Search found 68 matches

by DH0
Fri Apr 09, 2021 7:00 am
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6631

Re: Family car

Thanks everyone so much! After looking at everyone’s recommendations, turns out that a minivan was what I needed. The Chrysler Pacifica Hybrid is my top contender now. I see the Limited trim in my area for around $45k. Going to test drive soon Excellent choice. "Coolest" car we have ever ...
by DH0
Tue Mar 30, 2021 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16699

Re: Private School - financially irresponsible?

Public schools in VHCOL areas are weird. Take this house in Atherton – one of the most expensive zip codes in the US, but the elementary school is mostly ELL because everyone on the west side of El Camino goes private. https://www.redfin.com/CA/Atherton/50-Amador-Ave-94027/home/2014934 What is ELL ...
by DH0
Mon Feb 22, 2021 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16699

Re: Private School - financially irresponsible?

Public schools in VHCOL areas are weird. Take this house in Atherton – one of the most expensive zip codes in the US, but the elementary school is mostly ELL because everyone on the west side of El Camino goes private.

https://www.redfin.com/CA/Atherton/50-A ... me/2014934
by DH0
Wed Feb 03, 2021 11:05 am
Forum: Personal Finance (Not Investing)
Topic: A $3.5M First Home Purchase?
Replies: 124
Views: 10456

Re: A $3.5M First Home Purchase?

I would take a different tack: if your careers are stable, you both plan to continue to work for the next ~10 years and you have no interest in taking advantage of the 'work from home' exodus to leave the area, you can absolutely afford a ~3M house with your current income and assets. Would not go w...
by DH0
Tue Jan 19, 2021 1:05 am
Forum: Personal Consumer Issues
Topic: Buying a Car - TSLA OR Honda
Replies: 60
Views: 5874

Re: Buying a Car - TSLA OR Honda

Check out the Chrysler Pacifica Hybrid in Limited trim. Be prepared for snarky remarks about FCA reliability but it's the closest you can get at the moment to a fully electric minivan so in some respects a cross between the Y and Odyssey. With Chrysler's recent discounts (~$13k off MSRP) plus the fe...
by DH0
Wed Dec 30, 2020 11:27 pm
Forum: Personal Investments
Topic: How to invest $200k (from 2.25% cash out refinancing)?
Replies: 193
Views: 11465

Re: How to invest $200k (from 2.25% cash out refinancing)?

there's a lot of chatter on this thread about borrowing to invest in more bonds when one already has bonds -- e.g. if you're going to leverage at all you should already be at 100% stocks. well, there's already a pretty exhaustive discussion here: Should I use margin to buy a balanced fund? TLDR: a ...
by DH0
Wed Dec 30, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Mis-priced Real Estate: Reason to rent?
Replies: 17
Views: 1608

Re: Mis-priced Real Estate: Reason to rent?

At a certain level of NW, lets say $5M to put a number on it, I think renting vs owning becomes more of a lifestyle than a financial decision. You can run the numbers in different ways but assuming you aren't consuming way too much house and plan to stay there for 7–10 yrs the delta is likely small ...
by DH0
Wed Dec 30, 2020 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Too much in house and retirement. Worried about skew
Replies: 90
Views: 7462

Re: Too much in house and retirement. Worried about skew

I would stop paying the mortgage down so aggressively if I were you and work on your taxable account. 2.125% is an incredible rate. It makes absolutely no sense to tie up all of your equity in a $2M house instead of investing it in a 3 fund portfolio. Some people say they sleep better at night with...
by DH0
Tue Dec 29, 2020 10:02 pm
Forum: Personal Investments
Topic: How to invest $200k (from 2.25% cash out refinancing)?
Replies: 193
Views: 11465

Re: How to invest $200k (from 2.25% cash out refinancing)?

