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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (362)	9/26/2007 3:26:02 PM
From: JF Quinnelly	Read Replies (3) \| Respond to of 621

The NZ$ took a plunge? That has to be versus the yen, it couldn't be versus the poor benighted American $. I see a lot of interest over here in diversifying into currencies with natural resource support- I know that fits the Oz $- how about the NZ $? Of course, all the interest in getting out of the dollar could mark a bottom, but somehow I think the US $ has farther to fall.

To: Maurice Winn who wrote (362)	11/3/2007 7:21:03 PM
From: Ilaine	Read Replies (2) \| Respond to of 621

Experts -- whatever that means -- are predicting that the peak -- or nadir -- of the foreclosure process won't occur until late 2008. Right now, the foreclosure/bankruptcy customers I've got are ones that purchased with zero money down and "creative" financing at the blow-off top and could never have paid their mortgages anyway, and are stuck with negative equity so can't flip, have to dump. There are neighborhoods starting to get empty, but I am also seeing very reasonable pricing, and interest rates are low. washingtondc.craigslist.org These foreclosure properties in the DC metro area seem to tell the tale for me. They're gigantic housemonsters. A waste of money to heat and cool, a waste of gas to commute too far, a money pit. washingtondc.craigslist.org This local realtor is still selling lots of houses. dialdebbie.com No question that our house is worth less than it was at the blow off top, but we never got sucked into the cash-out mania, still have lots of equity, and a solid roof over our heads in a neighborhood we love.