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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (4680)3/7/2008 8:58:57 AM
From: carranza2  Read Replies (2) | Respond to of 71426
 
Many mortgages in Eastern Europe are Swissie denominated. Eastern Europe had a similar housing mania as US except now the payments are due in Swissies which are appreciating against local currencies.

The Eastern Europe housing market bubble will implode a lot harder than ours.

Want to be hip, get a condo in Prague or Budapest, drink latte with poets and avant garde painters? You'll get your chance.