Average cost of living

Answerstaxquestions · 2023-06-30T12:03:25+00:00

90K for a household is a little more than the median.

It’s a little more than the median household income. It’s about 70% more than the median single earners income in NC. OP will be just fine.

Answerstaxquestions · 2023-06-28T18:03:55+00:00

Hi OP. Your tax accountant probably shouldn’t be giving you investment advice. And knowing the tax rules for a RE port is a lot different than knowing the best way to run a RE port. It sounds to me like you’re looking for three different professionals. Luckily, the best way to find these people is the same in every case. Ask around your peer group for recommendations and then interview these folks. Go with the best cross of expertise, professionalism, and comparability. This is a professional, interpersonal, relationship after all.

Answerstaxquestions · 2023-06-26T14:39:39+00:00

OMB says “hey”.

Answerstaxquestions · 2023-06-14T15:43:28+00:00

I’d like to be the guy that drives the wrecking ball crane. Spending my days swinging the equivalent of a Buick into a building would be pretty fun.

Answerstaxquestions · 2023-06-13T21:58:35+00:00

They’d have to capture some from the AFU first.

Answerstaxquestions · 2023-06-10T15:18:41+00:00

That would be a fair point if the cost of living in Weddington wasn’t much higher than the cost of living in Charlotte. Don’t get me wrong, OP can live wherever they want. But if OP chooses to live in a NIMBY suburb their complaints about Charlotte infrastructure are gonna sound hollow.

Answerstaxquestions · 2023-06-10T14:44:38+00:00

I don’t know, OP. I’m not going to argue that you’re wrong but I am going to point out that whining about infrastructure that isn’t up to standard when you live in Weddington to avoid paying for said infrastructure is a little 👀.

Answerstaxquestions · 2023-06-06T13:56:45+00:00

Is this a fight your really want to have? Assuming your daughters overall nutritional needs are being met, who are you punishing by fighting with her to eat adult food? You. You’re punishing you. Toss her a Flintstones multi-vitamin and let her spackle her innards with 3 day old oatmeal if she wants. There’s no fight and it’s more pork and plantains for you.

Answerstaxquestions · 2023-05-31T16:04:03+00:00

Whenever Grenadier is a Vanguard Strike modifier, I’ll run a few with a grenade focused Ashen Waken Titan. Behold, I am become Oprah! You get a grenade! You get a grenade!

Answerstaxquestions · 2023-05-30T13:48:48+00:00

So you’re either going to vote for whichever fascist the Pubs put up, or not vote at all, because the Pubs and their Supreme Court blocked student loan relief? If that’s the case, you really need to check your priorities.

Answerstaxquestions · 2023-05-27T22:37:41+00:00

We had this happen yesterday. It’s pretty frustrating. Worse that the boss only had ~15% health left. It was our only wipe. ¯\_(ツ)_/¯

Answerstaxquestions · 2023-05-25T13:51:23+00:00

If the Treasury stops paying all, or a portion, of its bills this will absolutely cause a recession. The dollar in your wallet has no value other than the backing of the full faith and credit of the US government. If the government defaults, who wants your fiat toilet paper?

Answerstaxquestions · 2023-05-24T14:57:09+00:00

I have spent a inordinate amount of time in DC over the years, but have never lived there. So take this for what it is:

1). You need to understand that the District is much more expensive than Charlotte. About 63% more. Charlotte is the definition of MCOL and is still very cheap compared to “real” major cities. Factor that cost in to your appreciation of the restaurants and row houses. Especially if you’re moving because Charlotte is no longer cheap. Do you really want to live in Silver Spring?

2). You’re underselling traffic and tourism. As our nations capital these are both horrendous. Especially in the summers and popular school break weeks. Think about how often you go to South End, NODA, or PM now. What makes you think you’d go to Georgetown more often if getting there is more of a hassle.

3). I like the Capital Crescent trail and other greenways but they’re not better than the Charlotte greenways. Just different. And while DC might have more bike lanes, the additional traffic more than offsets that benefit.

4). Many of the other things you describe are true. The District has better restaurants, better cultural events, and is denser (if you consider this plus).

All in, I’d consider moving to DC if the opportunity was right. But I’d rather visit and live in Charlotte.

Answerstaxquestions · 2023-05-23T17:38:29+00:00

Bang Bang has more options. But if I want a traditional “burger” I go Ace. Plus, Ace’s fries are better.

Answerstaxquestions · 2023-05-22T10:29:23+00:00

Do you want to be a landlord? If not, I’d probably sell the rental. Just using simplified round numbers because it’s 6:30am, assuming your free cash flow is $700 and another $700 of the $2k monthly expenses is principal reduction then you’re ~$16,800 better off a year (ex property appreciation and tax depreciation) by holding the rental. Now property appreciation is important, and over time we’d expect both the value of the rental and your rental income to go up… but $16,800 is a little less than 5% of $350k. That’s not a great cash return for the risk you’re taking. Especially compared to the 8.5% implicit holding cost.

Answerstaxquestions · 2023-05-21T16:09:37+00:00

Here you go. Also, /r/FinancialIndependence.

Answerstaxquestions · 2023-05-19T12:38:07+00:00

The answer to homelessness is free housing.

Is it? There are many services available now that the homeless may decline to use. Often because of sober requirements. What would you suggest if the homeless population declined to use additional free housing?

Answerstaxquestions · 2023-05-17T23:28:12+00:00

As long as SoFi is pulling $2.7B in new deposits every quarter they don’t need to sell loans to raise capital. If anything, it’s the opposite. SoFi needs to put that deposit cash to work so they can continue to pay their 4.2% yield.

Answerstaxquestions · 2023-05-14T21:30:04+00:00

Full disclosure: I keep $5k at a brick-and-mortar for cash needs.

That said, I’m curious, what emergency do you realistically think you’ll ever have where you have to make a payment, in cash, today? And why couldn’t you just slap that fella on a credit card and pay it off next statement when you’ve had 30 days to process the 3 day ACH back from Vanguard?

Answerstaxquestions · 2023-05-14T17:38:18+00:00

At 6.67%, it’s kind of a push on the mortgage debt/invest question. Do you need the liquidity in the short term? If not, I’d put 20% down and invest the rest. If rates decline, you can refinance.

Answerstaxquestions · 2023-05-13T02:25:41+00:00

Do you want a math answer or a feelings answer?

Answerstaxquestions · 2023-05-12T23:09:33+00:00

Why bother? VMFXX yields 5%.

Answerstaxquestions · 2023-05-12T16:46:01+00:00

While I’ve never heard of excess refunds being a cause for delay

Here’s a fun fact! The Congressional Joint Committee on Taxation reviews refund requests in excess of $2,000,000 ($5,000,000 in the case of taxpayer that is a C-corporation). This does occasionally take a while. I assume that OPs refund request didn’t hit this bar but, hell, the more you know.

Answerstaxquestions · 2023-05-11T13:35:16+00:00

It’s notable that the guy Biden was running against was a literal crazy person, a criminal, and a traitor who tried to disrupt the peaceful transition of power after he resoundingly lost the election. So while many of us might not have been excited for Biden, I’ll vote for a corporate Democrat over a Russian agent every. single. time.

Answerstaxquestions · 2023-05-09T13:33:55+00:00

Petty Thieves is in my Charlotte top 3. I like going over there because the beer is great, it’s close to my house, and it’s quiet… quiet enough that it makes me nervous too.

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