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)
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4 thoughts on “Blimey that was quick

  • 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 …

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  • 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.

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  • More like: Crashing house prices results in renewed interest in US property – but they wouldn’t like to admit to that.

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  • little professor says:

    I have nothing to say but LOL

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