[quote author=grandpaul link=topic=1068.msg7058#msg7058 date=1218727214]
We lived for a couple of years through peaks over 18%, and coincidentally at the time we had the largest bank loans we've ever had - my first large mobile home and a company truck.
I paid almost triple for the bloody mobile home, and probably about double for the truck.
Still, I never had to make up a "will work for food" sign and stand on the corner.
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That's because instead of sitting on your behind talking about it or writing about it, you got out there and did it.
I was working for a large citrus grove company at that time, and living in housing ( real nice) provided by the company. When the two partners split in 1983, I stayed with one but had to move. Bought a house and was thrilled to get a loan for 10.95%.
Had an uncle who lost everything to 21% commercial rates.
Today's rates in the US make that SA investment look good.