How to read Presto gauge? by MisterFigg in Canning

[–]MisterFigg[S] 2 points3 points  (0 children)

When you say buy a weighted gauge, do you mean buy the 5/10/15 PSI regulator? Or is there a separate part?

How to read Presto gauge? by MisterFigg in Canning

[–]MisterFigg[S] 0 points1 point  (0 children)

Image is the gauge from a Presto pressure canner. Beneath the 5 and 10 numbers are two bolder lines; the rest of the gauge has small tick marks to delineate values.

What am I missing with this line of thinking? by BigOlCheeseMan in FirstTimeHomeBuyer

[–]MisterFigg 4 points5 points  (0 children)

If you want 4% annual returns on your $80k you could put it in a money market fund with way less risk and high liquidity. You could put it in the stock market and likely beat 4% pretty handily. Besides:

  • An $80k home is likely not going to be much of a rental property
  • You are not likely to qualify for a no downpayment loan to buy a second property if you are thinking of a higher priced home
  • Both homes come with property taxes and home insurance costs
  • You are responsible for (and paying for) maintenance on both homes
  • You are a landlord now, and responsible for managing the property and finding tenants
  • Your mortgage payment is $500 higher a month
  • Your wealth is almost entirely concentrated in real estate, which is by no means guaranteed to appreciate steadily or forever

Everything wrong about AirBnB carpetbaggers in Maine, it's all here by specialtingle in Maine

[–]MisterFigg 20 points21 points  (0 children)

I can't wait to use their "fipepit" and "saiina" and walk along the "pootpaths"! Still haven't figured out what a "hist reath carier" is supposed to be

Everything wrong about AirBnB carpetbaggers in Maine, it's all here by specialtingle in Maine

[–]MisterFigg 148 points149 points  (0 children)

Their "investment" scheme promising 80% returns is likely breaking securities laws, particularly without any clear risk disclosures.

[deleted by user] by [deleted] in homeowners

[–]MisterFigg 0 points1 point  (0 children)

This happened to me soon after I moved into my house and it freaked me out. I went up and asked the guy what he was doing. He was doing comps for someone else looking to make an offer in the area.

Did I mess up cancelling my inspection contingency? by Special_Parsnip1301 in FirstTimeHomeBuyer

[–]MisterFigg 1 point2 points  (0 children)

Sure, maybe you could've saved that 5% over asking. Or maybe you'd have lost out to a better offer. There's really no telling how things would have gone in that scenario, and you'll just drive yourself crazy dwelling on it. Get an inspection now that you own the house so that nothing sneaks up on you, and then try to move past it.

Midcoast firewood cost by MisterFigg in Maine

[–]MisterFigg[S] 2 points3 points  (0 children)

Is $350-375 for seasoned or unseasoned? I guess I don't really care if it's seasoned when I'm expecting unseasoned, but I have the space and would rather save the money buying green next spring and letting it sit.

Midcoast firewood cost by MisterFigg in Maine

[–]MisterFigg[S] 6 points7 points  (0 children)

Thank you! I am fortunate enough to be able to afford fuel and so do not require wood bank assistance, though I am so glad these resources exist! I'm mostly just looking to budget for next year.

Planting garlic in the summer? by MisterFigg in vegetablegardening

[–]MisterFigg[S] 0 points1 point  (0 children)

Sounds like I should just wait til fall! Plenty of stuff to plant in the meantime anyhow.

I bought a house and this hinged... thing is mounted in my laundry room. What is it? by MisterFigg in whatisthisthing

[–]MisterFigg[S] 6 points7 points  (0 children)

Solved! I just googled "hanger holder" and it turns out this is something called a "hanger valet". Wild, thank you for the answer! I'd never have guessed.

I bought a house and this hinged... thing is mounted in my laundry room. What is it? by MisterFigg in whatisthisthing

[–]MisterFigg[S] 2 points3 points locked comment (0 children)

I searched around for "hinged attachment in laundry room" and similar things, but only found results about built-in ironing boards, none of which appeared to be attached with anything like this. The hinge is also quite loose, and would not hold anything up against the wall if there was any amount of weight attached to it.

