Search found 223 matches

by London
Sat Apr 10, 2021 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3535

Re: Remodel during housing hysteria?

I would tear down and build new with a twist. I would contact a modular builder. This is where they build off site and then combine those pieces and finish on site. This is a very high quality build. The reason I would do this is that it would allow me to keep living in the current house for most of...
by London
Thu Apr 08, 2021 6:53 am
Forum: Personal Consumer Issues
Topic: How much $$ to get kitchen cabinets painted?
Replies: 42
Views: 4100

Re: How much $$ to get kitchen cabinets painted?

I did this myself in my old house. Despite being a small kitchen, it was a ton of work. Despite being fairly methodical and handy, the results weren’t what I had hoped. Probably 60 hours of labor all in. For my new house, which has a very large kitchen, we decided to get it done. After getting revie...
by London
Thu Apr 01, 2021 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Previous Salary req before offer
Replies: 24
Views: 2073

Re: Previous Salary req before offer

Until a year or so ago when NY made this question illegal, this was a requirement for any Wall St job. You couldn’t play the wording games suggested in this thread as you would also be expected to show a pay statement and a deferred comp statement. So feel free to take a hard line as other have sugg...
by London
Thu Apr 01, 2021 9:16 am
Forum: Personal Finance (Not Investing)
Topic: estimate of home value on real estate sites, which site (if any) is 'most accurate'?
Replies: 22
Views: 2695

Re: estimate of home value on real estate sites, which site (if any) is 'most accurate'?

The Zillow and Redfin estimates for my house are $800k apart. Not a joke. Redfin is the lower estimate. Based on watching the area, the true value is probably somewhere in the middle.
by London
Tue Mar 30, 2021 12:50 pm
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10619

Re: Curious about negative expat experiences -- why don't more people do it?

This one is pretty specific but when Lehman went under, they obviously defaulted on all contracts including the housing of their expats. That put all the expats on the hook to cover the costs (very high) or vacate. During a time where your employer just went under, that caused a pretty unpleasant / ...
by London
Mon Mar 29, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 211
Views: 31159

Re: More advice for BigLaw Survivor, please?

PP. I hear what you're saying. I truly do. It's just that my strategy so far -- buy and hold, and don't overspend -- has served me very well for decades and I'm loathe to change it now. Not to mention that right now we have $400,000 in cash, which is two years' living expenses for us. $200k/yr is n...
by London
Sat Mar 27, 2021 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retire vs resign - Is there a difference?
Replies: 81
Views: 8130

Re: Retire vs resign - Is there a difference?

At my large investment bank, you can choose “full career retirement” and leave after a certain number of years of service. The difference versus just resigning is that you can keep your deferred compensation. This is only offered one time a year.
by London
Fri Mar 26, 2021 12:24 pm
Forum: Personal Consumer Issues
Topic: Selling a Rolex
Replies: 24
Views: 2550

Re: Selling a Rolex

I’ve sold a few watches this year, mainly to private parties using timezone.com. I definitely wouldn’t get it serviced before selling. You won’t make it back. The discount to a newly serviced watch isn’t an equal price.

Good luck and choose a buyer you can verify.
by London
Thu Mar 25, 2021 7:42 am
Forum: Personal Consumer Issues
Topic: House inspection report
Replies: 22
Views: 2374

Re: House inspection report

This doesn’t seem like a big deal to me. Your inspection would tell you if it’s damp. Assuming it’s not, it’s just an older drywall patch. Houses accumulate these over the years for a variety of reasons.
by London
Wed Mar 24, 2021 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 412
Views: 49429

Re: Tales from this insane real estate market

I recently bought a second home (condo) in Atlanta. I was inform that only offers that were at least at the asking price would be considered. That wasn’t shocking. I was surprised that the bank waived the appraisal. That tells me that we’ve either lost faith in the appraisal process or lending stand...
by London
Tue Mar 23, 2021 5:27 pm
Forum: Personal Consumer Issues
Topic: Apple iPad, 8th generation (10.2)
Replies: 8
Views: 931

