[Coronita]

[quote=FlyerInHi]I just saw a 2000sf condo. That would be fine for a family.
Why is a house a necessity if you have kids? I’m enjoying condo living and never want a house again.

I wish they’d build more condos. Mid to high rises over 4 stories so they are solid concrete and steel. I think in Irvine and Carmel Valley, the Asians and tech workers would buy them up like hot cakes.[/quote]

Buying a 2000 sqft attached home in a given area might not me that much more affordable than an sfh. It depends on what the hoa will be. For example, if a condos hoa ends up being $400/month, that would be equivalent to borrowing more on a 30year with monthly payments being $400 more.

[Coronita]

Start smaller and move up. Especially if you are starting at a time when prices are high.

After I pay off my primary in Carmel v, I am going to buy a bigger house elsewhere. With as little down as possible. Worst comes to worst, if I can’t make payments, I’ll just jingle the keys right back to the bank. Just kidding.. Sort of…

[Coronita]

I can’t wait until I retire. Then I don’t need to plan my next house purchase based on where I work. If you don’t buy into the hype about school district such as Carmel VAlley, you could consider the newer homes in Sorrento Vallley done by Pardee. Still good schools, but probably not nearly the preimum as in CarmelV. But I’m sure some people have strong opinions on “tract homes”

[Coronita]

I am considering getting a place in Carlsbad, though if you work in Sorrento valley, that would be a suckville commute.

[Coronita]

[quote=ocrenter][quote=Hobie]You might check Skyranch in Santee. good reviews. And maybe even look at Newport Coast. Lots of good stuff up there.[/quote]

another great thing about Skyranch is it is only 10 minutes away from La Jolla.[/quote]

You stole my line. That’s trademarked. Watch out for the lizards.

[Coronita]

[quote=Blogstar]Few people know what their true max hr is but 177 is a pretty high percentage of max for anyone! That would be like an intense race effort unless you have a really above average max. My max is in the 180’s probably mid to low . My HR monitor on the Garmin and the treadmill are always the same , maybe +or – 1, but you can check that.

I never use those programs , I choose manual mode and make adjustments to the treadmill to what I want as needed.[/quote]

I had a typo, 167, not 177…lol.

[Coronita]

[quote=Blogstar]Are you calculating equivalent paces with in incline? According to this ,http://www.hillrunner.com/training/tmillchart.php, incline makes a pretty big difference. Some people say they are slower on a treadmill some say faster. 1% incline is supposed to cover lack of wind resistance at any pace. That’s assuming a comparison to a calm day outside on level ground.

http://www.hillrunner.com/training/tmillchart.php%5B/quote%5D

I don’t know 🙂

The treadmill spits on the miles I ran and the time 🙂
Maybe it’s off…

I set the pace to about 7.6 for the first 2 miles. The program I use on the treadmill starts off with a 0.5 incline for the first 2 minutes and than gradually ramps up to 1 to 1.5 with a 30 second interval around 3 and then back to 0.5 and back to 1-1.5 and then back to 0.5. Toward the last mile, I sometimes need to drop the pace of to around a 7.4

I think I’m probably faster on the treadmill, because I set the speed above what I’m normally use to running on the road. It forces me to keep up. If I running on the road, I don’t think I push myself as hard. The treadmill is also much easier on my feet. I didn’t think it would make a big difference. But I think what gets me to stop running sooner isn’t my heart or lack of breath, it’s leg/foot fatigue. Orthodics helps a lot but I can still feel much more running on the road than on a treadmill. In my work gym, we also have a treadmill that only moves based on your running. I haven’t tried that yet, but that’s suppose to be more realistic. Myabe I should run on the road more. I use to, but ever since I moved offices, it’s a little more of a challenge.

