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We bought a house 2 weeks ago.
4.25% from BB&T.
I'm not doing landscaping full time,I got out of that middle of August because I finally acquired enough mechanical skill to land me a decent job in a auto shop. It is very busy with plenty of work and some overtime right now. But the the company is very uncertain about the future at the moment and told me that going in. I took the risk as I have been dieing for a chance to get professional auto work experience on my resume.
Heard part of the plan lets folks off the hook for college loans.
As I read it, if yuou have paid on time for 20 years, and still have some to go Uncle Sam will pay the balance off.
Doesn't that mean the folks who are really struggling to make the house payment, and forego the college loan to keep a roof over their heads, have been left out? Good news, if they get help with the mortgage, will they then use the money to pay back the school loan? Some will, I think some instead will take a cruise or buy a new car....and stimulate the economy while they forego their debt service obligations.
What about us really old folks who went to school, ran up a debt......OMG......and actually paid it back, and even early to save interest and make the money available for the next generation. What do we get......rhetorical question....the opportunity to donate our tax dollars to pay for someone elses education who may....may not be responsible enough to honor their debts and pay it back.
Education is good, govt needs support that, govt needs to support responsible people, force payment of education loans, and maybe even think about caping college tuitions so more Americans can get educated while going into debt less to start their business lifes.
And yea...I was sober when I wrote this
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