How to construct a thread on Spanish Property Insight.

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This topic contains 99 replies, has 3 voices, and was last updated by Profile photo of Anonymous Anonymous 7 years, 5 months ago.

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  • #55078
    Profile photo of Anonymous
    Anonymous
    Participant

    1. Have absolutely nothing to do with Spain except go holiday once a year.

    2. Go on HPC and read up on words like “sheeple”, “bubble”, “credit crunch”.

    3. Pick a story which is nothing to do with Spain. Like this one http://uk.biz.yahoo.com/090626/214/in3tz.html

    4. Find the most tenious link to Spain possible. In the case above, say Ryanair. Obviously as you’ve never been to Spain, make no direct reference to Spain that would provide any type of real Insight.

    5. Post the link and say the following. “Obviously with the credit crunch this will impact massively on airfares and hence Spain consequently the bubble is over.

    6. In the above I didn’t use the words “sheeple”, but don’t worry someone (most likely by the name of fluffyflossy) who has only been to Spain once with say things like “what will sheeple who bought there now do”.

    7. Repeat 10,000 times over the next 5 years.

  • #92792
    Profile photo of Anonymous
    Anonymous
    Participant

    What about some threads opened by supreme idiots who lost money both in Spain and in Bulgaria?

    Oh , sorry, I am just replying in one of these. Nevermind.

  • #92793
    Profile photo of Anonymous
    Anonymous
    Participant

    You don’t know how much money we have backing us?.

    Never buy a property with the aim of making money. I’ve never bought a property and looked to make money. Sometimes it happens, sometimes it doesn’t. But i’ve never ever bought a property to make money, businesses make money. Properties are the playthings of rich in many respects, trying to make money with property is where this all started.

  • #92794
    Profile photo of Anonymous
    Anonymous
    Participant

    Mary, I don´t really see what your gripe is.

    You appear to be referring to the thread I started based on S&Ps review of the European property market. This had a direct relevance to the Spanish property market which I quoted.

    Yes it did migrate, as many threads on this or any other internet forum do, to another subject, namely UK property. You have had a gripe about it on that thread, fair enough. Personally I don´t see anything wrong in the way the thread developed. In fact Pablo´s post was one of the more thoughtful ones I have read here in some time.

    What exactly is your point? You don´t like what some people are posting?

  • #92798
    Profile photo of Anonymous
    Anonymous
    Participant

    @brianc_li wrote:

    You don´t like what some people are posting?

    People?, steady there’s only 5 on here, the only experience of 3 of them is a week in Palma Nova, work it out?.

  • #92817
    Profile photo of Anonymous
    Anonymous
    Participant

    Mary Hinge wrote

    People?, steady there’s only 5 on here, the only experience of 3 of them is a week in Palma Nova, work it out?.

    So let’s understand this. If you live in Westminster you understand politics better than anyone else. Same goes for Figueras, live there and you’re an expert on surrealism. Sorry, it doesn’t work like that. Chances are that a closely reasoned argument from an obviously literate contributor is more likely to be of value than a badly spelt post from someone who happens to have an address in the place concerned. This is about complex macro-economic issues, not the price of fish on the local dockside. You hold yourself out as an investor, able to stand your losses. Good – but best to avoid any more, don’t you think? An investor who doesn’t understand the market in which they invest won’t be an investor for very long.

    Carosfella

  • #92819
    Profile photo of Anonymous
    Anonymous
    Participant

    so what on earth was the point of that responce.
    i’m sure that must be of help to someone.

  • #92982
    Profile photo of katy
    katy
    Spectator

    Where is “salobrena” 😆

  • #92820
    Profile photo of katy
    katy
    Spectator

    Where is “salobrena” 😆

  • #92984
    Profile photo of Anonymous
    Anonymous
    Participant

    katy

    it’s a troll village deep in the mountains!!. When they have spoken enough lies and rubbish on the forums, they are allowed to build a mud hut. Some are really close!

