With inventories down to less than 5 months, first time home buyers fresh off the proverbial fence and primed to take advantage
of ridiculous interest rates are scooping up the dwindling foreclosure inventories.
My fiance and I have 5000 dollars in credit card debt,
at ridiculous interest rates (18 %), and I also have a student loans for 2750 and 1500, the 2750 one is sitting in the bank building interest until it needs to be repaid, its a form of an emergency fund.
At the same time, no public discussion about
the ridiculous interest rates card companies charge consumers has been heard.
Predictably, they have no problem getting people to pay the cost of a car twice over in
ridiculous interest rates.
So here's an idea to help turn the old dreidel game into a valid financial lesson (and also really feed into anti-Semitic stereotypes): let your broke kids loan chocolate from you, but charge
them ridiculous interest rates.