Bad timing
-
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
It's a man-made retention pond, designed to collect water, to prevent floods. Otherwise the developer would have built more homes there to maximize their profit.
wrote on 7 Sept 2022, 16:49 last edited by@Horace said in Bad timing:
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
It's a man-made retention pond
SO SEXIST.
-
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
wrote on 7 Sept 2022, 21:55 last edited by@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
Lad, Toledo Bend is the largest reservoir in the U.S. created without federal government funds. In terms of size, it's number 16 on the list of the top 25 in the U.S. Rayburn is number 17.
Don't think you have to worry about them getting too high, although too low might be a problem.
-
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
Lad, Toledo Bend is the largest reservoir in the U.S. created without federal government funds. In terms of size, it's number 16 on the list of the top 25 in the U.S. Rayburn is number 17.
Don't think you have to worry about them getting too high, although too low might be a problem.
wrote on 7 Sept 2022, 22:01 last edited by Doctor Phibes 9 Jul 2022, 22:01@Jolly said in Bad timing:
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
Lad, Toledo Bend is the largest reservoir in the U.S. created without federal government funds. In terms of size, it's number 16 on the list of the top 25 in the U.S. Rayburn is number 17.
Don't think you have to worry about them getting too high, although too low might be a problem.
Yes, yes, very nice. But you live in a State where they built a city below sea level. Not exactly mankind's smartest hour, even if the music was exceptional.
-
@Jolly said in Bad timing:
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
Lad, Toledo Bend is the largest reservoir in the U.S. created without federal government funds. In terms of size, it's number 16 on the list of the top 25 in the U.S. Rayburn is number 17.
Don't think you have to worry about them getting too high, although too low might be a problem.
Yes, yes, very nice. But you live in a State where they built a city below sea level. Not exactly mankind's smartest hour, even if the music was exceptional.
wrote on 7 Sept 2022, 22:04 last edited by Jolly 9 Jul 2022, 22:04@Doctor-Phibes said in Bad timing:
@Jolly said in Bad timing:
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
Lad, Toledo Bend is the largest reservoir in the U.S. created without federal government funds. In terms of size, it's number 16 on the list of the top 25 in the U.S. Rayburn is number 17.
Don't think you have to worry about them getting too high, although too low might be a problem.
Yes, yes, very nice. But you live in a State where they built a city below sea level. Not exactly mankind's smartest hour, even if the music was exceptional.
Shucks, the Dutch built Amsterdam below sea level and it doesn't seem to bother them much...
-
@Doctor-Phibes said in Bad timing:
@Jolly said in Bad timing:
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
Lad, Toledo Bend is the largest reservoir in the U.S. created without federal government funds. In terms of size, it's number 16 on the list of the top 25 in the U.S. Rayburn is number 17.
Don't think you have to worry about them getting too high, although too low might be a problem.
Yes, yes, very nice. But you live in a State where they built a city below sea level. Not exactly mankind's smartest hour, even if the music was exceptional.
Shucks, the Dutch built Amsterdam below sea level and it doesn't seem to bother them much...
wrote on 7 Sept 2022, 23:29 last edited by@Jolly said in Bad timing:
@Doctor-Phibes said in Bad timing:
@Jolly said in Bad timing:
@Doctor-Phibes said in Bad timing:
It strikes me that the problem with being close to a lake is that, like mortgage rates, water levels can go up as well as down.
I speak as somebody who works for an insurance company. Water is not always our friend.
Lad, Toledo Bend is the largest reservoir in the U.S. created without federal government funds. In terms of size, it's number 16 on the list of the top 25 in the U.S. Rayburn is number 17.
Don't think you have to worry about them getting too high, although too low might be a problem.
Yes, yes, very nice. But you live in a State where they built a city below sea level. Not exactly mankind's smartest hour, even if the music was exceptional.
Shucks, the Dutch built Amsterdam below sea level and it doesn't seem to bother them much...
They're a lot taller than average so it's probably less concerning for them
-
wrote on 8 Sept 2022, 14:32 last edited by
Well sometimes my care free ne'er do well attitude doesn't pay off. I've been asking my company what sort of pay cut I could expect, should I move to TX, for months, but HR and my manager have been hemming and hawing. I decided to take the plunge anyway. How bad could it be? I was alerted yesterday that the by the book pay cut would be 20%. It's yet to be finalized. That would be painful and hardly made up for by the lack of an income tax.
I think their cost of living numbers, which this is based on, are from several years ago, before the COVID housing boom in this state. Hopefully they'll be able to do something about it. My manager said nice words about the forthcoming discussion with the holders of the purse strings, when the HR lady told us the news.
