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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 (67829)	12/1/2006 1:39:17 PM
From: Dale Baker	Respond to of 306849

I doubt they will be looking at it in short-term investment contexts. These are folks with a lot of cash from a current residence or inheritance who want to buy a second home for vacation or retirement somewhere warm. The choices from western Europe are pretty much Spain, Florida or the Caribbean. A certain percentage of those folks will be buying no matter where the real estate cycle goes - they want a place in the sun to escape the European icebox. How much that buying amounts to, I don't know. If I was sitting on a couple hundred thousand pounds or euros and wanted my second home ASAP, I would be delighted to see the RE and dollar slumps we have now. What happens later is not my problem if I am buying a house I plan to use for many years to come. Just one example.