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


To: Moominoid who wrote (36887)8/4/2005 11:17:38 AM
From: shadesRead Replies (2) | Respond to of 306849
 
But my father grew up in Frankfurt and Köln (born 1916, remembered the 1923 hyperinflation, 1929 stock market crash etc. though he was a child these events had a big impact).

My grandfather and grandmother were poor farm hands and all these great events didn't affect them much, getting up and slopping hogs for 80 years of life doesn't seem to alter your daily habits much wether stock markets crash or world wars happen.

Near the end of his life granddad said, dont get fat, work hard everyday, always feed your chickens, and you will be OK - hehe. Biggest change he said he liked over his life that was modern, he got a TV once and watched some barnaby jones. Never drove, never learned to read or write, died not living that much different than his grandparents did on the farm. He had no use for cash or gold, but if you had a good hunting dog or fighting chicken - he was excited to talk to you - hehe.



To: Moominoid who wrote (36887)8/4/2005 6:14:15 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
Interesting story. Brains and skills you take with you, everything else is a lot less mobile than people might think. Even credentials and diplomas are often not recognized in your new home.

As emigrants from South Africa recently discovered, when you might want to sell your farmland or business, due to political instability, everyone else does too.

My Great-great-great-Grandfather was Alexander Herzen, son of Ivan Iakovlev, the Czar's cousin. After Herzen became a revolutionary, the Czar exiled him out of the country. He and his children obtained Swiss citizenship, although he himself lived in London, then Paris. He was good friends with Charles Dickens.

Although my Great-Grandfather and his Dad both became Doctors in Switzerland, much of their money was still derived from Russian farmland. My Great-Grandmother (Greek) grew up in Moldova. She saw the problems developing in Europe, which led to WW-I, so she built the home in West Hollywood in 1913. This had the additional benefit of being roughly 5,000 miles from where her husband was living at the time, in Moscow.

She also had bonds in the Bank of France, a bank which had made a lot of loans backed by Russian real estate. Too many Russian loans to survive the fall of the Czar, so the Bank of France failed sometime around 1918 I think. Money transfers from her Dad in Moldova ended in 1921 when the Bolsheviks tightened control of Moldova. My Granddad became a Doctor, his brother a lawyer, and his sister a real estate developer.

If things collapse here, I think Australia would be my preferred exit choice, but the only place I can get citizenship guaranteed is Switzerland. Not bad.
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