--- In FairfieldLife@yahoogroups.com, akasha_108 <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, off_world_beings << > > Are you implying such nationalities are stupid and will buy homes 30% > above prevailing market rates (if a bubble burst occurs). I thought > only certain eccentric Brits were that bonkers. :)>>>
Why not, we do it all the time in other countries that are poorer than us. Someone from a rich country doesn't really care if the house costs $10,000 and is only worth $7,000 to sell it again. If your theorized crash occurs then that makes the US poorer than some other countries who will be perfectly happy to buy property at the meagre prices they are seeing, wether there is a prevailing lower market rate or not. In fact, this very effect will be enough to keep house prices rising. We live in a global economy. The nouveau rich in Russia or Canada will come and buy your cheap little $300,000 dollar house in Boston. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
