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Currency speculators & etc. fleeing the euro for the "safe haven" of the CHF aren't about to tie-up the money buying real estate.  Nor are they going to take their newly purchased CHF and buy Hungary -- whose real estate has all too much exposure to the CHF.

Currency speculation is a business and like any business the business stays in the business it is in.  Nobody expects MicroSoft to take it's billions o' bucks Cash Reserve and buy coal mines in the Ruhr but idiots some people think Deutsche Bank will get into the Real Estate Management business?

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon Oct 3rd, 2011 at 11:58:54 AM EST
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Given that actual mortgage lenders avoid real estate management like the plague (hence the huge foreclosure backlog here in the US), no one with two brain cells to rub together would expect anyone else to jump into that game.  Which means there are a lot of people out there with just one brain cell.  At most.
by rifek on Wed Oct 19th, 2011 at 02:33:09 PM EST
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