The heart rate “monitor” on the treadmill (again probably not accurate) says around 167

[Coronita]

[quote=Blogstar][quote=flu][quote=Blogstar]You may have the asian youth gene but you are pretty slow for one.

https://www.youtube.com/watch?v=MgZsjmBjRg0

Just kidding , if you are holding 8:40 average for a few miles already that’s not bad at all.[/quote]

Make that 8:06 as of today[/quote]

That’s great. Faster than I run an average base run.
Do you have a heart rate monitor to tell you how hard you are working? Perceived effort? How would that compare to if you really raced the same distance? You run every day right? Daily run effort should usually be about 70% as hard as a 5k. Thats kind of a generally accepted point of view for every day recreational runners, which I think you said you are, but certainly not set in stone. Do you warm up some? Or going from zero to 8:06 per minute feels o.k.?

Did I give you an idea for something else to buy? I like Garmin running watches. .[/quote]

Sorry, I should have clarified, the 8:06 was done on a treadmill with an incline, as was the 8:40 previously. I doubt the time would translate to an actual marathon on a road with different terrain. I think time on treadmills, even with an incline, appear much faster than on a real road. I did try to use Google Fit on my smartphone and borrowed my friend’s FitBit when I did run on the road, and there didn’t seem to be that much of a difference in the time, but maybe I chose an easy path HA!. Google Fit is off by about .25 miles

My first mile is usually hell, because my legs are sore. Starting my second mile, the I can’t feel the soreness. Starting the third mile, I can’t feel my legs, lol. I don’t stretch or warm up (I guess I should).

[Coronita]

[quote=Blogstar]You may have the asian youth gene but you are pretty slow for one.

https://www.youtube.com/watch?v=MgZsjmBjRg0

Just kidding , if you are holding 8:40 average for a few miles already that’s not bad at all.[/quote]

Make that 8:06 as of today

[Coronita]

The transmission and engine itself probably will not be an issue. However, every electrical thing that breaks, every plastic panel that cracks, every seal that needs to be replaced, every hose that needs to be replaced, every coil pack that will need to be replaced, EGR valve, throttle body cleaning, etc will cost you a fortune wrto labor. (Parts will be reasonably priced from places like FCP Euro). The only way to keep a german car past 5 years is if you can turn a wrench or willing to pay a lot of money for it. My audi’s book value is around $2000-3000. I deferred any sort of major repairs. I could do it to save on labor costs, but parts itself would be significant, and my time. So I put up with a lot of leaks

German cars are not known for their serviceability. More recently, BMW actually tries to prevent serviceability from most garage mechanics by requiring custom tools and ECU programming, even for something as simple as changing a battery. Ask anyone who has an E90/E92 BMW 3 series, and ask them how much it costs to replace the battery. Dealer will be $800, independent shops will be like $400. Half the cost is labor, and that includes a required ECU reprogram.

[Coronita]

I would pass, unless you plan on working on the car yourself. It’s a BMW. Something is going to break. And your repair bill will not be small if you can’t turn your own wrench. Same could be said for VW, Audi, Mercedes. There’s a reason why they are cheap when they are this old.

[Coronita]

[quote=HLS]FLU,
Your rate IS 2.50% (not WAS)
Pay off your mortgage now and invest/play/gamble/pray with $2534 a month that you will have.
….I think it’s foolish to invest/play/gamble/pray with $75K thinking that you will come out ahead.

There are hundreds of billions of dollars/euros/yen/francs/pounds/rubles/rand etc
being invested long term at rates lower than you are looking for by professional money managers
who understand risk MUCH better than the average person who is buying dividend paying stocks thinking they are safe and smart.

The stock market has made fools out of MANY very otherwise intelligent people AND it’s going to do it again, possibly soon.

it’s time to wake up and stop thinking we are back in the 90’s facing huge economic growth again.

See my post on negative interest rates.
It’s time for everyone to reconsider what they think ‘must’ happen in the future and consider some alternatives.[/quote]

Good point

[Coronita]

Sorry, I didn’t get back on this thread until now.

The rate of the 15 year was 2.5%
There’s now about $77k left on it and about 2 years 9 months left…

Regular monthly payment is $3650/month including impound.
Of that, $2534/month is P+I, with the rest being insurance+tax

Starting in Feb 1, interest portion is roughly $160/month, and falls about $5/month each month. Principal is $2374 and increases $5/month.

The amortization table is below.

