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RE: Too Deep Of A Hole?

in Reflections3 days ago

I like the cap, because while I don't think it will make people spend any less, it will make a little less profits for the banks over time, and therefore a little less inflation through debt perhaps. Though, 10% is still too high! Mine is 12% at the moment - but I have no debt on it, other than online payments that come out occasionally for software - so I pay it off monthly.

The real question is... the hole?

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Haha, everyone wants to know about the hole! Those are from a post I made back in 2020 when we had a pipe break in our front yard. I'm not going to complain about a cap at 10%, but I manage my money better than most. Heck, I was annoyed by the 6% rate on our recent car loan. I think it's way too high!