What do I look like- some asshole in a suit?

Neil the Wheels Gahn said...
"Dear Koyuk,I'm trying to decide what to do with some extra money I have in the bank. Should I refinance the house or invest it in some conservative CDs? Should I take my refinance savings and pay extra on the house or invest in CDs? How does inflation and tax-deductibility factor into this? I need to know for two time horizons, 5 yrs and around 30 yrs.Thanks Koyuk!Neil"

First off, who has Cds anymore! I have all of my humpin-da-bitches music on my iDog! Get with the times snoopy! Okay! Okay! Bad joke. You could go the CD route and make 5o cents a year in interest...but don't be a mutt. Here is the question- do you plan to keep this house past 5 years? If not, invest the money in something safe. If you put it into the house...sorry to say....in the next 5 years you probably won't see it again! It's like- should I make another car payment knowing the transmission is going? Hell no! Sell it. You won't see that payment come back to you. Now, if the house is a keeper...like that fine woman you got...put the money on that debt. Build long term equity. If you build it...it will come...back into your pocket with plenty of interest! But that is longterm. I'm barkin like 2-3 dog years! Got it!

Banks may fail. Hell, the markets may need to become a whole new system. I think one Las Vegas is enough, and it is time to shut down this current stock market system. That said, your house eventually will be worth more than it is today. Eventually. It is possible that 20 years from now we may no longer need a pepsi, or viagra or let's hope, Walmart! But we will need places to live. Of course by then, your house may be on Chinese soil, but they will be good to you. Man I love MooShooPork! Stole some of that of my human's plate last night. Anyway...

To wrap it up, cause I need to scoot my ass on some carpet- less than 5 years in the house and I would go with CDs or your cousin Vinney. More than 5 years and I would lay those chips on the house! Does it have a dog door?

Okay, gotta Scoot. Seriously!
Koyuk