<p>With The French vote yesterday, I predict a rise in the dollar…it’s been fairly low for awhile. (shucks, doesn’t help me)</p>
<p>Go France! It’s become obnoxiously expensive for Americans in Europe.</p>
<p>Just heard, they are lowering the Euro just like the US did awhile ago. They are losing money…too bad for me. To the bank tomorrow.</p>
<p>If you pretty sure, short the Euro, make some money so you can pay for college without having to sell one of your kidneys(j/k). I saw this joke in some newspaper regarding paying for college. I did not make it up!</p>
<p>On the flipside, it’s insanely cheap for Europeans in the US… :)</p>
<p>I really, really hope the dollar goes up! It has fallen so much since we moved to Germany that things seem ridiculously expensive. I have been in the states for a few weeks, and leave on Friday with suitcases packed to the brim. Not just full of foods and items we can’t get there, but also things that are so much cheaper here.</p>
<p>But the biggest fallout for us personally has been the lack of visitors! If the dollar rises, then maybe somebody will come see us.</p>
<p>Cheap for the Europeans is bad for the Americans in Europe, ie traveling. I’ve been holding back my plans for travel to Europe for 5 years now. We used to visit every other year and staying at luxury apartments, but now I guess we have to stay at the equivalent of Motel 6.
And the Europeans use the strength of the Euros to buy and drive up house price in Miami, etc…Therefore more bubble to the real estate market here. Before the falling of the dollar, goods in US are already cheap compare to Europe, even for the exact same item, now it’s must be dirt cheap, so I do sympathesize with you. I would load up too.</p>
<p>The cheap dollor is very good for American manufacturers. It makes American goods less expensive to foreign countries. I don’t know about Miami but home prices are not going up because of the dollar. The down side of the falling dollar is that the Chinese government pegs their currency to the dollar. As the dollar becomes cheaper so does the Chinese currency. This means their manufacturers also do better. I hope Congress and the Prez. can put enough pressure on China to disengage in currency and let it float as most other major currencies do.</p>
<p>bigmain, one of the reasons, not all the reasons. I read an article that British people take advantage of the cheap dollar and are buying a house in Miami, demand and supply usually is what drive up prices. Normally the working class in England can’t afford that but now they can and that was my point.</p>
<p>Like I said, I don’t know much about Miami. Given the distance from England to America, however, I seriously doubt the British are having that much of an effect on our nations housing prices. If the working class is now able to afford two or more homes, I would be shocked. They would not be working class any more despite the difference in accents between the British upper class and working class. A combination of rising population and tougher environmental controls on land development and low/stable mortgage rates are more likely to be what is causing the price increase.</p>
<p>Well, that is the point. The article features 2 sisters got in together on a condo in Miami. The strong Euros helped them made the decision. The way I see it, normally these people wouldn’t be able to, now they can because of the strong Euros, so now there are more people that can purchase house in Miami given the normal supply/demand. In fact, in a different article, they said Germans also bought a lot of house in Palm Beach thanks to the strong Euros.</p>
<p>Guten Tag,
The front page of the Stars and Stripes (US newspaper overseas for US military and Civilians) stated, “Euro hits 7-month low against the dollar.” The article referred to the “No” vote of the French and the impact of the vote on the Euro. Maybe those of us living and working overseas and paid in dollars may see some relief from the strong Euro and weak dollar. We shall see…</p>
<p>short term fluctuations are unpredictible, but long-term the weight of the trade imbalance will force the dollar further down.</p>
<p>I hope you are right!</p>
<p>Go America!!! Kick The Euro"s Butt!!</p>
<p>The real kick in the pants was a rumor in a German magazine that Germany might considering withdrawing from the EMU, the mechanism of the common currency. Although I don’t see that happening, the euro would drop if it ever did occur.</p>
<p>SusieQ: I live in downtown Miami, and can confidently tell you that European immigration is not a notable factor in the condo boom.
Seiously, common sense can dictate that not many people will buy such large (usually $o.5M+) purchases at the event of a discount afforded through currency prices, especially if it would entail such drastic decisions as leaving the home country. Further, consider that the Miami condominium market is already selling at a huge premium in relation to comparable places in Europe, perhaps completely erasing any discount through currency differences!</p>
<p>foxdiel, I don’t think she meant they were buying those condos as their primary homes. In fact SusieQ is quite correct, wealthy Europeans and others (asians in particular) have taken full advantage of the weak dollar by buying up properties in many US towns from NY to SF to Miami. They have also bought in high end ski areas in places like Colorado.</p>
<p>These are second (or third…) homes and great investments. However, don’t look for most of them in the half million condos, they are buying up high end property,</p>
<p>zagat, is right! It’s for second home because these people vacation frequently in Florida. I’m not sure if it’s Miami, but I do have a very good memory and do retain most things I read, not 100% but pretty close. The article I read, did mention they were working class and not upper class Europeans, because those upper class people probably would buy in Palm Beach.</p>