1% interest rates - Page 3

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

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?

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

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

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

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.

10-30-2008, 03:19 PM	#32
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Lucky you glatt - at least you got to be a kid! __________________ "like strapping a pillow on a bull in a china shop" Bullitt

10-30-2008, 03:22 PM	#33
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Well when we got upside down in our mortgage for the hole we had to move the hole to a lake. __________________ Anyone but the this most fuked up President in History in 2012! Last edited by TheMercenary; 10-30-2008 at 03:46 PM.

10-30-2008, 05:01 PM	#35
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	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. __________________ Kind words are the music of the world. F. W. Faber

11-01-2008, 12:58 PM	#38
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	Then all you fat cats can hit the tip jar, yes? __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

11-01-2008, 07:15 PM	#39
ZenGum Doctor Wtf Join Date: Oct 2007 Location: Badelaide, Baustralia Posts: 12,861	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. __________________ Shut up and hug. MoreThanPretty, Nov 5, 2008. Just because I'm nominally polite, does not make me a pussy. Sundae Girl.

10-30-2008, 03:15 PM	#31
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	He was lucky to have a cardboard shoebox. When I was a kid....

10-30-2008, 06:20 PM	#37
Juniper I know, right? Join Date: Aug 2008 Posts: 1,539	Us too.

11-01-2008, 08:04 PM	#40
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	No, those interest rates are to get the banks moving. The public will never see them. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

11-01-2008, 09:05 PM	#42
Ibby erika Join Date: Apr 2006 Location: "the high up north" Posts: 6,127	what the hell is wrong with me? ive prettymuch been totally passive on the politics/current events sections lately anyway... __________________ not really back, you didn't see me, i was never here shhhhhh

11-01-2008, 09:45 PM	#43
Juniper I know, right? Join Date: Aug 2008 Posts: 1,539	I'm not a fat cat. I'm a starving college student. Well, I'm a college student.

11-01-2008, 10:41 PM	#44
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	I'm a fat Pat...and I have a pussy, so maybe I could be a fat cat. __________________ Kind words are the music of the world. F. W. Faber

11-02-2008, 08:44 AM	#45
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	I love it. __________________ Anyone but the this most fuked up President in History in 2012!

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