Search found 1283 matches

by IMO
Tue Apr 13, 2021 6:04 pm
Forum: Personal Consumer Issues
Topic: Flooring decisions for whole house - tile vs laminate
Replies: 31
Views: 2908

Re: Flooring decisions for whole house - tile vs laminate

We've had both laminate and ceramic/porcelain tile in various homes, and I would never choose laminate again. Its water resistance is poor; unless surface water is dried in fairly short order, the seams will swell up permanently. Almost any water getting under it will ruin it. And tile is far more ...
by IMO
Tue Apr 13, 2021 3:26 pm
Forum: Personal Consumer Issues
Topic: Did you move for better weather? Did you regret it?
Replies: 188
Views: 19370

Re: Did you move for better weather? Did you regret it?

Volcano, Hawaii. 50 degF at night and 80 in the daytime. Nice. I love jacket weather. I do not live there, but I want to go back and stay for a while. Waimea (Big Island) is a close second. I think the solution, at least for the FI crowd, is to snowbird or reverse-snowbird, depending on your prefer...
by IMO
Tue Apr 13, 2021 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 128
Views: 9995

Re: Buying a Home in SoCal

I don't get the rental property in your situation. A $500K mortgage and your netting $500/month after expenses (normal expenses I should add, not counting unforeseen expenses I suspect). I'm presuming rental is not in same area (back in Texas?). If it's in same area, then just move into your rental....
by IMO
Tue Apr 13, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Shopping
Replies: 7
Views: 703

Re: Mortgage Shopping

I don't know if you can also determine/shop for how long it will take for one's mortgage to close. Were doing a refinance with Navy Federal, and we're going on 4 months and still haven't closed (and we've provided any documents asap when requested). Not sure if that's a common problem? Maybe start n...
by IMO
Tue Apr 13, 2021 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4891

Re: Do budgets work?

Yes, it works. You can't manage what you don't measure. Just writing down what you eat (and the calories) can help you "budget" a diet and lose weight. It works the same with your money expenditures. The act of paying attention to it gives you more ability to make higher minded choices to...
by IMO
Tue Apr 13, 2021 1:25 am
Forum: Personal Consumer Issues
Topic: Routine Plumbing Pipe Maintenance?
Replies: 16
Views: 1291

Re: Routine Plumbing Pipe Maintenance?

Anyone in your house use a lot of thick hair conditioner in the shower? Some hair conditioners can cling as a gelatinous mass inside the PVC pipe and will darken with mold if not cleaned out periodically. I have no idea what the previous owner used or did in the shower. I can’t say that I ever paid...
by IMO
Tue Apr 13, 2021 1:19 am
Forum: Personal Consumer Issues
Topic: Price of lumber / housing boom
Replies: 7
Views: 1618

Re: Price of lumber / housing boom

[quoted post removed by admin LadyGeek] https://www.trinitybuildingsystems.com/education-center/lumber-pricing-2021-reality/ From the article: What Did Disdero Lumber Co. Say About Lumber Pricing In 2021? When we consulted Disdero Lumber in Portland, Oregon, to discuss Lumber Pricing’s outlook in 2...
by IMO
Mon Apr 12, 2021 1:20 pm
Forum: Personal Consumer Issues
Topic: Flooring decisions for whole house - tile vs laminate
Replies: 31
Views: 2908

Re: Flooring decisions for whole house - tile vs laminate

Looked into "water resistant" laminates and other floorings when I replaced floors in multiple homes. Have done full LVP throughout and LVP with existing tile left in places like kitchen, bathrooms and entry. I do not think the concept of water resistant is really sufficient to protect fro...
by IMO
Mon Apr 12, 2021 12:40 pm
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 55
Views: 7634

Re: Tire experts? Can I trust a patched tire?

