Thursday, June 09, 2005

House

As many of you know, in early April, I decided to buy a house (link). During the weeks that followed, Olivia's mom took me to see a pretty wide variety of places - townhouses, single family homes, brand new, 20 years old, from Elk Grove Village to Des Plaines to Arlington Heights to Palatine to Schaumburg.

As I mentioned in previous entries, there were some places that I liked, but each one had its drawback. Some were too far, some too close to the highway, some had terrible layout, etc. One was absolutely perfect, except it only had a one car garage. And then a lot of them were just too freaking expensive for me.

Finally, I narrowed down my choices to 2 places. One was a brand new townhouse right off the Rand exit on 53, a pretty good location. The only things I didn't like were that the master bedroom was weak, and the taxes were probably going to be really high. The other was a townhouse in Schaumburg. Good location (5 mins from Woodfield and highways), slightly lower price and lower taxes. Only thing is that it was older (17 years), although the owners did replace a lot of things and it was still in pretty good condition.

I brought my family to go look at the two places with me one last time, and for the most part they liked both. I guess secretly I was hoping they would make the decision for me, but no such luck.

It's kind of interesting when I think about the major decisions in my life so far, I haven't really had to make them. When I was applying to colleges, U of I accepted me before I even finished applying to anywhere else. Since I couldn't really see myself going to another place for way more money to study engineering, I pretty much stopped applying anywhere else. Then when it came time to find a job, the market was so bad. My first offer came from NG and at that point there really was not much to think about. I guess in both cases things worked out okay.

Anyways, what was trying to say is that in this case, there was no easy decision as far as choosing which house to offer. At one point I contemplated flipping a coin so if it turned out to be a bad decision, I could blame the coin and not myself. But eventually, after giving it a lot more thought, prayer, discussion with those around me, and spreadsheet analysis (yes I am serious), I think the right choice finally came to me. I settled on the Schaumburg one.

The offer went in Sunday night, followed by a couple days of back and forth negotiation on the final price and other contract details. Negotiation is not my thing to say the least, and I think it was especially frustrating in this case. I mean, when you're talking about something that's in the hundreds of thousands, a few thousand dollars of difference might not seem like a lot. You definitely start to lose track of what these numbers mean, as far as the amount of debt I would be in and what I would be paying every month for the next 5, 10, 15, 30 or whatever years it ends up being. All I knew is that I liked the place and it would suck if the whole deal fell through because you can't agree on a matter of 1% of the total price.

Thankfully, after a day or two, an agreement was finally reached. Both sides signed a contract, and I wrote out a check for the "earnest fee". As I was signing all these documents, it almost felt like I was signing my life away. I know that the real transaction and much bigger deal will be at closing, but still. I've probably signed my name thousands of times, ranging from credit card transactions and personal checks, to high school yearbooks or the sign-in sheet at IMPE when I forgot my student ID. This was a new feeling. It's like "wow, this time my signature actually means something."

The next steps were the home inspection, having a lawyer go through the contract, and deciding on a mortgage. First two were pretty straightforward. Not saying they were easy, but I didn't really have to do much, just pay other people to do them for me.

Finding a mortgage was where things got complicated again. I'm glad I didn't have to deal with random brokers who I knew nothing about, but mostly with friends or family friends who I could reasonably trust. Thanks especially to Rich for patiently answering my questions and providing very helpful knowledge to a mortgage newbie like myself.

Nevertheless, going through all the estimates I got from lenders and trying to figure out which was the best deal made my head spin. And I'm pretty good at math, so I can only imagine how confused some other people would be. I thought I would just find the lowest rate and that would be that. But then there's "points" and "closing costs" to factor in. Then closing costs is broken down into subcategories, that some lenders cover and others don't.

After crunching some numbers, most of the estimates seemed to add up to be pretty close with each other. Basically it really just came down to making my best guess as to how long I would be staying at this house. And I still honestly don't know. I hope it's at least 5 years, but by then who knows what will happen.

At any rate (har har), I think by now the major decisions I need to make have all been made. Still have to actually get approved for the mortgage, and there's also more negotiating between the lawyers and the realtors of both sides on some of the details of the contract, but I'm starting to see the end of this tunnel that is the closing date (currently set for the 2nd week of July).

Overall, this whole process has been pretty hectic so far but also a good experience. I mean, I wish there didn't have to be so many people and so much paperwork involved, but I guess that's how things work in our system. I do understand the need for realtors, lawyers, etc. and the roles they play in the process. Still, I wonder whether there was ever a time when people just bought houses directly from each other, with a simple "handing over of money" and "giving of keys". That would have been so much easier, and take like 5 mins to do.

On the other hand, going through all these hoops has forced me to learn more about things like mortgages, taxes, home maintenance, and be more aware of what's going on in general. And that's definitely a good thing.

