European Tribune - Comments - Countdown to $100 oil (46)

Countdown to $100 oil (46) - what's a dollar worth? | 42 comments (42 topical, 0 editorial, 0 hidden)

C'mon, quite bumming me out... (4.00 / 2)

I have a house to sell. Already enough to worry about plunging real estate prices...

Seriously though, USD at 1.4EUR is not at post-BW historical lows against DEM - close, but not quite there.

And, for what it's worth, it's nowhere near historical lows against FRF, which was worth more than 0.25USD for much of the early 1970's (and is worth now more like 0.21USD).

Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Thu Sep 13th, 2007 at 12:25:40 PM EST

Re: C'mon, quite bumming me out... (none / 1)

I think you can buy a decent house cheaper here than in the Sates. Where are you moving to in France?

Hey, Grandma Moses started late!

by LEP (rafifoon@yahoo.com) on Thu Sep 13th, 2007 at 12:53:26 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

I guess the problem is not being able to buy a house in France but being able to sell the US house for more than the outstanding value of the mortgage.

Oye, vatos, dees English sink todos mi ships, chinga sus madres, so escuche: el fleet es ahora refloated, OK? — The War Nerd

by Migeru (migeru at eurotrib dot com) on Thu Sep 13th, 2007 at 01:02:08 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

I didn't realize it had gotten that bad that there was no equity. Where does Redstar live?

Hey, Grandma Moses started late!

by LEP (rafifoon@yahoo.com) on Thu Sep 13th, 2007 at 01:19:56 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

I don't know what redstar's equity is. That was just a general statement about selling a house when prices are going down.

He's in the Twin Cities.

Oye, vatos, dees English sink todos mi ships, chinga sus madres, so escuche: el fleet es ahora refloated, OK? — The War Nerd

by Migeru (migeru at eurotrib dot com) on Thu Sep 13th, 2007 at 01:37:27 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

I'm not worried about that, thankfully. More just worried about the value of whatever assets I have left for buying there - the slowdown hasn't hit there, and we're a year into it here.

Market timing is a bitch.

Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Thu Sep 13th, 2007 at 02:23:48 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

I notice that the asking prices in the 18th of Paris seem to be coming down. This is not scientific; just my observations of the vitrines of the real estate agents. If you want to go out to the country, about 60km, a nice house can be purchased now at in the 2 million+ franc range. I don't know if sales are slowing but I bet it wont be too long before they do.

Hey, Grandma Moses started late!

by LEP (rafifoon@yahoo.com) on Thu Sep 13th, 2007 at 05:13:19 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

Assume you're talking in new francs, huh? (Sure beats old francs, all the older generation down south still speaks in those. Hadn't yet migrated to new francs before those were put to pasture, as they soon will be ;)

Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Thu Sep 13th, 2007 at 05:22:24 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

I have some neighbors who still talk in old francs- everything's in millions. I don't understand it too much; I have to get my wife to translate.
It's funny how many French still express real estate prices in new francs, although I sense that's finally starting to change and we're moving slowly to the euro.

Hey, Grandma Moses started late!

by LEP (rafifoon@yahoo.com) on Thu Sep 13th, 2007 at 06:19:09 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

Try talking real-estate in old francs. Hell, my mother-in-law still talks about consumer items and the days receipts (they're shopkeepers) in old francs. Or salaries in briques, et c. Even I do this last, it's sort of hard not to.

Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Thu Sep 13th, 2007 at 07:22:30 PM EST
[ Parent ]

Re: C'mon, quite bumming me out... (none / 1)

Depends - combination of on where the job market is for me and where the nursing school opening are for my wife (she's finishing prepa this year).

Probably Paris region, Lyon region or Grenoble/Annecy/Geneva region.

Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Thu Sep 13th, 2007 at 02:22:01 PM EST
[ Parent ]

Countdown to $100 oil (46) - what's a dollar worth? | 42 comments (42 topical, 0 editorial, 0 hidden)

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