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Americans Not Confident About Recovereh, Consumer Index Slips Back

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consumer confidence slides in US http://news.bbc.co.uk/1/low/business/8280830.stm

(the "we don't buy it" recovereh)

One reason for the increases may be fast approaching end of the First-Time Home Buyer Tax Credit scheme.

I know of one relative in the states who is scrambling to get a deposit together for a purchase. If this is being repeated across the country by those who still managed to keep their jobs, it could explain the uptick.

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Guest P-Diddly

Had word from the front line in CA. No confidence at all. Expecting hyper-inflationary depression. Daddy Bear is correct that those with a few quid/dollar/whatever - dash to assets, zero confidence in cash.

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Guest The Relaxation Suite
Had word from the front line in CA. No confidence at all. Expecting hyper-inflationary depression. Daddy Bear is correct that those with a few quid/dollar/whatever - dash to assets, zero confidence in cash.

But house prices are collapsing there, no?

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Guest P-Diddly
But house prices are collapsing there, no?

I said 'those with a few dollars'. The land prices have collapsed. I suspect many with money will see this as an opportunity.

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thx for the posts all

you said about land prices, mr p, any tips pls on where to buy land out there + how to check u can build on it? its one plan of mine to escape the uk the way things are going here,

appreciate any advice on how to do this

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Guest P-Diddly
thx for the posts all

you said about land prices, mr p, any tips pls on where to buy land out there + how to check u can build on it? its one plan of mine to escape the uk the way things are going here,

appreciate any advice on how to do this

I really don't know what the foreign ownership laws are out there, if any, may differ between states, Realistbear and even 51% deposit may help here.

Also be aware that politics can change such laws quickly. Although unlikely in the US.

I'll pose the question though regards where is the best place.

There's a lot to this if emigration is what you are looking for. I'd think very carefully about this.

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It's funny how the article is laced with opinion - unexpectedly to who? The BBC? The author? Ben Bernanke or Barack Obama? Perhaps people are just wising up! <_<

"The Case-Shiller Home Price index rose by 1.6% from the previous month [...]

David Sloan, economist at 4Cast, described the figures as "pretty impressive".

Yay! The things we need to buy to live in are getting more expensive again! If only cars, food, clothes could too, wouldn't life be great! :blink:

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