Wave of Evictions Leads to Homeless Crisis in Spain
invite response
2012 Nov 11, 3:58pm 949 views 2 comments
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1
Bellingham Bill
2012 Nov 11, 9:34pm
Bellingham Bill
2012 Nov 11, 9:34pm
that's the beauty of real estate, you can't export it, and you can't hide it (easily).
supply is what it is, and oversupply is the only way to reduce its rents.
2
lostand confused
2012 Nov 11, 9:47pm
lostand confused
2012 Nov 11, 9:47pm
Here, you can just stop paying your mortgage and squat for three years.
"Yet at the same time, the country is dotted with empty housing of all kinds, perhaps as many as two million units, by some estimates.
***
Rafael MartÃn Sanz, the president of a real estate management company, says squatting has become so common that some real estate companies are reluctant to put signs on the outsides of buildings indicating that an apartment is available.
“The joke is that half the people touring apartments that are on the market are actually just picking out which apartment they want to squat in,†he said.
***
Others in the building also have generators, but some cannot afford the gasoline to keep them running."
http://www.nytimes.com/2012/11/12/world/europe/spain-evictions-create-an-austerity-homeless-crisis.html?hp&_r=0&pagewanted=all
Spain needs Superhero Sue Wan:
http://www.nbcbayarea.com/news/local/Con-Artist-or-Clever-Old-Lady-167212965.html
#housing