Posted by JML755 on September 19, 2008 at 05:56:48 from (66.184.63.110):
In Reply to: O.T. tick rule posted by NEsota on September 18, 2008 at 19:39:13:
"... The Feds want to loan the bank some money tp help with troubled mortages. It supposed to help the homeowner keep there homes..."
Not sure throwing more money into the mess will help. I.e. Helping someone keep a home they cannot afford is probably not the best solution. It's a complicated issue, with lots of contributory causes: crash in real estate values causing speculators to go upside down on their mortgages and walking away, ARMs that reset to higher rates than people could not afford, drop in housing market caused drop in truck sales coupled with high gas prices tanked the auto industry causing layoffs, etc.
Recently, we increased our equity credit line on our house to buy a replacement for a vehicle whose lease was up. Current lease rates are sky-high and we wanted a payment that was within our means, so we downsized the vehicle and purchased instead of leasing. That is the key: live within your means.
However, I suspect that this is "preaching to the choir" and that most people on this forum are pretty fiscally conservative.
And I think Bradley Martin is right on the money. If it sounds too good to be true, it probably is and someday you'll have to pay the piper. We went through this before (remember Michael Milliken and Drexel?), the dot.com, real-estate crash in the early 90's.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