I think I drove longer than the OP on an even lower-inflated tire....and as I finally got off the highway onto the shoulder the tire (rear, 16000 miles on it) was half off the rim (but it seemed to have come off only as I was slowing down and turning onto the shoulder..that's when I felt all the ru...
by IMO
Mon Apr 12, 2021 12:11 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4591

Re: The Great Swing Set Dilemma

We bought one of those big swing/play sets you can get from Costco/Sam's Club. Went through the whole process of building it, finding each piece/right hardware. Unfortunately, it just didn't get used much at all by our kid. It did end up being a sort of dog house the dogs used for shelter from the s...
by IMO
Tue Apr 06, 2021 11:29 pm
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7273

Re: Pre buy Disney World tickets as inflation hedge

While I expect costs will rise, I'm very discouraged by the degradation of the vacation experience I was seeing (i.e. pre-covid, before travel shut down.) From cruise ships to theme parks to natural monuments and parks, felt like so many services/little touches were disappearing; crowds/congestion ...
by IMO
Tue Apr 06, 2021 11:14 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22869

Re: Oil change interval for low-mileage vehicles

I use Synthetic AMSOIL Signature series($$$) 0W-20, it says on the bottle 25k miles or 1 year whichever comes first, our Toyota & Lexus cars have not had any engine problems so far. I have never driven 25k miles in a year, so I get the AMSOIL changed yearly. That's overkill. Low mileage drivers...
by IMO
Tue Apr 06, 2021 10:54 pm
Forum: Personal Consumer Issues
Topic: Should I replace 2 or 4 tires?
Replies: 55
Views: 3088

Re: Should I replace 2 or 4 tires?

How often are you rotating your tires? The wear-leveling benefit of rotating tires is you usually end up replacing all 4 tires at the same time. I’ve always preferred this outcome by rotating every ~10k miles. Every 5k miles. I bought the vehicle CPO and the dealer had 2 worn tires replaced with ne...
by IMO
Tue Apr 06, 2021 10:19 pm
Forum: Personal Consumer Issues
Topic: how to determine the cost of medical procedure
Replies: 18
Views: 2109

Re: how to determine the cost of medical procedure

I doubt this will matter with medical health insurance, but we had overlapping dental insurance not too long ago. Thought it would be nice to get 2x the cleanings since we had the insurance. The extra cleanings in our situation would not get covered since we had one within 6 months :oops Then sched...
by IMO
Tue Apr 06, 2021 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4312

Re: Snowbirds - mail and bills

My wife and I will be retired at month's end. We have rented a home out west for 5 months starting in the Fall. We have lined up someone to keep an eye on the house, drive the cars, etc., but I'm wondering how others have handled their mail and paying bills back home while away for an extended peri...
by IMO
Tue Apr 06, 2021 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12758

Re: Anyone else see drastic increase in Zillow value today?

Okay, I'm posting what I feel is real time/accurate data . Area is a very desirable community in Phoenix, all homes were sold in February 2021, and all zillow data is recent that included the recent sale. Homes are all tract homes so no odd outliers: List Price/ Sold Price / CURRENT Zillow estimate ...
by IMO
Tue Apr 06, 2021 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12758

Re: Anyone else see drastic increase in Zillow value today?

While this is fun to look at, does anyone really make decisions based off of it? Unless you're planning to downsize significantly don't you have to live somewhere? If your house is high in value then it's likely the house you're buying is also unless you're planning to move far away. One commenter ...
by IMO
Sat Apr 03, 2021 9:43 pm
Forum: Personal Consumer Issues
Topic: how to determine the cost of medical procedure
Replies: 18
Views: 2109

Re: how to determine the cost of medical procedure

Not sure about other states, but one can self-order and self-pay many common lab tests in Arizona. While this won't get the actual physical part of the exam, it provides significant information. There are even whole body MRI's than one can have done if one self-pays. Provides much more detail than a...
by IMO
Sat Apr 03, 2021 9:32 pm
Forum: Personal Consumer Issues
Topic: Do maintenance free car batteries last as long in warm/hot climates?
Replies: 53
Views: 3156

Re: Do maintenance free car batteries last as long in warm/hot climates?

I know for sure that batteries don’t last nearly as long in hot and dry climate. If you happen to live in a hot and dry area, make sure you purchase extended warranties on batteries. The likelihood of using the extended warranties is very high. I learned that when I moved to Arizona and was having ...
by IMO
Sat Apr 03, 2021 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Rental Investment or Cheap Vacation Home [or a mix of both?]
Replies: 13
Views: 1717

Re: Bad Rental Investment or Cheap Vacation Home [or a mix of both?]

