Posted by Scott in SF on December 15, 2010 at 13:01:36 from (64.166.144.11):
In Reply to: Refinancing the home posted by Aaron Ford on December 15, 2010 at 11:25:24:
We just refinanced for 30 years for 4.25% and pulled out a bunch of cash. Given that the interest is tax deductable we think the money is costing something like 1%, and there are a lot of good things to buy at firesale prices right now. The government is so far in debt that they are going to have to start printing more money, causing the dollar to devalue, driving up interest and inflation to the double diget level. In the early 1980's I remember my grandfather having bank notes, CD's I think, paying 19%. Even if the banks start paying 6-8 % interest why pay off a mortgage that actually costs 1%.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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