I'm a mortgage broker / real estate broker in Florida since 1989. Given the current value of the dollar, and the depressed real estate market, do you think investors from the UK would be interested in funding mortgages in the US? The way I see it, buy US dollars today, use them to fund a mortgage secured by real estate, and get paid back with tomorrow's dollars. Of course any mortgages would be underwritten to acceptable levels of risk - independent property appraisals, comprehensive credit histories, etc....

I have no experience in foreign exchange, so any thoughts would be appreciated.

Thanks,
Jim

SOunds like a pretty good deal...right now but I would think that you would want to be careful and watch the markets. Just in case.

To be honest - no.

The US market is still falling, so better to see where the bottom ends first. Otherwise there's a very serious danger of buying cheap, but in an investment that accrues little.

We by no means have seen the end of the sub-prime market collapse. In fact, some would say we're only looking at the beginning...

True but remember that 2008 is a Presidential election year. A great deal is about to change there, consumer confidence will be shifting no matter who wins.

Maybe, but consumer confidence in terms of spending surely doesn't negate the current problem of subprime mortgages being rampantly badly sold, and the impact of this overall?