Patrick.net

Brits who bought in Spain

By elliemae   Follow   Mon, 21 Feb 2011, 5:31am   1,565 views   20 comments
Watch (1)   Share   Quote   Permalink   Like   Dislike (1)  

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

Viewing Comments 1-20 of 20     Last »     See most liked comments

1. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   1   7:23am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike   I guess they need some wealthy Chindians to move in. :)

2. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   2   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

3. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

   3   8:45am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike   Protected   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.

4. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   4   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)!

5. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

   5   9:31am Mon 21 Feb 2011   Share   Quote   Permalink   Like   Dislike   Protected   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.

6. zzyzzx Follow Befriend (9) 416 threads 4,138 comments Baltimore, MD

   6   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.

7. justme Follow Befriend (2) 33 threads 3,461 comments

   7   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

8. xenogear3 Follow Befriend 10 threads 419 comments

   8   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.

9. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

   9   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.

10. Bigsby Follow Befriend 2,826 comments Monterey, CA

    10   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?

11. lurking Follow Befriend 6 threads 130 comments

    11   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.

12. edvard2 Follow Befriend 34 threads 2,116 comments

    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 Follow Befriend (5) 10 threads 2,329 comments

    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. thunderlips11 Follow Befriend (13) 52 threads 2,639 comments Premium

    14   1:37pm Thu 5 Apr 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   ... have seen their home values go down the drain.

15. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

    15   1:40pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   And the rain in spain falls mainly on the plain...

16. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

    16   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?

17. StoutFiles Follow Befriend (1) 24 threads 557 comments

    17   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.

18. PockyClipsNow Follow Befriend 19 threads 1,534 comments Los Angeles, CA

    18   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!

19. Dan8267 Follow Befriend (16) 768 threads 7,714 comments Boca Raton, FL Premium

    19   2:57pm Thu 5 Apr 2012   Share   Quote   Permalink   Like   Dislike   Protected   This is exactly what's happening in Florida right now. Foreign buyers who will temporarily drive up prices and then get stuck.

20. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

    20   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?