I am worry about 1.8% property tax bill on new home I bought earlier this year. RSU are allocated to family trip overseas and Christmas gifts for all. Serious responses please.
77 replies (most recent on top)
This is what is wrong with the white trash. Think of installments. For your car. For your school loan. For your property tax. If you owe 15000, you owe 15000. December or February. That's where you morons are acrewed by the banks. Short term. Idiom.
No raise and bonus this review cycle, I am Senior Staff/Manager. No compensation for the hard work.
Anonymous190029.... Hey moron, .. Freak, technically clueless, dumba$$, ...what crap are you talking about... All the crap you quoted is NOT posted by the same guy.. Get you head out of your a$$. Point was not all old timer Q employees that are financially successfully, and are possibly not in need of a job, are skilled. Since most (not all) are rest and vesters that have stopped on improving their skills. So just because one is financially successfull, does not necessarily mean they are the ideal candidates to hire. It is all having skillsl that count!
Anonymous190043. me no speaka propera engrisha. me only no how to manage me money and me rentals. But me still better off financial than most stoopid americans who dont have basic common cents, live on credit fumes, and believe in american socializm that everyone should have the same jobz and pay the same , even if u skillzet suckie suckie big time.
190033 good keep engirish plofesor hapee
our kids (Stupid tablet completion)
The number of americans that are fvcking idiots is astounding. No wonder many of them can't further themselves. "Oh, my skills suck. The government needs to help me out and make me whole. Oh, it's unfair someone better off financially still can find a job quicker than me because they have better skills than me. Government, please do something about this"... No wonder are kids are being raised like pussies in america. Rather than teaching people that, yes you need to work hard in winning a race, and that even coming in second sucks, now we just hand out feel-good "participation trophies" for every kid so that they can feel good for showing up and trying. News flash, the real world doesn't work like this bullshit. And the rest of the world knows that.
Anonymous189919, Now your arguing in a circular way. You were the one that first brought up "that's why companies shouldn't hire Qualcomm employees. Because they are doing well financially, jobs should be given to people other than qualcomm engineers"... YOU were the one to initially suggest that hiring shouldn't be based on skillset, but rather, jobs should given to people who are non-qualcomm people who haven't done so well financially. YOU were the one that implied that even if a Qualcomm employee had the right skillset, employers should still give the job to others that are more financially desperate. I said this was the stupidest thing that any company can do, and only someone that is a fvcking moron Obama voter would believein american socialism and giving jobs out based on a person's desperation versus their ability. To which you automatically responded by now arguing Qualcomm employees do not have the skillset versus other employees. Stupid argument. For someone that is looking for a job, whether it's qualcomm or non qualcomm employee, companies look for people who have a good skillset. You were the fvcking moron to suggest not hiring Qualcomm employees, irrespective of skillset. I sense a certain level of jealousy from a non-qualcomm employee, most likely from someone that didn't do so well financially versus other qualcomm engineers. I suspect you aren't even a engineer, with your moronic way of thinking, because only idiots would want to discriminate against people based on where they previously worked, and hire other idiots that might not have the correct skillset simply because they work somewhere else. Fortunately, chances are ,you aren't in role to hire anyone.And that's a good thing. For your company.
9849: "Or someone that doesn't really need to work but wants to anyway and has the skills you need"... Key point is " and has the skills"... Unfortunately, the folks from Q who supposedly do not NEED to work due to their financial status, are the long timers that are operating in rest and vest mode and mostly working for standard benefits, like med insurance/401k etc or mostly something to do....... Very few and very very few of these are working because they love what they do and are truly skilled... So really can't generalize either ways...
BTW: $10 says Anonymous189817 was an obama voter, with a perchant hit of american socialism, where everyone who needs a job should just be given one, regardless of competency. We've seen how well that worked. Just look at how some parts of the public sectors are run.
Anonymous189817, and that is exactly what companies that want to succeed should NOT do. At every company, they want to hire the most competent employee, regardless of how desperate that person is or isn't for a job. While it might be in an individual's best interest to hire people who need the job most, it's in the company's best interest to hire people that are the most capable who want to work because they want to work. For example, if you run a company, who would you rather hire? Someone that wants to work only because they need a job to pay bills? Or someone that doesn't really need to work but wants to anyway and has the skills you need?
This is exactly why other companies / people-in-charge-of-hiring should not hire Qcom engineers. They have enough money to retire. Hire some other people who are as qualified that actually need jobs.
