Wednesday, April 25, 2007

All Foregone Endings

Spanish property slump set to claim thousands of British victims

Easygoing 'immigration' as allured by those silly TV programmes pushing 'living under the sun' without genuine interest in and respect for the Spanish way of life and culture, but some greed are making the lives of Spaniards difficult by driving their house prices to the same crazy level as in the UK. Remember this is exactly the same picture we shall see very soon throughout the British Isle, although the article still maintains the following silly mantra with little efficacy any more: "The situation is in contrast with the UK, where the problem has been a lack of new housing being built, which in turn has led to high house price inflation." Say this to those would-be ghost town new developments in all those major cities in the North and Scotland (Glasgow and Edinburgh).

Posted by japanese uncle @ 10:01 PM (792 views)
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7 thoughts on “All Foregone Endings

  • “But economists at Lombard Street Research warned that the housing market in Spain is about implode.”

    Ho Ho Ho

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  • bidin'matime says:

    Property porn is about to be replaced by HPC porn…

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  • Yes bidin’matime, the tide is turning. Spain is a bad choice anyway. If you want the weather and a cheap life and you speak Spanish, Venezuela, Mexico or Argentina are better choices.

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  • Btloptingout says:

    “without genuine interest in and respect for the Spanish way of life and culture”

    This is the really key bit for me……what’s the friggin point of moving out to a place only to buy in some armpit Brit slum estate and mingle with a bunch of union jack shorts wearing gits.

    The sooner this Spanish crash comes and Spain falls out of favour with the Brits the better, then I can finnaly get my traditional little place in the hills and enjoy tapas and vino tinto from the local bar.

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  • …and Spain is full of pickled expats – no thanks. Remember Eldorado? Yawn… zzz

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  • Whiteknight says:

    There is no lack of natural supply. This is a myth.

    Somebody once said it to describe effects they were seeing that they did not understand, which were market momentum plays and speculation, and everybody else repeated it.

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  • shipbuilder says:

    I think everyone’s getting confused between investors and retirees. Annoyingly, everyone buying a property anywhere in the world is assumed to be ‘investing’.
    Surely the majority of Brits will have either sold up or remortgaged in the UK and bought outright in Spain – why do they care about a crash?

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