Fed up with flawed logic that says foreigners will bail nyc RE out

Repeat after me: a falling dollar makes for attractive US assets only if the dollar STOPS falling.

Once I own the asset, foreigner and American alike a falling dollar makes for a badly performing $ asset that I – as a foreigner – will lose money on (in fx terms) when I come to sell or monetize through rent or whatever.

A steady and sustained decline in the dollar is not good for foreign investors.

Any ideas what the outlook for the $ is over the next few years?? Anyone????

By guest | 10/26/2007 7:25 PM