If you're going this route, why note just purchase 1/4 of the unit? That would be 1/4 of $500K price ($125K), 1/4 of $2000 month fees ($500/month or $6000 yr), and probably fit better into actual use of this 2nd home/vacation property. Why worry about having to rent out the other time? Is that not a...
by IMO
Sat Apr 03, 2021 3:24 pm
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22869

Re: Oil change interval for low-mileage vehicles

Is there is specific science behind the 1 year interval? I understand the thought of condensation, but isn't the oil in an essentially closed system? What's somewhat odd is that for a typical wakeboard boat, the manual says to change the oil BEFORE winter storage. Shouldn't that instead be done 1st ...
by IMO
Sat Apr 03, 2021 2:58 pm
Forum: Personal Consumer Issues
Topic: Should I reconsider Solar? Did I miss the boat?
Replies: 31
Views: 2264

Re: Should I reconsider Solar? Did I miss the boat?

OP, it is a difficult question. I am looking at it for a home and trying to determine if it does or doesn't make sense. Are you on APS up in Prescott? If so, you need to make sure you look at the pricing plans that are required for solar. Those plans make it more difficult to determine if investing ...
by IMO
Sat Apr 03, 2021 2:28 pm
Forum: Personal Consumer Issues
Topic: Fully Vaccinated and Wondering What Behaviors to Change
Replies: 17
Views: 1576

Re: Fully Vaccinated and Wondering What Behaviors to Change

Before the lock, check the cdc recommended post vaccination behavior. https://www.cdc.gov/coronavirus/2019-ncov/vaccines/fully-vaccinated.html As I said, this is not a thread seeking medical advice. Yes, the post isn't asking for specific medical advice to treat a medical condition, it would be sim...
by IMO
Fri Apr 02, 2021 12:08 am
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 37119

Re: Are we in a housing bubble?

Folks, Unless we have extreme population increase, people are moving from place A to place B. So, if place B is booming, then, place A is going down. If we agree that real estate in some place is booming and where people moving from is busting. Where do those people move from? It is within the USA....
by IMO
Thu Apr 01, 2021 11:39 pm
Forum: Personal Consumer Issues
Topic: Mulch from Costco or Lowes
Replies: 41
Views: 4186

Re: Mulch from Costco or Lowes

Costco. If you ever are not happy with the much you can bring it all back and get your money back . . . .
by IMO
Thu Apr 01, 2021 11:37 pm
Forum: Personal Consumer Issues
Topic: Tankless Water Heater - Struggling to Justify
Replies: 71
Views: 5932

Re: Tankless Water Heater - Struggling to Justify

I would never spend the money on it. All my friends that have them spent a ton of money and have a lot of problems. I've had my 2-40 gallon tanks for 16 years. ZERO problems and they are fairly efficient too. I've been seriously considering a tankless (natural gas) to replace our aging tank heater....
by IMO
Thu Apr 01, 2021 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Do I keep 2 vehicles or 1 vehicle?
Replies: 27
Views: 2785

Re: Do I keep 2 vehicles or 1 vehicle?

I am seeking outside perspective on a vehicle scenario I have been presented with. I have the opportunity to purchase a 5 year old truck valued at 35k for 5k (approximately 85% off). The truck is well maintained and will last for many years. It has a gas guzzling motor and averages approximately 13...
by IMO
Thu Apr 01, 2021 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Questionable offer for as is house
Replies: 16
Views: 2501

Re: Questionable offer for as is house

My family member got in contact with a real estate agent that buys as is homes. They are offering her $400k if she makes a commitment not to sell the house to anyone else. They would give her $50k as downpayment and pay the rest of the house in summer 2022. It is an old house that needs to be torn ...
by IMO
Thu Apr 01, 2021 12:25 pm
Forum: Personal Consumer Issues
Topic: Pre buy Disney World tickets as inflation hedge
Replies: 43
Views: 7273

Re: Pre buy Disney World tickets as inflation hedge

OP, on one hand, your post is kinda funny. It made me curious, adjusting for inflation, how have Disney World (or Disneyland) tickets fared compared to inflation? So back in the good old days, you would go to Disneyland and buy ticket books (including the 1st "E ticket" well ahead of the i...
by IMO
Thu Apr 01, 2021 11:46 am
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2855

Re: Storage Unit Rent Increase

I suspect in 1-2 yrs there will be a glut of post-pandemic bought RV's/trailers on the market. If someone can't keep it at their own property, they will quickly find how expensive storage is and start selling off.
by IMO
Wed Mar 31, 2021 3:33 am
Forum: Personal Consumer Issues
Topic: Second home monies recieved. Gift or Rental?
Replies: 2
Views: 490

Re: Second home monies recieved. Gift or Rental?