Re: Apple iPad, 8th generation (10.2)

I just had to replace an IPad Air 2 with the model you’re talking about. I honestly didn’t notice much difference.
by London
Sat Mar 20, 2021 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: House buying negotiations
Replies: 122
Views: 9745

Re: House buying negotiations

Sounds like this isn’t the house for you.
by London
Fri Mar 19, 2021 5:51 am
Forum: Personal Finance (Not Investing)
Topic: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too
Replies: 211
Views: 12196

Re: National Reputation of Worcester Polytechnic Institute (WPI)? other input welcome too

I run a technology group for a major investment bank and we recruit from WPI. Recruiting there is very competitive and only about half the students accept our offers.
by London
Thu Mar 18, 2021 12:23 pm
Forum: Personal Consumer Issues
Topic: Selling a new construction home - should I plant a yard
Replies: 24
Views: 1302

Re: Selling a new construction home - should I plant a yard

This all depends on your local real estate market. The market where I live is so hot right now that you could have a pile of burning tires on your all dirt lawn and get multiple offers. Your realtor will probably know the local market best.
by London
Fri Mar 12, 2021 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with a necessary future move?
Replies: 11
Views: 671

Re: Buying a house with a necessary future move?

thethinker wrote: Fri Mar 12, 2021 8:31 am
abuss368 wrote: Fri Mar 12, 2021 8:23 am I probably would not buy a home to live in for only 5 years. Too costly and you will probably end staying longer than 5 years.

Tony
So, am I to understand you’d suggest renting for 5-7 years?
Unless you have someone’s couch to crash on, is there another option if you aren’t buying?
by London
Tue Mar 09, 2021 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Loan Depot Refinance- $10,000 gone poof!!!
Replies: 25
Views: 6052

Re: Loan Depot Refinance- $10,000 gone poof!!!

arcticpineapplecorp. wrote: Tue Mar 09, 2021 4:10 pm don't look like they got good reviews:
https://www.google.com/search?client=fi ... depot+scam

are they for people with lower credit (620s)?
They are perfectly reputable. I’ve used them twice in the last 12 months with no issues
by London
Sun Mar 07, 2021 11:21 am
Forum: Personal Finance (Not Investing)
Topic: First Republic line of credit - 100k @ 2.25%, any concerns?
Replies: 46
Views: 5103

Re: First Republic line of credit - 100k @ 2.25%, any concerns?

Please omit my credit card comment if that’s a distraction. But for the record, here’s a ~6.25% credit card: https://www.lmcu.org/personal/banking/credit-cards/prime-platinum-visa/ The point is, this isn’t a free lunch to take and play arbitrage pretend. This rate - accounting for opportunity cost ...
by London
Sun Mar 07, 2021 7:33 am
Forum: Personal Finance (Not Investing)
Topic: First Republic line of credit - 100k @ 2.25%, any concerns?
Replies: 46
Views: 5103

Re: First Republic line of credit - 100k @ 2.25%, any concerns?

If you only needed to borrow $30k you would only need $6k in checking Gotcha. Then I guess the effective rate is ~2.8125%. (2.25 * 1.25) at a minimum and higher, right? You need a $6k checking requirement to secure a $30k loan. But then you only draw 6k. Is your effective rate 4.5%? (Whereas you co...
by London
Sat Mar 06, 2021 7:31 am
Forum: Personal Consumer Issues
Topic: Ebay shipping to China - Any Issues about Fraud?
Replies: 15
Views: 892

Re: Ebay shipping to China - Any Issues about Fraud?

:twisted: Am I as the seller better protected using Ebay's Global Shipping Program? I'm asking because Ebay always sides with the buyer, and my concerns with shipping to China are predominantly 1. Buyer fraud (e.g. claims that item was never received, is damaged, or is the wrong item) 2. Customs (Ch...
by London
Wed Mar 03, 2021 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my children to spend time applying for scholarships?
Replies: 29
Views: 1517

Re: Should I encourage my children to spend time applying for scholarships?