A few notes:

1. I don’t foresee a cashflow issue or being “cash poor” if I were to pay the $77k off in my scenario.
While my net worth is currently split between roughly 50% stock, 45% real estate, and 5% cash, I can liquidate half of my stock holdings, as they are after tax.. And that’s part of what I have been doing…Selling stocks to pay down debt that doesn’t generate income (IE my primary)…Just incase 2016 is a bad year for the stock/bond market. The rentals in the real estate portion nets about $30k/year.

2. But when, I looked at the amortization table below, I saw that at most I only will pay an extra $2600 in total interest if I continue the mortgage payment schedule for the next 2 years/9 month. And to me, I thought that was a pretty cheap cost to have $77k left to invest. I guess for me, I was thinking in what, other than stocks/bonds which I’m trying to avoid.

That’s where I was thinking if I pay the mortgage off early, I’d be saying myself $2600, which came out to be about 1.18% on average per year, for the last 2 years/9 months, which is why I was thinking it wasn’t worth it.

But you folks are telling me that isn’t the correct way to look at it. 🙂 Which brings me to the original question: what is the correct way to look at it?

——
Month, Total payment, Principal, Interest, P+1, total interest, principal left

2/1/2016 $3,648.92 $2,373.83 $159.97 $2,533.80 $159.97 $74,410.23
3/1/2016 $3,648.92 $2,378.78 $155.02 $2,533.80 $314.99 $72,031.45

…

8/1/2018 $3,648.92 $2,526.77 $7.03 $2,533.80 $2,612.34 $848.60
9/1/2018 $1,965.49 $848.60 $1.77 $850.37 $2,614.11 $0.00

[Coronita]

[quote=svelte][quote=flu][quote=svelte][quote=flu]

I never attend an auto show. I never like to look at what I can’t have 🙂

[/quote]

It was actually my wife’s idea. I told her she was playing with fire. We went anyway… :)[/quote]

Lol. I was talking about the cars. Really 🙂 I don’t like going to any car meet with a lot of cars that are unobtainable for me right now:)[/quote]

ha either way I agree!

I think she wanted to go to the show because she’s due a new car next year. Trying to figure out what she wants.

My problem is that our garage is now full so if we get another car something has to go outside, because I’m not selling any of what we’ve got! For all except one, they are fully depreciated, cheap to insure, in excellent shape, and wouldn’t bring as much as they’re worth to me. So I’m keepin’ em.

We’ll see how this plays out.

I did get a touch of car fever at the show, but it is subsiding now.

Another thing I forgot to mention: the Mercedes display was huge and there were several models I didn’t even know existed. I can’t quite figure out how they are able to introduce so many models. BMW is getting to be the same way.

And have you seen the Mercedes GTS? Oh my lord is that gorgeous! That car is going to be a classic! They had a red one at the show and I fell in love…couldn’t sit in it but peering in the windows the interior is delicious. And it has a V8. And a $144K sticker. Maybe we’ll get one used in another decade. Save a ton of cash buying used.[/quote]

The Mercedes GTS is awesome.

I think BMW is straying way too much from their roots. There’s the 1 series, 2 series, 3 series, 4 series, 4 series 4 door coupe, 5 series, 6 series, 6 series with 4 door coupe, 7 series. X1,2,3,4,5,6,7 and M2, M3, M4, M5, M6…Not to mention all the diesels. Oh well.

You can’t possibly have a bigger space issue than me. I have two in the garage, and 3 on the street, which I’m sure my neighbors are just thrilled about. I can’t imagine juggling a 6th car..

I really want a GT4… More than a 911s

Unfortunately, they are $25k above MSRP. And I’m not going to pay 2017 911s price for it.

Did you see the Ford GT there? That thing is awesome.

[Coronita]

[quote=svelte][quote=flu]

I never attend an auto show. I never like to look at what I can’t have 🙂

[/quote]

It was actually my wife’s idea. I told her she was playing with fire. We went anyway… :)[/quote]

Lol. I was talking about the cars. Really 🙂 I don’t like going to any car meet with a lot of cars that are unobtainable for me right now:)

[Author]

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