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 - Tractor Profile: Ferguson TO-20 - by Staff. When the infamous "Handshake Agreement" between Henry Ford and Harry Ferguson fell by the wayside (that's a story in itself), Harry Ferguson quickly set up manufacturing plants for a United States version of his English TE-20. The TO-20 was relatively the same as the TE-20 except utilized some different casting materials and had a US-style electrical system. The TO-20 was a dead ringer for the Ford 9N and 2N models and they say that Ferguson did this on purpose when the Handshake Agreement wen
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