Search found 2315 matches

by sunny_socal
Sat Apr 17, 2021 7:52 am
Forum: Personal Finance (Not Investing)
Topic: When to transfer vehicle title to Teen?
Replies: 4
Views: 461

When to transfer vehicle title to Teen?

My son bought a car a year ago, he is 18. I gave him $5k, he came up with the other $10k. Bought it under my name since I had cash in the bank and gave the dealer a check, son paid back his share later. He's a poor college student now, I'll be paying his insurance while he's in school. We'll split t...
by sunny_socal
Sat Apr 17, 2021 6:23 am
Forum: Personal Consumer Issues
Topic: Selling old car - CarMax etc.
Replies: 51
Views: 3816

Re: Selling old car - CarMax etc.

You have a $2000 car? There should be a long line of Bogleheads ready to wring out another 10 years from that vehicle :wink: I've gone the Carmax route with great success. Much easier than dealing with Craigslist flakes and tire-kickers. If it were a newer car then you might put in the effort to sel...
by sunny_socal
Thu Apr 08, 2021 7:08 am
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20677

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I’m sure this has been brought up somewhere in the 4 pages so far - but you’ve spent $15k on cars in the last 10 years. Your ‘savings’ in the sales price of each beater is illusory because it must be immediately rolled into the next purchase. I’ve pretty much practiced this our entire life - owned ...
by sunny_socal
Wed Apr 07, 2021 10:27 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20677

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

I've driven such cars, mostly when I was younger. Now I tend to buy new and hang on to the car. I do my own maintenance, that's where I "save." Brakes, fluids, filters, lube, rotations - everything except putting on new tires. Life's too short to be driving a POS. I appreciate things like ...
by sunny_socal
Wed Apr 07, 2021 10:08 pm
Forum: Personal Consumer Issues
Topic: Talk me out of DIY Yard drain project.....
Replies: 37
Views: 3020

Re: Talk me out of DIY Yard drain project.....

Just do it. We once bought a house with yard drainage problems, didn't discover this until the first heavy rain. - Took about 1' of dirt off the whole yard since it was above the level of our house. About 10 truckloads, each $250. - Dug about 3' deep and installed "french drains" complete ...
by sunny_socal
Wed Apr 07, 2021 10:01 pm
Forum: Personal Consumer Issues
Topic: How much $$ to get kitchen cabinets painted?
Replies: 42
Views: 4124

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

Your quote sounds in line with what we paid about a year ago. Did the whole kitchen - totally worth it since the old decor was something that looked like out of the 70s! :P
by sunny_socal
Sun Apr 04, 2021 7:46 am
Forum: Personal Consumer Issues
Topic: Tankless Water Heater - Struggling to Justify
Replies: 71
Views: 5907

Re: Tankless Water Heater - Struggling to Justify

Having just made it through a winter storm that froze both of our tankless heaters, I'd never get one. (For some reason they are installed on the outside of the house.) A large tank heater will also provide a source of clean drinking water during a disaster. I would never voluntarily get a tankless ...
by sunny_socal
Sat Mar 27, 2021 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2832

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

There isn't much to calculate as the OP already knows they don't owe any taxes. Eh? It's necessary to calculate in order to determine that there are no taxes owed on the gain. The worksheet is for those who might be at the borderline. They should be fine provided they have enough paperwork to make ...
by sunny_socal
Sat Mar 27, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2832

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

This is all so strange. Maybe I should just not report it. Reason 1: The IRS says if I'm meet the exclusion test I don't need to report it https://www.irs.gov/taxtopics/tc701 Reason2: I didn't get a form 1099-S (also mentioned at the link above) https://turbotax.intuit.com/tax-tips/home-ownership/ta...
by sunny_socal
Sat Mar 27, 2021 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2832

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

Marseille07 wrote: Sat Mar 27, 2021 12:07 pm
Yeah I guess your situation is more complex because of rental already reported in previous years.
But doesn't everyone? This has to be a very common situation.
by sunny_socal
Sat Mar 27, 2021 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2832

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

Not sure how accurate, but this source says you don't have to report the sale: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/where-do-i-enter-sale-of-a-home/00/568307 Maybe this is why TurboTax doesn't handle it when you enter the numbers... Going with that approach seems to b...
by sunny_socal
Sat Mar 27, 2021 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2832

