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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (24076)	10/10/2002 8:58:30 PM
From: Moominoid	Read Replies (2) \| Respond to 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

To: energyplay who wrote (24076)	10/11/2002 10:48:47 PM
From: Cogito Ergo Sum	Respond to of 74559

hi energyplay, I have owned FAX, the Abeerden closed end fund I owned that a ways back but switched to the TSE version FAP (quite a bit for quite a while) which held its dividend higher for longer. It finally dropped its dividend to match FAX a few months ago. Yesterday it was on sale and I bought more. With my cost basis my effective yield is 9.25 and I'm in the green. Unless the US economy suddenly takes off, the debt issues are just smoke and mirrors and the green back is going to rise I don't see a problem. regards Kastel