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Jenn Dolari
(Reply)
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Date:
2009-02-21 03:21 am (UTC)
From:
kisai.livejournal.com
The interest rate in a bank though is like 0.1%, annually, you actually lose money by putting it in the bank because inflation is higher.
That said, butting it in the bank is still safer than buying a car or house on a loan. If you can buy a house outright, in a buyers market, do it.
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timeasmymeasuretimeasmymeasure
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Date: 2009-02-21 03:21 am (UTC)That said, butting it in the bank is still safer than buying a car or house on a loan. If you can buy a house outright, in a buyers market, do it.