STRONG DOLLAR! Buy in USD, Sell in EUR!
My Freshman year of college, a friend of mine on the ski team coined the phrase “The Fromage Factor” to describe the dent a semester of foreign study would put in an athlete’s level of fitness.
And back then, a few months surrounded by rich, creamy foods, multiple-course meals, and food priced in “dollars” that only cost 89 cents could do some damage.
But the other day, another friend of mine returned from travel abroad some fifteen pounds lighter. To the glee of exporters and the dismay of xenophobic homesellers, the dollar has been very very, weak. And this has not gone unnoticed on either side of the Atlantic.
But check out the trend over the past few weeks. Despite some serious economic speed bumps in our future, the dollar seems to be accruing value against the Euro. What to do? Buy it now and then unload it in Euros, before the US government has to print its way out of the credit crunch. It’s the next wave in moving real estate: the Forex Flip!
175 Comm Ave #D
Back Bay, MA 02116
2 beds, 2 baths
1,940 sq. ft.
$2,190,000
Euro Price 6/6/08: 1,388,898
Euro Price 8/15/08: 1,491,828
64 Commonwealth Ave #9
Back Bay, MA 02116
0 beds, 1 bath.
595 sq. ft.
$419,000
Euro Price 6/6/08: 265,730
Euro Price 8/15/08: 285,422
69 Pinckney St #2
Beacon Hill, MA 02114
2 beds, 2 bath
1,001 sq. ft.
$839,000
Euro Price 6/6/08: 532,094
Euro Price 8/15/08: 571,527
Salem Under $300k- With a View
