Cy the Cyclone
Starter
I just refinanced my house at 4.5% and saved myself a couple hundred a month on the payment...obviously there are still some stupid bankers out there.OT: one small difference, the prevailing interest rate is now near 0; in the early 80s, it was in something like the teens. So now no one will give you a loan, and then you couldn't get a loan because it was too expensive. OTOH I'm pretty sure that that football is recession proof, so I think you are out of luck, Cy.#5 sure does draw a lot of parallels to where we're at right now.
Funny thing was...even after a flood and some major rebuilding that isn't done yet, the appraiser still wrote it up as worth about 1/5 more than I paid for it 10 years ago...I'm pretty sure that's so they can raise the taxes on me. I'm hoping for another flood this year. Maybe I'll be able to convince them that it washed away my brand new Mercedes....along with all the paperwork...that I just bought two hours before. That didn't work last time <_<