Monday, March 26, 2007

The Dollar is a Concern


My wife Lynda and I are getting ready for a move to Italy in two years when we retire. We have been traveling to Sarnano, Italy and looking for property. We almost bought a house in November there but the dollar tumbled and has continued to tumble recently. This house had everything we were looking for in a place there. It was even furnished. We got approved for a mortgage and I think we could have afforded it since the price was right. Unfortunately the US government has made it impossible at this time to purchase with the dollar being $1.33 to the Euro. One year ago it was around $1.19. That is quite a change. We might have to change our plans and purchase a cheaper apartment instead of a single home. We have done lots of research but need to take more time. Hopefully in two years the Democrats will have rectified this situation. Perhaps we will not be spending billions on war also. God bless the troops but bring them home soon.

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