I think ultimately, only getting an audit by the IRS could tell you how the money should have been considered between a gift vs. rental income. I think it does sound more like a gift. You let him stay for free without any rental agreement and without any expectation of being financially compensated....
by IMO
Wed Mar 31, 2021 3:06 am
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 82
Views: 17350

Re: Spending money and living now VS saving and living better later?

OP, good news is you are only 32. Even at a typical retirement age of 62, you have 30 yrs left to both live and save. But your question really is a good question. Many good answers given to you, and so my answer is probably just repetitive. Balance is key. As you've seen with your father, the concep...
by IMO
Mon Mar 29, 2021 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Retire vs resign - Is there a difference?
Replies: 81
Views: 8159

Re: Retire vs resign - Is there a difference?

Aside from any specific MC benefits from any difference in the terms, if one is not actually going to stop working and retire from working, there can be connotation differences when looking for one's next job. If someone says they retired from a job it implies they worked a required number of years ...
by IMO
Mon Mar 29, 2021 3:06 am
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2835

Re: Owned a home, rented it for 2 years, then sold - Still owe tax?

Also as some people have indirectly explained, you have to pay tax on depreciation you could have taken, whether or not you actually took it. I think many people do not understand that it doesn't matter if you did or didn't depreciate the property when it was a rental, you still must pay tax on the...
by IMO
Mon Mar 29, 2021 2:48 am
Forum: Personal Finance (Not Investing)
Topic: Single Mom - Home purchase ?
Replies: 40
Views: 3304

Re: Single Mom - Home purchase ?

Prior to this current housing situation (call it what you want), the typical advice for anyone moving to a new area/new job is to rent 1st to make sure you are happy with the new job and the new location. From what I understand, one should expect significant differences between your current location...
by IMO
Fri Mar 26, 2021 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 449
Views: 57266

Re: Tales from this insane real estate market

In many urban areas it is illegal to build the kind of house that would be affordable. In urban areas people may want to just get a 3br/2ba in a walkable neighborhood, but the cheapest 3br they can find is over a million dollars. I see this in my neighborhood where young families will stay in the c...
by IMO
Wed Mar 24, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Duplex Townhouse Roof Replacement - Pay to do it now with neighbors or wait for a problem?
Replies: 18
Views: 1323

Re: Duplex Townhouse Roof Replacement - Pay to do it now with neighbors or wait for a problem?

Ok, maybe this will help. Green area is our unit, blue is our neighbor's unit (hopefully new neighbors will be a nice as they are). http://images.opensent.net/roofline.jpg http://images.opensent.net/roof.png I'm 80% in the new roof camp at this point. One complicating factor is that we have tenants...
by IMO
Sun Mar 14, 2021 4:04 pm
Forum: Personal Consumer Issues
Topic: Anyone here live in AirBNBs full time?
Replies: 36
Views: 4150

Re: Anyone here live in AirBNBs full time?

Do you mean full time in multiple years vs. say for a year? Even if you made a deal with the owner of an AirBnB for a longer term stay like a year, it seems like it would be more expensive than finding a nicer apartment and buying/renting some inexpensive furnishings. I probably wouldn't stay in th...
by IMO
Sun Mar 14, 2021 3:54 am
Forum: Personal Consumer Issues
Topic: Anyone here live in AirBNBs full time?
Replies: 36
Views: 4150

Re: Anyone here live in AirBNBs full time?

Do you mean full time in multiple years vs. say for a year? Even if you made a deal with the owner of an AirBnB for a longer term stay like a year, it seems like it would be more expensive than finding a nicer apartment and buying/renting some inexpensive furnishings. But it's always worth it to ask...
by IMO
Sun Mar 14, 2021 3:30 am
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 37119

Re: Are we in a housing bubble?