  • #92821
    Profile photo of Anonymous
    Anonymous
    Participant

    katy

    it’s a troll village deep in the mountains!!. When they have spoken enough lies and rubbish on the forums, they are allowed to build a mud hut. Some are really close!

  • #92986
    Profile photo of Anonymous
    Anonymous
    Participant

    sadly for most of you morons you wont understand, but firstly its not in the hills and more importantly not to many brits there, mostly spanish.still you wont understand that concept so dont bother with your pathetic replies. its because of the few idiots on here that has ruined this forum, so keep bitching.

  • #92822
    Profile photo of Anonymous
    Anonymous
    Participant

    sadly for most of you morons you wont understand, but firstly its not in the hills and more importantly not to many brits there, mostly spanish.still you wont understand that concept so dont bother with your pathetic replies. its because of the few idiots on here that has ruined this forum, so keep bitching.

  • #92988
    Profile photo of Anonymous
    Anonymous
    Participant

    This thread’s opening post started with a pathetic attempt at humour/sarcasm combined. And has been concluded by an equally pathetic and rude closing post that we now come to expect from Thornton.

    Let’s hope this thread now dies a natural death as it really is a case of threads like this attempt to devalue SPI with their sarcasm and rudeness, but luckily never succeed.

    So let’s hope the likes of Hinge and Thornton bog off elsewhere soon with their crap and annoy some other forum as they obviously have too much time on their hands.

  • #92823
    Profile photo of Anonymous
    Anonymous
    Participant

    This thread’s opening post started with a pathetic attempt at humour/sarcasm combined. And has been concluded by an equally pathetic and rude closing post that we now come to expect from Thornton.

    Let’s hope this thread now dies a natural death as it really is a case of threads like this attempt to devalue SPI with their sarcasm and rudeness, but luckily never succeed.

    So let’s hope the likes of Hinge and Thornton bog off elsewhere soon with their crap and annoy some other forum as they obviously have too much time on their hands.

  • #92990
    Profile photo of Anonymous
    Anonymous
    Participant

    charlie

    yes, the crap is what we have come to expect. The site’s big enough to rise above occasional troll thread. Best deleted I think.

  • #92824
    Profile photo of Anonymous
    Anonymous
    Participant

    charlie

    yes, the crap is what we have come to expect. The site’s big enough to rise above occasional troll thread. Best deleted I think.

  • #92992
    Profile photo of Anonymous
    Anonymous
    Participant

    and then another one arrives.

    the other sad thing about salobrena is the views are poor because they wont let us build high rise.
    and more importantly i still cant find a brit pub or brit breakfast anywhere here, now thats so sad. still keep bitching its almost entertaining.also am i right in thinking that the more you bitch the more money you lost? thinking being the more you do the more chance you have of getting nothing back. well it keeps me from being sad. have a nice day. ha ha ha

  • #92825
    Profile photo of Anonymous
    Anonymous
    Participant

    and then another one arrives.

    the other sad thing about salobrena is the views are poor because they wont let us build high rise.
    and more importantly i still cant find a brit pub or brit breakfast anywhere here, now thats so sad. still keep bitching its almost entertaining.also am i right in thinking that the more you bitch the more money you lost? thinking being the more you do the more chance you have of getting nothing back. well it keeps me from being sad. have a nice day. ha ha ha

  • #92993
    Profile photo of katy
    katy
    Spectator

    @alanrthornton wrote:

    sadly for most of you morons you wont understand, but firstly its not in the hills and more importantly not to many brits there, mostly spanish.still you wont understand that concept so dont bother with your pathetic replies. its because of the few idiots on here that has ruined this forum, so keep bitching.

    Fool! of course I know where it is. Don´t you understand sarcasm 🙄 Just that you don´t seem to be able to spell it

    ñ

    An extra word in the spanish alphabet….if you don´t use it all those spanish you mix with won´t understand you. 😆

  • #92826
    Profile photo of katy
    katy
    Spectator

    @alanrthornton wrote:

    sadly for most of you morons you wont understand, but firstly its not in the hills and more importantly not to many brits there, mostly spanish.still you wont understand that concept so dont bother with your pathetic replies. its because of the few idiots on here that has ruined this forum, so keep bitching.

