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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (36070)	7/22/2005 11:20:29 PM
From: John Vosilla	Respond to of 306849

Good point. Many of us forgot the reason so many of our forefathers fought and struggled to get to this country.

To: patron_anejo_por_favor who wrote (36070)	7/24/2005 11:53:54 AM
From: GraceZ	Respond to of 306849

I take it your friend isn't Jewish? If so having large real estate holdings in that scenario would have been, shall we say, less than attractive. They were also lucky not to live in Dresden or East Germany. The ability to acquire as well as hold onto assets depends a great deal on factors completely out of your control. Many German Jews liquidated assets to escape Germany, so while less attractive, owning land wasn't entirely worthless. This is the one case where having gold might have given a slight advantage in that it is more portable. That said, a great deal of gold, art work, real estate and financial assets were confiscated from Jews during the Nazi regime so having assets didn't help them in the slightest. Owning real estate in Dresden or East Germany could erase whatever advantage one gained from not being Jewish.