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Originally Posted by goober
Except that they get paid in pounds not dollars, so if a guy is making the same salary he was when the pound was a buck, he's doubled his pay in dollars.
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If they could buy American gas with British pounds this would make sense. Otherwise it is completely irrelevant. When was the Pound equal to a buck?
1993 1P = $1.50
2008 1P = $1.99
That's a 33% increase...not exactly doubled huh?
Historic Exchange Rates
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Originally Posted by goober
A friend of mine talked with a real estate agent in the mountain region of New Hampshire last week, he said he's sold more vacation homes to British people this year than to Americans...
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Suckers. Don't they know we are in a declining market here?
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apparently the British can hardly believe how cheap real estate has become in the US.
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Have you checked real estate prices in London? When I moved from Chicago back to the land of cotton I couldn't believe how much house I could buy either. It's all relative. And I remember when the Japanese were buying up an "on sale" America also. How'd that work out for them?