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

So I found this handy calculator: https://apiexchange.com/capital-gain-tax-calculator/ I entered my numbers, the result is eerily close to what TT is coming up with. And neither case seems to consider my bought/sold dates at all. How does one coerce TT into taking the 2/5 rule into account? https://...
by sunny_socal
Sat Mar 27, 2021 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2832

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

Did you take depreciation on the rental property? Yes, I believe so - it was part of the many things rolled up as an expense when filing during the rental years. Are you implying that this may be some kind of depreciation clawback? As for the other question on the "exactly two years" - we...
by sunny_socal
Sat Mar 27, 2021 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Owned a home, rented it for 2 years, then sold - Still owe tax?
Replies: 39
Views: 2832

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

We had a home as a primary residence, then I got a job in another state and we moved. We rented out the old home for for exactly two years, then sold it. I followed all the wizards in Turbotax this year and reported the fact that we sold the house. I had always believed that if one lived in a house ...
by sunny_socal
Sun Mar 14, 2021 7:13 am
Forum: Personal Consumer Issues
Topic: Selling or Trading in an Old Computer
Replies: 27
Views: 2186

Re: Selling or Trading in an Old Computer

If the "old computer" were a PC then I'd advocate for destroying the hard drive and recycling PC carcass. But that Mac is certainly worth $500. Follow the online guides for wiping the drive and installing a fresh copy of the OS. It will be easy to sell. And yes the cost is 'exorbitant', bu...
by sunny_socal
Sun Mar 14, 2021 7:08 am
Forum: Personal Consumer Issues
Topic: Texas resident selling car to buyer from Illinois
Replies: 24
Views: 1847

Re: Texas resident selling car to buyer from Illinois

What happened? Everything went well. I had previously called his employer to make sure he actually worked there, and he did. The buyer showed up with his check and I was able to deposit during daylight hours. Don't think it made much difference, teller hardly glanced at it (even a fake would have w...
by sunny_socal
Thu Mar 11, 2021 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Loan Depot Refinance- $10,000 gone poof!!!
Replies: 25
Views: 6054

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

Also did refi with LD, no problems. OP you should be aware that there are many entities involved: 1) The "Loan Depot" who sold you the loan 2) The "Loan Depot" who services the loan 3) The actual owner of the loan (probably someone like Freddie Mac by now) The people from [1] are...
by sunny_socal
Wed Mar 10, 2021 7:58 am
Forum: Personal Consumer Issues
Topic: Solar Patio Pathway Lights that are indestructible or at least weed whacker proof?
Replies: 14
Views: 1369

Re: Solar Patio Pathway Lights that are indestructible or at least weed whacker proof?

Yes - something like this could be an acceptable alternative, just not sure how well they would do in the Yard itself (growing grass). Looks like only maybe me and you care about this problem. :happy Thanks for the link! I thought you said they'd go on a pathway, not in the grass. If that's the cas...
by sunny_socal
Tue Mar 09, 2021 7:56 am
Forum: Personal Consumer Issues
Topic: Buying new car, need some advice
Replies: 38
Views: 3222

Re: Buying new car, need some advice

IMO that stuff doesn't really matter. Yes, they exist, but in the end you'll pay the market price depending on supply/demand for your vehicle. - Indeed, shop via the internet - DO NOT be suckered into "visiting the dealer" in order to get a bottom-line price. Insist on a quote via email. -...
by sunny_socal
Tue Mar 09, 2021 7:32 am
Forum: Personal Consumer Issues
Topic: Solar Patio Pathway Lights that are indestructible or at least weed whacker proof?
Replies: 14
Views: 1369

Re: Solar Patio Pathway Lights that are indestructible or at least weed whacker proof?