No one answered the question. Typical, don't know the answer, insult and misdirect.
The bonus and RSU suck. Bonus is 25 to 30 percent of April, but remember only one bonus a year, so if you received 2000 before you may now get 500 but nothing more until next November.
RSU are about the same, maybe slightly higher, again, once a year, so if you received 100 last review, you may receive 100 this reciew, but will have to wait a year for more.
Anonymous189579, Ok. I won't comment on your decision to buy or not buy in 2015, since it's already a done deal. But if you are really concerned about your budget, you and your wife really need to sit down and talk about a budget moving forward. IF you are carrying a mortgage, depending on whether it's a 30 year or 15 year, it's not necessarily a bad thing, because in many cases your payments ends up being less than what your monthly cost would be if you rent, and that's before any benefit from claiming mortgage interest deduction on Schedule A (which never gets phased out even if you are subject to AMT). If you and your wife are financially responsible, then having an outstanding mortgage/property tax is no different than really making monthly rent checks to the landlord, with the exception that instead of initially sending your money to the landlord, you send it to the banks, get a tax benefit from the IRS for it, and eventually build equity. If you are on a 30 year and want to pay off early, make the same payment as you would if you were on a 15 year mortgage. Then if, for whatever reason, you run into a cash crunch, you have the flexibility of going back to your 30year mortgage payments. However, with how ridiculously low 30 year rates are, I wouldn't be in a particular hurry to pay it off, provided you can exercise financial discipline. The nice thing about having a 3-3.5% fixed rate 30 year or a 2.75ish 15 year, is that that rate is ridiculously low and fixed for the remainder of the term, which is far below the rate of return of average moderate investments. So...again, if you have the financial discipline, you will come out far ahead if you keep your money invested elsewhere at 4-5%, while making payments on the 2.75-3.5% mortgage, instead of paying off the mortgage completely...Your primary home, even once paid off, is a "sunk asset", in that it doesn't generate money. It just sits there, so there's no point in dumping more money into it, when you could use your money elsewhere to actually earn. This is opposite than what your parents or ancestors did, because for them, their mortgage interest rates were 10-15+% when the average rate of return was well below that (4-5% for a moronic investor on average)...So it made sense to pay off the mortgage earlier before investing in much lower returns elsewhere. If you want to see the math for this, it's just simple amortization of a loan on the liability side and compound interest on the other, which I'm sure any engineer can figure out since we should all be good at math, more or less.
Take your money, and invest it/save it elsewhere, and build your emergency/bad weather front. You should have at least 2 years worth of NET savings to be able to pay for your outstanding obligations (some say 6months, I say 2 years). If you don't have that, you better start cracking to build that. Also, now would be a good time to understand how different your tax situation will be with a mortgage and property tax. You most likely should NOT take the standard deduction, especially on a $800k house if you have a mortgage. And like I said, if you ever refinance, you want to impound both your insurance and your property tax bill, because (1) the impound account ends up forcing you to save for upfront and (2) while your money is just sitting in that impound account, it's at least earning 2% by state law, which is better than that 0% savings/checking account where your money is currently sitting or that 1%CD where some of your money might be sitting.
Also, if you have any equity in your primary, now would be a good time to get a no cost HELOC and keep it off to the side as an extreme backup. Why? Because, in an extreme situation, you might need a short term financial bridge, but you won't be able to get one if you don't have a job. It costs nothing to get this added credit line, and provided you have the discipline to go tap it to buy a Ferrari (unlike the majority of idiot americans that did and subsequently lost their home), you might find it handy in an extreme case.
Lastly, if you really want RE advice, go to the many financial blogs that are available. Chances are, your situation is no different than many many other people's situation that have happened in the past. And frankly, there's been people in a lot worse situation than you, and many of them emerged just fine.
"if you have money, you should NEVER skimp out on insurance" - great advice @landlord!
