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Spain Declares 2-Year Moratorium on Evictions Following Suicides

By Mish   Follow   Sun, 11 Nov 2012, 9:37am   1,276 views   21 comments
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Spain Declares 2-Year Moratorium on Evictions Following Suicides; Policy Will Blow Up Policy Will Blow Up Spectacularly
http://globaleconomicanalysis.blogspot.com/2012/11/spain-declares-2-year-moratorium-on.html
Mish

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1. coriacci1 Follow Befriend (1) 65 threads 266 comments

   1   9:58am Sun 11 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike   Forget the international bankers they’ve sucked out enough blood already worldwide! In Spain, they don't rumba to the banquero's beat http://www.youtube.com/watch?feature=player_embedded&v=Wv5dh8v7mDs time for a jubilee year! cancel all unpayable debts and breathe some life back into the world!

2. zzyzzx Follow Befriend (9) 410 threads 4,107 comments Baltimore, MD

   2   6:21am Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   Hot Deal alert!!! Free rent in Spain for 2 years!!!

3. lostand confused Follow Befriend (9) 159 threads 1,525 comments Premium

   3   6:23am Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   Ok, it appears they are stopping evictions on mortgage holders who stop paying the mortgage for two years. How is that different than here-at least here it is upto the bank and they base it on the size of the hit they would take on their balance sheet as opposed to keeping it on the balance sheet at mark to fantasy. Isn't Spain ruled by the conservatives?

4. BobMSN Follow Befriend 3 threads 98 comments

   4   6:44am Mon 12 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike   It is a tragedy that someone takes such an extreme action. It should be investigated if any law was broken. But the policy and the order of the society should not be determined by the isolated case. A few years ago, someone committed a suicide by flying to IRS building. Should IRS stop collecting tax for two years?

5. lostand confused Follow Befriend (9) 159 threads 1,525 comments Premium

   5   8:25am Mon 12 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike   Protected   BobMSN says A few years ago, someone committed a suicide by flying to IRS building. Should IRS stop collecting tax for two years? Yes, that would be very good.

6. New Renter Follow Befriend (3) 13 threads 2,188 comments San Jose, CA Premium

   6   8:39am Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   I hear students get straight A's for the semester too. Free rent and perfect scores - what's not to love?

7. Quigley Follow Befriend (6) 17 threads 515 comments Huntington Beach, CA

   7   8:51am Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   Same thing been going on here for years. I guess Spain decided to use some of our American Kool Aide to make their sangria.

8. FortWayne Follow Befriend (13) 102 threads 3,759 comments

   8   10:01am Mon 12 Nov 2012   Share   Quote   Permalink   Like (3)   Dislike   All economic pain of this nature is a failure of society to govern itself properly. By stopping foreclosures, they are putting a temporary band aid on the pain, but it is no long term solution.

9. BobMSN Follow Befriend 3 threads 98 comments

   9   10:07am Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   If someone is addictive to drugs, the most comfortable way to reduce the pain is to give him more drugs.

10. robertoaribas Follow Befriend (23) 55 threads 3,747 comments Scottsdale, AZ robertoaribas's website

    10   10:10am Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   Misguided of course, but Probably not much worse than most us judicial foreclosure states....

11. ja Follow Befriend 1 threads 34 comments

    11   11:44am Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike   (As the Spaniard in the list) - Yes, Spain is being ruled by conservatives, but they are also sensitive to the people's social pressure. - Believe it or not, culture still matters, and people have the mentality of their house as their life project. Just like that German millionare who committed suicide just for loosing a few millions. - Now evictions are beginning to affect the good old middle class. So far, it has been mainly for the immigrants that came as construction employees. - Unfortunately, there is not a non-recourse system. People has to pay for their debts till they die. - Working class (non-skilled) incomes

12. ja Follow Befriend 1 threads 34 comments

    12   12:09pm Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   btw, in case is not clear. the evictions will be suspended only into cases of 'extreme necessity'. Of course, this is to be defined later as politic games find convenient. I'd say you can do worse things as a safety net policy.

13. IDDQD Follow Befriend 22 threads 409 comments

    13   12:30pm Mon 12 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   ja says the evictions will be suspended only into cases of 'extreme necessity'. "From each according to his ability, to each according to his need" (c) Karl Marx

14. FortWayne Follow Befriend (13) 102 threads 3,759 comments

    14   12:38pm Mon 12 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike   IDDQD says ja says the evictions will be suspended only into cases of 'extreme necessity'. "From each according to his ability, to each according to his need" (c) Karl Marx "From each according to his ability, to each according to his government connections". - Our system. Don't like either slogan, collectivism is full of crap, and so are the political fraudsters.

15. ja Follow Befriend 1 threads 34 comments

    15   12:39pm Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike   IDDQD says ja says the evictions will be suspended only into cases of 'extreme necessity'. "From each according to his ability, to each according to his need" (c) Karl Marx Wasn't this Obama? Actually, it may have been Romney as well.

16. ja Follow Befriend 1 threads 34 comments

    16   1:05pm Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike   "From each according to his ability, to each according to his government connections". - Our system. So are you for a flat tax system?

17. bgamall4 Follow Befriend (14) 742 threads 2,558 comments 63 male Las Vegas, NV bgamall4's website Premium

    17   10:33am Tue 13 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike (1)   Protected   Mish would put his two bits in that this won't work. Some things trump economics Mish.

18. IDDQD Follow Befriend 22 threads 409 comments

    18   11:39am Tue 13 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike (1)   bgamall4 says Some things trump economics ... ... until they don't.

19. Entitlemented Follow Befriend 4 threads 178 comments Goleta, CA

    19   11:12pm Tue 13 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike   Well my forefathers and mothers lived in caves, had no starbucks, and they could kill democrats on the spot without insulting the neigboring tribe. They had low HOA fees and could hunt within meters of their cave entrance. We did not have "homes" until about 2000 bc. Why kill yourself over something like losing your home?

20. thomaswong.1986 Follow Befriend 14 threads 2,812 comments

    20   8:46am Wed 14 Nov 2012   Share   Quote   Permalink   Like   Dislike   lostand confused says sn't Spain ruled by the conservatives? Don José Luis Rodríguez Zapatero is a member of the Spanish Socialist Workers' Party (PSOE). He was elected for two terms as Prime Minister of Spain, in the 2004 and 2008 general elections. On 2 April 2011 he announced he would not stand for re-election in the 2011 general election. After the crushing defeat his party suffered in the elections, he left office on 21 December 2011. http://en.wikipedia.org/wiki/Jos%C3%A9_Luis_Rodr%C3%ADguez_Zapatero Mariano Rajoy Brey is the current Prime Minister of Spain, appointed since 21 December 2011 and is chairman of the People's Party since 2004. http://en.wikipedia.org/wiki/Mariano_Rajoy

21. bgamall4 Follow Befriend (14) 742 threads 2,558 comments 63 male Las Vegas, NV bgamall4's website Premium

    21   9:44am Thu 15 Nov 2012   Share   Quote   Permalink   Like   Dislike   Protected   Entitlemented says Well my forefathers and mothers lived in caves, had no starbucks, and they could kill democrats on the spot without insulting the neigboring tribe. They had low HOA fees and could hunt within meters of their cave entrance. We did not have "homes" until about 2000 bc. Why kill yourself over something like losing your home? Say what?