Posted by Scott in SF on December 15, 2010 at 13:01:36 from (64.166.144.11):
In Reply to: Refinancing the home posted by Aaron Ford on December 15, 2010 at 11:25:24:
We just refinanced for 30 years for 4.25% and pulled out a bunch of cash. Given that the interest is tax deductable we think the money is costing something like 1%, and there are a lot of good things to buy at firesale prices right now. The government is so far in debt that they are going to have to start printing more money, causing the dollar to devalue, driving up interest and inflation to the double diget level. In the early 1980's I remember my grandfather having bank notes, CD's I think, paying 19%. Even if the banks start paying 6-8 % interest why pay off a mortgage that actually costs 1%.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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