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(former)FormerSanDiegan
Participant[quote=SmellsFeeshy][quote=FormerSanDiegan]Consider buying new, if SD Water Dept participates in the current rebate program. There is a $300 rebate from southern California water agencies for these models. Not sure of SD water Dept participates but LA DWP does.
[/quote]Thanks for the tip. I did some research and sure enough its available here:
http://www.sandiego.gov/water/conservation/washer.shtml
List of qualifying models:
http://socalwatersmart.com/images/PDFs/qualifying_list_hecw.pdfRetailers:
http://socalwatersmart.com/images/PDFs/retailers_hecw.xlsSeems like a pretty good deal but no discount on the dryer.[/quote]
So buy a new washer and nab a cheap dryer off Craiglist.
Or for a more eco-friendly and economical solution to clothes drying try this …
ParticipantConsider buying new, if SD Water Dept participates in the current rebate program. There is a $300 rebate from southern California water agencies for these models. Not sure of SD water Dept participates but LA DWP does.
You can buy a brand new energy efficient, Consumer reports rated front-load GE washer from Home Depot for $629. You will also save enough compared to a top loader over 3 years to make up the rest of the 300-350 difference (assuming you pay water and electric), resulting in an essentially free washer.
Also, Home Depot and Lowe’s usually offer a rebate resulting in free on delivery/installation (and removal of old model if needed).
ParticipantConsider buying new, if SD Water Dept participates in the current rebate program. There is a $300 rebate from southern California water agencies for these models. Not sure of SD water Dept participates but LA DWP does.
You can buy a brand new energy efficient, Consumer reports rated front-load GE washer from Home Depot for $629. You will also save enough compared to a top loader over 3 years to make up the rest of the 300-350 difference (assuming you pay water and electric), resulting in an essentially free washer.
Also, Home Depot and Lowe’s usually offer a rebate resulting in free on delivery/installation (and removal of old model if needed).
ParticipantConsider buying new, if SD Water Dept participates in the current rebate program. There is a $300 rebate from southern California water agencies for these models. Not sure of SD water Dept participates but LA DWP does.
You can buy a brand new energy efficient, Consumer reports rated front-load GE washer from Home Depot for $629. You will also save enough compared to a top loader over 3 years to make up the rest of the 300-350 difference (assuming you pay water and electric), resulting in an essentially free washer.
Also, Home Depot and Lowe’s usually offer a rebate resulting in free on delivery/installation (and removal of old model if needed).
ParticipantConsider buying new, if SD Water Dept participates in the current rebate program. There is a $300 rebate from southern California water agencies for these models. Not sure of SD water Dept participates but LA DWP does.
You can buy a brand new energy efficient, Consumer reports rated front-load GE washer from Home Depot for $629. You will also save enough compared to a top loader over 3 years to make up the rest of the 300-350 difference (assuming you pay water and electric), resulting in an essentially free washer.
Also, Home Depot and Lowe’s usually offer a rebate resulting in free on delivery/installation (and removal of old model if needed).
ParticipantConsider buying new, if SD Water Dept participates in the current rebate program. There is a $300 rebate from southern California water agencies for these models. Not sure of SD water Dept participates but LA DWP does.
You can buy a brand new energy efficient, Consumer reports rated front-load GE washer from Home Depot for $629. You will also save enough compared to a top loader over 3 years to make up the rest of the 300-350 difference (assuming you pay water and electric), resulting in an essentially free washer.
Also, Home Depot and Lowe’s usually offer a rebate resulting in free on delivery/installation (and removal of old model if needed).
ParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
ParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
ParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
ParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
ParticipantI believe that we are close to the bottom as measured by SFR median price in San Diego.
Part of the reason is technical (the sales mix is skewed to the low end and will skew upward as higher priced markets tank and become more affordable).
The other part is fundamental : Affordability ratio for starter areas is favorable.
Participant[quote=RB132]Here is the problems I can see with borroing from 401k.
