Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (24076)	10/10/2002 8:58:30 PM
From: Moominoid	Read Replies (2) of 74559

UK property prices seem outrageous for what you get for your money. One of the many reasons I don't live in the UK is because the housing is so poor there unless you have lots of money to spend. And they have gone up by 250% since the mid 90s bottom (of course that is when my parents sold and moved to Israel). In 1990 I was a real estate development consultant in London. Was a fun time at the cusp of the last property boom. Of course if you were a developer you were very worried. I borrowed Sterling and changed into Aussie dollars rather than having a short sold position. As I said in my last post I have a long term view about Sterling-Euro convergence. David

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