On 10/27/09 10:32 PM, Richard Casady wrote:
On Tue, 27 Oct 2009 18:03:16 -0400, wrote:

In ,
says...
Almost makes me wish i had a mortgage again.
In my day I had signed up for 11.25% back in the mid '70s.
When I sold that house and moved back into the city I lucked out at around
6%
This house has been paid for almost 10 years now.

I have always paid cash for everything, including houses.

Casady


That's fine if it doesn't drain your liquidity to a dangerous level. There's
nothing wrong with an affordable loan.


For once we agree. How fast can you pull $250,000 out of your house or
$50,000?

Probably three or four days.

I would just write a check, if that was all I needed. I should find a
better place to park some of the dough. Maybe have Zimmerman build me
a lobsta. Cruise the Mississippi the length of the Iowa portion.

Casady

I'm sure you'd prefer more of a houseboat boat.

Besides, 250 large will not get you a new zimmerman 36' lobster yacht.
You'd need to go to maine or canada, buy a hull and a top from a
reputable molder, and then find yourself a finisher. You might get the
job done for $350,000, but it won't be finished out the way zimmerman
does it.