Many Bogleheads hate debt for reasons that are more emotional than quantitative. Others see it as a useful tool when managed appropriately, esp at a 2% interest rate. I look at it this way: given your current networth if you were to buy the house today, how much would you tie up in the downpayment? ...
by DH0
Thu Dec 24, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Too much in house and retirement. Worried about skew
Replies: 90
Views: 7462

Re: Too much in house and retirement. Worried about skew

I would stop paying the mortgage down so aggressively if I were you and work on your taxable account. 2.125% is an incredible rate. It makes absolutely no sense to tie up all of your equity in a $2M house instead of investing it in a 3 fund portfolio. Some people say they sleep better at night with ...
by DH0
Tue Dec 22, 2020 1:42 pm
Forum: Personal Consumer Issues
Topic: toyota sienna 2021 - buying tips
Replies: 35
Views: 2791

Re: toyota sienna 2021 - buying tips

If you are located in CA, there is no better automotive deal right now than a Chrysler Pacifica Hybrid. https://www.cargurus.com/Cars/share/286396464 $49k MSRP fully loaded model $36k after dealer discounts -$7.5k Federal tax credit -$1k CVRP -$1.5k utility rebate (YMMV) = $26k plus taxes ...which ...
by DH0
Sun Nov 22, 2020 9:19 am
Forum: Personal Consumer Issues
Topic: Blue Light Filter for Laptops?
Replies: 9
Views: 574

Re: Blue Light Filter for Laptops?

+1 for f.lux. I've had it on my mac for the last year and it seems to help a lot. I'm very bad about reading on my laptop right before bed.
by DH0
Wed Nov 04, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Overstretched and under contract for 1.3M house.. should I back out?
Replies: 79
Views: 11192

Re: Overstretched and under contract for 1.3M house.. should I back out?

Unless you plan to leave the area in the near term I would go ahead with the purchase. The house is worth what the market will bear, which looks like $1.3. I would be much more concerned about losing my earnest money deposit, which is an objective loss, than about maybe overpaying, which is highly s...
by DH0
Fri Oct 23, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff rental mortgages?
Replies: 46
Views: 2574

Re: Payoff rental mortgages?

The 1% rule is so ridiculous...I'm really surprised people continue to bring it up. Determining what an 'acceptable yield' is for real estate requires taking into account the cost of capital and the yield of alternative investments. 1% made sense in the 70s and 80s when mortgage rates were 6—12%. In...
by DH0
Sat Oct 03, 2020 9:51 pm
Forum: Investing - Theory, News & General
Topic: Why not Real Estate instead of Stocks?
Replies: 188
Views: 17247

Re: Why not Real Estate instead of Stocks?

We're about 50/50 real estate to stocks and bonds. The real estate has been leveraged and done incredibly well, mainly due to outsized appreciation since the 2009 financial crisis. Given where prices are now, I don't see above average appreciation going forward in our area so am staying focused on e...
by DH0
Fri Oct 02, 2020 8:31 am
Forum: Personal Consumer Issues
Topic: Rat at home - how to catch?
Replies: 48
Views: 3129

Re: Rat at home - how to catch?

I spent a month trying to trap and seal off our house from rats. A bag of dog food in the basement had lured them in. Had a "rat guy" to the house three times but he kept missing entry points and I would hear them chewing in our basement at night. There was substantial damage to the insula...
by DH0
Wed Sep 23, 2020 8:48 am
Forum: Personal Consumer Issues
Topic: Tesla battery day.
Replies: 69
Views: 8917

Re: Tesla battery day.

I was very impressed by the 'vision' yesterday and have no doubt that Musk and his team can get us there. That said it was clear there is still a lot of work to do and we won't see a major impact on the top, never mind bottom line any time soon (in Wall Street terms, i.e. < 3 yrs). Most of what was ...
by DH0
Sun Sep 20, 2020 10:24 am
Forum: Personal Finance (Not Investing)
Topic: That Magic Number - Downpayment
Replies: 23
Views: 1873

Re: That Magic Number - Downpayment

20 to 30% down with a lower interest rate than 3.1% (see the relationship mortgage thread – you can get a better rate by transferring your remaining assets in the lender's brokerage account). Invest the remaining $900k in a three fund portfolio. Interest rates are at all time lows. I would sleep bet...
by DH0
Sat Sep 12, 2020 7:52 am
Forum: Personal Consumer Issues
Topic: Used Car issues Ohio
Replies: 37
Views: 1932