For example, did any of you guys know that there was a "7% Assessment Cap" enacted in Cook County recently to limit the amount that property taxes could increase per year? I'm guessing that unless you own a house in Cook County, you are like the pre-yesterday-Me and had no knowledge of such a thing. In case any of you are interested see here for explanation.

And before last month, I had no idea what the heck an "amortization table" was, or much of a clue what the latest interest rates were. Whenever economic figures used to come out in the news, I'd read about them, but never really thought of them as affecting my life much. Now, not saying I'm an expert on mortgages or the economy or anything, but at least I tend to pay more attention to that stuff, because I feel like it actually means something to me in a practical sense.

Well, that was way more than I intended to write on the subject. I probably could've summed it up in one sentence: "I think I done bought me a house, fellas". But now you all have an idea of what I have been doing for the past few weeks.

*****

Oh and let me get this straight - so in that song, R Kelly's girl basically set up the whole thing? Like Cathy/Mary, Rufus, and Chuck introduced her to the cop, and then staged the whole scene in the morning just to mess with him? Or, was it one big coincidence, Chuck and Rufus really were secret lovers, and he just happened to hook up with Cathy/Mary? In either case, how would she know that the cop stopped him on the way back? Something doesn't add up...

*****

I've been working with one of the summer interns here for the past week or so, and noticed today that in his emails he started signing them like me, with name followed by phone extension. Made me feel kind of like a big shot, now that I have college kids looking to me for an example here at work. I remember the days when I was new here and had to copy that kind of stuff from the older engineers at the time. Haha... I'm awesome.

Wednesday, June 01, 2005

Trapped In the Closet

Is anyone else out there as stoked as I am to hear part 5 of R Kelly's song? I thought it was over with part 3, when he left Cathy/Mary, Rufus, and Chuck.... but then the story just got spicier. He pulls back the covers..... then he finds a rubber..... What a great song!!

Best part (in part 2): She said 'you busted meeeee, and that much I agreeeeeee, you caught me cheeee-tiiiing, but this is a little extreeeeeeme!!!'

Awesome.

Tuesday, May 31, 2005

Laguna Biatch Reloaded

MTV showed a marathon of the first season of Laguna Beach yesterday. Reminded me of what a great show it was. I did some searching on Amazon and found that the DVD for Laguna Beach Season 1 comes out in July. Think I'll have to get that.

Hotel Rwanda

It was a good movie, though it's hard to tell in these movies what was real and what was exaggerated or added. Either way, it was a sobering reminder of how much we take for granted in this country, in terms of basic things like political stability and personal safety. We work every day to save up money and provide a better life for ourselves and the ones we love, but if one day an army were to pull up to your house and wanted do whatever they felt like doing to you and your family, what could you really do about it? At that point, all the stuff we normally think about and care about is out the window and the only thing that matters is survival.

Original Star Wars

Found my old original Star Wars trilogy on VHS and watched "A New Hope". I still remember when I first bought it for $30 in high school and that was a big investment for me back then. But they said it would be the "last chance" to own the original trilogy on video, so I decided to pay up. Since then, I think we can all safely say that it was a good thing I did, because look how scarce these Star Wars movies are these days. Anyways, I was disappointed to find that my tapes had deteriorated since the last time I watched them (probably at least 5 years ago). Still watchable, but a little flickering in some parts of the picture. I really did not get my money's worth in buying that VHS trilogy. At least the next time when I buy the sixlogy or whatever the complete set ends up being called, it will probably be DVD or some even more advanced digital format and will last longer.

Baseball Tonight

I used to like watching Baseball Tonight on ESPN every night. There was the story (I think recounted either on my blog or P's blog) one year when me and P were so excited to see the first BBTN of the season, but were hungry, so we raced across the street to Mykonos for some food and rushed back within like 10 minutes so we could catch the beginning.

Unfortunately as I've been watching that show this year, it has turned into a borderline unwatchable program for me. Half the time it turns into John Kruk and Harold Reynolds yelling over each other about something stupid, like whether or not Juan Uribe was wrong to trick Derrek Lee on that "foul ball" play. Honestly, if I wanted to see annoying arguments about pointless topics, I would just watch PTI, Around the Horn, I, Max, or any of the 20 million shows on TV that do exactly that.

The other day they were showing a highlight of Dae Sung Koo giving up a monster home run on a 3-0 pitch, when Harold Reynolds made some comment like "this isn't the Japanese leagues anymore". At first I thought I didn't hear him right, but then he went on to talk about how "in Japan, they don't swing at 3-0 pitches, but here, we'll make you pay".