I offer a scholarship at my high school. Not huge money but I thought it would be fun. I usually ask a cheeky question and hope for an equal response. Response rates were so low that one year the question was “How much do I need to give away to get people to care about this scholarship?” I’d definit...
by London
Sun Feb 28, 2021 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 29
Views: 3010

Re: Can we afford this house?

The only comment I have is regarding the MIL suite. We live with my MIL. She has her own suite with kitchen, bedroom, living room, office and entrance. She can close a door and be separated from us completely. She's awesome, but we were looking at homes originally with a first floor master, where h...
by London
Sat Feb 27, 2021 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Going into business with family
Replies: 113
Views: 5929

Re: Going into business with family

In bogleheads, the other guy in any business topic is always Tony Sprano or Warren Buffet. Every business idea is a resounding no. This is a risk averse group. Take the meeting, hear him out and the decide. You’re a smart adult, capable of making decisions in your own best interest. If you don’t lik...
by London
Mon Feb 15, 2021 7:44 am
Forum: Personal Consumer Issues
Topic: Best healthy meal delivery service
Replies: 29
Views: 3046

Re: Best healthy meal delivery service

Anyone use and love their meal delivery service? Bogleheads seem to be a health conscious and money conscious bunch. Both things I value. :) I use Daily Harvest for their smoothies. It's just great to have these cups of premixed veggies and fruits in my freezer for a snack or a quick meal. I have t...
by London
Sun Feb 07, 2021 7:52 am
Forum: Personal Consumer Issues
Topic: Can you get a job from taking a "Coding Bootcamp"?
Replies: 63
Views: 5168

Re: Can you get a job from taking a "Coding Bootcamp"?

I run a tech group for a large investment bank and we have definitely tried to hire out of boot camps. While I agree that some of the skills taught are irrelevant to our needs, I find that the people we hire are self taught coders looking for a certificate to legitimize their skills rather than lear...
by London
Sat Feb 06, 2021 12:44 pm
Forum: Personal Consumer Issues
Topic: Ski racks?
Replies: 8
Views: 316

Re: Ski racks?

Transporting the cross bars is going to be your problem if you want it to be portable. I had Yakima towers on my old car and they were sturdy and easy to put on. The whole process was 15 mins. But the cross bars were slightly wider than the car. You might be able to slide them in the ski bag you are...
by London
Fri Feb 05, 2021 11:52 am
Forum: Personal Consumer Issues
Topic: Money for Wedding [Looking for Advice]
Replies: 60
Views: 3445

Re: Money for Wedding Advice

Nah. Studies show the more expensive the wedding, the quicker the divorce. https://www.cnn.com/2014/10/13/living/wedding-expenses-study/index.html Just one of many citations. You may be right. But a study of 3,400 people, who completed to collect $0.75, doesn’t mean much in the overall scheme of th...
by London
Fri Feb 05, 2021 7:02 am
Forum: Personal Consumer Issues
Topic: Money for Wedding [Looking for Advice]
Replies: 60
Views: 3445

Re: Money for Wedding Advice

Plan sounds ok to me. As long as you can afford it, you’re doing something nice for them.
by London
Fri Feb 05, 2021 5:55 am
Forum: Personal Consumer Issues
Topic: Any Minimalists on here?
Replies: 300
Views: 30273

Re: Any Minimalists on here?

Toons wrote: Wed Feb 03, 2021 8:41 pm Yes



:mrgreen:
Best response. Apparently, other than you, minimalists aren’t minimal when it comes to talking about it.
by London
Thu Feb 04, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: New construction in Delaware
Replies: 7
Views: 707

Re: New construction in Delaware

I’m always amazed how localized real estate customs are when it comes to attorneys. I live in Monmouth County, NJ (central) and have used an attorney for all my local real estate transactions. I had a residential real estate deal in Cape May county, NJ (south) and everyone looked at me like I had tw...
by London
Sat Jan 30, 2021 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying House from Owner - Price Determination?
Replies: 7
Views: 721

Re: Buying House from Owner - Price Determination?

