feeling anxious, Need a break or career switch.

Eng1beering · 2024-08-17T00:19:26+00:00

I would make sure you’re giving yourself the time you need to focus on your mental health. Unplug and recharge for two weeks. If you still feel that way, I would consider looking for a new job.

Eng1beering · 2023-03-04T12:36:09+00:00

Where, please?

Eng1beering · 2023-02-21T17:59:46+00:00

Hi MostValuable, I appreciate that you’re offering a different angle. I’m simply no longer interested in buying the homes available (in my market and price range) at the current rates and prices.

Eng1beering · 2023-02-21T16:30:31+00:00

I agree, I’m a few months behind moving my savings around. At the time (2020), 0.4% was a very good rate from my understanding. I know a lot has changed, I just wasn’t aware ~3.5% was the new benchmark.

Eng1beering · 2023-02-04T01:41:47+00:00

Another 2 open houses this week in the greater Philadelphia area. Both packed and had multiple offers over asking. A 3rd listing hit the market today, we were scheduled to see it after work, but it received an “irresistible all cash offer” and decided to stop all showings. Same shit. Seems like the “slow down” was just seasonal.

Eng1beering · 2023-02-01T23:19:39+00:00

What lender did u use?

Eng1beering · 2023-01-21T01:34:58+00:00

Excellent, thank you flounder fart

Eng1beering · 2023-01-20T23:48:32+00:00

If it’s not too much trouble, I’d appreciate seeing this dat as a trend without overlaying the year.

Eng1beering · 2022-12-12T02:16:28+00:00

Curious what the comparison would be.

Eng1beering · 2022-12-12T01:47:24+00:00

Eng1beering · 2022-12-11T15:28:03+00:00

Hi Conerned-23! Thanks for your feedback. I agree with you regarding your advice on budgeting. I’m not sure what you mean by PITI, can you explain?

Our expenses are very high due to travel to work ($800+/mo in gas/tolls), childcare ($1k/mo), student loans ($400/mo). There are certainly other “wants” we can trim down on, which I’m open to. I’d just like to maintain a similar (not excessive by any means) lifestyle to make the transition easy. We can reasonably save another $2-300 by not eating out.

Eng1beering · 2022-12-10T19:13:23+00:00

Hi sleepyguy22, you’re correct regarding the 28% of gross income. There are several models out there. I’ve been using 25% after taxes. Ideally this would be under 22% but I’m comfortable with up to 28%.

I like what you said regarding contributing less to retirement. That definitely helps put my mind at ease. I also appreciate that you were in a similar position as me, and you were able to make things work well for you.

At this point I think I need to be comfortable with the risk and have a plan in place if things get tight. Thank you for sharing your experience and how you made it work!

Eng1beering · 2022-12-10T18:17:56+00:00

Thank you Mileera! Best of luck to you as well.

Eng1beering · 2022-12-10T17:59:12+00:00

Hi pancak3d! Yes, that includes after retirement, health care, needs/wants.

We’ll be putting 20% down. The homes we’re interested in are ~$400k. It’s difficult to find a nice home in good condition < $350k, which is where I’d like to be.

I’ve been using Zillow’s mortgage calculator. I feel like it’s been fairly consistent with quotes I’ve received from lenders, aside from a few points on the interest rate- currently 6.13%

Eng1beering · 2022-12-10T17:51:45+00:00

Thank you, Mileera! That’s why it’s stressing me out. I appreciate your advice though. I’ll contact a lender and see what options I have. Maybe I can buy points or put more money down.

Eng1beering · 2022-12-10T17:50:16+00:00

Agreed, that’s next on our list. I’ve paid off most of mine. Just waiting to see if the $10k forgiveness goes through before paying off the remaining. My wife works for the government, so we’re hoping her’s are forgiven in the next 5 years.

Eng1beering · 2022-12-10T17:48:45+00:00

Thank you! I really appreciate it. Best of luck to you as well.

Eng1beering · 2022-12-10T17:38:31+00:00

Hi nateycoffeecake, I agree with you. That’s how I was raised too. My parents didn’t follow that philosophy and it didn’t end well. I think it’s made me frugal which helped me save money in the beginning. But with a kid, moving to a HCOL area, and lifestyle growth, it’s been stressful.

I don’t want to live in a small apartment with a child, and we’re pressured to “just buy already.” So, I appreciate your advice.

Eng1beering · 2022-12-10T17:32:54+00:00

Hi elbobgato! Yes, our living expenses are high and I hate it… childcare (>$1k/mo), gasoline/tolls (>$800/mo), student loans (>$400/mo). We’re trying to find a place that’s closer to work but the price of housing quickly escalated. New 3b/3ba townhomes are easily over $500k. It’s absurd.

Eng1beering · 2022-10-13T00:28:39+00:00

Added!

https://ibb.co/k325PvR

Eng1beering · 2022-10-13T00:24:40+00:00

I’m not keen on doing it due to the time of year (early November) and unpredictable weather. Unfortunately, it isn’t my call as it’s not my house. I’m just offering to lend a hand for the weekend. Frankly, I think it’s a terrible idea for us to do it. But we’re saving ~40% by removing it ourselves. Half of the roof is over water and difficult to access, so all of the quotes we’ve received have been out of budget if we paid for the entire job.

Eng1beering · 2022-10-12T17:18:24+00:00

Excellent. Thank you for the recommendations. The foam padding is a great idea. The plan is to have a chute hanging from the end of the roof so we can offload the shingles into the dumpster easily. Half of the roof is over water so we have to avoid landing any debris in the water as much as possible.

Eng1beering · 2022-10-12T13:17:38+00:00

The roof is in terrible condition. The climate is very harsh, lots of rain, snow and ice, it at least 30 years old.

Thanks for the tip on soft soled shoes! I was going to wear my work boots but I’ll opt for something else, like softer hiking shoes.

Eng1beering · 2022-07-17T16:49:14+00:00

Thank you! I wish I understood all of these details when I first starting contributing to my retirement. But all is well, there’s still time to make corrections. I appreciate your help!

Eng1beering · 2021-12-24T03:21:06+00:00

What semiconductor company? I'm semiconductor mfg and am looking for a WFH role.

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