John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: robert b furman who wrote (8642)	1/11/2008 9:44:17 AM
From: Hawkmoon	Read Replies (2) of 33421

we have spread the pain out globally. That's definitely the case... But I'm not sure that this is good over the long term.. It might make foreign investors more hesitant to invest in the US... I just recall a trip I took to Spain a few years ago and it was evident that the Real Estate bubble was present there as well.. Even in Seville, where unemployment averaged 20-30% at the time, apartments were selling for hundreds of thousands of Euros.. And it seemed crazy to believe the market could be sustained without gov't intervention.. But it was tough to say whether those prices were pushed up internally, or by foreigners (other Europeans) buying second homes there.. Hawk

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