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Gold Value of Apartments Sinks

Submitted by Smitty, Jan 4, 2008 19:34

Along with a declining standard of living from the falling dollar Americans can expect to pay more for all imports of international commodities such as fuel & food and expect even more increases in competetion at home in America from foreigners moving here to spend their accumulated dollars (if your foreign neighbors don't want them then you can always spend them in America).

The RE guy who expects a decline in US sales of RE to foreigners is dead wrong, as the dollar loses value abroad the more attractive spending it in America becomes, if you can't spend your millions of US dollars in country X you can always spend them in America. America is still a country where foreigners are allowed to make investments & reap profits-unlike many foreign countries.

Unfortuantely with millions of new voting immigrants not paying taxes & consuming revenues our ability to allow foreigners to reap profits here may be seriously curtailed by "taxing voting mobs" in the very near future.

If I were a foreign US invester Hillarycare and our unfunded pension & healthcare liabilities would scare the crap out of me, I'd be diversifying assets into less bankrupt regions, you wouldn't want to be the last foreign investor stuck with confiscatory exit taxes or even heaven forbid outright confiscatory taxes with not only take 100% of your principal but also an eveer bigger cut of you assets.

Who wants to be a "donor investor" with all their assets served up the mob for taking? (all legal of course)

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Other reader comments on this article

Comment	By	Date
The simplest thing is to move out to Queens, still a part of NYC. Head out on the R, V,... [MORE]	David	Jan 7, 2008 13:26
This article is spot on because of technological progress Gold can now function as a viable currency in daily transactions... [MORE]	jonahtrainer	Jan 5, 2008 00:31
Along with a declining standard of living from the falling dollar Americans can expect to pay more for all imports...	Smitty	Jan 4, 2008 19:34
Schiff hasn't been warning us all in imminent terms as much as he has been warning us about the path... [MORE]	Douglas R. Chuhran	Jan 4, 2008 15:05
Hi Julie, I work for Elliott Wave International and we have been showing the stock market in terms of gold... [MORE]	Katrena	Jan 4, 2008 14:02
Peter Schiff is right, but understates the problem. At the same time as your apartment loses value in real terms,... [MORE]	Jason Fane	Jan 4, 2008 07:31
Peter Schiff has been predicting the end of the world for years now. [MORE]	jg	Jan 3, 2008 11:32
Jg ,s comment is typical of people who cant see the facts because they cant accept the reality of what,s... [MORE]	Rob Davidson	Jan 4, 2008 13:20
You talk about the "Gold Value of Apartments Sink", well I think it is time that you should remember that... [MORE]	Mary Ann	Jan 3, 2008 09:02
Unless your after tax income grows faster than the dollar is losing value, you are likely to experience a continually... [MORE]	Jason Fane	Jan 4, 2008 07:39
First: You seem to think somebody, or some agency, should be watching out for you and watching out for other... [MORE]	Doc Tater	Jan 4, 2008 14:07
well, fair enough, doc. but ouch!i think that you're the one swinging the hammer. (you must live in nyc, yes?)but... [MORE]	teddy	Jan 4, 2008 14:29
Sorry about your situation. There is nothing worse than those who feel they must stay in a high priced area... [MORE]	Fazsha	Jan 5, 2008 14:51

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