Reply
 
Thread Tools Search this Thread Display Modes
 
Old 03-12-2015, 05:37 PM   #21
lwg
Senior Member
 
lwg's Avatar
 
Join Date: Jun 2013
Posts: 918
Quote:
Originally Posted by Rick and Mindy View Post
I agree with Dave. When money is cheap, take advantage of it. In a few years these loans may seem like pennies on the dollar. When inflation hits and the interest rates go back to 9 and 10% you'll love the idea of 2-4% mortgages and the cash you saved can then be placed in Certificates of Deposit that will pay higher rates than you are paying. I purchased many homes during the 70s through the 90s when the interest rates were typically 9 and 10%except in the mid 80s when they hovered around 18%! I hope 9 and 10% or higher never returns but historically, that's not the case.
I 100% agree. I always find it funny how some people insist on paying cash for something when loan rates are so low right now.
__________________
2014 Redwood 38BR, Fulltiming
2013 Ford F-350 CCSB 6.7L 4x4 SRW, B&W Companion Hitch, Air Bags
lwg is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Featured Campgrounds

Reviews provided by

Powered by vBadvanced CMPS v3.2.3
Disclaimer:

This website is not affiliated with or endorsed by Redwood RV or any of its affiliates. This is an independent, unofficial site.


All times are GMT +1. The time now is 01:35 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×