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To: Skeeter Bug who wrote (5107)	5/23/1998 9:45:00 AM
From: Kirk ©	Read Replies (2) \| Respond to of 42834

OT- Thanks skeeter. Was your loan a "jumbo"? rates are higher for jumbo's. also, you missed my point in that i was borrowing at 6.25% (1 yr fixed then variable after that) in the expectation of the same or lower rates (i pay the difference to principal so i am used to the payments). you pay a price for locking in for 30 yrs. The guest on NBR last night made a good case for seeing the 30 yr bond go under 5% by 2001! if you truely lean towards deflation, then why lock in unless it helps you sleep at night? maybe that is what i should do if i can do it for 1% including all costs. btw, i am not sure Hawaii is a good indicator as it is dependant on japanese tourists and we know how much extra money they don't have these days to travel. golfing and diving are VERY expensive in japan so japanese could pay for their hawaiian vacation with the money they saved doing these recreational activities there. of course, they need the extra money to persue these activities. it does show what can happen if the asian meltdown spreads past japan. thanks for the info

To: Skeeter Bug who wrote (5107)	5/23/1998 4:51:00 PM
From: wooden ships	Read Replies (3) \| Respond to of 42834

Skeeter- In re: Hawaii<> That State has surely suffered from the Southeast Asian financial implosion. After all, as Captain Kirk has aptly mentioned, the Hawaiian economy depended mightily on Japanese tourism. The real estate industry also benefited in the past from Japanese buying sprees. However, as noted in a past "Forbes Magazine" article, Hawaii is a State which apparently suffers from the profligate, wanton, and anti- business policies of a trademark liberal "tax and spend" State government. As a consequence, Hawaiians are saddled with onerous taxes, recklessly high per capita social welfare spend- ing, a strangulating business environment, and, not surprisingly, decades old one party Democrat domination. Indeed, during this latest lengthy powerful US economic expansion, Hawaii has consistently recorded the nation's highest unemployment rates, according to "Forbes," the mainland boom and Japanese tourist/ real estate dollars notwithstanding.