Reply To: Warning from Moneyweek!



Yes I think you are right when you say vendors want it both ways,I would its human nature, but many of the brit vendors are old and infirm and haven’t had it explained to them properly and basically dont undersatnd the fx thing,many bought years ago with the peseta and still stand to make lots of money.
On the other hand you’ve got the people who bought recently who are in negative equity if they reduce.
Alltough we only bought last feb I was lucky enough to have most of the money in euros from 2007 at 1.52 otherwise we would have turned tail, I was so near bringing the money back last christmas.

As Katy says I cant see any brit buying at the moment, but the euroland people will soon be back in force picking up the bargains.