Anyway, better to make more early career than late. My savings will continue to work for me anyway, at a rate that should, with any luck, make the pay cut insignificant.
I could always find another job. I kid, I kid. I'm way too lazy for that.
-
@Mik said in Bad timing:
@Doctor-Phibes said in Bad timing:
After the open house this weekend, we just had two offers on our place - both for $20K over asking price (which will cover the neighbours septic cost). I don't want to jinx things, but things are actually looking up....
Karma. Even God reads TNCR.
I feel like this massive weight lifted off my shoulders. They start digging up the front yard next week, so we'll have a pool of water just like Horace!
wrote on 8 Sept 2022, 14:32 last edited by@Doctor-Phibes said in Bad timing:
@Mik said in Bad timing:
@Doctor-Phibes said in Bad timing:
After the open house this weekend, we just had two offers on our place - both for $20K over asking price (which will cover the neighbours septic cost). I don't want to jinx things, but things are actually looking up....
Karma. Even God reads TNCR.
I feel like this massive weight lifted off my shoulders. They start digging up the front yard next week, so we'll have a pool of water just like Horace!
It'll be a bit darker brown I suspect.
-
@Doctor-Phibes said in Bad timing:
@Mik said in Bad timing:
@Doctor-Phibes said in Bad timing:
After the open house this weekend, we just had two offers on our place - both for $20K over asking price (which will cover the neighbours septic cost). I don't want to jinx things, but things are actually looking up....
Karma. Even God reads TNCR.
I feel like this massive weight lifted off my shoulders. They start digging up the front yard next week, so we'll have a pool of water just like Horace!
It'll be a bit darker brown I suspect.
wrote on 8 Sept 2022, 15:06 last edited by@Mik said in Bad timing:
@Doctor-Phibes said in Bad timing:
@Mik said in Bad timing:
@Doctor-Phibes said in Bad timing:
After the open house this weekend, we just had two offers on our place - both for $20K over asking price (which will cover the neighbours septic cost). I don't want to jinx things, but things are actually looking up....
Karma. Even God reads TNCR.
I feel like this massive weight lifted off my shoulders. They start digging up the front yard next week, so we'll have a pool of water just like Horace!
It'll be a bit darker brown I suspect.
Yeah, but it'll smell better
-
wrote on 9 Sept 2022, 03:32 last edited by
@Horace Were/Are you working remotely? I am guessing you work for a company that has formulas for pay based on location, even if it's still the interweb to which you connect for work interaction.
And yes, as much as you can, I would check their homework on the cost of living... Texas (along with Florida, Arizona?) were major recipients of folks looking for housing over the last year.
-
@Horace Were/Are you working remotely? I am guessing you work for a company that has formulas for pay based on location, even if it's still the interweb to which you connect for work interaction.
And yes, as much as you can, I would check their homework on the cost of living... Texas (along with Florida, Arizona?) were major recipients of folks looking for housing over the last year.
wrote on 9 Sept 2022, 14:04 last edited by@89th said in Bad timing:
@Horace Were/Are you working remotely? I am guessing you work for a company that has formulas for pay based on location, even if it's still the interweb to which you connect for work interaction.
And yes, as much as you can, I would check their homework on the cost of living... Texas (along with Florida, Arizona?) were major recipients of folks looking for housing over the last year.
Yes I was already officially a permanent remote. They even took away my cubicle. The business rationale for this is entirely about cost of living. I can't very well whine about my personal financial sacrifices to move, since those were my choice and particular to my situation, but the overall cost of living and their outdated view of it might have some sway. Ultimately what I need is another employment option, but nah. I would probably still have difficulty matching my income even after this cut. I'll find out more later today about the final number.
-
@89th said in Bad timing:
@Horace Were/Are you working remotely? I am guessing you work for a company that has formulas for pay based on location, even if it's still the interweb to which you connect for work interaction.
And yes, as much as you can, I would check their homework on the cost of living... Texas (along with Florida, Arizona?) were major recipients of folks looking for housing over the last year.
Yes I was already officially a permanent remote. They even took away my cubicle. The business rationale for this is entirely about cost of living. I can't very well whine about my personal financial sacrifices to move, since those were my choice and particular to my situation, but the overall cost of living and their outdated view of it might have some sway. Ultimately what I need is another employment option, but nah. I would probably still have difficulty matching my income even after this cut. I'll find out more later today about the final number.
-
wrote on 9 Sept 2022, 16:41 last edited by
When I was at Credit Suisse we lowered salaries of some folks we moved from NY to Raleigh. Of course that was pre covid when employment markets were more local.
