Iceland Offered Emergency Loan to Shore Up Krona - NO MORE ICELANDIC BUYERS!

eah: about 3 months ago

steve, you know that iceland was hurt not because they bought into the NYC market but because they over invested in the nonsense products. I am sure you read The Economist article on this.

stevejhx: about 3 months ago

I hated that show.

JuiceMan: about 3 months ago

I've never been totally sure steve. Since I was a kid, Fonzie always had a weird impact on me. Been in therapy for years about it.....just something about that leather jacket. Hasn't been much of a problem until I asked my wife to call me Richie during sex.

stevejhx: about 3 months ago

At least we can get some humor on this board!

tenemental: about 3 months ago

I hope Apt_Boy is wrong. I was hoping to pick up Bjork's big black yacht for cheap at the forclosure auction.

stevejhx: about 3 months ago

JuiceMan, you seem to have a lot of inside information regarding the baths. Sure you're not gay?

JuiceMan: about 3 months ago

steve, I hear steam baths in Reykjavik are great for reducing man tits. You may want to give it a go.

Apt_Boy: about 3 months ago

On this one you are wrong...the Krona is stonger on this news US$1=74 krona vs 80 krona 2 days ago...so the Icelandic buyer will need less Krona today to buy that same apt, ergo making it 8% cheaper than 2 days ago

stevejhx: about 3 months ago

May 16 (Bloomberg) -- Iceland was offered an emergency loan by the central banks of Denmark, Sweden and Norway to shore up the krona and avert an economic collapse.

http://www.bloomberg.com/apps/news?pid=20601087&sid=apFhpvNXACf8&refer=home

What will this do to the price of real estate in Manhattan?

All of those foreign buyers, now out of the market!