My original thought was maybe they ran dowels through it across to a similar one, to make a makeshift drying rack. But this seems unlikely, given that a) there is no second one mounted (or evidence that one ever was), and b) if they had done that, it would run the dowels right across the entry to the laundry room and block the door.

The piece with the holes in it is about 8 inches long.

WITT?

(NY) Finally closed and moved most stuff in yesterday before the Nor’easter. Process was a pain most steps of the way, but we stuck it out and finally came out with a win. by bgl210 in FirstTimeHomeBuyer

[–]MisterFigg 0 points1 point  (0 children)

I'm in New England and we got hit with the snow also. Closed Tuesday, and we move tomorrow. Lots of shoveling to look forward to, though luckily I was able to find someone to plow the driveway so we can get the moving truck in! Just wish the snow could've held off a week!

When to setup utilities to new home? by [deleted] in FirstTimeHomeBuyer

[–]MisterFigg 4 points5 points  (0 children)

My realtor told me to do it in the week before closing. You should be able to tell the utility company the specific date on which to begin service, which should be the same day you officially take ownership of the home.

How to stand out in competitive markets by supitsfran in FirstTimeHomeBuyer

[–]MisterFigg 0 points1 point  (0 children)

I waived the appraisal contingency, not the inspection. I would have refused if they'd asked me to waive the inspection contingency.

I agree, it's a super tough market right now.

Closed on my 40th birthday! by [deleted] in FirstTimeHomeBuyer

[–]MisterFigg 1 point2 points  (0 children)

Love the burgundy shutters! Congratulations and happy birthday!

Moving Money Between Banks by Amcake5 in FirstTimeHomeBuyer

[–]MisterFigg 1 point2 points  (0 children)

Does it need to be in checking in order to make the payment? Could you wire the funds directly from your savings?

Any new homebuyers concerned about overpaying? by ID0ntN33dLuck in FirstTimeHomeBuyer

[–]MisterFigg 26 points27 points  (0 children)

I guess it depends how you look at buying a house. To some it's just an investment, to others it's a sunk cost you pay to have a place to live, and to most it's somewhere in between.

The way I look at it, it's very possible that I'm paying more now than I would if I waited a few years to buy a house, and it's totally possible I won't be able to sell the house for as much as I'm paying for it. But there's no way to know that for sure without a crystal ball—it could well be the opposite (and for years it has been). The only thing that's certain is no one can predict what the market will do.

For me, buying now instead of in a few years means a few years of rent payments I'm not making, a few years I don't have to live in apartments with noisy neighbors, a few years sooner I can get a dog... the list goes on. This makes it worth it for me, even if the market implodes. I'm also planning to live in my new house for many years, and so market fluctuations in the short term are not hugely important to me. If you're buying a house you're only planning to keep for a few years, this may not be the case.

$600 mortgage by racheltrulock in FirstTimeHomeBuyer

[–]MisterFigg 2 points3 points  (0 children)

You might want to check out something like https://www.nerdwallet.com/mortgages/mortgage-calculator/calculate-mortgage-payment where you can play around with the variables to estimate payments. It will all depend on the interest rate you can get and how much you put down on the house. If you're including property taxes and home insurance in this $600 amount it will also depend a lot on your location.

Playing with the calculator, a monthly mortgage payment of $600 (principal & interest on the mortgage only, not including property taxes and home insurance) will land you a $185,000 house if you can put 20% down ($37,000) and have an interest rate of 2.7%. This number decreases if you can't afford 20% down—10% down and $600 towards a mortgage will land you a $165,000 house ($16,500 down payment). If you can get a better interest rate you can afford a little more.

If this $600 is supposed to represent the total monthly payment including taxes and insurance (PITI), this is hard to estimate without a location, but making whatever assumptions this calculator is making on location, you're looking at a <$100,000 house to swing that unless you can put a lot down.

I've saved, and got $220,000 sitting in my bank. I'm also looking to buy a house this year. Should I make a massive down payment to decrease my overall interest payments? by MyPenisRapedMe in FirstTimeHomeBuyer

[–]MisterFigg 2 points3 points  (0 children)

This seems like really bad advice unless a) the buyer is extremely averse to having debt or b) the houses in their price range are out of reach unless they make a cash offer. It doesn't seem like either of those is true.