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UCGal
Participant[quote=walterwhite]
don’t get a drink the minute I get homewait till dinner
drink wine slowly, not like it’s water
stop after 2 drinks.
Don’t drink every day.
Don’t have more than 3 in a day.
Not sure if these are realistic but, they seem reasonable now.[/quote]
This is pretty much what I do. For me it’s because there’s enough alcoholism in my family that I need to set limits just to reassure myself I’m not one.
BG – the way we pour – a bottle of wine is 4 glasses – just over 6 oz each. More than you get in a restaurant if you order by the glass. My hubby and I split a bottle and each get two glasses.
Participant[quote=walterwhite]
don’t get a drink the minute I get homewait till dinner
drink wine slowly, not like it’s water
stop after 2 drinks.
Don’t drink every day.
Don’t have more than 3 in a day.
Not sure if these are realistic but, they seem reasonable now.[/quote]
This is pretty much what I do. For me it’s because there’s enough alcoholism in my family that I need to set limits just to reassure myself I’m not one.
BG – the way we pour – a bottle of wine is 4 glasses – just over 6 oz each. More than you get in a restaurant if you order by the glass. My hubby and I split a bottle and each get two glasses.
Participant[quote=UCguy]
Shall we raid out our 401Ks completely (we can borrow 50% of them) so we can bring it to 417K? I have a funny feeling that HLS would agree with that strategy…[/quote]
I am not a fan of raiding 401k for a large percentage…
Here’s a true story that convinced me.
A friend /former roommate was borrowing form her 401k for her down payment… she was laid off 2 days before closing. There had been rumors that layoffs were coming and she confronted her boss – not wanting to close on a house and be laid off the next day. An hour later she was meeting with the head of HR getting laid off a few days before the mass cut.
She would have been in the situation of having to come up with her 401k dollars or pay huge IRS penalties.
It sucked for the sellers – but she called her realtor and her lender and said – hey, the offer was contingent on financing and financing was contingent on my income – I now have none…
The lender said they’d still issue the loan… she said PLEASE DON’T and they agreed… So she was able to back out of the purchase at literally the last minute.(Fortunately her landlady (me) was willing to extend her lease.)
Based on that- I’d be nervous borrowing too much from the 401k – the 10% penalty on top of the income tax if you don’t pay it back… and you have to pay it back if you change jobs.
Participant[quote=UCguy]
Shall we raid out our 401Ks completely (we can borrow 50% of them) so we can bring it to 417K? I have a funny feeling that HLS would agree with that strategy…[/quote]
I am not a fan of raiding 401k for a large percentage…
Here’s a true story that convinced me.
A friend /former roommate was borrowing form her 401k for her down payment… she was laid off 2 days before closing. There had been rumors that layoffs were coming and she confronted her boss – not wanting to close on a house and be laid off the next day. An hour later she was meeting with the head of HR getting laid off a few days before the mass cut.
She would have been in the situation of having to come up with her 401k dollars or pay huge IRS penalties.
It sucked for the sellers – but she called her realtor and her lender and said – hey, the offer was contingent on financing and financing was contingent on my income – I now have none…
The lender said they’d still issue the loan… she said PLEASE DON’T and they agreed… So she was able to back out of the purchase at literally the last minute.(Fortunately her landlady (me) was willing to extend her lease.)
Based on that- I’d be nervous borrowing too much from the 401k – the 10% penalty on top of the income tax if you don’t pay it back… and you have to pay it back if you change jobs.
Participant[quote=UCguy]
Shall we raid out our 401Ks completely (we can borrow 50% of them) so we can bring it to 417K? I have a funny feeling that HLS would agree with that strategy…[/quote]
I am not a fan of raiding 401k for a large percentage…
Here’s a true story that convinced me.
A friend /former roommate was borrowing form her 401k for her down payment… she was laid off 2 days before closing. There had been rumors that layoffs were coming and she confronted her boss – not wanting to close on a house and be laid off the next day. An hour later she was meeting with the head of HR getting laid off a few days before the mass cut.
She would have been in the situation of having to come up with her 401k dollars or pay huge IRS penalties.
It sucked for the sellers – but she called her realtor and her lender and said – hey, the offer was contingent on financing and financing was contingent on my income – I now have none…
The lender said they’d still issue the loan… she said PLEASE DON’T and they agreed… So she was able to back out of the purchase at literally the last minute.(Fortunately her landlady (me) was willing to extend her lease.)
Based on that- I’d be nervous borrowing too much from the 401k – the 10% penalty on top of the income tax if you don’t pay it back… and you have to pay it back if you change jobs.
Participant[quote=UCguy]
Shall we raid out our 401Ks completely (we can borrow 50% of them) so we can bring it to 417K? I have a funny feeling that HLS would agree with that strategy…[/quote]
I am not a fan of raiding 401k for a large percentage…
Here’s a true story that convinced me.
