down4cle

I do not worry about moving a $8,000 out of an emergency fund because the likely of an emergency of that magnitude before i redirect $8,000 back into the fund is slim. And I have credit available to me if need be. I just do not support the financing of a depreciating asset under any circumstance. This is a view shared by most of the popular early retirement or frugal experts. Markets are volatile and gains are not steady. You can easily endure periods of 3-5 years of losses on investments. I wouldn't want to compound my losses by having debt service to retire. One other item I forgot to mention is that since I drive very little and have a garage, I only carry liability insurance with high deductible. A lender would not permit me to do this. I do not insure anything I buy except my house for obvious reasons. Since I can easily afford to replace my car, I see no reason to insure. Self-insuring is a big cost savings as well.

I do not use investment money to purchase vehicle anyway. I use money from my rainy day fund that I keep in cash investments. You also are ignoring the fact that no financing a vehicle gives me more personal cash flow each month that can be invested periodically. I put it this way. I would never borrow money to invest in the market. That's exactly what I'd be doing be financing a vehicle to try to get positive arbitrage.

It sounds like I should look for a crossover next. I should be able to get one cheap. I am unconcerned with resale value because I drive a car until there is no value left in it.

Everybody needs to calm down everything is fine.

^ My point is that if I am looking to spend $8,000 on a car. I will then stretch to like $10,000 because I'm financing anyway. therefore I came out of pocket $2,000 more than I would have anyway. Besides, If I have to make debt service payments, then that is less money i have to invest each month. So it is likely a wash.

^ It might be a good time to buy some decent used cars.

^ I was just reading about that somewhere actually. They've been bundling the subprime auto debt and selling it off to investors. Therefore, the originators have been getting very relaxed about verifying those loans.

^^ It's a shame that many were demolished. Nice photos

^ My experience is that if I finance something, I will generally spend more than I would if I paid cash. YMMV

I've been paying attention to the slow down in vehicle sales and assuming that a recession is just around the corner. The US economy is overdue for a recession.

You definitely want to diversify your holdings with index funds/ mutual funds/ ETF's. You expose yourself to too much volatility with individual stocks.

^^ Some of the biggest lessons in personal finance that I find important: Avoiding lifestyle inflation, do not buy new vehicles (try to buy one that you can pay cash for), live closer to work if possible (this reduces your need for a new car and may allow your family to get by with 1 car), and use public transit, bicycle or other methods of commuting to work.

^ Best strategy is to stay the course.

^ What? You don't like the moat around the Urban Affairs building?

Great photos. You really captured a good mix of street life, skyline and landscape. It helped give me a real feel for the area.

If a SW ohio newspaper ran a series about how they are different from the rest of the state, it would be interesting. The separate state thing is more idle chatter than anything. Just some amusement.

Minor detail

They do seem to be obsessed with the fact that part of NEO was created out of Connecticut. I guarantee if it was the New Jersey Western Reserve, they wouldn't be hyping it nearly as much. I really think there is a delusion among some boosters here that the Connecticut Western Reserve roots somehow make Cleveland some outpost of New England in Ohio. Lol- what a ridiculous notion. Every time this topic comes up, I just laugh. If you all split from Ohio, have fun paying out of state tuition at OSU. how dare you besmirch our homeland and our founding fathers, like General Edward Paine, a Revolutionary War hero if there was one. As a matter of fact, Painesville is just like Connecticut--without all the rich people and heavily populated by Mexicans! lol Sounds like Stamford CT

Also the towns with Public Squares and white steeple churches are remnants of New England planning. Survey Townships in the WR are 25 sq. mi. rather than the traditional 36 sq. mi. I don't really know of anyone that feels that we are connected to Connecticut or New England but it's just a unique part of history.

^ I"ll check that out later. I am a fan of Financial Samurai. Also, a huge fan of Mr. Money Mustache.

Don't know anything about taxes, but you can buy stock in REITs just like any other stock. Some of them pay out really good dividends. I really don't know why they're not more popular given the returns, maybe they are riskier than I realize, but the stuff I have seems pretty stable over the past few years. Vanguard has some REIT ETFs which pay some nice dividends. They are traded just like stocks. I think putting a small portion of portfolio is a good idea depending on what your goals are.

DCAs number does not include the Justice Center or anything beyond innebelt

^ Dr. Bier from CSU did a study on this and I believe his conclusion is that 1% of the MSA could easily be absorbed in the CBD.

^ There are not very many new jobs being created downtown but I wonder if there are enough in midtown and University Circle (including CC and UH). I haven't seen this data in while.

^ I forgot about Benesch. Perhaps if the could snag MM too that would be enough. Frankly, I'm fine if only one part of the development gets built but perhaps they can do a mixed use office/housing with like a 80/20 mix. That way they are not putting many new housing units out there.