tag:blogger.com,1999:blog-27951078.post8302079718253278355..comments2024-02-02T05:45:33.724-06:00Comments on Incoming: John Phippshttp://www.blogger.com/profile/03245790061133614986noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27951078.post-87486403613038871242009-01-19T16:30:00.000-06:002009-01-19T16:30:00.000-06:00anon:My comment was an exaggeration but with the a...anon:<BR/><BR/>My comment was an exaggeration but with the average 30-year fixed mortgage dropping below 5% nationally, that means there are likely a few 4.5% mortgages being made. And with the target being mentioned of 4.5% average...you get my drift.John Phippshttps://www.blogger.com/profile/03245790061133614986noreply@blogger.comtag:blogger.com,1999:blog-27951078.post-32551066111810947062009-01-19T15:56:00.000-06:002009-01-19T15:56:00.000-06:00Where can you get 4% money for 30 years?Where can you get 4% money for 30 years?anonymoushttps://www.blogger.com/profile/13186346535508142962noreply@blogger.comtag:blogger.com,1999:blog-27951078.post-83936060740133214652009-01-19T09:08:00.000-06:002009-01-19T09:08:00.000-06:00brian:I get the same message, it's just striking t...brian:<BR/><BR/>I get the same message, it's just striking to me to see the phrase "equity to debt" from the farm press where debt has been a necessary evil.<BR/><BR/>I also think the turnaround will not be so rapid as to worry unduly about short-term rates. I hope I'm wrong.<BR/><BR/>Bottom line: if folks are willing to give me money for 4% for 30 years what does that say about expectations for cash as a way to grow wealth, never mind withstand inflation?John Phippshttps://www.blogger.com/profile/03245790061133614986noreply@blogger.comtag:blogger.com,1999:blog-27951078.post-26817263032874837612009-01-19T08:49:00.000-06:002009-01-19T08:49:00.000-06:00The examples from the Dtn article seem to show far...The examples from the Dtn article seem to show farmers increasing cash by borrowing long term at fixed rates. Klienfelter "is urging growers to convert equity into long term debt", for example. This is done to raise cash, correct? Another farmer wants to convert bins already paid for with cash to long term leases, again raising cash. The conclusion I reach from that article is one should be borrowing long term at fixed rates, and not short term at variable rates.Anonymousnoreply@blogger.com