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-   -   1% interest rates (http://cellar.org/showthread.php?t=18567)

glatt 10-30-2008 03:15 PM

He was lucky to have a cardboard shoebox. When I was a kid....

classicman 10-30-2008 03:19 PM

Lucky you glatt - at least you got to be a kid!

TheMercenary 10-30-2008 03:22 PM

Well when we got upside down in our mortgage for the hole we had to move the hole to a lake.

glatt 10-30-2008 03:22 PM

A kid? Not like you think. I didn't get to play. We woke up each morning (half an hour before we went to bed,) in the middle of a pond, and started working.

Aliantha 10-30-2008 05:01 PM

Well, speaking for myself, I'm just glad Dazza earns decent money so I can be at home to look after the kids and do all the running around. We qualified for our mortgage based on his income only. Actually, our bank manager basically told me they weren't interested in my income at the time because they didn't need to know.

It is nice for us to know that if things did get desperate, I could get a job to suppliment our mortgage payments. It's hardly a drop in the ocean compared to D's income though, so things would have to be pretty tight for it to make a difference.

TheMercenary 10-30-2008 05:07 PM

Quote:

Originally Posted by Aliantha (Post 499272)
Well, speaking for myself, I'm just glad Dazza earns decent money so I can be at home to look after the kids and do all the running around. We qualified for our mortgage based on his income only. Actually, our bank manager basically told me they weren't interested in my income at the time because they didn't need to know.

It is nice for us to know that if things did get desperate, I could get a job to suppliment our mortgage payments. It's hardly a drop in the ocean compared to D's income though, so things would have to be pretty tight for it to make a difference.

That is our situation as well.

Juniper 10-30-2008 06:20 PM

Us too.

xoxoxoBruce 11-01-2008 12:58 PM

Then all you fat cats can hit the tip jar, yes? :haha:

ZenGum 11-01-2008 07:15 PM

Back on topic, I am worried about the super-low interest rate thing.

The idea is that people will have more money to spare for consumables, and thus stimulate the economy.
But with interest rates so low, surely people will take out more loans and dig themselves deeper into debt. Then, when interest rates creep back up, they will be unable to make their payments. Deja vu RFN.

xoxoxoBruce 11-01-2008 08:04 PM

No, those interest rates are to get the banks moving. The public will never see them.

TheMercenary 11-01-2008 08:43 PM

Quote:

Originally Posted by xoxoxoBruce (Post 499954)
Then all you fat cats can hit the tip jar, yes? :haha:

No way, never. Not as long as Radar and Iby post. :D

Ibby 11-01-2008 09:05 PM

what the hell is wrong with me? ive prettymuch been totally passive on the politics/current events sections lately anyway...

Juniper 11-01-2008 09:45 PM

I'm not a fat cat. I'm a starving college student.

Well, I'm a college student. ;)

Aliantha 11-01-2008 10:41 PM

I'm a fat Pat...and I have a pussy, so maybe I could be a fat cat.

TheMercenary 11-02-2008 08:44 AM

I love it.


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