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<p>[QUOTE=&quot;V. Kurt Bellman, post: 2557990, member: 71723&quot;]The last time I financed a car, it was my 1988 T-Bird with the 5.0 liter V-8. My bank interest rate (direct reduction loan - no fancy &quot;add-on&quot; garbage) was 10.6%. Late summer of &#039;88. End-of-model-year blowout sale.</p><p><br /></p><p>Every car since then has been CASH. I still have the T-Bird, and it runs awesome, but needs a rear mainseal.</p><p><br /></p><p>My ex-wife bought into the &quot;own your home&quot; riff after we split, and that money hole actually bankrupted her, from &quot;not too bad off&quot; to negative several thousand net worth in 7 years. Anything that COULD need to be replaced, DID need to be replaced.</p><p><br /></p><p>If what the economists tell us about work in the coming decades is true, home ownership makes NO SENSE AT ALL any more.[/QUOTE]</p><p><br /></p>

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