Call me old fashioned but I’d make an offer and see what they say. You must be looking at houses in the area to give you an idea of what it’s worth. Take that number, subtract 5% and give them a call.
by London
Thu Jan 28, 2021 5:51 pm
Forum: Personal Consumer Issues
Topic: Careers - Flagship State vs Top Tier Private
Replies: 162
Views: 8307

Re: Careers - Flagship State vs Top Tier Private

Depends on the person and depends on the career.
by London
Tue Jan 26, 2021 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Talk me out of buying a Porsche 911 as an investment....
Replies: 103
Views: 7117

Re: Talk me out of buying a car as an investment....

49 years old. A sports car. Sounds like a mid life crisis. Paper profits. Itching to spend that money by rationalizing. What are you getting the wife, the passenger seat? Wow! I think buying this car is a bad idea but I don’t subscribe to the idea that any fun purchase over the age of 49 is a midli...
by London
Tue Jan 26, 2021 8:38 am
Forum: Personal Consumer Issues
Topic: Fair price for all inclusive and family of 5?
Replies: 21
Views: 2481

Re: Fair price for all inclusive and family of 5?

I took a family of five to Sandos in 2019 and paid more than that. We had a great time. The food was very average but it wasn’t a gig deal. Should be a fun trip for you.
by London
Mon Jan 25, 2021 3:20 pm
Forum: Personal Consumer Issues
Topic: Town A vs Town B
Replies: 75
Views: 5257

Re: Town A vs Town B

Tough decision but one comment would be real doubt about the idea drugs are more of a problem in affluent communities, as several responses have said or implied. I think that's based on a populist social (not talking politics) notion that less well off people are more 'salt of the earth'. It's also...
by London
Mon Jan 25, 2021 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to report an H&R Block software bug
Replies: 6
Views: 558

Re: How to report an H&R Block software bug

I found an H&R Block bug a couple years ago on a NYS form. I called customer service and attempted to talk them through it. They had no idea what I was talking about. Eventually they passed me on to someone who created a ticket. They eventually made the correction but it took a very long time. I...
by London
Mon Jan 25, 2021 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Buying before Selling Existing Home
Replies: 33
Views: 2590

Re: Buying before Selling Existing Home

Every house sells quickly for the right price. You just have to decide how long you want to hold out hoping to get “your” price. Whenever I see a house on the market for a long time, I assume that the sellers view on market price is very different than the actual market view. They are effectively wa...
by London
Sat Jan 23, 2021 9:49 am
Forum: Personal Finance (Not Investing)
Topic: NY Telecommute Tax for Independent Contractor whose only client is in NY
Replies: 14
Views: 1186

Re: NY Telecommute Tax for Independent Contractor whose only client is in NY

Curious, but how does NYS endroce this if no 1099 (say, scorp)? does it matter? this is their law, if it bothers someone, they just bake it into their rates to account for it.. Its more administrative guidance than law. There are decent arguments that the states do not have the authority to tax out...
by London
Fri Jan 22, 2021 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: House Sold to me with Possible Illegal Tenant/Illegal Unit
Replies: 44
Views: 6216

Re: House Sold to me with Possible Illegal Tenant/Illegal Unit

You bought the type of rental where this stuff happens. I have friends that own these types of rentals and there are many semi-shady rental arrangements. Chances are that whoever rents the “illegal” space, doesn’t care or want to draw attention to it. I’m guessing the rent is mostly paid in cash. Y...
by London
Thu Jan 21, 2021 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: House Sold to me with Possible Illegal Tenant/Illegal Unit
Replies: 44
Views: 6216

Re: House Sold to me with Possible Illegal Tenant/Illegal Unit

You bought the type of rental where this stuff happens. I have friends that own these types of rentals and there are many semi-shady rental arrangements. Chances are that whoever rents the “illegal” space, doesn’t care or want to draw attention to it. I’m guessing the rent is mostly paid in cash. Yo...
by London
Thu Jan 21, 2021 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire Parents: Do Your Kids Know You're Rich?
Replies: 194
Views: 11087

Re: Millionaire Parents: Do Your Kids Know You're Rich?

