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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (6111)	5/17/2002 12:03:07 AM
From: macavity	Respond to of 33421

Property. In Japan here a lot of the US and European guys think that OZ (Australian) property is a steal, especially the beach stuff. Also weak currency! It's not my game (property) - but if the Bear story is true for the $USD then I can see their point as these are superb countries to retire/live in. Great to buy when you can (Australia, Canada) not when you have to (US, UK). I do not know what the property market is like in these countries for the domestics. I guess following on the commodity bear market currencies/countries. I guess that the Argentina property market must be in freefall, as the middle classes especially are trying to emigrate. Another beautiful country. The catch is the currency. I remember a friend of mine looking at South African property with ZAR between 7 and 8. I am not sure if he bought it. -macavity