Wednesday, April 18, 2007
Blimey that was quick
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 (651 views)
4 thoughts on “Blimey that was quick”
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fahrenheit451 says:
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 …
tyrellcorporation says:
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.
harold says:
More like: Crashing house prices results in renewed interest in US property – but they wouldn’t like to admit to that.
little professor says:
I have nothing to say but LOL