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To: BigBull who wrote (46617)	6/18/1999 9:22:00 AM
From: Aggie	Read Replies (1) \| Respond to of 95453

BigBull, good morning (O.T.). Back on this side of the pond....and I can say with confidence, the U.K. is indeed booming. A friend of mine put her home up for sale two weeks ago (outside London) and it sold the same day - at the asking price - which was up about 30% from the purchase price 2 years ago. Buying a house is considerably more tedious in the U.K., many more hoops, and the dreaded "chain" - the connected sequence of buyer/seller, each prospective purchase being tied by necessity to the sale of the former residence, whose purchaser is in turn tied to their own sale, and so forth. The average purchase takes about 4 months from decision to "move in". My Opinion? U.K. economy is overheating, way past post-recession. Curiously reminiscent of 1980's Texas housing market, though not quite as frenetic. Next big recovery region will be Asia, which led by Japan will hopefully smooth the inflationary bumps ahead in the U.S. Regards and Good Luck to All. Aggie