Brits who bought in Spain


By elliemae   Follow   Mon, 21 Feb 2011, 5:31am   1,713 views   20 comments
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I guess that Spain is (was) the place to move if you wanted a lavish lifestyle on a budget. But the crash is there and it affects those people who were living the high life a few years ago....

http://www.dailymail.co.uk/news/article-1359029/Spains-villa-values-HALVED-UK-immigrants-afford-come-home.html

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  1. lurking


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    1   11:53am Thu 5 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    PockyClipsNow says

    Here in LA I know of a mentally retarded guy who lives in a brand new 2 bed lux apt funded by taxpayers, he cant work. I live in a crappy old 1 bedroom and work everyday. nice system we got here.

    I doubt that the entire "lux apt" as you call it is funded by the taxpayer. Maybe he's a section 8 tenant and there are a few units set aside, or his family has set up a special needs trust for him and he pays the full rent charged. Several cities in California such as SF, Oakland, Berkley, Pasadena, L.A., Monrovia, etc., require that a certain percentage of the units be set aside for low or very low income housing in order to get the permits to put up new construction. Some of those units have to be handicap friendly inside as well with lower counters, larger hallways, bathrooms, etc.

    As Bigsby sarcastically says........How shoking that society helps someone with a severe disability.

  2. thunderlips11


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    2   1:37pm Thu 5 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike  

    ... have seen their home values go down the drain.

  3. bubblesitter


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    3   7:23am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike  

    I guess they need some wealthy Chindians to move in. :)

  4. bubblesitter


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    4   7:32am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike  

    Oh, did I forget to mention Spain has the highest UE rate in Europe? Whopping 20%.

    http://en.wikipedia.org/wiki/Economy_of_the_European_Union#Unemployment

  5. dunnross


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    5   8:45am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike  

    bubblesitter says

    Oh, did I forget to mention Spain has the highest UE rate in Europe? Whopping 20%.
    http://en.wikipedia.org/wiki/Economy_of_the_European_Union#Unemployment

    That's efficient price discovery for you! Free market at work. Not like what we have here, with all the govt artificial support of the housing market.

  6. bubblesitter


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    6   9:06am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike  

    dunnross says

    bubblesitter says

    Oh, did I forget to mention Spain has the highest UE rate in Europe? Whopping 20%.

    http://en.wikipedia.org/wiki/Economy_of_the_European_Union#Unemployment

    That’s efficient price discovery for you! Free market at work. Not like what we have here, with all the govt artificial support of the housing market.

    Well, this can go a long way to make our bulls better understand the economics(if they wanna)!

  7. dunnross


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    7   9:31am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike  

    bubblesitter says

    dunnross says

    bubblesitter says

    Oh, did I forget to mention Spain has the highest UE rate in Europe? Whopping 20%.
    http://en.wikipedia.org/wiki/Economy_of_the_European_Union#Unemployment

    That’s efficient price discovery for you! Free market at work. Not like what we have here, with all the govt artificial support of the housing market.

    Well, this can go a long way to make our bulls better understand the economics(if they wanna)!

    Yes, and there were plenty of aristocrats in Spain too. Not only Brits were buying. I know lots of Russian oligarchs bought there too, with plenty of petro-dollars falling out of their pockets. But, in the end, even that didn't stop the price from crashing.

  8. justme


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    8   7:29pm Wed 4 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    More on Spain today from patrick.net links, expecting more than 12% drop in prices in 2012.

    http://www.bloomberg.com/news/2012-04-01/mortgage-column.html

  9. xenogear3


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    9   8:57pm Wed 4 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    This is what you get for speaking different language.

    India and China don't speak Spanish.
    Also Spain doesn't give green card if you buy a house.

  10. PockyClipsNow


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    10   9:59am Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    I LOVE this quote from the brit lady:

    ‘As for help from the government there is nothing. If I was in England I would get help with the council tax and pension credits, but because I am in Spain there is nothing. They don’t hand out anything for free here - it’s terribly depressing.’

    I should move to spain! It seems like rent/house prices are not supported by thier governemnt giving all poor and/or liars free money.

    Here in LA I know of a mentally retarded guy who lives in a brand new 2 bed lux apt funded by taxpayers, he cant work. I live in a crappy old 1 bedroom and work everyday. nice system we got here.

  11. Bigsby


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    11   11:22am Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    PockyClipsNow says

    I LOVE this quote from the brit lady:

    ‘As for help from the government there is nothing. If I was in England I would get help with the council tax and pension credits, but because I am in Spain there is nothing. They don’t hand out anything for free here - it’s terribly depressing.’

    I should move to spain! It seems like rent/house prices are not supported by thier governemnt giving all poor and/or liars free money.

    Here in LA I know of a mentally retarded guy who lives in a brand new 2 bed lux apt funded by taxpayers, he cant work. I live in a crappy old 1 bedroom and work everyday. nice system we got here.

    Wow, someone with a severe disability gets help. Absolutely shocking. What is the world coming to?

  12. edvard2


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    12   12:43pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    I wonder if Spain for Brits is like Florida for retired northerners?

  13. bubblesitter


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    13   1:21pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    edvard2 says

    I wonder if Spain for Brits is like Florida for retired northerners?

    I believe weather a big plus for Spain.

  14. freak80


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    14   1:40pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    And the rain in spain falls mainly on the plain...

  15. PockyClipsNow


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    15   2:06pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Look its just shocking that i make 100k a year and s-8 tenants live better than me, ive seen it many times! He should be in a group home with a rented room or something right?

  16. StoutFiles


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    16   2:26pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    PockyClipsNow says

    Look its just shocking that i make 100k a year and s-8 tenants live better than me, ive seen it many times! He should be in a group home with a rented room or something right?

    Probably. But then again, I would approve of a world like The Giver where the elderly are "released" at 60 and society is a well-oiled cog.

    Life isn't fair, oh well.

  17. PockyClipsNow


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    17   2:43pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Life isnt fair but I'm free to leave the US, move to rural spain, and rent a giant McHacienda for super cheap and live large while not paying anymore US taxes! eat it welfare state!

  18. Dan8267


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    18   2:57pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    This is exactly what's happening in Florida right now. Foreign buyers who will temporarily drive up prices and then get stuck.

  19. bubblesitter


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    19   5:48pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike  

    Dan8267 says

    This is exactly what's happening in Florida right now. Foreign buyers who will temporarily drive up prices and then get stuck.

    Sounds familiar. Who caught that falling knife?

  20. zzyzzx


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    20   12:49pm Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike (2)  

    bubblesitter says

    Oh, did I forget to mention Spain has the highest UE rate in Europe? Whopping 20%.
    http://en.wikipedia.org/wiki/Economy_of_the_European_Union#Unemployment

    That's because they elected their version of Obama a couple of years before we did.

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