Real Estate Crystal Ball

Looking through local writings on other blogs, I found a piece posted from Charles Kraus, one of the Annapolis real estate agents.

Quoted from: http://activerain.com/blogsview/546752/Good-Day-Sunshine

All countries peg their currency to the dollar and a weak dollar means we as a nation need more of our dollars to buy foreign goods including oil, hence the higher prices for oil.

Continuing on down the line…

“Not being able to predict the future with my crystal ball, (and who truly can?) it would appear that it may be a good time to buy a home now before inflation raises both mortgage rates and home prices.

What do you think and what are you seeing in your crystal ball out there?”

Well, in my crystal ball it looks like we have someone trying to pitch misleading information on the financial world. The fact of the mater is the strength of the American dollar has little to do with gas prices. The real effect on the international is coming from 2+ billion people in China, India and Russia are coming online as middle class. The rest of the world wants a slice of the American dream.

To keep things this simple is really misleading, or at least ignorant. Sorry Mr. Kraus, I see you are pushing housing sales on peoples’ fears of raising interest rates. Wouldn’t it be better to have people read “The World Is Flat” and help them shore up their finances to be a truly qualified customer?