I have an investment(recent) in one of those REITs mentioned on wikipedia. Whilst I am unsure about the dollar ( but would hold more of a contrarian view on its future value) , it is hedged in that the REIT has a large international exposure.
Michael.........might be an interesting day to watch the US stocks. The jobs report came in good and seems like there is alot of pre-market activiy.
An interesting article on Bloomberg as background to above www.bloomberg.com/apps/news?pid=20601103&sid=aUA7tGpsmAPc&refer=news . Also for those looking for growth area’s in the market ,courtesy of tyoung www.nytimes.com/interactive/2007/08/25/business/20070826_HOUSING_GRAPHIC.html#
At the moment the weaker US$ is making US MNCs very competitive in the global market
For non US the US$ is cheaper but residential property carries alot of taxes in the US
I am a licensed realtor in the state of Arizona in the USA. My company specializes in investment properties all over the United States. We seek out only properties that make sense from an investment perspective, and avoid the areas that are struggling - like Florida. If you're interested in discussing properties in the US that are structured for positive monthly cash flow without any questionable temporary incentives, please feel free to contact me at mteneyck@reww.com. I would also be glad to offer more information via this thread if you're interested. My company also arranges financing and can help you with your US Visa status.
From The New York Times.
http://www.nytimes.com/2007/12/23/b...em&ex=1198731600&en=adb997dd0bbe41fd&ei=5087
Message = steer clear. The place is gone down the pan and there is further to go. I feel quite sorry for the people caught up in this mess. All those shattered dreams. One moment you are on top of the world, living the dream, and believing the hype, everything is going well.
The next moment you are staring into an abyss
Murt
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