Posted by Scott in SF on December 23, 2008 at 20:54:00 from (76.235.158.132):
In Reply to: Our frugal future? posted by Spook on December 23, 2008 at 18:48:17:
I have always been frugal. Never did the credit card or car loan debt thing. 30 year fixed rate mortages are 4.875%, after writting off interest the effective rate is 1% or so. They are practically giving away houses now, even in great areas. We are out to spend every penny we can borrow. Soon the government is going to start printing money to pay off its bills and inflation will rage. It feels good to reduce income taxes and pay off debt with inflated dollars.
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