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

To: John Vosilla who wrote (67810)	12/1/2006 11:48:11 AM
From: GST	Read Replies (2) \| Respond to of 306849

"if the dollar falls another 50%+ in coming years it would seem whatever you do that is denominated in dollar you'll be swimming upstream to keep up. Can a plunge of that magnitude happen here?" It most certainly can happen -- look at the change vis a vis the Canadian dollar and others over the last five years. I would never want to pretend to have the answer to the question where to invest outside the US -- I will not go much further than to point out the obvious - and what is obvious is that the US is increasingly little more than one part of a much larger global economy. We are far too accustomed to thinking of the US as the main element of the global economy. This is the challenge -- to change our way of seeing the world and out place in it. Failure to make this change explains much of what is going wrong in the US, including our misguided invasion of Iraq.

To: John Vosilla who wrote (67810)	12/1/2006 11:58:58 AM
From: Dale Baker	Read Replies (2) \| Respond to of 306849

But on the flip side that creates more demand for our overpriced property in the states? You will find lots of Brits happy to buy their Florida vacation or retirement home under 125,000 pounds when comparable homes there can easily run twice that depending on location. I don't think it's enough demand to offset the overall wipeout but foreign buying should strengthen inversely to the dollar.