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Old 03-28-2009, 09:33 PM   #29
Minnie's Mate
Tom, the Uber Disney Fan

 
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Profile:  2006 30' Safari
Fayetteville , Georgia
Posts: 4,296

I saw it coming. Sorry, if you didn't.

Back to the issue at hand. It is a conundrum. We tax payers gave a no strings attached (stupid mistake by my side of the aisle) bailout to the banking industry so that credit would start flowing. So far, it didn't...oh yeah. It started enough in early January under the previous administration (mentioned only because someone would take credit for it on behalf of the new administration that didn't come into office until the end of Jan.) for January to show an increase in home sales. There was an increase in home sales in February also...before the stimulus plan was passed. All of the sudden, we hear that the recession has hit bottom and the stock market starts to climb. Hopefully all the good news we are hearing will get consumer credit rates low...lower than 13%. We should know something about March in the next week or so. So keep checking and check other sources.

RV's are luxury items and as such carry higher interest rates than homes and cars so that may attribute the high interest rates because the banks know that the job market is still in the tank and jobs will still be rocky for several months to come...probably 'till mid-May at least. So they realize that if something has to fall by the way side, it will be luxuries like RV's. The rates might close in on mortgage rates in another month or so.

Maybe you should try a trip to Disney. It helps keep me focused on reality.
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2006 30' Safari - "Changes in Latitudes"
2008 F-250 Lariat Power Stroke Diesel Crew Cab SWB
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