Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
posting it there.

Great diary. Depressing reaction over there.

The good news - my house in on the market officially now. Man am I sore from all the painting, re-wiring and staging I have had to do...

Word to the wise out there in the US - if you are thinking of buying a home, now is the time. A year from now, perhaps earlier, those interest rates you see today? It'll be decades before you see them again. If you think you can get financing (tougher today, but not impossible if you've good credit and income) and you know you're going to be staying put in your area for a minimum of seven years, do it NOW.

Because if you think that home you want to buy will be worth 30% less a year from now than it does now, all you have to do is run that mortgage payment on the 30% discounted house with a 12% interest rate to see you still will be paying significantly more.

And those interest rates will be going there. There are limits to how much a central bank can print money. Even the US fed.

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Mon Mar 17th, 2008 at 12:20:25 PM EST

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