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

To: The Wharf who wrote (4992)	3/13/2008 6:46:36 PM
From: Real Man	Read Replies (1) \| Respond to of 71475

There are Re bubbles in many countries, including Europe, but only the buck drops. en.wikipedia.org As of 2007, real estate bubbles have existed in the recent past or are widely believed to still exist in many parts of the world, especially in the United States, Britain, the Netherlands, Italy, Australia, New Zealand, Ireland, Spain, France, Poland, South Africa, Israel, Greece, Bulgaria, Croatia, Canada, Norway, Singapore, South Korea , Sweden, Baltic states, India, Romania, South Korea, Russia, Ukraine and China. In Moscow, average property prices rose from $700/sq.m in 2000 to over $4000/sq.m in 2007. Approximately half of that growth took place in 2006. Prices have peaked in February 2007 and are now gradually declining. That's $370 per square foot, and the average wages in Russia are 10 times lower than in the US -g-