My kids are small but they aren’t dummies. They understand that we can do pretty much whatever we want (within reason). We don’t need to have a financial conversation for them to understand that we are very fortunate.
by London
Tue Jan 19, 2021 6:56 am
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 152
Views: 13887

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

Kagord wrote: Tue Jan 19, 2021 6:12 am My rule of thumb is 1% of net worth on the current retail value of all cars you own, so yeah, OP can't afford it in my book.
Not only can the OP not afford it, almost no one can afford to drive anything. Assuming this isn’t sarcasm, this is preachy internet nonsense at its best.
by London
Mon Jan 18, 2021 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Family support for an artist
Replies: 188
Views: 10961

Re: Family support for an artist

I can't imagine that things would be great between my wife and her sister if her parents left her a $600k house + inheritance (their actual plan) and hardly anything for my wife because she is financially independent. Wow, that is not ok. The awkward part is that you can't really complain about it ...
by London
Sat Jan 16, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: YOLO vs BH
Replies: 97
Views: 9690

Re: YOLO vs BH

My view is that society subsidies YOLO, at least in the US. Ethics aside, you can absolutely save very little, accumulate a ton of debt you never plan to pay back and be assured of very few repercussions. You mean other than living out the remainder your life as poor on public assistance? Do you ac...
by London
Fri Jan 15, 2021 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: YOLO vs BH
Replies: 97
Views: 9690

Re: YOLO vs BH

My view is that society subsidies YOLO, at least in the US. Ethics aside, you can absolutely save very little, accumulate a ton of debt you never plan to pay back and be assured of very few repercussions. Let’s say you choose to live as if you will die at 70. You can change your withdrawal rate to e...
by London
Tue Jan 12, 2021 7:34 pm
Forum: Personal Consumer Issues
Topic: Speed Queen Washer & Dryer
Replies: 24
Views: 2054

Re: Speed Queen Washer & Dryer

I just bought a new washer and dryer and checked into Speed Queen based on everything I’ve read here. The only reason I didn’t buy was the limited capacity. The top of the line washer model checks in at 3.2 c/ft. That doesn’t work for us when there are many options at 5+ C/ft.
by London
Sun Jan 10, 2021 7:16 am
Forum: Personal Consumer Issues
Topic: Purchasing an overpriced vintage item
Replies: 26
Views: 2198

Re: Purchasing an overpriced vintage item

You’re talking about a delta of $400. If you can afford that and really want whatever this is, go ahead. I’ve spend $400 on meals and didn’t regret it. Let’s not miss out on the things we want in life over small amounts of money.
by London
Fri Jan 08, 2021 2:03 pm
Forum: Personal Consumer Issues
Topic: Is joining a country club a liability?
Replies: 57
Views: 5291

Re: Is joining a country club a liability?

crefwatch wrote: Fri Jan 08, 2021 10:14 am Are you sure you are making a decision about your family?
That’s what parents do, they make decisions based on the perceived needs of their family.
by London
Thu Jan 07, 2021 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and division of real estate
Replies: 10
Views: 1205

Re: Inheritance and division of real estate

Good lord, I’m definitely not making installment payments to any of my kids to make them whole on something they don’t own.
by London
Wed Jan 06, 2021 9:43 am
Forum: Personal Consumer Issues
Topic: Is joining a country club a liability?
Replies: 57
Views: 5291

Re: Is joining a country club a liability?

I’ve never understood people’s concerns about keeping up with the Joneses. No one at the club is going to hold a gun to your head. And no one there is going to care about your individual lifestyle. I moved to a very high end town and my wife had these concerns before we got here. Only then did she r...
by London
Mon Jan 04, 2021 12:49 pm
Forum: Personal Consumer Issues
Topic: Best age for "bucket list" trips with kids
Replies: 40
Views: 2921

Re: Best age for "bucket list" trips with kids

Our Ireland trip with the kids (5,4,1) was one of the best vacations we ever had. The little guy doesn’t remember it, but that doesn’t take away from the trip.