Anonymous189570. Also wishful thinking. First, I keep my rentals in top shape. Why? Because when it comes time to sell them, I want to sell them at the maximum price possible to the idiot moronic overleveraged buyers, so I can maximize my profits and maximize screwing over people who buy on emotions. For that, I believe in an ounce of prevention goes a long way to maximizing my profits. I typically have my selling team "stage" the home with furniture that isn't mine, and we often do light cosmetic changes to dolly up the place. But none of that would work if the place just smells gross. Second, as far as liability is concerned, I require all my tenants to carry their own renter's insurance. No renter insurance, no rent. That way if they do something stupid, and one of their guests gets injured, they deal with the liability, not me. Third, I'm well insurance by both liability and excess umbrella. Ehen your insurance company has a $10million+ umbrella policy, if someone were to bring a frivolous lawsuit, you know the insurance company is going to fight to keep every penny. This is exactly why if you have money, you should NEVER skimp out on insurance. It is quite possible that if you get the lowest liability insurance coverage, and if you really do get into a lawsuit, the insurance company might come back and say "ok we'll pay the $50-100k that our policy is responsiblef or, you are responsible for the rest of this lawsuit"...The same rule would also apply to auto-insurance, which is much more likely to impact you. You should never go for the cheapest auto insurance liability coverage, because if your liability amount is too low, and someone does go after you in a frivolous way, the insurance company might just choose to pay out their liability coverage and leave you dealing with the rest of the it. 4th, none of my properties are held in my name. Each one belongs to a separate corporate entity. That removes me from personal liability unless there is something I did grossly negligent (which isn't the case) and there are also tax reasons for that too, benefits that you don't on a W2. 5th, I have a lawyer that deals with property issues in case it comes to that.
Ok, I can say I learned at least a couple of things here. Thank you. The trip can't be cancelled since tickets are already paid for besides it is very important for wife to see her family in Christmas (we don't have other family in US ) ... Yes I'll pay only first installment and not pay off my credit card in FULL as I religiously do every month. Mortgage is the ONLY debt I have and my cash flow issue is due in great part to the cost of buying furniture and the patio landscaping project (new construction) I wish I have to research in deep all the finance aspects related to home ownership but I already work 12 hour every day and the little time left is for the family. Hope you understand.
Don't let Blacks comment here, all they care is welfare and free benefits from government.
@bitter-landlord, I wish you get sue because the black mold growing in your rentals
Anonymous189372. No we aren't
We weren't during the last previous crashes. In fact, we got financially stronger at all you finanical moron's expenses when you had to sell short or were foreclosed on. We bought at 35%-40%off. And since there are so many of you that can't qualify to own, you financial morons have increased the demand for rentals while supply remain s constrained. That has push up rent prices to ridiculous levels for every renter. Its a great time have rent property because things cash flow so easily, and on many places rent prices easily exceeds carrying cost of the rental property.I love tight credit lending standards. It means the majority of credit worthless Americans are out of the ownership market and have no choice but to rent. I can't wait until enough people complain about this such that the banks relax lending standards again. When that happens again, I will be happy to sell most of my rentals to these financial morons at peak prices again, wait few years, watch them squander their easy credit, fall behind on their payments, and have to sell short or get foreclosed again. Then I'll buy those homes back at 30-40% off again. And rinse and repeat this cycle over and over again, just like our investment group has been doing for the past 20years. Some even longer. And since I am teaching my kids right now the same money management skills, they will continue screwing your kids over who cant manage their money. Now that's karma
OP: Get your freakin' priorities straight! Property tax comes first--unless you want the Count sending you a notice that your property will be sold at auction if the property tax isn't paid within 30 days. You can visit the family when you have the money. And X-mas is probably just "Bonus Food Holiday" for you, anyhow. Buy a turkey on special at Vons. Serve with potatoes, green beans, etc. Make cookies from scratch. It's cheaper than store-bought.
EWW AS IF!!!
Funny that such an educated person could be so foolish. Unbelievable
All of this profanity and these insults and the arrogance. You chumps are going to get wiped out in the next crash. Karma for the trash that needs to be taken out.
And financial moron Anonymous189332. If you have an outstanding mortgage, you should have done an impound account, you moron. That impound account would have done the exact same thing, make one payment in december and one in april. And on top of that, while your impound amount is held in escrow, it would be earning 2%, which is better than any short term CD rate. (Because if you did your fvcking research, you would have found out that by CA state law, escrow accounts must pay at least 2% interest for money parked there...Don't believe me, use fvcking google and figure that one out)....
No, you're the fvcking moron because like I said if $14900 is your total tax liability for 2015-16, you owe 7450 in December and 7450 in April. Since you're the one bitching about having a cash flow issue (which is pathetic considering it's only an additional $7450), then you have no fvcking choice, moron. And if you have no fvcking cash flow issue, then why are you posting about this again? Stupid. You answered your own stupid question. If you don't want to have debt hanging over your head, you skip the fvcking vacation and pay it off early. If you want your fvcking vacation, you move $7450 of it until next year's payment. You have no fvcking tax advantage to pay it off early, since you most likely already have to pay AMT, and if you can't come up with $7450 by next april, you're definitely a fvcking moron. And yes, you do suck at finances. If you can't juggle this around, you are a fvcking financial genius. Moron.
