Wednesday, July 25, 2007
Commercial Real Estate & Cheap Dollar
The Euro just hit $1.40!!!! This trend is not going to change for a while. That makes US real estate very attractive to those with Euros. Read Pat Kitano's blog for more info on how this affects commercial and high end residential real estate (transparentre.com). On a personal note, I bought a Spain condo back in 2001 when the Euro was $.85!!!! I should have bought a whole block. Oh well, next cycle.