USAA is the shit; Navy Federal is the shit!
Why
Credit Unions!
Navy Federal gave us a 1.9 APR on our car (bought it 6 months ago)
My, myā¦ It seems like buying a house takes quite a bit of capitalā¦
For me they were asking for 20% down (BoA). I said fuck that.
Still, with mortgage payments, property taxes, maintenance, job securityā¦ Yeah, the down payment is quite big as well.
exactly, not to mention there are other bills too. unless youāre living in the slums, itās hard for a single guy to own a house if youāre not breaking at least 50-75k a year.
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Facebook has recently announced that they may/will offer an IPOā¦my dadās all for it and canāt wait to plunk some 50k into itā¦but Iām concerned that Facebook is making this move too late in itās life for the elements that determine a networking siteās value to keep accelerating at the rate needed to become substantially more well-off from investing in it (Dadās all āget rich quickā). And we still have no idea what the opening price will be.
They been talking about this for years almost as far back as 2008. Now if they have done this way before to what it is now then ill be on it too. But im unsure. However iāll keep my eye on it. The same thing happening with gamefly. It just seems they are coming in kinda late after their āpeakā.
Ya i know it is totally not fair at all. Half of these houses are not worth the amounts they have become. I can careless about ālocationā but I refuse to pay over 200K for house that has no place to park my car, barely a yard space and fucking ground rent IM LOOKING AT YOU BALTIMORE!!!
in my area of tx, we have 15-30 year old houses going for MORE than a slightly smaller (total sq ft) size BRAND NEW house. Iām talking a 25 year old 3bed 2bath house for 130k when I can by a new and efficient house for about 90-120. eff that.
if anyone wants to see how bad it got in 2008 I HIGHLY recommend seeing the following movies:
Margin Call-loosely based on the fall of one the investment banks(bear or lehmans), & the hbo movie Too Big To Fail- just to get a scope of how close we were to the brink and I really think the average joe still hasnāt got a clue. TBTF is on hbo go if you have it.
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Man, I live in CA, and you canāt get a studio here for less than $1000 a month. I actually opted not to find my own place, because for $1000 a month I may as well be paying a mortgage. A 3bd room 2 bath house for 120k???!! That would cost $450k minimum here. I donāt know why people elsewhere in the country ever complain about housing prices. We have the highest gas prices too.
different cost of living, but the pay scale is relative if at all. average job pay around here is 10-12 dollars an hour, so do the math. if I wanted to have a single bedroom and bath apartment in the ghetto that would cost me 300 plus utilities, or a decent one would run me 700+ utilities. of course of I was making min wage, I would get all sorts of handouts.
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Yeah, 700+ utilities for something nice. The $1000 studios here are in ghettos for sure. And 10-12? Thats like 2 years in at burger king
Anyway, I just think its funny because people come into my work from the midwest and say they are leaving because they can rent houses for $500 back home. My buddy was stationed in Texas and would call me up in disbelief because he had a 3brd 2bath 2car garage with front and back lawn for $900 a month.
For 100 in NC you can get a townhouse with a little lawn (front and back)ā¦just sayināā¦LOL
http://www.centex.com/communities/nc/raleigh/highland-creek/plans/grisham.aspx
Thing is, BK around here is at most min wage-9 bucks and your lucky to get full time. Now management at fast food? i hear the easily get 50k. Thats the trick where i live, if you arent management, your basically fucked. I know lots of people who finished with a bachelors but are making 12 an hour and in debt like a mofo. Girls (& guys) are settling for who ever just so they dont have to foot living expenses alone. Its stacked against single people.
Honestly I am considering moving out of Baltimore and possibly the state. On Mar 2012 Iāll be fully vested with the company I work for. I will take the entire week off (March 23) and reevaluate what I want to do (accounting possibly or go back in the real estate of more on the data analysis side) . Each day Ima leave my home and go to the library with a serious grind on looking for opportunities outside of maryland and maybe a couple of counties in MD (MoCo, HoCo maybe PG). I mean I love my city but unless youāre āadvancing your careerā in the same old tired ass fields (assistants of any kind in medical, pharmacy techs, paralegals or criminal justice) this place is shit. You can make it in accounting and go in the side of Taxes since so many of these people act like they cant read a fucking book like iunno publication 17 or even simply use turbo tax and read.
HAYABUSA EDIT:
Oh mang that place is even cheaper than my current rent now WHAT IN THE FUCK IM DOING HERE?
I believe USAA is actually a regular bank, though. I will co-sign with you on Navy Federal, though. I got a sick loan for my car seven years ago for my car and I love their rates. ā¦You still pushing that tC, Ace? Or did you get something new?
Re: Facebook IPO ā Iām kinda wanting to jump on the bandwagon on investing. I donāt know if I should go into it all just for this one offering, though. I never really knew how all of this investing stuff works. I better backtrack and read through this thread on ShareBuilder.
Oh the tC is my daily driver (it always was) but had to get a family car for the little one (Chevy Traverse). tC is pushing 130k with no signs of slowing down!
FB IPO - I havenāt read too much into it, but I know the game company for FB (Zygna or something like that) has been utter shit on the marketā¦IMO thats a tell that FB isnāt going to be a āget rich quickā
You knowā¦we (wife and I) asked the same question when we were in Fairfaxā¦
Looking at the fine print of the ācostā that they display, thats with a down payment of 3.5%
$3,168 down paymentā¦donāt know why you are still there eitherā¦
This is hilarious, since I literally just started the process of opening an account minutes before I happened to click on this thread for the first time in a while. I really like how i can deposit checks at UPS stores nationwide with USAA.
It always amuses me to see folks in Cali or New York discover cost of living elsewhere. Iāll happily live where I am and visit those places whenever I feel like. Much more cost efficient.
Two new things hit me in the past year that I need to save forā¦
Going to go ape shit with Life Insurance and also kid(s) college fund.
Life Insurance -
Well, you know what this is for, you died, your spouse/child get a payment for your life. Talking with USAA, you want to have enough so that at MINIMUM your children can go to college and your wife can pay off any debts (house included) if you pass. If you get a full-time permanent position, your company might have a similar policy, but I think its capped at 1.5 times your pay. Which, unless your a CEO or something, isnāt going to be much. Personally, that wouldnāt even pay off my house if something happened. Iāve had an extra policy for that reason, but now with the little one, you got to plan for that. One thing I LOVE is that you have to get a physical which determines your monthly cost. Being fit gets you the lower cost (as your not going to have a heart attack or anything months after you sign the paper) Hence, get in shape, pay less
As for the college fund, I think the best route to go is a 529 college fund. I need to read up on it, but I believe you can have one for each child and have family members contribute to it. If your kid gets a full ride, you can actually take the money out and spend it on a Ferrariā¦I meanā¦something. I believe your free from Taxes on the money as well until you withdraw it.