Re: Used Car issues Ohio

basically the oldest trick in the book of the used car dealer arsenal apart from an odometer rollback. Now a days even that has mostly stopped what with history reports and electronic odometers. Not saying it doesn't happen, but it's much harder to do AND get away with on anything made in the last ...
by DH0
Sat Sep 12, 2020 7:42 am
Forum: Personal Consumer Issues
Topic: Used Car issues Ohio
Replies: 37
Views: 1932

Re: Used Car issues Ohio

A contract is no excuse for deceit. If the issues mentioned didn't show up on the test drive, what makes you think the dealer even knew about them? Like I said, come in with best intentions. Perhaps an honest mistake. But the OPs post made it sound like a check engine light had been reset which is ...
by DH0
Sat Sep 12, 2020 7:27 am
Forum: Personal Consumer Issues
Topic: Used Car issues Ohio
Replies: 37
Views: 1932

Re: Used Car issues Ohio

You're right, it would make me feel better. And I would probably get the car returned. And if I didn't, I would make the dealer wish he or she had taken it back. A contract is no excuse for deceit. By upping the ante a little bit with some public shaming (within your legal rights) you make it worth ...
by DH0
Sat Sep 12, 2020 6:40 am
Forum: Personal Consumer Issues
Topic: Used Car issues Ohio
Replies: 37
Views: 1932

Re: Used Car issues Ohio

If it was purchased "AS IS" well it means just that. Your brother will be at the mercy of the dealership for any resolution. Regardless of the contract, if it happened to me I would make the dealers life a living hell. Assume an honest mistake and be polite for starters, but if you feel y...
by DH0
Tue Sep 08, 2020 5:43 pm
Forum: Personal Consumer Issues
Topic: combine rental and primary mortgages into one
Replies: 8
Views: 753

Re: combine rental and primary mortgages into one

I have a primary home and rental. I have paid off most of primary home so broker is not able to do re-fi (~212K) at lower rate with no point no fee loan. I have a large mortgage (~370K) on my rental but the re-fi rates on rental are bad. My broker suggested this... You can combine 2 loans to one lo...
by DH0
Mon Sep 07, 2020 7:25 pm
Forum: Personal Consumer Issues
Topic: combine rental and primary mortgages into one
Replies: 8
Views: 753

Re: combine rental and primary mortgages into one

I have a primary home and rental. I have paid off most of primary home so broker is not able to do re-fi (~212K) at lower rate with no point no fee loan. I have a large mortgage (~370K) on my rental but the re-fi rates on rental are bad. My broker suggested this... You can combine 2 loans to one lo...
by DH0
Mon Sep 07, 2020 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs. Renting Principles
Replies: 233
Views: 21357

Re: Buying vs. Renting Principles

I don't agree with any of the "principles" put forward by the topic author. Real estate is complex, local and personal, and therefore has more in common with owning individual stocks than indexing. The only meaningful way to analyze a purchase is by building a model of financial outcomes w...
by DH0
Tue Aug 25, 2020 9:21 am
Forum: Personal Consumer Issues
Topic: Low Earner... Creative ways to own a Tesla Model 3?
Replies: 101
Views: 8172

Re: Low Earner... Creative ways to own a Tesla Model 3?

Go drive a few other EVs/PHEVs besides the Model 3. People who can qualify for the 'low income' EV tax credit in CA are leasing base Chevy Bolts for 3 years for free when you take into account the tax credits/incentives. Check out the thread on here about the Honda Clarity PHEV...people are driving ...
by DH0
Fri Aug 14, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Margin loan to meet mortgage relationship discount tier?
Replies: 9
Views: 764

Re: Margin loan to meet mortgage relationship discount tier?