A friend /former roommate was borrowing form her 401k for her down payment… she was laid off 2 days before closing. There had been rumors that layoffs were coming and she confronted her boss – not wanting to close on a house and be laid off the next day. An hour later she was meeting with the head of HR getting laid off a few days before the mass cut.
She would have been in the situation of having to come up with her 401k dollars or pay huge IRS penalties.
It sucked for the sellers – but she called her realtor and her lender and said – hey, the offer was contingent on financing and financing was contingent on my income – I now have none…
The lender said they’d still issue the loan… she said PLEASE DON’T and they agreed… So she was able to back out of the purchase at literally the last minute.(Fortunately her landlady (me) was willing to extend her lease.)
Based on that- I’d be nervous borrowing too much from the 401k – the 10% penalty on top of the income tax if you don’t pay it back… and you have to pay it back if you change jobs.
Participant[quote=UCguy]
Shall we raid out our 401Ks completely (we can borrow 50% of them) so we can bring it to 417K? I have a funny feeling that HLS would agree with that strategy…[/quote]
I am not a fan of raiding 401k for a large percentage…
Here’s a true story that convinced me.
A friend /former roommate was borrowing form her 401k for her down payment… she was laid off 2 days before closing. There had been rumors that layoffs were coming and she confronted her boss – not wanting to close on a house and be laid off the next day. An hour later she was meeting with the head of HR getting laid off a few days before the mass cut.
She would have been in the situation of having to come up with her 401k dollars or pay huge IRS penalties.
It sucked for the sellers – but she called her realtor and her lender and said – hey, the offer was contingent on financing and financing was contingent on my income – I now have none…
The lender said they’d still issue the loan… she said PLEASE DON’T and they agreed… So she was able to back out of the purchase at literally the last minute.(Fortunately her landlady (me) was willing to extend her lease.)
Based on that- I’d be nervous borrowing too much from the 401k – the 10% penalty on top of the income tax if you don’t pay it back… and you have to pay it back if you change jobs.
ParticipantHey – you stole my name. Just kidding.
So you’d be putting $55k down, and financing $495k if you stay at $550k house.
The $65k you have liquid will be eaten up entirely by the purchase if you put 10% down. $55k for the down, and $10k for various closing expenses and the inevitable trips to home depot once you purchase.
In an ideal world I’d try to figure out a way to stay with financing at $417k or less. I know that’s very hard to do in San Diego. Maybe impossible in your timeframe.
Your income is good… What is your job stability? Are you working in areas that are grant based – where funding could go away? (I’ve got friends who are both PhDs – and one or the other is always scrambling for the next gig when the grant runs out.)
Since you have good income, but less cash… I’d look at areas that are lower cost. I’d rule out most of north county coastal and Carmel Valley. I’d consider larger townhomes even though that may feel less than optimal… you can sometimes get more bang for your buck in attached homes vs detached. I’d look for good pockets in more blue collar areas… Showing my bias towards central San Diego here – I’d be looking in Clairemont, Tierrasanta, PQ, Allied Gardens/Del Cerro, and Poway. Schools are important – but parental involvement is MORE important in the outcome of a kids academic journey.
ParticipantHey – you stole my name. Just kidding.
So you’d be putting $55k down, and financing $495k if you stay at $550k house.
The $65k you have liquid will be eaten up entirely by the purchase if you put 10% down. $55k for the down, and $10k for various closing expenses and the inevitable trips to home depot once you purchase.
In an ideal world I’d try to figure out a way to stay with financing at $417k or less. I know that’s very hard to do in San Diego. Maybe impossible in your timeframe.
Your income is good… What is your job stability? Are you working in areas that are grant based – where funding could go away? (I’ve got friends who are both PhDs – and one or the other is always scrambling for the next gig when the grant runs out.)
Since you have good income, but less cash… I’d look at areas that are lower cost. I’d rule out most of north county coastal and Carmel Valley. I’d consider larger townhomes even though that may feel less than optimal… you can sometimes get more bang for your buck in attached homes vs detached. I’d look for good pockets in more blue collar areas… Showing my bias towards central San Diego here – I’d be looking in Clairemont, Tierrasanta, PQ, Allied Gardens/Del Cerro, and Poway. Schools are important – but parental involvement is MORE important in the outcome of a kids academic journey.
ParticipantHey – you stole my name. Just kidding.
So you’d be putting $55k down, and financing $495k if you stay at $550k house.
The $65k you have liquid will be eaten up entirely by the purchase if you put 10% down. $55k for the down, and $10k for various closing expenses and the inevitable trips to home depot once you purchase.
In an ideal world I’d try to figure out a way to stay with financing at $417k or less. I know that’s very hard to do in San Diego. Maybe impossible in your timeframe.
Your income is good… What is your job stability? Are you working in areas that are grant based – where funding could go away? (I’ve got friends who are both PhDs – and one or the other is always scrambling for the next gig when the grant runs out.)
