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The Water Cooler
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<blockquote data-quote="vvvvvvv" data-source="post: 1818356" data-attributes="member: 5151"><p>This.</p><p></p><p>Interest rate lower than inflation? You're coming out ahead in the end. No interest for 12 months, but you have budgeted two months to pay it, and you would have bought it in two months anyway but really needed it right then? What's the loss?</p><p></p><p>I listen for two reasons. Sometimes, people come up with situations that require situational brain power to solve and its an educational experience. Other times, people mention that they took out a second mortgage for their public high school student's flute and flute lessons hoping they'd go to school on music scholarship (which didn't happen) and become a professional musician.</p></blockquote><p></p>
[QUOTE="vvvvvvv, post: 1818356, member: 5151"] This. Interest rate lower than inflation? You're coming out ahead in the end. No interest for 12 months, but you have budgeted two months to pay it, and you would have bought it in two months anyway but really needed it right then? What's the loss? I listen for two reasons. Sometimes, people come up with situations that require situational brain power to solve and its an educational experience. Other times, people mention that they took out a second mortgage for their public high school student's flute and flute lessons hoping they'd go to school on music scholarship (which didn't happen) and become a professional musician. [/QUOTE]
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