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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Biomaven who wrote (187514)12/30/2014 6:57:27 PM
From: Elroy Jetson  Read Replies (1) of 206093
 
I should mention the seven homes my housekeeper owned were in Los Angeles and certainly nothing was selling for less than $250k.

So my housekeeper and her husband had created nearly $1.75 million in loan demand at a minimum, paying interest of $80k or more annually with a joint earned-income of probably less than $30k annually plus rents.

And they also supported their two children on that income! Really quite admirable.

If everyone made this same borrowing effort today, interest rates on savings accounts would certainly be back at 5% in no time flat.
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