 per week digital

Still not worth it. 10 years ago, maybe.
by Maverick3320
Tue Sep 10, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can this girl "go wild?"
Replies: 33
Views: 5513

Re: Can this girl "go wild?"

My step-mom's mother died in early 2017. I think she was in her early 90s. Her and her husband bought a basic one story house in San Jose in 1976 for $45,000. When she died, her kids put it on the market for $1.6M. It sold for $2.5M. You can't take it with you. Maybe she just liked the house?
by Maverick3320
Sat Aug 31, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 10702

Re: Federal Employee Burn or Sick Leave [before retirement]

Public servants - always the favorite whipping post. What to do when you take sick leave when you are burned out? does that count? and what if you are burned out because you are one of the few they can count on to be highly productive and responsible? Doesn't the work always flow in the direction o...
by Maverick3320
Sat Aug 17, 2019 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Lisbon cheap compared to many of the cities Western Europe?
Replies: 20
Views: 3435

Re: Why is Lisbon cheap compared to many of the cities Western Europe?

catalina355 wrote:
Fri Aug 16, 2019 6:00 pm
Watty wrote:
Fri Aug 16, 2019 4:43 pm
Probably because it is one of the poorest countries in Western Europe.

https://en.wikipedia.org/wiki/List_of_s ... per_capita
GDP per capita is not the same as cost of living.
In your opinion, why is Lisbon so much cheaper?
by Maverick3320
Thu Aug 08, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lender won't give rate with pre-approval
Replies: 11
Views: 796

Re: Mortgage Lender won't give rate with pre-approval

Go through a mortgage broker. They will supply a pre-approval letter and likely a better rate than your credit union (and if not, you can always go with the credit union). They won't make you pay an upfront fee. How does this process work? Any suggestions on who we should use? I've used LendingTree...
by Maverick3320
Thu Aug 08, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Lender won't give rate with pre-approval
Replies: 11
Views: 796

Mortgage Lender won't give rate with pre-approval

Morning everyone. The lady and I are looking at buying a house through a local credit union that we have both banked with for years. We've been house shopping for around six months now and our previous pre-approval with said credit union just expired. When we went to renew the pre-approval, the cred...
by Maverick3320
Mon Aug 05, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 8215

Re: Financial anxiety and next steps in relationship

You write as if only men in the position to make difficult financial decisions with regard to relationships. Cyclesafe was responding to a man's post and offering the male point of view, I don't see how the post was written "as if only men in the position to make difficult financial decisions with ...
by Maverick3320
Mon Aug 05, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Financial anxiety and next steps in relationship
Replies: 102
Views: 8215

Re: Financial anxiety and next steps in relationship

Many men have faced this Hobson's choice and will do so in the future. OP should google elsewhere to see how men have (for better or worse) handled (or wish they had handled) this situation. Google it for what, so he can find his way over to toxic "redpill" communities filled with losers and bitter...
by Maverick3320
Sun Jul 21, 2019 5:54 am
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 95
Views: 9170

Re: MBA worth it?

DoctorPhysics wrote:
Sun Jul 21, 2019 12:00 am
Hi there, just like the title says.. is an MBA worth it? They look very expensive, 75k/year to 200k/year if I read what I browsed correctly.

So is an MBA worth it? As in a worthwhile investment on future career growth and likely income?
Which MBA are you seeing that costs $200,000 a year?