I would be careful with this. My experience with a relationship discount last year (BofA not WF) was that they went to great lengths documenting where the assets came from by requiring statement from the external account before and after the transfer. The $200k in margin debt on your TDA account sho...
by DH0
Wed Aug 12, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Auto Decision
Replies: 60
Views: 4204

Re: Auto Decision

[/quote] But to me part of the issue with leasing is fighting over damages when you return the car. [/quote] Having tried both, this and mileage limits are the 'catch' for leasing imo. Even if you're fine paying the charges it still goes through your head. There's a psychological toll of thinking ab...
by DH0
Mon Aug 10, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Decision
Replies: 60
Views: 4204

Re: Auto Decision

This brings up the interesting question of what really is the safest car/truck on the road. You rarely see large trucks/SUVs winning top safety pick etc. I don't know whether this is because they're not just not tested, are evaluated differently, or what. Are you safer in a huge SUV like a suburban/...
by DH0
Mon Jul 20, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: SoCal house purchase/construction
Replies: 19
Views: 1585

Re: SoCal house purchase/construction

I think you're significantly underestimating the cost and frustration of new construction assuming you haven't built a home before. We're in the Bay Area and Socal may be a bit lower, but I would expect to pay $400–500/sqft including soft costs for new construction with decent finishes. It's not unc...
by DH0
Fri Jul 03, 2020 10:37 am
Forum: Investing - Theory, News & General
Topic: Tesla becomes most valuable car company in the world
Replies: 396
Views: 37108

Re: Tesla becomes most valuable car company in the world

A big question going forward with Tesla will be how high they can push their gross margins. If you look at some of the largest traditional automakers like Toyota and VW they're among the top 10 largest companies by revenue (> $250B/yr) but have crumby gross margins (high teens) leading to only modes...
by DH0
Mon Apr 13, 2020 10:44 am
Forum: Personal Consumer Issues
Topic: When to upgrade house vs location uncertainty
Replies: 15
Views: 1075

Re: When to upgrade house vs location uncertainty

If your career situation is stable upgrade to a larger house that will last you for the foreseeable future (ideally until the kids are through school). As the kid(s) grow up it will become harder and harder to move due to ties to the community, plus there are the transaction costs and the stresses o...
by DH0
Thu Apr 09, 2020 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Feeling stuck in career - what did you do to "unstuck" yourself?
Replies: 41
Views: 3873

Re: Feeling stuck in career - what did you do to "unstuck" yourself?

Interesting perspective, I suspect a lot of people feel this way when they get out in the work force and all of their hopes, dreams don't go quite as planned. The first step in getting out of a rut like this is introspection. You need to take a critical look at yourself and try to figure out where t...
by DH0
Sat Feb 22, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco with a Family
Replies: 90
Views: 5813

Re: San Francisco with a Family

San Francisco proper – no, don't do it!

If you're open to the surrounding suburbs – either the Peninsula, Lamorinda or Mill Valley – all are expensive but wonderful places to live and raise a family. If you can afford it and make one of these areas work for your commute I would say go for it.
by DH0
Tue Nov 26, 2019 12:43 am
Forum: Personal Investments
Topic: How to invest proceeds from a 10 Year ARM?
Replies: 52
Views: 3638

Re: How to invest proceeds from a 10 Year ARM?

You are the first and I was thinking the same thing. The OP plans to deduct interest on the proceeds as mortage interest rather than investment interest, arguing that because the balance of the new mortgage is below the balance of the original mortgage it can be considered 'acquisition interest' eve...
by DH0
Tue Oct 01, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

A question for those who brought assets over for relationship mortgage discount. I'm under impression that you can bring over IRA's as well and have it count. How does it work as a married couple? Does her IRA and his IRA both count together? Or does it all have to be under one individual assets. (...
by DH0
Mon Sep 23, 2019 6:27 pm
Forum: Personal Consumer Issues
Topic: Where do you buy parts for DIY Auto repairs
Replies: 46
Views: 3890

Re: Where do you buy parts for DIY Auto repairs

There are lots of great option for buying high quality/OEM parts for German cars – FCP Euro (lifetime warranty), Pelican Parts, europarts, autohausaz, etc. Ironically I've had a lot of trouble sourcing OEM parts at less than dealership prices for Japanese cars. Maybe that says something about the ne...
by DH0
Sun Sep 22, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Overpaid for my house, next options?
Replies: 53
Views: 9878

Re: Overpaid for my house, next options?

