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Dollar vs. Euro and NYC

Started by mickbcm
almost 18 years ago
Posts: 19
Member since: Oct 2007
Discussion about
FX Question: (I assume the answer is not that simple) The Euro is now trading at $1.52 vs. $1.18 02/28/06. If some European bought an apartment 2 years ago (buying a US asset with Euros) would they need a 28% property appreciation in order to break even on whatever monies they put down?
Response by zizizi
almost 18 years ago
Posts: 371
Member since: Apr 2007

Give or take. On the other hand, their maintenance is getting cheaper. It'll flip soon given what the European bank is doing to itself.

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Response by Oxymoronic
almost 18 years ago
Posts: 165
Member since: Dec 2007

More pertinently, if house prices are up 10% in USD terms, their down 18% in EUR terms so Manhattan looks even cheaper to the Eurotrash.

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Response by JuiceMan
almost 18 years ago
Posts: 3578
Member since: Aug 2007

Does smallmj stand for small minded jerkoff?

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