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Re: obama to cut social security

By: clo in ALEA | Recommend this post (0)
Sat, 06 Apr 13 3:06 AM | 84 view(s)
Boardmark this board | The Trust Matrix 		Msg. 13172 of 54959
(This msg. is a reply to 13164 by tkc)
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Hi tkc,

You make excellent points!
When I bought my home in 1968 we thought 6% interest rate was great & it was ;))

Ardsley is beautiful. We had our wedding reception at the Water Wheel. And my mother in law at the time had her own real estate business in Ardsley & lived in Ardsley.
She had a glorious view out of her huge picture window of the back yard, with a pond. I wish I could remember the name of the road, maybe it will come to me in a dream. Heatherdale??? does that ring a bell?

I lived & graduated from HS in Briarcliff. Another lovely area.
Thanks for the memories ;))




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The above is a reply to the following message:
Re: obama to cut social security
By: tkc in ALEA
Fri, 05 Apr 13 7:04 PM 		Msg. 13164 of 54959

Hi Clo. "Keep in mind interest rates have been horrible for those of us seniors that have been careful to save money." True,but on the flip side it has been a great opportunity to improve personal balance sheets. Refi a house @ 3.5% for 30 or 2.75% for 15. Borrow short term (18 mos.)@ 1.5% to pay off high interest credit. Those that invested in blue chip utilities (and others) such as Ed,T & Vz have done just great. I lived in Ardsley 'til 2000 - if one were to sell a home there today and purchase another somewhere less expensive they'd become very comfortable quickly. For sure it's been really tough on those that only had CDs and AAAs.

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