Quote:
Originally Posted by viet_mom
P.S., I'm worried about finances these days. If you had a 5.5% 30 year fixed mortgage (with around 300K in principal), would you use your extra money to pay it off since savings plans are absurd, like $.002% annual interest? Thanks.
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No, no, no. 18 months from now we will have 20% inflation courtesy of Obama and the Dems, and you will only be paying 5.5% interest on the home, in essence making 15% a year on it while the mortgagee watches their 80% interest in it wither away.
