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Iceland Offered Emergency Loan to Shore Up Krona - NO MORE ICELANDIC BUYERS!

Started by stevejhx
about 18 years ago
Posts: 12656
Member since: Feb 2008
Discussion about
May 16 (Bloomberg) -- Iceland was offered an emergency loan by the central banks of Denmark, Sweden and Norway to shore up the krona and avert an economic collapse. http://www.bloomberg.com/apps/news?pid=20601087&sid=apFhpvNXACf8&refer=home What will this do to the price of real estate in Manhattan? All of those foreign buyers, now out of the market!
Response by Apt_Boy
about 18 years ago
Posts: 675
Member since: Apr 2008

On this one you are wrong...the Krona is stonger on this news US$1=74 krona vs 80 krona 2 days ago...so the Icelandic buyer will need less Krona today to buy that same apt, ergo making it 8% cheaper than 2 days ago

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

steve, I hear steam baths in Reykjavik are great for reducing man tits. You may want to give it a go.

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Response by stevejhx
about 18 years ago
Posts: 12656
Member since: Feb 2008

JuiceMan, you seem to have a lot of inside information regarding the baths. Sure you're not gay?

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Response by tenemental
about 18 years ago
Posts: 1282
Member since: Sep 2007

I hope Apt_Boy is wrong. I was hoping to pick up Bjork's big black yacht for cheap at the forclosure auction.

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Response by stevejhx
about 18 years ago
Posts: 12656
Member since: Feb 2008

At least we can get some humor on this board!

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

I've never been totally sure steve. Since I was a kid, Fonzie always had a weird impact on me. Been in therapy for years about it.....just something about that leather jacket. Hasn't been much of a problem until I asked my wife to call me Richie during sex.

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Response by stevejhx
about 18 years ago
Posts: 12656
Member since: Feb 2008

I hated that show.

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Response by anonymous
about 18 years ago

steve, you know that iceland was hurt not because they bought into the NYC market but because they over invested in the nonsense products. I am sure you read The Economist article on this.

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