Bay Area RE is down ~10–15% on average from high set in late spring 2018. Some areas are holding up a little better, others a bit worse. Prices are still up 2–3x from the lows in 2009-2011 so we are due for a correction and anyone that bought more than 1 year ago is doing well. Selling now would be ...
by DH0
Sun Sep 22, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

Closed with BofA last week: 2.625%, 10/1 ARM $1.2 M loan amount $300k cash out $13.5k in fees (loan origination + 1 point) $500k in assets moved to Merril (0.25% rate improvement) Perhaps could have done a little bit better am excited we got it done. Went back and forth 2–3 times getting competitive...
by DH0
Wed Aug 21, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

An ARM is a better choice if: 1) rates remain low or move lower (because you can refi into a new ARM and continue to save interest vs a 30 yr) OR 2) you expect to sell the house or payoff the mortgage in less than ~13 years (for a 10/1 ARM. The # would be lower for a 5/1 or 7/1) Most Americans own t...
by DH0
Tue Aug 20, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

Does one need a prior relationship with any of these banks? I am in the NY/NJ area, and will be looking for a jumbo mortgage. Do you just call the main number or local branches? If anyone have any people they recommend specifically, please PM me. Thanks In general no prior relationship is needed. I...
by DH0
Fri Aug 16, 2019 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: HCOL savings rates
Replies: 43
Views: 4050

Re: HCOL savings rates

[/quote] So you bought a house 6 years ago that is worth $1.2M today. Your property taxes are only $7K (how are they so low when the basis would have reset only six years ago?) and you have no mortgage. Hmmmmm [/quote] Not that unusual in the Bay Area. We bought a place for a little over $200k in 20...
by DH0
Wed Jun 05, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

The promo rate is there, sounds like you need to talk to someone else. I did the same thing you did, walked into a branch and talked to the Merril rep. Was told 1/8th of a pt discount for every $250k moved up to $1M. This is the same discount WF has. Citi's numbers are a bit different and can be fou...
by DH0
Mon Jun 03, 2019 9:45 pm
Forum: Personal Investments
Topic: Making best use of investment interest deduction
Replies: 1
Views: 611

Making best use of investment interest deduction

We anticipate having ~$15k/year in deductible investment interest expense going forward and are concerned that most of our investment income (which it can be used to offset) is in the form of qualified dividends and long term capital gains. The investment interest deduction requires that you have in...
by DH0
Mon May 27, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing home interest deductions
Replies: 10
Views: 667

Re: Maximizing home interest deductions

Why can't it be a mortgage? See scenario 1 here: https://www.svb.com/blogs/mary-toomey/maximizing-deductible-interest-expense Has a $2.5M mortgage against a home valued at $5M, and $3M in cash/equivalents. She converts the nondeductible mortgage interest on her mortgage balance above $750k to deduct...
by DH0
Sun May 26, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

In the case of a cash-out refi, if you use the proceeds for qualified investments, you can deduct an unlimited amount as investment interest expense. I don't believe you can apply this concept for a purchose money loan. For example, if you wanted to borrow $1.25m and have it deductible up to $750k ...
by DH0
Sat May 25, 2019 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

Spencer wrote: Sat May 25, 2019 9:01 pm If we refi at the end of the I/O period, and want to keep it 100% tax deductible, we'd need to pay down principal to $750k.
I believe the pre-TCJA $1M deduction remains grandfathered after a refinance as long as you don't take cash out.
by DH0
Fri May 24, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Relationship mortgage discounts for moving a million assets
Replies: 770
Views: 119447

Re: Relationship mortgage discounts for moving a million assets

First Republic needs to be on your list. I just refinanced with them at 2.65%. Yes they use Pershing, but Pershing actually has some positives. For example you get access to DFA funds, no advisory fee required. Curious how you negotiated this rate with First Republic. I just took a shot...was told ...