The American Dream: Buying a home and bitching about it ITT

Re: The American Dream: Buying a home and bitching about it

Postby PhillieMooDo » Fri Sep 14, 2018 8:28 pm

Woody wrote:
PhillieMooDo wrote:Not sure where else to put this, and the endgame is to buy a house and move back home, so:

One thing Microsoft is pretty generous with is the stock buying program, and they also give lots of stock at bonus time. In just a few years, my wife has accrued a lot (well, a lot for us). Our fear is starting to become, what if we wait too long and dingus in the WH tanks the economy. Stock options alone, we've got a pretty sizable down payment.

My question, for you fine folks: Do we sell our stock options and put it in a nice, safe savings account, and wait for the eventual housing tumble to pounce on our next home?


This has nothing to do with stock markets or housing tumbling, but it were me, just given the fact MSFT is at all-time highs, I'd sell at least a portion of it and sock it away. I'm in a similar situation at my job, but it's with quarterly restricted stock bonuses (taxed and treated like regular income), not vested options. I'll probably sell as soon as it vests each quarter and sock it away for new housing expenses.

Thanks. That's where my thinking is, lately. Plus, more vests each quarter, so it'll just start building back up, until she's ready to leave the company.
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Re: The American Dream: Buying a home and bitching about it

Postby mickbayne » Fri Sep 14, 2018 8:37 pm

Yeah it's really hard to time this stuff. I get restricted stock, stock options, and discounts through the employee stock purchase plan, too. My general rule is to sell everything as soon as I can, then use that money it to max out retirement contributions, then contribute to a regular brokerage account with a mix of VTSAX, VTIAX, and VBTLX (three-fund portfolio). Probably makes sense to keep down payment money for an upcoming home purchase in a savings account though.
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Re: The American Dream: Buying a home and bitching about it

Postby Woody » Sat Sep 15, 2018 7:46 am

Have you heard about the SPY
you sure do seem to have a lot of time on your hands to be on this forum? Do you have a job? Are you a shut-in?
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Re: The American Dream: Buying a home and bitching about it

Postby Uncle Milty » Sat Sep 15, 2018 8:19 am

Woody wrote:We decided to buy new construction. Delivery Aug/Sept of next year. Hopefully the whole world economy does not fall to #$!&@ before then. This is not at all stressful! House is gonna be really nice, the mortgage payment less so.

Custom build or the inventory builders are a year out?
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Re: The American Dream: Buying a home and bitching about it

Postby Woody » Sat Sep 15, 2018 9:06 am

Inventory and land development
you sure do seem to have a lot of time on your hands to be on this forum? Do you have a job? Are you a shut-in?
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Re: The American Dream: Buying a home and bitching about it

Postby PTOITWCFTPP » Thu Oct 04, 2018 11:09 am

I own a home. Moving is a gigantic pain in the ass.

I love this place though
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Re: The American Dream: Buying a home and bitching about it

Postby Bill McNeal » Thu Oct 04, 2018 11:18 am

Congrats on the debt!
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Re: The American Dream: Buying a home and bitching about it

Postby Uncle Milty » Thu Oct 04, 2018 11:44 am

Congrats!
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Re: The American Dream: Buying a home and bitching about it

Postby momadance » Thu Oct 04, 2018 11:56 am

Welcome to misery!
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Re: The American Dream: Buying a home and bitching about it

Postby Bucky » Thu Oct 04, 2018 12:24 pm

Congrats!!
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Re: The American Dream: Buying a home and bitching about it

Postby Grotewold » Thu Oct 04, 2018 1:02 pm

PTOITWCFTPP wrote:I own a home. Moving is a gigantic pain in the ass.

I love this place though


Good going man

Three months in and we are house poor, can't do a bunch of simple fixes. But ecstatic with the neighborhood and schools, TTP
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Re: The American Dream: Buying a home and bitching about it

Postby phatj » Thu Oct 04, 2018 9:32 pm

PTOITWCFTPP wrote:I own a home. Moving is a gigantic pain in the ass.

I love this place though

Congrats!
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Re: The American Dream: Buying a home and bitching about it

Postby PhillieMooDo » Thu Oct 11, 2018 1:16 pm

PhillieMooDo wrote:
Woody wrote:
PhillieMooDo wrote:Not sure where else to put this, and the endgame is to buy a house and move back home, so:

One thing Microsoft is pretty generous with is the stock buying program, and they also give lots of stock at bonus time. In just a few years, my wife has accrued a lot (well, a lot for us). Our fear is starting to become, what if we wait too long and dingus in the WH tanks the economy. Stock options alone, we've got a pretty sizable down payment.

My question, for you fine folks: Do we sell our stock options and put it in a nice, safe savings account, and wait for the eventual housing tumble to pounce on our next home?


This has nothing to do with stock markets or housing tumbling, but it were me, just given the fact MSFT is at all-time highs, I'd sell at least a portion of it and sock it away. I'm in a similar situation at my job, but it's with quarterly restricted stock bonuses (taxed and treated like regular income), not vested options. I'll probably sell as soon as it vests each quarter and sock it away for new housing expenses.

Thanks. That's where my thinking is, lately. Plus, more vests each quarter, so it'll just start building back up, until she's ready to leave the company.

Hoping I didn't miss my optimum window :(
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Re: The American Dream: Buying a home and bitching about it

Postby Grotewold » Wed Oct 17, 2018 9:42 am

My wife went on a house tour in our neighborhood and is brimming with renovation ideas

Not great!
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Re: The American Dream: Buying a home and bitching about it

Postby Werthless » Wed Oct 17, 2018 3:50 pm

Grotewold wrote:My wife went on a house tour in our neighborhood and is brimming with renovation ideas

Not great!

Is that a thing? Or did she just go to some open houses on Sunday afternoon?
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Re: The American Dream: Buying a home and bitching about it

Postby Grotewold » Wed Oct 17, 2018 3:57 pm

Tour of houses in our ‘hood that recently renovated, yeah
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Re: The American Dream: Buying a home and bitching about it

Postby mickbayne » Wed Oct 17, 2018 4:13 pm

Werthless wrote:
Grotewold wrote:My wife went on a house tour in our neighborhood and is brimming with renovation ideas

Not great!

Is that a thing? Or did she just go to some open houses on Sunday afternoon?

It's a thing in my neighborhood, too: http://www.passyunksquare.org/2017/09/14/2017-psca-home-tour/
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Re: The American Dream: Buying a home and bitching about it

Postby 1 » Wed Oct 24, 2018 7:50 pm

Woody mr fancy cul de Peck man
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Re: The American Dream: Buying a home and bitching about it

Postby TomatoPie » Mon Feb 11, 2019 9:25 am

Apologies on whether this has already been covered, but ...

We're contemplating a move. The traditional realtor commission to sell a home has been 6%.

There are a lot of discount options now.

FSBO - not likely to go that route.
Flat listing fee (around $1500) plus 3% to agent for the buyer.
Redfin

I understand that traditional agents are open to discounting their commission.

I'm wondering how big is the trade-off; do the agents work harder on the 6% commission house than the 4% house?

What's your experience?
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Re: The American Dream: Buying a home and bitching about it

Postby Uncle Milty » Mon Feb 11, 2019 9:35 am

My 6% (with a bonus from the builder) buyer's agent was worthless.

I think it comes down to individuals and the market. Most people are working with a buyer's agent who will receive their full commission (I think), so I doubt it matters much.

I expect to sell this summer as well so I'm curious how this progresses.
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