[34f3f3f]

For the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.

[34f3f3f]

For the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.

[34f3f3f]

For the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.

[34f3f3f]

For the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.

[34f3f3f]

For the purposes of buying something as intrinsic to a domestic market as a home, being in the local currency makes sense. Anyway, the dollar has been gaining ground against other currencies, and as other economies weaken there has been a flight to the dollar as a safe(r) bet. The main major threat to the dollar is Asian ownership of US debt, but that threat is more likely to come from geo-political strategic games, that will play out when resources become scarce. A similar thing happened during the Suez crisis, when the US threatened to pull the rug beneath the UK and France.

[34f3f3f]

[quote=Rustico]

The government is trying to create a softer landing. That in itself is not cause for celebration.Probably the opposite is true. It is way too early to know where things go from here. Debt,on depreciating assets, even at 4.5% could equal poverty. I don’t think “cash is king goes out the window yet” and leveraged upscale private residences are very risky still.That said it probably will grease the wheels for Realtors.
[/quote]

About sums it up.

[34f3f3f]

[quote=Rustico]

The government is trying to create a softer landing. That in itself is not cause for celebration.Probably the opposite is true. It is way too early to know where things go from here. Debt,on depreciating assets, even at 4.5% could equal poverty. I don’t think “cash is king goes out the window yet” and leveraged upscale private residences are very risky still.That said it probably will grease the wheels for Realtors.
[/quote]

About sums it up.

[34f3f3f]

[quote=Rustico]

The government is trying to create a softer landing. That in itself is not cause for celebration.Probably the opposite is true. It is way too early to know where things go from here. Debt,on depreciating assets, even at 4.5% could equal poverty. I don’t think “cash is king goes out the window yet” and leveraged upscale private residences are very risky still.That said it probably will grease the wheels for Realtors.
[/quote]

About sums it up.

[34f3f3f]

[quote=Rustico]

The government is trying to create a softer landing. That in itself is not cause for celebration.Probably the opposite is true. It is way too early to know where things go from here. Debt,on depreciating assets, even at 4.5% could equal poverty. I don’t think “cash is king goes out the window yet” and leveraged upscale private residences are very risky still.That said it probably will grease the wheels for Realtors.
[/quote]

About sums it up.

[34f3f3f]

[quote=Rustico]

The government is trying to create a softer landing. That in itself is not cause for celebration.Probably the opposite is true. It is way too early to know where things go from here. Debt,on depreciating assets, even at 4.5% could equal poverty. I don’t think “cash is king goes out the window yet” and leveraged upscale private residences are very risky still.That said it probably will grease the wheels for Realtors.
[/quote]

About sums it up.

[34f3f3f]

Well I’m not a Realtor so excuse me for barging in but none of you is getting my money just yet. Even if prices do start to appreciate, there’s an assumption that pressure is on to climb aboard. In my case nothing could be further from the truth, as I believe prices are still too high, and whilst there may be owners who are resisting selling, there’s probably a large number equally determined not to pay ridiculous prices. If you look at how outrageously prices appreciated, I don’t see why a 50% fall is so so wide of the mark.

[34f3f3f]

Well I’m not a Realtor so excuse me for barging in but none of you is getting my money just yet. Even if prices do start to appreciate, there’s an assumption that pressure is on to climb aboard. In my case nothing could be further from the truth, as I believe prices are still too high, and whilst there may be owners who are resisting selling, there’s probably a large number equally determined not to pay ridiculous prices. If you look at how outrageously prices appreciated, I don’t see why a 50% fall is so so wide of the mark.

[34f3f3f]

Well I’m not a Realtor so excuse me for barging in but none of you is getting my money just yet. Even if prices do start to appreciate, there’s an assumption that pressure is on to climb aboard. In my case nothing could be further from the truth, as I believe prices are still too high, and whilst there may be owners who are resisting selling, there’s probably a large number equally determined not to pay ridiculous prices. If you look at how outrageously prices appreciated, I don’t see why a 50% fall is so so wide of the mark.

[34f3f3f]

Well I’m not a Realtor so excuse me for barging in but none of you is getting my money just yet. Even if prices do start to appreciate, there’s an assumption that pressure is on to climb aboard. In my case nothing could be further from the truth, as I believe prices are still too high, and whilst there may be owners who are resisting selling, there’s probably a large number equally determined not to pay ridiculous prices. If you look at how outrageously prices appreciated, I don’t see why a 50% fall is so so wide of the mark.

[34f3f3f]

Well I’m not a Realtor so excuse me for barging in but none of you is getting my money just yet. Even if prices do start to appreciate, there’s an assumption that pressure is on to climb aboard. In my case nothing could be further from the truth, as I believe prices are still too high, and whilst there may be owners who are resisting selling, there’s probably a large number equally determined not to pay ridiculous prices. If you look at how outrageously prices appreciated, I don’t see why a 50% fall is so so wide of the mark.

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