Funny about all those new banking laws they passed. My BIL and his wife have a 7 figure income. Both have professional jobs and the wife works at a family owned telecommunications company so she not only makes a pay check she also is parts owner. They decided that they needed a larger house. A local guy had just built a house and then was transfered to a different area. A house that appraised at 350,000 was being offered for 275,000. They decided to buy it and that the smart thing would be to finance it as the interest rate is deductible. They go to the bank and apply for a mortgage. They wait, and wait and then wait some more. She gets mad and goes to the bank. They tell her that because they don't have any loans out and haven't that they don't know if they can get them approved. She tells the banker, fine, I want you to close my accounts here and cut me a check for the total amount. I'm going to start banking across the street. They approved the loan that day.
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Today's Featured Article - Restoring a John Deere 2010 Diesel Tractor - by Jim Nielsen. Following seven years working in California's Silicon Valley, my wife, baby son and I moved back to Australia to retire. We bought a small 'farm' of about 50 acres near Bendigo, in the state of Victoria. I soon found that it would be very useful to have a tractor around the place for things such as grading our long drive and brush-hogging the fields. I was also embarking on planting 1000 eucalyptus trees, and hence I would need a ripper, small disk plow, sprayer etc. to get these things accompli
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