Wednesday, Apr 18, 2007
Blimey that was quick
Firstrung: Two dollar pound results in renewed interest in US property
No sooner is £1 worth $2 and we're all off to Miami to buy a condo... =;¬)
Posted by converted lurker @ 12:17 PM (189 views) Add Comment
4 Comments
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1. fahrenheit451 said...
Good grief Charlie Brown.
And what happens when the Pound returns to $1.8 (or even $1.6) in the face of a property crash and the economy taking a "slight" downturn.
Sub-Prime ... Sub-Prime ... Sub-Prime ... here we go again ...
Its a con, they just want everyone outside their country to donate masses of hard earned cash to prop-up the housing market. And if a BTL then lets to sombody who is still paying off their debts from being re-possessed, exactly when when will the BTL get the rent ... after the banks have been paid off, so BTL can't pay the morgage, so BTL get's re-possessed, so it continues ... agghhh ...
2. tyrellcorporation said...
If this is true I can't really see the numbers of people being very big. You'd have to be pretty dumb to buy into the US property sector right now.
3. harold said...
More like: Crashing house prices results in renewed interest in US property - but they wouldn't like to admit to that.
4. little professor said...
I have nothing to say but LOL