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Re: paultaut's comments: Europe has been and will continue to struggle with the same housing issues as we do. I have been reading 'International Living' for a couple of years now. Spain began to suffer about a 1 1/2 years ago. I also follow Great Britain. They began to struggle about 7 or 8 months ago. Germany's issues of stagnant growth are well known as are the issues with Banks throughout Europe. (Most recently Ireland and England..)
Aug 12 16:36 pm
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All Comments by Urbane Gorilla! »Is the Buck Really Back? [View article]
Where there is still growth in home values seems to be South America. (Panama and Brazil in particular).
It would seem to be still true that our problems affect the remainder of the world. If our issues continue to depress the rest of the world's economy, then I'd watch South American home values as a 'canary' and expect that commodity driven continent to follow suit.
jegan ;-)