Skewered

[coxapple]

Here’s some schadenfreude for those into it.

As a long term reader from the UK I was toying with the idea of buying a little place in SD when prices approached their bottom: ie wait.

It will have to be a very little place now for sterling has fallen as much as SD house prices since early 07.

And then if I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.

Ironic

Mind you, if I had tried that then, no doubt some broker would have persuaded me to take out a 100% or even 120% mortgage and the net effect would have vanished.

.

[PadreBrian]

I would wait till the pound rises again.

[PadreBrian]

I would wait till the pound rises again.

[PadreBrian]

I would wait till the pound rises again.

[PadreBrian]

I would wait till the pound rises again.

[PadreBrian]

I would wait till the pound rises again.

[cr]

Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

[cr]

Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

[cr]

Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

[cr]

Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

[cr]

Maybe so, but the pound will likely reappreciate against the dollar before home prices stop falling, at which point you’ll probably get a better deal.

[nostradamus]

[quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

Give us some schadenfreude we can chew on!

[nostradamus]

[quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

Give us some schadenfreude we can chew on!

[nostradamus]

[quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

Give us some schadenfreude we can chew on!

[nostradamus]

[quote=coxapple]I take off how much our real estate/ stock market has fallen, I find I would be 25% better off in £ now if I had invested all my wealth in SD property as the height of your boom.[/quote]
The housing slump in SD is going to catch up with your UK losses, don’t worry. The stock market just works quicker.

Give us some schadenfreude we can chew on!

[Author]

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