I love this but would prefer something self-hosted. Any plan to offer a self hosted version?
Show HN: I built a simulator for personal finance
131–140 of 240 posts
Re: Show HN: I built a simulator for personal finance
#132While it’s cool to have prebuilt scenarios without signing up. I couldn’t predict my own without signing up. I closed the tab.
Re: Show HN: I built a simulator for personal finance
#133Earlier quoted context omitted.
> Texas is theoretically a little worse for the middle class because property taxes are much higher. It's better if you're rich though. I know they are higher in relative terms, but are they higher in absolute terms? I live in a single-family house in SoCal and pay over $12k/year in property taxes. [edit] absolute relative
California is complicated because Prop 13 means it's totally different depending on how long you've lived there. Ideally property tax would be higher and income lower… well ideally it'd be an LVT which doesn't tax building improvements.
I don't know that LVT would make much of a difference; the majority of the value where I live is tied up in the right to have a building of a particular type on the property; not sure if that would count as "Land Value" or not.
My previous residence in particular was "interesting" because under the now-current zoning rules it would only be allowed to be 1/2 the square-footage, but as long as it stays as the current floor-plan it's grandfathered in. If you make it illegal to improve the usage of a property, then an LVT has no effect!
Re: Show HN: I built a simulator for personal finance
#134Earlier quoted context omitted.
> taxes in the US are much better This is complicated. Taxes in the US are different. For example, a lot of higher earners are concentrated in California and New York, which have fairly high taxes; in New York or San Francisco a single person making $105k would take home about $75k (slightly less in SF, slightly more in NY) or about £3k more. I would suspect (but do not know) that the UK government pension and health…
> For example, a lot of higher earners are concentrated in California and New York, which have fairly high taxes; in New York or San Francisco a single person making $105k would take home about $75k (slightly less in SF, slightly more in NY) or about £3k more. That's income taxes; states aren't that different when you actually count "taxes" ie property, sales, income, and whatever else is left over. Texas is theoreti…
> states aren't that different...
Source on the all-inclusive assessment? I am familiar with Texas and California and New York. One of these things is not like the others.
Re: Show HN: I built a simulator for personal finance
#135While it’s cool to have prebuilt scenarios without signing up. I couldn’t predict my own without signing up. I closed the tab.
I'm not sure what you were seeing, but I spent a solid hour playing with my own data without (yet) creating an account.
Aside from that, this kind of low-effort dismissal ("has/lacks X, closed the tab") plagues a lot of Show HNs, and it's not constructive. If you really feel so strongly against signing up, it would be more constructive to explain why you feel that way and suggest ways OP could improve their project. As it is this comment doesn't contribute to any meaningful discussion, it just comes off as rude.
Re: Show HN: I built a simulator for personal finance
#136Having the money showed in today's dollars by default was tripping me up for a bit. The 401k provider my employer uses shows "future dollars" by default, so you have to mentally recognize that the buying power of 10M "35 years from now dollars" is not what $10M would do for you today. Not helping my "11 months till 30" anxiety/depression. I don't know why it's messing with me so much. The internet loves to make is se…
Your prime years are whatever you make them, it’s borderline depressing when people think their best years are behind them when they possibly have 6-7 more decades to live.
Re: Show HN: I built a simulator for personal finance
#137I love this but would prefer something self-hosted. Any plan to offer a self hosted version?
I'm not actively working on this at the moment, but I'd definitely entertain the idea and be happy to help think through if there's a reasonable way to do it. What's your biggest motivation for wanting a self-hosted version?
Re: Show HN: I built a simulator for personal finance
#138While it’s cool to have prebuilt scenarios without signing up. I couldn’t predict my own without signing up. I closed the tab.
When you say you "couldn't predict your own", what do you mean? You should be able to do everything possible in the free tier without signing up.
Re: Show HN: I built a simulator for personal finance
#139I love this but would prefer something self-hosted. Any plan to offer a self hosted version?
I'm not actively working on this at the moment, but I'd definitely entertain the idea and be happy to help think through if there's a reasonable way to do it. What's your biggest motivation for wanting a self-hosted version?
i) Connect to bank accounts automatically and pull the balances and transactions.
ii) Owning my data.
Currently, I have my own tool that gets balances from credit cards and some bank accounts. I save all the data in a random xyt format which I export/import to my web tool/app. I am looking to replace this tool with something but without giving my data.
Re: Show HN: I built a simulator for personal finance
#140Earlier quoted context omitted.
> Texas is theoretically a little worse for the middle class because property taxes are much higher. It's better if you're rich though. I know they are higher in relative terms, but are they higher in absolute terms? I live in a single-family house in SoCal and pay over $12k/year in property taxes. [edit] absolute relative
I'm in Texas, and as always, it depends. Average property tax rate for the Houston area is 2.31%. There's lots of things that come into the equation (homestead caps, exemptions, etc.), but for an average priced home of, say $350,000 you'll be owing ~$8,000 in property taxes. The trickiest part is that your property values are reassessed every year, so for a long time our tax bill has just gone up, whether your income…
> The trickiest part is that your property values are reassessed every year, so for a long time our tax bill has just gone up, whether your income has or not.
I kind of wish it was that way here; the previous owner of the house I am in was paying $1400 per year in taxes, after purchasing it (pre-covid price boom) we pay $12000 in taxes (note the extra zero). I get people not wanting to be priced out of their housing by taxes, but:
1. If your property actually went up by a large fraction in value, so did your equity, and if you have a mortgage, then the equity goes up faster than the value due to leverage.
2. MIN(2%, inflation) is an absurdly low cap. Since it is applied annually, even if inflation averages 2% per year, the property tax increase will lag inflation.
Ultimately when far more people want to live in a place than there is housing, bad things happen, and Prop 13 and rent control just try to shift the advantage from "has lots of money" to "got there first" with lots of annoying second-order effects.