£ reaches $2 today
Jun 25th 2007, 10:43 am
#31
BE Forum Addict
Joined: Jun 2007
Location: UK-Indonesia-US
Posts: 1,828
Re: £ reaches $2 today
Jun 25th 2007, 1:11 pm
#33
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,105
Re: £ reaches $2 today
That's what I'm waiting for. Most of the properties I saw in the New Year are still for sale. I'm hoping by autumn prices will have come down...or maybe I will wait until early next year when hopefully the sellers will be desperate.
Jun 26th 2007, 1:10 am
#41
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: £ reaches $2 today
i think you will be in good shape. Me losing out on 5k of taxable virtual profit it not that big of a deal in the grand scheme of things. Paying a 1k per month mortgage for the next year while the value is simultaneously going down is...
Jun 26th 2007, 1:23 am
#42
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,105
Re: £ reaches $2 today
The exchange rate is the bummer at the moment and I can't see it improving any time soon. When you're talking property prices it can amount to the loss of a lot of brass. What you win in one hand you lose in the other.
Jun 26th 2007, 3:31 am
#43
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: £ reaches $2 today
Maybe I should take on a second job to save for a property in the UK after the kids are grown. I hear the oldest profession in the world pays well and it'd fit into my schedule since I have a day job....
Jun 26th 2007, 4:03 am
#44
Mr. Grumpy
Joined: Jun 2003
Location: Nashville, TN
Posts: 3,100
Re: £ reaches $2 today
should give you at least a decent chunck to put down...
Jun 26th 2007, 4:15 am
#45
Lapine Member
Joined: Nov 2004
Location: Austin, Texas in my own little world
Posts: 21,691
Re: £ reaches $2 today
Husband is NOT entrepreneurial; neither am I, but I'm more so than he!
