AirBNB and Real Estate Prices

San Francisco residents recently voted on Proposition F - a measure introduced on the ballot (supported by community organizers, some landlords and unions representing hotels most prominently) which intended to limit short-term rentals to 75 days annually and allowed a few other provisions for lawsuits against private owners in violation of city … [Read more...]

Riding the Market Weather

June 29th, 2006. It was an innocuous day as the stock market was booming in the post-9/11 recovery. The economy was torrid and the unemployment rate was 4.6% in the USA. That fall, I opened up my checking account with Charles Schwab with their floating-rate free checking account (with no minimums or ATM fees) was paying 4.50% interest. That … [Read more...]

Selling Out (Part 2 of 4 on my move to San Francisco)

In Part One of this series, I talked about my overall transition to San Francisco. In this entry, I'll talk about some of the stresses involved in moving and cleaning up the personal finance life along with the move. As I wrote about in a series of posts in 2013, I purchased a house in Texas... Lovely carpeted bathroom. Oldest and smallest in … [Read more...]

End of an Era (Part 1 of 4 on my move to San Francisco)

    Part 2 I recently moved from the Dallas area to the Bay Area. The first thing I miss is the cost of living. The second thing I miss is the food. Dallas Fort-Worth has Mexican, cajun and good barbecue. But, thankfully, the summers here are much more bearable. It's been 61 and sunny all day everyday for the past … [Read more...]

Geographic Arbitrage

As I mentioned in previous articles, I have moved from Texas to California. With this move came a significant increase in both salary and cost of living. This has led to my savings rate decreasing but my overall dollar savings level staying relatively the same. I wanted to explore the pros and cons of working in a high vs. a low cost of living area … [Read more...]

How Much Did You Save in 2014? (Part 2)

With my colleague PK writing about his 2014 savings rate, I thought that I would chime in as well. Using a loose definition of savings, where principal pay down of debt is included in the numerator, I have an after-tax savings rate of 53.42%. Without including principal paydown of debt, my strict savings rate would be 31.76%. A Note on … [Read more...]

Prize-Linked Savings

One of the major plights for low-income citizens of the U.S. is the state lottery. The poor are more likely to play the lottery and this portion of society is known for their very low savings rates, due to most of their income being taken up by mandatory spending. Recently (well, in 2009) there has been an innovation in encouraging those with the … [Read more...]

Pay Down Debt or Invest the Cash?

Over much of the internet, it is encouraged to pay down your high interest debt before investing in a Roth IRA or putting money into a 401(k) above the employer match. The difficulty has always been in defining what, exactly, high interest means. The true break-even solution is when the returns you make on your investment is equal to the … [Read more...]

First Month Living Without a Car

Recently, I moved to San Francisco and as part of the move I decided to sell my vehicle and live car-less. I felt (and feel) that I could get most of my transportation around the city done with bicycle or public transportation. So long as I can get to/from work and to/from a grocery store, then I should be fine. I’d like to report in on my progress … [Read more...]

Payday Lending and its Economics

Spurred by a recent article, I wanted to touch on a particular industry that we have discussed previously here at DQYDJ: payday lending. Traditionally, this industry (estimated $46 BB sizing from the article) has skirted some of the other unsecured lending regulations (like credit cards) by restructuring the terms of the agreement to not … [Read more...]