Yes, our regular 2-piece solar lights only last about 1 to 2 seasons. I'm looking for low profile lights as well, on amazon search for "deck lights" or "dock lights" and you'll come up with something like this. They are $7-8 each but seem robust. https://www.amazon.com/Solar-Ligh...
by sunny_socal
Mon Mar 01, 2021 7:25 am
Forum: Personal Consumer Issues
Topic: Texas resident selling car to buyer from Illinois
Replies: 24
Views: 1847

Re: Texas resident selling car to buyer from Illinois

Thanks for the form! Why would a cashier's check not be ok? Everything about this guy rings true. His phone number matches his state. He manages an aircraft maintenance operation, took several calls from mechanics an pilots who clearly weren't faking it. Knew his way around cars very well. How would...
by sunny_socal
Sun Feb 28, 2021 11:03 pm
Forum: Personal Consumer Issues
Topic: Texas resident selling car to buyer from Illinois
Replies: 24
Views: 1847

Texas resident selling car to buyer from Illinois

I'm selling a car, have it listed on the local Autotrader here in Texas. A buyer showed up all the way from Illinois (he's out here in TX for a week on business.) He made an offer and will bring a check later this week. He mentioned that Illinois requires that I get a form notarized. Anyone have an ...
by sunny_socal
Sun Feb 21, 2021 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Recipient of Oil field royalties passed away, how to assume ownership?
Replies: 9
Views: 947

Re: Recipient of Oil field royalties passed away, how to assume ownership?

AlohaJoe wrote: Sun Feb 21, 2021 7:03 am Who does she get royalties from? What did they say when you called and asked them what to do?
Yes, I know that's the obvious thing to do. But being single after 50 years of being married she's a little freaked out. I hope that's all there is to it.
by sunny_socal
Sun Feb 21, 2021 7:01 am
Forum: Personal Finance (Not Investing)
Topic: Recipient of Oil field royalties passed away, how to assume ownership?
Replies: 9
Views: 947

Recipient of Oil field royalties passed away, how to assume ownership?

My FIL received a modest amount of oil field royalties, it was more "back in the day" but recently has dwindled to $50/month. He passed away some months ago. His wife has continued to receive the checks and was able to cash them via their joint account. Recently however the bank forced rem...
by sunny_socal
Thu Feb 04, 2021 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone negotiate to reduce medical bill(s)?
Replies: 37
Views: 2639

Re: Does anyone negotiate to reduce medical bill(s)?

Great to hear everyone's doing what I'm thinking. It's a $2,000 bill and thought it would be a good idea. Most people I know never mention anything about negotiating medical bills. After you have already agreed to a negotiated insurance contract, you want to re-negotiate? "Insurance" is r...
by sunny_socal
Sun Jan 31, 2021 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Motivate Graduating HS Sr to Start Life - facing an uphill climb
Replies: 175
Views: 12599

Re: College financial aid - facing an uphill climb

Thanks for the replies! Very good stuff but too much to multi-quote. I'll try to cover what I remember: - We're in the greater Austin area now, no longer in SoCal. - Live just outside the ACC "in-district" area, thus would pay the same tuition as an International student. - Yes there's a ...
by sunny_socal
Sat Jan 30, 2021 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Motivate Graduating HS Sr to Start Life - facing an uphill climb
Replies: 175
Views: 12599

Re: College financial aid - facing an uphill climb

Thanks for the replies! Very good stuff but too much to multi-quote. I'll try to cover what I remember: - We're in the greater Austin area now, no longer in SoCal. - Live just outside the ACC "in-district" area, thus would pay the same tuition as an International student. - Yes there's a l...
by sunny_socal
Sat Jan 30, 2021 2:06 am
Forum: Personal Finance (Not Investing)
Topic: Motivate Graduating HS Sr to Start Life - facing an uphill climb
Replies: 175
Views: 12599

Re: College financial aid - facing an uphill climb

Our oldest is 18, will graduate in a few months: - Not particularly interested in college, hasn't filled out any applications, didn't study for his SAT. Nonetheless will likely end up going somewhere but mostly because he hasn't taken steps toward anything else either. - He's @ 50th percentile in h...
by sunny_socal
Sat Jan 30, 2021 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Motivate Graduating HS Sr to Start Life - facing an uphill climb
Replies: 175
Views: 12599

Re: College financial aid - facing an uphill climb

Did consider the local community college, but turns out we don't live close enough (although just 20min away) and thus the cost is actually more than attending a 4-year college! The service area is large but the "in district" is much smaller. https://www.austincc.edu/about-acc/acc-district...
by sunny_socal
Sat Jan 30, 2021 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Motivate Graduating HS Sr to Start Life - facing an uphill climb
Replies: 175
Views: 12599