What an ignorant thing to say. Sure, the talent level in the US is higher than in Japan, and there's differences in the style of play. But it's not like American pitchers have never grooved 3-0 pitches and gotten burnt before. To say something like "you're not in Japan anymore" is just condescending and unnecessary. And on top of it all, I don't think Koo is even from Japan. Pretty sure he's Korean. Not that I would expect Harold to know or care about the difference.

I get a little tired of complaining about race issues all the time, and I think overall I just let most things go, but sometimes it just has to be pointed out. Anyways, back to non-racial topics, I also noticed Harold Reynolds sucks at his fantasy advice too. The guy has little to no clue what he's talking about, and most of the time his explanations on who to trade and who to keep make zero sense. Honestly I used to think he was a good anaylst but he and the BBTN show have really gotten a lot worse in recent times.

Willie Harris Quote

White Sox article in the Sun Times
I got a laugh out of the quote at the end by Willie Harris: "Like Ice Cube said, today was a good day"

Monday, May 30, 2005

Wedding

I was at a wedding yesterday. Don't worry ladies, it wasn't my own. I got to watch a couple of old friends, Jeff and Laura, get hitched.

As a non-female human being, weddings are not really my favorite place to be, not my ideal way to spend a Saturday. But I did enjoy this one and I was really glad I got to watch them get married.

It helped that I have known both of them since high school and they are two of the nicest and coolest people I know of. And having seen them together as a couple for 7+ years (?) now, this wedding was a really nice celebration for a relationship that I honestly felt lucky to be there to see.

As far as the actual ceremony and reception went, it was a pretty good time. I don't like being in a suit and tie, but I haven't had to be in one for a couple years, so I guess it was alright. Not a big fan of how everything has to be so formal and stuff, but hey, what do I know? I clearly lack culture.

I noticed my blog has been boring looking lately, so in an attempt to spice things up a little, here are a couple pictures we took at the wedding ceremony. Hopefully I will be getting more from other people's cameras because for some reason a lot of mine turned out blurry. But that's ok, gives the bride and groom some anonymity in case they don't wish to be identified on this webpage (the lady behind me and Olivia in the second picture was not as lucky):

Lighting the Unity Candle

Me and Olivia

Thursday, May 26, 2005

Episode III

* May contain "spoilers" to the plot. Skip this part of the blog if you have not seen Revenge of the Sith yet.

Based on the recommendation of pretty much everyone I know, I decided to suck it up and watch the latest Star Wars movie this weekend. It's been a long time since I've watched a movie in the theater, and a really long time since I watched a movie in its opening weekend.

Anyways, I liked the movie. As I mentioned before, though, I also liked Episodes I and II when I watched them. Still, this one was definitely the best out of the 3. I heard when George Lucas was writing the story, he had 60% of the story focused on the last movie, and 40% on the first two. That would explain why there's so much crap filler in those, such as the pod racing, or any scene with Jar Jar Binks. And what was really the point of Darth Maul? None of those things really had much significance in the story.

I heard the guy who plays the Senator/Chancellor/Emperor is the same guy from the original movies. If that's true, that's pretty impressive. Now I'm wondering, is that also the same guy who played Grand Moff Tarkin too, in the scene at the end of Episode III?

By far my favorite line from the movie, by Padme to Anakin: "Hold me.... like you did by the lake in Naboo" hahaha so cheesy. Another great moment was at the end when the Emperor tells Darth Vader that he killed Padme, and he goes "NOOOOOOOO!!!!!" and starts shaking his fists.

See, I never really minded the corny dialogue, bad acting, or even the pointless side plots. The one major thing that bugged me in these movies was how the Trade Federation had accents that were blatantly Asian-sounding. I guess people of other ethnic groups also have their complaints about certain characters too, i.e. the Jewish shop owner, Jar Jar Binks, "sand people", and maybe more that I didn't pick up on. Not gonna make me hate Star Wars or anything, but there's no way it could all be an accident or coincidence - you gotta wonder about what George Lucas was thinking when he made these movies.

While I'm talking about Star Wars, I thought I'd throw out some questions I have about the movies (this includes the original trilogy too):

1. What purpose does the Stormtrooper suit serve? It doesn't seem to protect them from lasers, nor did it save them from getting beat by the Ewoks and their rocks. Is it just to make them look cool?

2. I think in Return of the Jedi, Leia tells Luke that she remembers her mother being very beautiful but looked sad. How could she remember this if her mother died shortly after childbirth?

3. When Obi-wan, Yoda, and Qui-Gon die, their bodies disappear. Supposedly this is a part of them gaining immortality? How come when Anakin/Darth Vader dies in Return of the Jedi, his body doesn't disappear? Yet he still gets to be immortal after Luke burns up his body.

