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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (11328)	5/21/2003 7:30:11 PM
From: Louis V. Lambrecht	Respond to of 39344

Cheap Dollar houses and cheap Euro houses are equal.<g> Not all houses are equal. We can actually buy in the high segment at roughly 50% of what was asked 3 years ago. In the middle segment, houses are sought and indeed sold on the spot. I can be wrong, but I observed that the price paid by a middle-class family for a middle segment home equals the 30 year mortgage they can afford with two revenues as collateral. Indeed, cheap loans make the prices go stellar. You actually could negociate a higher segment property for the same price as a dear middle-class home. People are crazy. Mortgage banks not: no fixed interests for loans above 10 years.<ng> Take a couble of years negative GDP growth and we are back in the 80ies.