Fcking retards 8300000.018 = 14940 , get it?. I like to pay my bills at once not drag them longer. There is some good advice here though, I'll double check bitter-landlord comments about not paying the two installments at once because of the ATM but I have my doubts (who can trust a bitter landlord?) And BTW, my wife can't work because she's on H4 visa you know it all crowd
Anonymous189294. I even wonder if you are an engineer. Your math sucks so bad, what you say makes no sense about how much taxes you owe in December and where the house is located. Being that it would be a $4m home.
Anonymous189294. Well its not 1.8% there. And again idiot, that $15000 isn't.completely due in December. You missed the thing about property taxes are paid in two installments each year, something you would know idiot if you actually owned property. That is, unless each installment of your property tax is $15000. In that case, we are talking about a $4million home, which is unlikely. And if you did buy a $4million home, you are a real idiot if you can't come up with $15000 by December.
YOU STFU!!! here you go three neighborhoods that pay 1.8% property tax bill on detached homes: 4S RANCH, DEL SUR, CHULAVISTA (newer construction on East side) split it any way you like it in property tax, mello-roos or whatever but IT IS 1.8% !
I'll do you plebs a favor since I have a few minutes free time on my hands. Three word hint: Sovereign debt crisis. Final hint: Figure out the implications plebs and plan accordingly.
Bitter renter. Unless you work at mcdonalds and are a renter, how would that be personal? Oh wait..maybe they are personal attacks. Lol
@Anonymous189242, what personal attacks? Bitterlandlord is the only one who repetitively and redundantly trolls random people, and makes all kinds of ludicrous claims, all with a side order of failed snark. Perhaps OP was asking a serious question, but it sounds like he was just trolling you! Or at least it all fits your conspiracy narrative of the non Q lurker from North Korea McDonalds.
Anonymous189248. Its much more easy to figure that the OP isn't even an owner. No one pays 1.8% prop taxes. And if he really owned a property , he would also know property taxes are due in two installments payments. Its not all due in December. Like I said...doomsayer bitter renter lurkers a plenty. Lol.
If you're a Sr. Staff you don't get a raise or a bonus. Of course you already knew that so I highly doubt you even work at the Q.
It amazes me how so many people like bitter renter is so close minded that it ends up being detrimental to your financial health. But hey, keep burying your head in the sand. Just don't complain about affordability and other financial related things. All the tools are there out there and there's a lot dumber people who do a lot better financially than most geeks...simply because most dumb people aren't married to their stupid ideology of the only thing that matters is engineering greek and geek things.ll
Bitter renter. Go ask your CPA about everything I said. He'll tell you the same thing. But hey, you probably don't need.one if all you have is a w2. You can also verify what I said about the tax rates to. Just go to the SD county assessor office website and type in anyones address to get their tax bill. Actually the assessor's office does it by owners mailing address not the property address. But there are plenty of people that use the same physical address as the mailing one. I share this info to send ve a nice shut the fvck up you have no idea what you are talking about....to people like you...who's only comeback is personal attacks...because you have nothing else to say. In other words. You lost the argument when you have to resort to personal attacks. Because it means you have nothing else to say. Kind of like trump.
@Anonymous189225, it's true, I work in North Korea McDonalds. We have VPN server in Carmel Valley.
Anyone with an Internet browser and time to waste can be @bitter-landlord ... a delusional renter with landlord dreams. He is not even qualcomm employee but lame troll
Have you been following the basic recommended financial planning strategy? For example, setting aside 6 months salary as an emergency fun, contributing, to your 401k for retirement and paying off debt. If not, I would suggest that you scale back your family trip so that you can have a vacation (maybe not overseas) and pay your taxes. If you do have the emergency fund, then you can think long and hard as to whether you want to dip into the fund to pay the taxes or scale back the trip to pay the taxes. With Qualcomm's uncertainty, the fund may be needed. However, if you have RSUs vesting in the spring and the trip is very important to your family, then maybe it is worth the risk. In the future, I suggest that you do not spend bonuses or options/RSUs on everyday expenses. Use them to pay down student loans. Use them to save for retirement. Use them to enable your children to have more choice in the schools they attend. Use them is you find yourself without a paying job for a long period of time either because you cannot find a job or because you decided to start a company of your own.