Monday, March 28, 2005

The Housing Bubble Got Curbed

We had some new visitors to this blog today, thanks to the good people at Curbed. The link is greatly appreciated. And I love their model of having a blog sponsor, in their case the New York Times. Well done guys!

The THB would love to hear from potential advertisers; are ya' listening Foreclosure.com?

3 Comments:

At 8:08 PM, Blogger mspenelope said...

3/28/05
Hi Ben,
You mentioned keeping your money in Swiss Francs.
You also said "If things get hairy I would probably pull out of all banks."
Did this include the Swiss Banks? If so...how would you keep your money? In a cashiers check(thru what bank?)...cash under the pillow ....? (not trying to be funny...just trying to prepare myself)
I noticed that banks started to raise the CD interest rates several months ago. World Savings offered 3.01 APY for 6 months.
BIG clue that the banks all knew what was to come....why else would they be offering to pay higher interest rates if they didn't know? Then approx. a month ago World Savings offered 3.45 APY on a 6 month CD.
Do you think it might be possible that they are trying to sucker people in with these rates only to keep their money when "things get hairy?"
Am I being paranoid? How much interest are Swiss Banks paying?
Thanks for all the help on your blog!

 
At 9:04 PM, Blogger Ben Jones said...

Well the US accounts don't pay a lot but the CD's are comparable. I expect we can get out before the banks close, Ms. P., we are savy enough for that.

I stay short term. Simple. They aren't paying you enough to go long.BTW: Everbank isn't Swiss, its US...Ben

 
At 12:36 AM, Blogger Dan said...

I placed some of my money in a New Zealand bank, directly in NZ, paying about 6.5% interest, plus the dollar depreciation obviosly.

I did not do that out of any great investment skills, it was pure luck as I needed to move funds over there for residency requirements.

Now with interest rates starting to go up, I would expect the dollar to actually strengthen possibly. But what do I know? :)

 

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