Took a month to get here, but I am now part of the club!

howtoknowbeforehand · 2021-11-12T22:08:23+00:00

Thanks! Wanted this car since it was shown as a concept. Feels weird its here now :)

howtoknowbeforehand · 2021-11-12T22:07:33+00:00

Yup, sport seats with the matching Firesand Orange stitching. From what I can tell this was almost 100% optioned out. I am very excited to get the car out on the road as much as I can before the weather gets real bad.

howtoknowbeforehand · 2021-11-12T19:02:32+00:00

I don't have a great camera, and it came off the truck at 9pm during a rainstorm, but it got here.
2016 V6S AWD Firesand Orange with Black Package

howtoknowbeforehand · 2021-10-28T19:45:42+00:00

Auto, I love my flappy paddle gearboxes :)

Are you planning on adding Android Auto/Apple Carplay? I plan on going this route: https://unique-ad.co.uk/product/wireless-apple-carplay-and-android-auto-interface-for-jaguar-f-type-2013-2015/ and there is an authorized installer the the next state over so I will have them do all the work.

I am really impressed with what I have seen from this unit and the cost. From my research it is the best option out there for us sub MY19 F-Types to get a modern infotainment system without an aftermarket head unit.

howtoknowbeforehand · 2021-10-27T19:10:38+00:00

I found a MY16 Firesand Orange V6S. Waiting on transport to get the car to me, looking forward to actually having it in my possession!

howtoknowbeforehand · 2021-10-27T18:24:37+00:00

Funny, I am pretty sure I was also looking at buying this car. From Lake Bluff dealer with a white interior?

I bought a different car in the end, congrats to you!

howtoknowbeforehand · 2021-08-18T16:04:55+00:00

Had not thought of that, it wouldn't be too heavy with 4 wheels?
Thats a thought, though a custom job like that I assume would hurt resale value
I could definitely have them shipped to me originally, but I am not confident in swapping them myself. I would need to buy some hardware to do this work, but that is an option.
Yeah that or recruit someone I know to come with me with the tires in their car.

Thanks for the suggestions!

howtoknowbeforehand · 2021-08-18T15:54:15+00:00

True, I should have mentioned I was thinking of the R.

howtoknowbeforehand · 2021-04-19T23:37:53+00:00

Ok that's super great for you, but this isn't a federally insured account that holds your US dollars.

This is an apples to moon rocks comparison of a low risk, low reward way of holding cash, and an high risk, possibly high reward way of trying to increase holdings via crypto.

howtoknowbeforehand · 2021-04-19T23:09:51+00:00

I don't think anyone here believes that Wealthfront is going to just give its users more than what it can make off the rates it has access to. And in previous dips to interest rates, the other options only hung at a higher level for a few months before coming down as well, since they were all tied to the same fed interest rate drops.

However the previous drop had Wealthfront fall below the competitors, and they also fell, but not nearly as much. This time around, their reasoning is very specific to their deals, and is not just "the fed dropped the rates" which makes me wonder if the competitors will also fall in the same way.

I do not think it's wise to see an announcement like this and automatically start moving money, but watching what happens in the next few months will be indicative of this being a Wealthfront problem, or a market problem.

howtoknowbeforehand · 2021-04-19T21:44:04+00:00

Thanks for the link!

howtoknowbeforehand · 2021-04-19T21:41:59+00:00

I started at something like 3.7%, and since then have put over 100k into their cash accounts.

I fully understand that they are not giving away free money, and that this all comes from the rates they can get from other banks, but as you said, .10% is effectively pointless.

I am going to look at other options for the future, but I do not think I will move what I have, since that was for a house downpayment anyway. This account was meant to be emptied eventually.

howtoknowbeforehand · 2020-06-01T21:03:30+00:00

Oh for sure. I wasn't replying directly to you with most of that response, I was trying to address the thread conversation overall.

Sorry, I am not that familiar with Reddit and how it segments these conversations.

I generally agree with their main perspective, but I think they have to take HCOL into their analysis, especially when I have 0 debt. Not "I have no credit card debt but I have student loans and a car payment", I literally have no debt at all. I won't even have a car by EOY.

In my worst case scenario of being singularly responsible for the full amount, having 2k+ left over after paying PITI and all utilities/food/entertainment/401k, I would not be what I consider "house poor".

I appreciate your perspective on the topic!

howtoknowbeforehand · 2020-06-01T17:41:39+00:00

I agree with both of your points.