I will say the people that moved thought they got a good deal since commute and housing costs were so much lower.
-
wrote on 9 Sept 2022, 16:54 last edited by
I wasn’t complaining when they adjusted my salary after moving to CA from WI. That “cost of living” nonsense worked out exactly as I planned. With my net worth accumulating way faster than it would have in a low “cost of living” area. But now I pay the price for that shared delusion that “cost of living” balances everything out.
-
wrote on 9 Sept 2022, 17:03 last edited by
My plan is to work somewhere expensive, and retire somewhere cheap. The pension's based on my salary.
What's possibly more likely to happen is that I can't face going through another move.
-
wrote on 10 Sept 2022, 04:15 last edited by Horace 9 Oct 2022, 04:16
Well it ended up being a 10% cut. I got a pay cut but emotionally it's like a raise, because they presented it to me as management having gone to bat for me and softening the by-the-books 20% cut. Not too significant a cut considering the state income tax going from 10% to 0. Now, if I manage a sufficient taxable investment income, the move to TX will be a net positive.
-
My plan is to work somewhere expensive, and retire somewhere cheap. The pension's based on my salary.
What's possibly more likely to happen is that I can't face going through another move.
wrote on 10 Sept 2022, 09:55 last edited by@Doctor-Phibes said in Bad timing:
My plan is to work somewhere expensive, and retire somewhere cheap. The pension's based on my salary.
What's possibly more likely to happen is that I can't face going through another move.
Well, you get to this point, and the idea of moving somewhere glamorous loses a bit of luster. It becomes about who you are near rather than where you are.
-
wrote on 10 Sept 2022, 22:50 last edited by
Down to the wire now, with a choice between two homes. The one we have a contract for, and one from a different builder, in the same neighborhood, but without a water view. Just a privacy fence. But that one is more beautiful, and has a better floor plan. I like the one we have the current contract for, while my wife likes the other one. We're going to talk to the first salesperson tomorrow with a number in mind, a significant reduction from the contracted number we currently have. If we can't make a deal, we'll walk next door to the other builder's sales person, and buy the other one, which is already priced well and with nice incentives.
It will be interesting to see the first salesperson attempt to close us tomorrow. She refuses to give a final number to our agent, until she sees all of us in person. Who knows what tricks she has up her sleeve?
-
Down to the wire now, with a choice between two homes. The one we have a contract for, and one from a different builder, in the same neighborhood, but without a water view. Just a privacy fence. But that one is more beautiful, and has a better floor plan. I like the one we have the current contract for, while my wife likes the other one. We're going to talk to the first salesperson tomorrow with a number in mind, a significant reduction from the contracted number we currently have. If we can't make a deal, we'll walk next door to the other builder's sales person, and buy the other one, which is already priced well and with nice incentives.
It will be interesting to see the first salesperson attempt to close us tomorrow. She refuses to give a final number to our agent, until she sees all of us in person. Who knows what tricks she has up her sleeve?
wrote on 10 Sept 2022, 22:58 last edited by@Horace said in Bad timing:
She refuses to give a final number to our agent, until she sees all of us in person. Who knows what tricks she has up her sleeve?
Sounds as bad as used car salesmen.
-
Down to the wire now, with a choice between two homes. The one we have a contract for, and one from a different builder, in the same neighborhood, but without a water view. Just a privacy fence. But that one is more beautiful, and has a better floor plan. I like the one we have the current contract for, while my wife likes the other one. We're going to talk to the first salesperson tomorrow with a number in mind, a significant reduction from the contracted number we currently have. If we can't make a deal, we'll walk next door to the other builder's sales person, and buy the other one, which is already priced well and with nice incentives.
It will be interesting to see the first salesperson attempt to close us tomorrow. She refuses to give a final number to our agent, until she sees all of us in person. Who knows what tricks she has up her sleeve?
wrote on 10 Sept 2022, 23:27 last edited by@Horace said in Bad timing:
she sees all of us in person.
Stay on your toes.
Those agents are really tricky.
-
@Horace said in Bad timing:
she sees all of us in person.
Stay on your toes.
Those agents are really tricky.
wrote on 11 Sept 2022, 00:02 last edited by@Copper said in Bad timing:
@Horace said in Bad timing:
she sees all of us in person.
Stay on your toes.
Those agents are really tricky.
I think math will be involved. She has different incentives than most selling agents, since builders agents get commission from the financing, if you use their preferred lender. It won’t be a simple price negotiation. She will offer some complicated financing options which, in some hand wavy way, will be exactly like getting a lower price.