Motivate Graduating HS Sr to Start Life - facing an uphill climb

Our oldest is 18, will graduate in a few months: - Not particularly interested in college, hasn't filled out any applications, didn't study for his SAT. Nonetheless will likely end up going somewhere but mostly because he hasn't taken steps toward anything else either. - He's @ 50th percentile in hi...
by sunny_socal
Sat Jan 16, 2021 7:09 am
Forum: Personal Finance (Not Investing)
Topic: IRS delays start of tax filing season to Friday, February 12, 2021
Replies: 75
Views: 7176

Re: IRS delays start of tax filing season to Feb. 12

Are people facing vastly fluctuating income and other tax circumstances, or is this a failure to plan the withholdings correctly? I know a lot of people who absolutely love getting big refunds. Some have a hard time understanding that this is just their money and that they could have used it before...
by sunny_socal
Sat Jan 16, 2021 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How to view Austin-suburb housing market?
Replies: 96
Views: 8166

Re: How to view Austin-suburb housing market?

Don't wait OP, you'll get priced out. I moved from San Diego a few years ago and Austin is close to reaching parity with that market. California has been hot for years, Austin is likely to be similar due to the tech expansion. People and companies are moving from CA in droves due to the common-sense...
by sunny_socal
Thu Jan 14, 2021 7:56 am
Forum: Personal Consumer Issues
Topic: What is so special about the Toyota Tacoma?
Replies: 97
Views: 10506

Re: What is so special about the Toyota Tacoma?

My son has a Tacomes, he LOVES it! The Taco definitely has a dedicated fan base and good aftermarket support. I drive a Tundra. One can get a Tundra for about half the price of a Tacoma in the used vehicle market (eg. 2008 Taco = $14k, 2008 Tundra = $7k.) Tundra over Tacoma - Tundra 5.7L V8 engine l...
by sunny_socal
Thu Jan 14, 2021 7:48 am
Forum: Personal Consumer Issues
Topic: Honda Fit discontinued after 2020
Replies: 7
Views: 1344

Re: Honda Fit discontinued after 2020

You'll still be able to buy parts even if it's discontinued. All our cars are at least 10 years old, no problems. I used to own a Fit, wonderful vehicle. But I'd only recommend it for a "city dweller" here in the USA, everyone seems to have a large SUV or Truck. I want an equal amount of m...
by sunny_socal
Sat Dec 19, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10222
Views: 734774

Re: Refinance Mega Thread

Signing docs today with Loan Depot. Refi this time around was a huge pain in the butt. Inquired at many companies, applied at several. All of them are very slow and generally unresponsive. In the "good old days" a refi took a few weeks, now it takes a few months. But we'll be at 2.5% on a ...
by sunny_socal
Thu Dec 03, 2020 10:12 pm
Forum: Personal Consumer Issues
Topic: Got a good price on 2020 Odyssey EX-L but the 0.9% promo expired.
Replies: 55
Views: 3947

Re: Got a good price on 2020 Odyssey EX-L but the 0.9% promo expired.

I'd buy the used one OP. Indeed your kids will trash the interior: Puke, milk, soda, food, pets... not to mention all the scratches, door dings, dented rims, cracked windows that you'll pick up very soon. The "new car smell" wears off very quickly in a family car. The used one will still e...
by sunny_socal
Fri Nov 13, 2020 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10222
Views: 734774

Re: Refinance Mega Thread

My LoanDepot app finally went to underwriting. It's been two months, expect it take a couple more weeks. Got 30yr 2.5% on 460k loan. These days doing a refi is very frustrating. In "the good old days" you could expect 3 weeks from start to finish, no big deal. I did a refi at least once a ...
by sunny_socal
Thu Nov 05, 2020 10:44 pm
Forum: Personal Consumer Issues
Topic: Battery powered generators?
Replies: 116
Views: 7513

Re: Battery powered generators?

That 'brick' in the OP is most suited for powering a set of computers for a short time, it's not intended for any real household use. Very happy with our Honda EU2000 - nowadays it's called the EU2200 (ie. 2200 peak watts) Use 'Trufuel' from you local big box store if you wish to minimize fuel clogg...
by sunny_socal
Tue Oct 27, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: All Season Tires wearing out too fast.
Replies: 65
Views: 3709

Re: All Season Tires wearing out too fast.