We have a serious housing shortage in many/ most decent size housing markets in this country. This is all the outcome of 2007-2010 oversupply crash. Home building over-corrected as result of that crisis..... and never ramped up to account for population growth over the last decade. Many reasons for...
by IMO
Sun Mar 14, 2021 3:16 am
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 37119

Re: Are we in a housing bubble?

It's quite funny that, in this forum, people always say SP500 is not in a bubble or you can't time the market or it is perfectly OK to buy at all time high or just stay the course; but when it comes to the real estate, people say it is clearly a bubble and you just need to wait for the price to go ...
by IMO
Sun Mar 14, 2021 2:40 am
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 37119

Re: Are we in a housing bubble?

2008 was about FOMO (about the massive change in expectation of housing prices). I am currently having FOMO also. I live in a HCOL area make decent but not amazing amount of money. The most I can afford (even with a decent down payment) in a nice area is a 1 bed 1 bath condo. Anything more than and...
by IMO
Sun Mar 14, 2021 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Marginal effective tax rates 100%+ this year for 150 - 160k AGI
Replies: 174
Views: 13178

Re: Marginal tax rates 100%+ this year for 150 - 160k AGI

Not receiving a credit is not the same as having your taxes increased. I guess psychologically it's different (those politicians are clever...). Let me put it this way: if I give you $10 and then you give me back $2, is that different from me just giving you $8 instead? You're claiming it is. I wou...
by IMO
Sat Mar 13, 2021 9:33 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 37119

Re: Are we in a housing bubble?

This seems eerily reminiscent of 2008. People taking loans to the max, no equity in homes, no EF, etc. This market has one huge difference: the buyers are valuing the homes for their housing, not for their appreciation potential. Sellers aren't going to feel the need to dump their property and buye...
by IMO
Sat Mar 13, 2021 9:07 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 37119

Re: Are we in a housing bubble?

I've been looking for a home in a VHOL area for over 6 months. In this market prices went up 37% in the last 12 months. One home I encountered is in the $4M range assuming no major flaws. It has been rented since 2012. The occupant has been taking advantage of the do not pay rent rules. The owner r...
by IMO
Sat Mar 13, 2021 9:02 pm
Forum: Investing - Theory, News & General
Topic: Housing prices are up 10-20% why isn't it driving up inflation?
Replies: 22
Views: 2728

Re: Housing prices are up 10-20% why isn't it driving up inflation?

Sorry if this is a stupid question. I live in AZ and prices for single family homes are up 10-20% and are flying off the market. Sure the low interest environment and lack of inventory and the mortgage moratorium are contributing, but why isn't this driving up inflation? Based on what you wrote, th...
by IMO
Sat Mar 13, 2021 3:35 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 151
Views: 9938

Re: What are your travel plans in 2021 and beyond?

We will follow and respect all guidance and will wear masks as required. Well, CDC is not recommending non-essential travel yet, vaccinated or not. (I realize plenty of states are actively advertising to welcome travelers despite this.) So you mean you'll follow some of the guidelines if you travel...
by IMO
Sat Mar 13, 2021 3:25 pm
Forum: Personal Consumer Issues
Topic: Motor vehicle accident; civil lawsuit
Replies: 87
Views: 10080

Re: Motor vehicle accident; civil lawsuit

OP, welcome to the new normal. While significant injuries can/do occur obviously with a MV accident, the new normal is for people to sue because everyone wants some easy cheese. Poster on this site will jump on me because I believe most personal injury lawsuits are bs (which is what your implying ri...
by IMO
Sat Mar 13, 2021 3:10 pm
Forum: Personal Consumer Issues
Topic: water pipe leaking
Replies: 51
Views: 3510

Re: water pipe leaking

With that set-up, I would just look at having that section re-done properly with a plumber. But since you're already paying a plumber, I'd add in the following: a. Especially if you live in a climate that could potentially freeze (think recent Texas issue), I'd have an additional valve/drain-out plu...
by IMO
Fri Mar 12, 2021 12:23 am
Forum: Personal Consumer Issues
Topic: When is buying a home generator worth it?
Replies: 63
Views: 5681

Re: When is buying a home generator worth it?

We live in a densely populated suburb (40,000+ residents) that tends to lose power a couple times per year. At worst, we lost power for 2 days. This was a few years back during a major winter storm. Average is 2-3 hours with power out. This bothers me more now that we converted to natural gas with ...