Since you have good income, but less cash… I’d look at areas that are lower cost. I’d rule out most of north county coastal and Carmel Valley. I’d consider larger townhomes even though that may feel less than optimal… you can sometimes get more bang for your buck in attached homes vs detached. I’d look for good pockets in more blue collar areas… Showing my bias towards central San Diego here – I’d be looking in Clairemont, Tierrasanta, PQ, Allied Gardens/Del Cerro, and Poway. Schools are important – but parental involvement is MORE important in the outcome of a kids academic journey.
ParticipantHey – you stole my name. Just kidding.
So you’d be putting $55k down, and financing $495k if you stay at $550k house.
The $65k you have liquid will be eaten up entirely by the purchase if you put 10% down. $55k for the down, and $10k for various closing expenses and the inevitable trips to home depot once you purchase.
In an ideal world I’d try to figure out a way to stay with financing at $417k or less. I know that’s very hard to do in San Diego. Maybe impossible in your timeframe.
Your income is good… What is your job stability? Are you working in areas that are grant based – where funding could go away? (I’ve got friends who are both PhDs – and one or the other is always scrambling for the next gig when the grant runs out.)
Since you have good income, but less cash… I’d look at areas that are lower cost. I’d rule out most of north county coastal and Carmel Valley. I’d consider larger townhomes even though that may feel less than optimal… you can sometimes get more bang for your buck in attached homes vs detached. I’d look for good pockets in more blue collar areas… Showing my bias towards central San Diego here – I’d be looking in Clairemont, Tierrasanta, PQ, Allied Gardens/Del Cerro, and Poway. Schools are important – but parental involvement is MORE important in the outcome of a kids academic journey.
ParticipantHey – you stole my name. Just kidding.
So you’d be putting $55k down, and financing $495k if you stay at $550k house.
The $65k you have liquid will be eaten up entirely by the purchase if you put 10% down. $55k for the down, and $10k for various closing expenses and the inevitable trips to home depot once you purchase.
In an ideal world I’d try to figure out a way to stay with financing at $417k or less. I know that’s very hard to do in San Diego. Maybe impossible in your timeframe.
Your income is good… What is your job stability? Are you working in areas that are grant based – where funding could go away? (I’ve got friends who are both PhDs – and one or the other is always scrambling for the next gig when the grant runs out.)
Since you have good income, but less cash… I’d look at areas that are lower cost. I’d rule out most of north county coastal and Carmel Valley. I’d consider larger townhomes even though that may feel less than optimal… you can sometimes get more bang for your buck in attached homes vs detached. I’d look for good pockets in more blue collar areas… Showing my bias towards central San Diego here – I’d be looking in Clairemont, Tierrasanta, PQ, Allied Gardens/Del Cerro, and Poway. Schools are important – but parental involvement is MORE important in the outcome of a kids academic journey.
ParticipantIt is not true that Miramar does not fly at night. At least once a month they do touch and goes to certify their pilots in night landings/takeoffs. It’s over before 10pm though… probably before 9pm.
They also fly on weekends. Especially the weekend of the airshow – where it seems all noise restrictions are out the window. This was an issue when my kids used to nap. Not so much anymore. But on airshow weekends (once a year) it’s not uncommon to have it so loud that car alarms go off.
I live in UC – so we’re under the flight path. It’s true you get used to it. I don’t have to interrupt conversations very often… that happens more in Sorrento Mesa during the day.
Here’s some info from the Marines about the noise patterns.
http://www.miramar.usmc.mil/aicuz/LowRes/IndivPFDs/Chap_3_Noise_Screen.pdfYou might also be interested in the accident potential zone… Especially folks in Carmel Valley and west Mira Mesa… the flight path out of Miramar is NOT due west… It heads north and then out over torrey pines golf course. The idea was to avoid dense residential.
http://www.miramar.usmc.mil/aicuz/LowRes/IndivPFDs/Chap_4_APZ_Screen.pdf
ParticipantIt is not true that Miramar does not fly at night. At least once a month they do touch and goes to certify their pilots in night landings/takeoffs. It’s over before 10pm though… probably before 9pm.
They also fly on weekends. Especially the weekend of the airshow – where it seems all noise restrictions are out the window. This was an issue when my kids used to nap. Not so much anymore. But on airshow weekends (once a year) it’s not uncommon to have it so loud that car alarms go off.
I live in UC – so we’re under the flight path. It’s true you get used to it. I don’t have to interrupt conversations very often… that happens more in Sorrento Mesa during the day.
Here’s some info from the Marines about the noise patterns.
http://www.miramar.usmc.mil/aicuz/LowRes/IndivPFDs/Chap_3_Noise_Screen.pdfYou might also be interested in the accident potential zone… Especially folks in Carmel Valley and west Mira Mesa… the flight path out of Miramar is NOT due west… It heads north and then out over torrey pines golf course. The idea was to avoid dense residential.
http://www.miramar.usmc.mil/aicuz/LowRes/IndivPFDs/Chap_4_APZ_Screen.pdf
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