Posted on 07/15/2021 8:23:47 AM PDT by MeneMeneTekelUpharsin
Has it occurred to anyone willing to tell the truth that the inflationary situation may actually be deliberate. Now, a lot of things for which people could have paid cash, they will have to finance to be able to afford. I believe this to be on purpose.
It is going to ruin people financially. The Bible says, "The borrower becomes the lender's slave."
The other shoe has yet to drop . . . rising interest rates. I think it is coming.
I just bought a porterhouse 15 year fixed 3.8 %
Welcome Back, Carter.
It ultimately means a lot less buying (and having).
As Schwab said, “You will own nothing...”
That's stupid, use a HELOC at 2.9%
Just be sure to cook it carefully and enjoy it, since you’ll still be paying for it in 2036!
get a new butcher.
cant get a heloc on a tundra with a camper shell
If you can afford a porter and can house/pay them, you’re doing okay.
“Car Share” service companies are about to make a lot of money.
Maybe so. In many cases it’s the LENDER who ultimately gets screwed. If you’re paying off a mortgage at 3.5% and the Fed is reporting inflation of 5% that’s probably half of the real inflation rate, then you should theoretically borrow as much money as possible and pay your expenses as slowly as you can.
I’ve got a ham on layaway. I figure I can get away with it with cured meats.
Indeed. The mortgage is one of the yoke’s of individual freedom. No one owns anything.
No one opposes the Marxists, because it will cost you your job, and with a couple of missed mortgage payments your family’s home.
Well I got a hot dog for 16 cents less... but with fees and interest, I’ll be paying for it for 11 more years... and then the new taxes on top of that...
LOL. I like the reference to the old TV show, “Welcome Back, Kotter”, which was on TV during the Carter years.
Some younger people here might not get the reference.
There was also a show called “Carter Country”.
Yep I remember Carter Country also. I think it was a sitcom about a southern town police department. I am sure it was no coincidence that it was a southern town, Jimmy Carter was from the south, and they named it Carter Country.
Few realize how really bad things are becoming and the hardships we are about to suffer.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.