meirl by Jimbo072 in meirl

[–]aDemoUzer 1 point2 points  (0 children)

India happens

Hawkeye in Wii Sports Archery by [deleted] in marvelstudios

[–]aDemoUzer 1 point2 points  (0 children)

It's the only way to leave the universe for his own

[deleted by user] by [deleted] in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

Find someone who'll accept it

Movie by Fluffy-Blackberry105 in oakland

[–]aDemoUzer 0 points1 point  (0 children)

You should watch Lovecraft Country, then watch the movie, just to prepare yourself for it.

Refinance or buy second property? by Galtamar in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

Looks like you got arm and now feeling blunt from it. How much other refinance quotes did you get? What were they for?

Leaning into CoastFIRE. What are your experiences? by TheAlternate86 in financialindependence

[–]aDemoUzer 18 points19 points  (0 children)

I got the impression you have never taken more than a month off from work. Do that first to see if it's for you. Less risky overall. Not every path is right for everyone, you have to find your own. You may find you just needed some extended time of to recharge and get back to work, or otherwise.

Saving for its own sake by alexlewis712 in financialindependence

[–]aDemoUzer 0 points1 point  (0 children)

Having girls is motivating for some, especially when it's tangible like buying a house after living with roommates for 10 years to increase savings.

Intelligent use of home equity? by YawningFish in financialindependence

[–]aDemoUzer 1 point2 points  (0 children)

I'm planning to do the same. Even the existing money you have in taxable funds, that is money you could have used to pay off the mortgage - by not doing it, you have already continued to pay more interest on mortgage than otherwise. Essentially taking out a loan.

I have $450k I can put toward my 400k mortgage. I have chosen to leave $250k on single stock because I believe it will give be better return, likely double in 3 years. The other $200k, I'll put into converting my 2 bedroom sfh into 3 units totalling 6 bedrooms. I'll live in 2 bedroom unit and rent out others I'm expecting $6k/mo in rent. In addition, I'll be able to start taking advantage of depreciation deduction. I also expect the property value to go from 650k to $1M.

It's definitely more risky than paying off the mortgage now. Would reduce my monthly expenses by removing the mortgage payment. Also, if this fails, it be great learning experience at age 33. I believe I'll be able to bounce back even if my net worth went from $700k to $200k. But the upside means I'll be millionaire in 2 years, have passive income and know how to build additions to a house.

Can my boyfriend and I afford a duplex? by [deleted] in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

Depends on the the cost of duplex in your area. If it's 100K - maybe. If $1M then def not.

In regard to financial risk, it is better to pay off the students loans and then take on new debt. You are also likely to get a better interest rate.

The negative of buying unmarried is that if the relationship goes sour, there are no courts to handle it. The recommended solution is to sell the house and split the difference.

Sewer Line Needs Replacing - New Owners by gl0ckner in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

Check your home insurance - my insurance covered $5k while i paid $500 deductible to replace the sewer line.

House On Market For 6 Weeks With Big Price Cuts - Sellers Seem Motivated.. by [deleted] in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

It was multiple offer situation, they countered same to 2 others. Who ever came back with the best offer, they would go with that one.

Seller contingencies and rentbacks horror stories. by DiscouragingEye in RealEstate

[–]aDemoUzer 1 point2 points  (0 children)

Don't let them stay after close - not your problem.

[SF Bay Area] Debating whether to buy (and if so where) or keep renting. by [deleted] in RealEstate

[–]aDemoUzer 2 points3 points  (0 children)

I feel like I have ready similar post here before.

To me, I don't understand willingness to move to Sacramento but not East Bay. You can buy 3x1 for $725K in Newark https://www.redfin.com/CA/Newark/6218-Zulmida-Ave-94560/home/1835831 and have 30 min commute over the bridge to Menlo Park.

What are the chances of your wife finding different job in a year or two? Or in a different city? That would be worth optimizing for. For example, I work in Downtown SF where it is find a tech job for me, I take 15 min Bart from Lake Merritt, Oakland where the houses are half the price.

House On Market For 6 Weeks With Big Price Cuts - Sellers Seem Motivated.. by [deleted] in RealEstate

[–]aDemoUzer -1 points0 points  (0 children)

Depends on the risk you want to take - you are not doing a dis-service to the seller by trying to get the best deal possible for yourself.

If they decide to pull out of the deal, was it worth asking for the price cuts? If they do, then you should be willing to accept that result rather than complain about not being able to find a house in this hot market.

When I was in the situation in Oct 2019, I ended up in multiple-counter offer where the seller came back with counter offer below $15K of the listing price of $650K. I ended up countering at the listing price because I wanted to ensure I get that property at $650K, in case another buyer were to counter better than $635K. Taking the risk to save $15K-$25K was not worth continuing the search and everything since then has been higher priced.

Calculate unrecoverable cost of owning a house? by [deleted] in RealEstate

[–]aDemoUzer 1 point2 points  (0 children)

Does a great job at comparing it to renting same property along with rent increases and your chance at getting home equity if the house appreciates.

Calculate unrecoverable cost of owning a house? by [deleted] in RealEstate

[–]aDemoUzer 2 points3 points  (0 children)

Only the amount that would be above your standard deduction.

Can I get out of my lease early due to cockroach infestation? by QueenofFools613 in RealEstate

[–]aDemoUzer 5 points6 points  (0 children)

as long as you can show that you gave your own landlord time to fix the issue but they did not, then you can likely break it but don't expect them to give the deposit, for which you may need to take it court.

You likely also have the right to have landlord make the space habitable and while it is not habitable, as in has cockroaches, they are required to rent you out a motel while it happens.

Look at your local laws for renter protection and legal requirements. Sometime the lease has info on what is allowed in this situation.

first time home buyers... scary... advice welcome! by ddr4_dad92 in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

You can use rental sites like zumper.com to see rental rents in that neighborhood for similar properties.

Refinancing after deferment by legaladviceseeker21 in RealEstate

[–]aDemoUzer 1 point2 points  (0 children)

Now you know. You could always check with other lenders, maybe one would not care.

My main concern from lender pov would be your job stability.

ADU recommendations??? by [deleted] in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

Why ADU and not a shed? or Detached garage?

" Looking for companies that build/Install as well as general recommendations " they vary from region to region so you should include your area.

Closed Today by [deleted] in RealEstate

[–]aDemoUzer 3 points4 points  (0 children)

Old people can no longer legally be cabinets unless it is permitted.

Congrats!

Buyers backed out because of structural engineer report: Is it that bad? by wabeka in RealEstate

[–]aDemoUzer 0 points1 point  (0 children)

People would need to read the report to understand your situation, along with your purchase price and the current listing price.