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Non-Cattle Specific Topics
Every Thing Else Board
Property Tax Increases
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<blockquote data-quote="1982vett" data-source="post: 1830154" data-attributes="member: 7795"><p>Son bought a home 2 years ago. He could have gotten a 30 year mortgage for 3.3% or a 15 year for 3.18%. We encouraged him to go for the 30 year and pay it out as a 15 is he so wished to pay off early. Did he listen? NO! </p><p></p><p>I'm getting almost 5.5% on the 17 week T-Bill that transacts tomorrow. Yes, I don't like paying interest either. I financed a vehicle for the first time in 2018. 3.83 on a 3 year note while earning ~8% on investments elsewhere. I've been through high interest rates. 14% on a home lone in 1982. 14.5% on a debt consolidation loan in 1984 when credit card debt was what, 18% or more.</p></blockquote><p></p>
[QUOTE="1982vett, post: 1830154, member: 7795"] Son bought a home 2 years ago. He could have gotten a 30 year mortgage for 3.3% or a 15 year for 3.18%. We encouraged him to go for the 30 year and pay it out as a 15 is he so wished to pay off early. Did he listen? NO! I'm getting almost 5.5% on the 17 week T-Bill that transacts tomorrow. Yes, I don't like paying interest either. I financed a vehicle for the first time in 2018. 3.83 on a 3 year note while earning ~8% on investments elsewhere. I've been through high interest rates. 14% on a home lone in 1982. 14.5% on a debt consolidation loan in 1984 when credit card debt was what, 18% or more. [/QUOTE]
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