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Brits who bought in Spain

By elliemae   2011 Feb 20, 9:31pm   3,652 views   20 comments   watch (1)   quote      

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

Comments 1-20 of 20     Last »

1   bubblesitter     2011 Feb 20, 11:23pm  ↑ like   ↓ dislike   quote    

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

2   bubblesitter     2011 Feb 20, 11:32pm  ↑ like   ↓ dislike   quote    

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     2011 Feb 21, 12:45am  ↑ like   ↓ dislike   quote    

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     2011 Feb 21, 1:06am  ↑ like   ↓ dislike   quote    

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     2011 Feb 21, 1:31am  ↑ like   ↓ dislike   quote    

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   571/571 = 100% civil   2011 Feb 21, 4:49am  ↑ like   ↓ dislike (2)   quote    

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   117/117 = 100% civil   2012 Apr 4, 12:29pm  ↑ like   ↓ dislike   quote    

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     2012 Apr 4, 1:57pm  ↑ like   ↓ dislike   quote    

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   60/60 = 100% civil   2012 Apr 5, 2:59am  ↑ like   ↓ dislike   quote    

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     2012 Apr 5, 4:22am  ↑ like   ↓ dislike   quote    

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     2012 Apr 5, 4:53am  ↑ like (1)   ↓ dislike   quote    

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     2012 Apr 5, 5:43am  ↑ like   ↓ dislike   quote    

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

13   bubblesitter     2012 Apr 5, 6:21am  ↑ like   ↓ dislike   quote    

edvard2 says

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

I believe weather a big plus for Spain.

14   TwoScoopsMcGee   1275/1275 = 100% civil   2012 Apr 5, 6:37am  ↑ like (1)   ↓ dislike   quote    

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

15   freak80     2012 Apr 5, 6:40am  ↑ like   ↓ dislike   quote    

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

16   PockyClipsNow   60/60 = 100% civil   2012 Apr 5, 7:06am  ↑ like   ↓ dislike   quote    

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     2012 Apr 5, 7:26am  ↑ like   ↓ dislike   quote    

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   60/60 = 100% civil   2012 Apr 5, 7:43am  ↑ like   ↓ dislike   quote    

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   2642/2675 = 98% civil   2012 Apr 5, 7:57am  ↑ like   ↓ dislike   quote    

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

20   bubblesitter     2012 Apr 5, 10:48am  ↑ like   ↓ dislike   quote    

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?

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