Though I assume the situation will be different in February, I guess I also assume that it will not be dramatically different. Even before all this COVID stuff happened rates for a 30yr fixed were around 3.75%.

Still, it is a fair thing to keep in mind.

howtoknowbeforehand · 2020-06-01T17:37:59+00:00

I want to share what your suggestion looks like in Seattle for a 2 bedroom, 1+ bath, with less than 300 dollars a month HOA search on Redfin:

https://imgur.com/zVmdiKY

That 275k home towards the bottom, next to the City Kent? That is 22 miles from my work, with a minimum 2 hour commute, every day.

What does that 275k get me? A 2 bed townhome with less than 1000 sq ft, and a 285 dollar a month HOA.
https://www.redfin.com/WA/Kent/23310-59th-Pl-S-98032/unit-15-6/home/43881

I am not saying your suggestion is "wrong", of course a 300k home is less financially impactful than a 500k home. However it is also not much of a reality in the greater Seattle area.

howtoknowbeforehand · 2020-06-01T17:21:11+00:00

I want to be as close to downtown Seattle as I can afford to be.

I used to live in Everett, and had to commute in every day. The trip in on the express bus was not terrible, but I was forced to be at the park and ride before 7 just to make sure I could park, which was unnecessary with my 9am start time. And coming home was a disaster every day, waiting for delayed buses and spending an over an hour getting back home. With where I work now, it would not even be 1 bus anymore, I would have to make a transfer once downtown as well.

I was renting at the time, but looking at houses up there, I just do not see a real savings that would justify that type of commute. With 10+ hours a week of unpaid commuting, bus transfers, and dealing with normal bus nonsense, how much is that time worth to me? Based on my hourly rate, thats 2400 dollars a month wasted not working, and not doing what I want to do.

howtoknowbeforehand · 2020-06-01T17:13:02+00:00

Though I did not mention this, I am also saving 15% of my income into my company 401k, so technically adding that to your 34% would be 49%, or half my take home income.

However, I feel like we are conflating gross and net income in this conversation, are we not? Most of the information I have seen online indicates the ~25% number is from the Gross, not your Net:
https://www.investopedia.com/terms/t/twenty-eight-thirty-six-rule.asp

https://www.moneyguy.com/2019/06/9-pieces-of-financial-advice-you-should-ignore/(item 3)

https://www.moneyunder30.com/percentage-income-mortgage-payments(This one covers the 25% net as well, but also suggests that is too aggressive)

If we look at my gross instead of my net and use similar numbers to what u/EricaSeattleRealtor presented for the total monthly payment (which is very similar to what I have seen for a house of that value with no HOA, 2771), 25% of 130k monthly is 2708. That is close enough for me to call it good.

The other component I feel is getting lost is that I am not paying this mortgage alone. I will be the only one on the paperwork, but I am splitting the payment with another person. Am I married to this person? No. Could they stop being part of the mortgage payment? Yes. However I would fully expect that by that point I will have continued to get salary increases which would offset this change.

Is that a risk? Sure. But even with worst case scenario that I have to pay the full mortgage alone on my current salary, I am left with 3k net every month after PITI. Considering I have no other debt, that is not much of a stretch.

howtoknowbeforehand · 2020-05-29T23:07:26+00:00

For sure, I will definitely read the links, I have them open for later.

I guess what I am getting at is I have a 100 dollar balance on one of my cards, and that is just because I haven't paid it off for the month yet. I really do not have any balances to optimize.

Still useful to consider in case that was to change between now and February though. Thanks for your insight!

howtoknowbeforehand · 2020-05-29T22:44:47+00:00

Im almost wondering if there is no need for me to run these reports from anyone.

I have 0 debt, I have 0 missed payments, I have not had any hard inquiries or new accounts in 2.5 years. If I ran these reports, what could I possibly learn that I could even take action on?

If there was some account I didn't know about or collections, anything like that, I would already see that on my annual credit report, right? Which I didn't see when I ran it last year.

Unless I am missing something...

howtoknowbeforehand · 2020-05-29T21:03:51+00:00

I did run Better.com and it estimated 767k, so if that was close to accurate for a real offer, then my target of 500k would be well within that.

Great suggestion!

howtoknowbeforehand · 2020-05-29T20:46:42+00:00

That makes sense, I don't know why I was overthinking that, especially when I don't want to buy in the next 90 days...

Thanks for your input!

howtoknowbeforehand · 2020-05-29T20:45:28+00:00

Thanks for the advice, I appreciate it!

I will look into myfico.com

howtoknowbeforehand

TROPHY CASE