    Fool! of course I know where it is. Don´t you understand sarcasm 🙄 Just that you don´t seem to be able to spell it

    ñ

    An extra word in the spanish alphabet….if you don´t use it all those spanish you mix with won´t understand you. 😆

  • #92999
    Profile photo of Anonymous
    Anonymous
    Participant

    funny how you dont mention brit pubs and full english.just shows how low your esteem as gone.probably still counting the money you have lost.
    and your comments on brit etsate agents is just about as low as anyone can get, how naive.you really must be fun at a dinner party.or should i say you dont get invited, more to the point.

  • #92829
    Profile photo of Anonymous
    Anonymous
    Participant

    funny how you dont mention brit pubs and full english.just shows how low your esteem as gone.probably still counting the money you have lost.
    and your comments on brit etsate agents is just about as low as anyone can get, how naive.you really must be fun at a dinner party.or should i say you dont get invited, more to the point.

  • #93001
    Profile photo of Anonymous
    Anonymous
    Participant

    @alanrthornton wrote:

    well it keeps me from being sad.

    Depression problems too? 🙁

    Looking at your past posts I thought you just had anger-management problems…….
    morons, idiots, fools, talking garbage……… SHUT UP …………………………………………….” etc.

    Obviously being retired in Guildford is not working for you. The sooner you build your “good sized house” in Salobreña the better.

    Note the wiggly thing Katy keeps reminding you about above the letter n, it’s called a tilde.
    If you’re going to live there, suggest you learn how to spell it.

  • #92830
    Profile photo of Anonymous
    Anonymous
    Participant

    @alanrthornton wrote:

    well it keeps me from being sad.

    Depression problems too? 🙁

    Looking at your past posts I thought you just had anger-management problems…….
    morons, idiots, fools, talking garbage……… SHUT UP …………………………………………….” etc.

    Obviously being retired in Guildford is not working for you. The sooner you build your “good sized house” in Salobreña the better.

    Note the wiggly thing Katy keeps reminding you about above the letter n, it’s called a tilde.
    If you’re going to live there, suggest you learn how to spell it.

  • #93003
    Profile photo of Anonymous
    Anonymous
    Participant

    another great moronic responce

  • #92831
    Profile photo of Anonymous
    Anonymous
    Participant

    another great moronic responce

  • #93005
    Profile photo of Anonymous
    Anonymous
    Participant

    Well, it’s a moronic thread.

    At least I can spell ‘response’. 😀

  • #92832
    Profile photo of Anonymous
    Anonymous
    Participant

    Well, it’s a moronic thread.

    At least I can spell ‘response’. 😀

  • #93007
    Profile photo of katy
    katy
    Spectator

    Thornton posted

    I have aquired an urbanized plot in salobrena. (Costa Aquilera) I’ve heard recently that the licences maybe available soon, does anybody have any info on this._________________

    So did you get the licence and stamped by the Junta 😆

  • #92833
    Profile photo of katy
    katy
    Spectator

    Thornton posted

    I have aquired an urbanized plot in salobrena. (Costa Aquilera) I’ve heard recently that the licences maybe available soon, does anybody have any info on this._________________

    So did you get the licence and stamped by the Junta 😆

  • #93009
    Profile photo of Anonymous
    Anonymous
    Participant

    Tilde lesson:

    España is pronounced Espanya because of the wiggly thing

    ….not E-spanner.

    it’s my birthday so I’m allowed to be silly

  • #92834
    Profile photo of Anonymous
    Anonymous
    Participant

    Tilde lesson:

    España is pronounced Espanya because of the wiggly thing

    ….not E-spanner.

    it’s my birthday so I’m allowed to be silly

  • #93011
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    Thornton posted

    I have aquired an urbanized plot in salobrena. (Costa Aquilera) I’ve heard recently that the licences maybe available soon, does anybody have any info on this.