1, You may to pay back if you leave the job or lost the job. If you don’t pay, the pnalty comes.
2, You pay the interest with your after tax money. When you take it out after retire, you pay tax again.[/quote]
The fact that you pay it back with after-tax money is a red-herring. As is the Suze Orman “that money is taxed twice” advice.
If you borrow from another source outside your 401K you are taxed on what you pay back to that loan, too.
Consider the loan from the perspective of your 401k and from the perspective of you as an individual.
First, the 401k – From the 401k’s point of view, the loan is simply a short/intermediate bond that pays back at a rate of 3% or whatever the loan rate is. If you are happy with what amounts to a fixed income CD-like investment that pays about 3% or so for a portion of your 401 it might make sense. For most people, if they had taken a loan a year ago and put it in the mattress and paid it back today, their 401k would be ahead.
Second, from your point of view – If borrowing from your 401k at 3% and paying down a debt that is much higher (e.g. a 7% second) it can make sense. Also, as suggested above there is sometimes a non-linear improvement in loan terms in cases where you can use the 401k loan to eliminate PMI. In that case the equivalent return can be in the double digits.
Still, should you leave or lose your job, the early withdrawal penalty would be the major concern. The other concern would be that you would miss out on investment opportunities in the market, should it rally during the term of the loan.
Participant[quote=RB132]Here is the problems I can see with borroing from 401k.
1, You may to pay back if you leave the job or lost the job. If you don’t pay, the pnalty comes.
2, You pay the interest with your after tax money. When you take it out after retire, you pay tax again.[/quote]
The fact that you pay it back with after-tax money is a red-herring. As is the Suze Orman “that money is taxed twice” advice.
If you borrow from another source outside your 401K you are taxed on what you pay back to that loan, too.
Consider the loan from the perspective of your 401k and from the perspective of you as an individual.
First, the 401k – From the 401k’s point of view, the loan is simply a short/intermediate bond that pays back at a rate of 3% or whatever the loan rate is. If you are happy with what amounts to a fixed income CD-like investment that pays about 3% or so for a portion of your 401 it might make sense. For most people, if they had taken a loan a year ago and put it in the mattress and paid it back today, their 401k would be ahead.
Second, from your point of view – If borrowing from your 401k at 3% and paying down a debt that is much higher (e.g. a 7% second) it can make sense. Also, as suggested above there is sometimes a non-linear improvement in loan terms in cases where you can use the 401k loan to eliminate PMI. In that case the equivalent return can be in the double digits.
Still, should you leave or lose your job, the early withdrawal penalty would be the major concern. The other concern would be that you would miss out on investment opportunities in the market, should it rally during the term of the loan.
Participant[quote=RB132]Here is the problems I can see with borroing from 401k.
1, You may to pay back if you leave the job or lost the job. If you don’t pay, the pnalty comes.
2, You pay the interest with your after tax money. When you take it out after retire, you pay tax again.[/quote]
The fact that you pay it back with after-tax money is a red-herring. As is the Suze Orman “that money is taxed twice” advice.
If you borrow from another source outside your 401K you are taxed on what you pay back to that loan, too.
Consider the loan from the perspective of your 401k and from the perspective of you as an individual.
First, the 401k – From the 401k’s point of view, the loan is simply a short/intermediate bond that pays back at a rate of 3% or whatever the loan rate is. If you are happy with what amounts to a fixed income CD-like investment that pays about 3% or so for a portion of your 401 it might make sense. For most people, if they had taken a loan a year ago and put it in the mattress and paid it back today, their 401k would be ahead.
Second, from your point of view – If borrowing from your 401k at 3% and paying down a debt that is much higher (e.g. a 7% second) it can make sense. Also, as suggested above there is sometimes a non-linear improvement in loan terms in cases where you can use the 401k loan to eliminate PMI. In that case the equivalent return can be in the double digits.
Still, should you leave or lose your job, the early withdrawal penalty would be the major concern. The other concern would be that you would miss out on investment opportunities in the market, should it rally during the term of the loan.
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