*****

Cyclic Redundancy This

Over the past couple weeks, I have been witnessing the rapid deterioration of my laptop's hard drive. It started when some programs stopped working for no reason. Then when I tried copying or deleting some files, it would lock up my computer for a few seconds before giving me an error message. When I tried to scan my hard drive, all these sectors popped up as unreadable, and it took forever to get through the scan.

Eventually I determined the exact problem with my hard drive: something about "cyclic redundancy". What that means, I have no clue. All I know is that it sucks and basically means I need to replace my hard drive with a new one.

So I called up IBM, and the good thing is that I am still under warranty. (The bad thing is that my hard drive is dying in less than a year of owning it and I have no idea how it happened or how to prevent it). They sent me a new hard drive in the mail, and told me to swap it out and send my old one back within 30 days.

The good thing is that they sent me recovery disks along with the hard drive. The bad thing is that they don't seem to include Windows or any sort of operating system. So after spending hours installing 7 CD's worth of stuff, I can't get anywhere after booting up, other than IBM's Rescue and Recovery program.

I guess there wasn't much point to this blog other than telling my sad sad story. Sorry.

Toys

Some friends were talking about buying a Star Wars Lego set for like $500 the other day, which made me think about my own experiences with Legos and other toys when I was little:

1. Legos - As far as Legos go, I don't remember ever having any of those special sets, where they give you all the pieces you need to build a fire truck, X-Wing, or whatever. All we had was a giant bucket of generic rectangular pieces in the basic colors (red, yellow, blue, green, black). Also, you know how they had those little Lego people? Like there were construction workers, firefighters, cops, baseball players, women in dresses, etc. Well, I think all I had was 2 random guys with interchangeable legs and hats.

So that kind of limited the kinds of stuff I could do with my Legos. I think I just built walls all the time and occasionally a square building. Most of the time my walls had at least a few bricks that were a different color than the rest too, because I always ran out of the original color.

2. He-Man - I might've written about this before, but I had a He-Man action figure that was designed with some sort of spring so when you rotated his torso backwards, he would spin forwards in a punching motion. Unfortunately this also meant that at rest, my He-Man action figure was always facing sideways. I hated that thing because of that, but I loved the cartoon, and that was the only figure I had of him, so I had to deal with it.

3. Transformers - Don't think I ever had one. I do remember having something that you could transform, but I'm pretty sure it was one of those copycat brands, cause I remember it being a pretty crappy toy.

4. Teenage Mutant Ninja Turtles - I've written about being Donatello for Halloween before, but I don't think I had any of the Turtle action figures. I remember really wanting the Turtle Van though, it just looked cool. Too bad it cost too much.

Thinking about all these toys I had, seems like the common theme is that there was always something more I wished I had in every situation. Whether it was Lego pieces with actual shapes that had "angles" instead of just blocks, a He-Man that didn't look like he had a severe case of scoliosis, a "real" Transformer instead of a fake one, or the Turtle Van, I was never fully satisfied with the toy I had in my hand.

Maybe that says something about the insatiable forces of human nature. Or maybe that just says that all my toys sucked and I was deprived as a kid. I'm not sure which.

*****

House Hunting

Now that I'm 25, I guess I don't really think about toys anymore. I think about buying a townhouse.

As I've mentioned before, I went looking at townhouses a couple times in the last month or so, but haven't seen anything that really inspires me as being "perfect". Everything is either too old, too far from work, too small, or too expensive.

Problem is, almost all of these places are still being bought pretty fast by other people on the market. It surprises me that there are so many buyers who are willing to pay so much for these townhouses, but I think that also means that I am being too picky in my search.

My original plan was to decide on a place and close by mid-summer. I still plan on meeting that goal, so I guess that means decision time is soon.

It's an exciting time but also more stressful than anything else. The thought of being in hundreds of thousands of dollars in debt and possibly having to make mortgage payments every month until I'm in my 50's is hardly a nice thought.

Committing to a house around here also kind of forces me to commit to this job for a long time, at least for a few years I would say. Now, it's not like I hate this job or anything. But I have to admit that throughout throughout the past few years, there have been times when I have thought about just up and quitting to go do something else. Go back to school for a grad degree, become a professional poker player, or start my own business.

If I take out a big mortgage to buy a house right now, that really limits my options for the future. I wouldn't say it's impossible to change my career path, but it will definitely be a lot tougher. I'd have to really think twice before considering any of those things I just mentioned.

It just scares me to picture myself in a few years, feeling trapped in a life that I can't get out of. I don't want to paint myself into a corner, but in some ways that is what this home buying stuff feels like.

At the same time, I know I'm not getting any younger. And if I don't start making some tough decisions now, I might never move forward. As nice and stress free as it might be to continue living where I am now, paying rent so I don't have to commit to anything long term, I know I can't do this forever. To stay would be wasting time, like the Dave Matthews song says, and I don't want that either.