Why is everyone talking about the Dollar?

Why is everyone talking about the Dollar?

 

This question is only half rhetorical. Everyone in Israeli real estate speaks about the dollar (US) because more often than not real estate here is traded in dollars. (A few months ago I explained that a portion of the rising real estate values in Israel is the weak dollar. The market has adjusted to shekels, only it doesn't know it.)

 

OK, so we watch the dollar and love to hate it, and all in all we can do almost nothing about it. Can it help you make money? Maybe it can. We're always thinking about dollar-shekel exchange rates, but banks in Israel also make loans based upon the Euro. Maybe we should ask: how come nobody talks about the Euro?

 

The astute investor can make a fortune by doing a Euro-Dollar play. Even if you don't have suitcases full of money, if you consult with an Israeli mortgage expert, you can make the bank's money work for you instead of you working for the bank's money. You can refinance your home several times to take advantage of the market fluctuations. Your typical mortgage bank manager, to say nothing about the mortgage clerk, won't be able to understand this, so don't waste your time talking to them about it.

 

Let's take a quick historical look at the Euro-Dollar exchange rates:

 

As of today, the Euro is even a little higher than this chart shows, at 1.4234 dollars, its highest rate ever against the dollar. Why is the Euro strong? What industrial advances has Europe brought about in the past four years? Where is the wealth has Europe created to fuel economic growth? Where are Europe's advances in science that promise the next generation of economic growth? They are all non-existent.

Mortgage Israel

 

To put this in layman's language, the Eurotard's have already regulated themselves into stagnation and are about to over-regulate themselves into irrelevancy. Between the greentards and the pinktards and their islamofascist allies, Europe's impending doom has been all but promised. Science has been replaced by voodoo fear-mongers, industry has been replaced by regulations and business has been displaced by the hijab.

 

There is no way that this euro-dollar rate can continue for long. Within three years I expect the dollar to gain strength against the Euro.

 

Can Shlomo mortgage-holder benefit from this? Definitely!

 

We have a few different methods, it will be different for each mortgage-holder. Most of these methods will involve slightly higher payments in for the next few years, while the amount of principal that you owe the banks shrinks like a grape left out in the August sun.

 

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