Unrealistic expectations. Just consider tires to be a regular maintenance item and get yourself a new set of your favorite brand. The OEM tires are never top-shelf, they're almost designed to wear out quickly. They meet the bare minimum requirements and provide the lower possible cost for the auto m...
by sunny_socal
Sat Oct 24, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: Flagpole recommendation
Replies: 10
Views: 992

Re: Flagpole recommendation

I'm thinking of getting this one, single-piece AL, 5", 25ft external halyard model that will stand up to a stiff wind while running two flags https://flagpolesetc.com/flagpoles/aluminum/commercial-external-halyard-flagpoles/ecx25-esr25b51-25x5x125 They also sell on ebay, 960 shipped Here's one...
by sunny_socal
Wed Oct 21, 2020 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10222
Views: 734774

Re: Refinance Mega Thread

Update on my refinance application with cash out from Better: 9/29 - Started getting soft estimates, talked to about a dozen lenders (before finding this great thread! Would have saved me hours on the phone...) 9/30 - Got full estimates from various lenders and Better was always able to match. They...
by sunny_socal
Mon Oct 19, 2020 7:10 am
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 193
Views: 10923

Re: Convince us to buy our first luxury car!

Sure, go for it. Lexus is reliable but ugly. The German cars drive well, but are more expensive to buy & maintain. BTW, if you're 28, I'd recommend having those kids now. Don't wait "5-10 years", you'll be at the tail end of when things are still 'easy' and may end up needing IVF for s...
by sunny_socal
Mon Oct 19, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: Flagpole recommendation
Replies: 10
Views: 992

Re: Flagpole recommendation

I'm thinking of getting this one, single-piece AL, 5", 25ft external halyard model that will stand up to a stiff wind while running two flags

https://flagpolesetc.com/flagpoles/alum ... 1-25x5x125

They also sell on ebay, 960 shipped
by sunny_socal
Sun Oct 18, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 456
Views: 55412

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Excellent calculator OP! Takes about 10 seconds on my 2013 MBPro.
by sunny_socal
Wed Oct 14, 2020 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10222
Views: 734774

Re: Refinance Mega Thread

For people reading this thread, you aren't going to get the best rates for zero work and wanting to have zero inconvenience to yourself. If the inconvenience really is too much for you, then you will probably be stuck at 3%+ rates or hefty closing costs. To get the sub-2.75 rates with zero closing ...
by sunny_socal
Tue Oct 13, 2020 6:54 am
Forum: Personal Consumer Issues
Topic: 6.7" Phone too big?
Replies: 26
Views: 3900

Re: 6.7" Phone too big?

itaos wrote: Mon Oct 12, 2020 7:01 pm I have a 6.8" phone in a full size Otterbox case and I'm very happy. It easily fits in my jeans pockets, but have to take care with pocket depth in gym shorts
Otterbox immediately adds 30% more size to any phone :?
by sunny_socal
Tue Oct 13, 2020 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 10222
Views: 734774

Re: Refinance Mega Thread

I'm pretty fed up with the refi. I may not even do it: - Most lenders never even responded - Loan Cabin took forever (several weeks?) and sent a welcome email. It's been two weeks, crickets - Amerisave seemed responsive at first, now I'm getting spam from outside vendors ostensibly connected to the ...
by sunny_socal
Sun Oct 11, 2020 6:50 am
Forum: Personal Consumer Issues
Topic: Moving to CA - Keep or Change cars?
Replies: 60
Views: 2925

Re: Moving to CA - Keep or Change cars?

The 'issues' you posted about are non-issues. Car will pass smog, these days it's just a check on the OBD port. Everyone has tint out there. You have my permission to buy the new car. You have my permission too, OP. Go for it! One consideration to factor in on the bring / buy new - you'll have to pa...
by sunny_socal
Fri Oct 09, 2020 6:43 am
Forum: Personal Consumer Issues
Topic: Do I need a new modem?
Replies: 15
Views: 961

Re: Do I need a new modem?

As a crazy heavy user of internet working online every day with video and having all files running off a central server ——— I find the slowest available internet speed from the provider is way more than enough for our family and 5 year old technology is more than fast enough for everything we do. T...
by sunny_socal
Fri Oct 09, 2020 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Should Dad sell highly appreciated home?
Replies: 50
Views: 5185

Re: Discouraging Dad from selling highly appreciated home

I would personally encourage dad to do whatever he wants to with his money including paying taxes owed on a great investment so he could generate cash for the next however long. I would discourage you from focusing on your inheritance while the folks are alive. Came here to post that. It's his cond...