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  • From: Don Bowen <don.bowen AT earthlink.net>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Perfect Storm
  • Date: Tue, 10 May 2005 15:04:28 -0700

At 5/10/2005, you wrote:

How so? They are acquiring cash for any purpose they choose by refinancing at a lower interest rate than they had before. The savings in interest often allows the same payment.

Yes, but by now everyone with a high rate has refinanced so new money will come at the expense of spending.

Don Bowen Awl Knotted Up
My present location is the star on the map in the link below
http://www.mapquest.com/maps/map.adp?latlongtype=decimal&latitude=33.506083&longitude=-117.099019
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html




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