    Don’t tell me he’s purchased the land on a “maybe”!!!!!
    OMG.
    And he’s calling us morons???

  • #92835
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    Thornton posted

    I have aquired an urbanized plot in salobrena. (Costa Aquilera) I’ve heard recently that the licences maybe available soon, does anybody have any info on this.

    Don’t tell me he’s purchased the land on a “maybe”!!!!!
    OMG.
    And he’s calling us morons???

  • #93013
    Profile photo of katy
    katy
    Spectator

    Happy Birthday Charlie 😀 Will have a toast for you soon!

  • #92836
    Profile photo of katy
    katy
    Spectator

    Happy Birthday Charlie 😀 Will have a toast for you soon!

  • #93014
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Charlie 😀

    HAPPY BIRTHDAY!!!!

  • #92837
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Charlie 😀

    HAPPY BIRTHDAY!!!!

  • #93020
    Profile photo of Anonymous
    Anonymous
    Participant

    @Carosfella wrote:

    Mary Hinge wrote

    People?, steady there’s only 5 on here, the only experience of 3 of them is a week in Palma Nova, work it out?.

    So let’s understand this. If you live in Westminster you understand politics better than anyone else. Same goes for Figueras, live there and you’re an expert on surrealism. Sorry, it doesn’t work like that. Chances are that a closely reasoned argument from an obviously literate contributor is more likely to be of value than a badly spelt post from someone who happens to have an address in the place concerned. This is about complex macro-economic issues, not the price of fish on the local dockside. You hold yourself out as an investor, able to stand your losses. Good – but best to avoid any more, don’t you think? An investor who doesn’t understand the market in which they invest won’t be an investor for very long.

    Carosfella

    Wow, you wrote an overly long paragraph containing approximately 120 words and said absolutely nothing of note.

    By the way I have a degree in Economics, the classic Economics joke is of course, its something you do before you go out and get a real job. Meaning of course its practically useless.

    You can’t (unless lucky) ‘invest’ as such in a market that has a transaction (buying and selling) cost of circa 10% (at least) to 20%, you might aswell play the stock market.

  • #92840
    Profile photo of Anonymous
    Anonymous
    Participant

    @Carosfella wrote:

    Mary Hinge wrote

    People?, steady there’s only 5 on here, the only experience of 3 of them is a week in Palma Nova, work it out?.

    So let’s understand this. If you live in Westminster you understand politics better than anyone else. Same goes for Figueras, live there and you’re an expert on surrealism. Sorry, it doesn’t work like that. Chances are that a closely reasoned argument from an obviously literate contributor is more likely to be of value than a badly spelt post from someone who happens to have an address in the place concerned. This is about complex macro-economic issues, not the price of fish on the local dockside. You hold yourself out as an investor, able to stand your losses. Good – but best to avoid any more, don’t you think? An investor who doesn’t understand the market in which they invest won’t be an investor for very long.

    Carosfella

    Wow, you wrote an overly long paragraph containing approximately 120 words and said absolutely nothing of note.

    By the way I have a degree in Economics, the classic Economics joke is of course, its something you do before you go out and get a real job. Meaning of course its practically useless.

    You can’t (unless lucky) ‘invest’ as such in a market that has a transaction (buying and selling) cost of circa 10% (at least) to 20%, you might aswell play the stock market.

  • #93098
    Profile photo of Anonymous
    Anonymous
    Participant

    Replying to Mary Hinge

    I know I’m going to regret this, but as you’ve trounced my word count per paragraph on another thread, let me try and deal with what you say.

    Property is just an asset class. Of course you can invest in it provided you have regard to both the yield and the potential for capital gain or loss. One must also understand its illiquid nature and as you rightly point out the high frictional costs.

    The stock market is wholly different. I do indeed invest in that. It’s more complex than trading property but far more flexible. You can easily be long or short and you can change your position more or less instantly, unless you choose small caps.

    I do agree though that you didn’t hold yourself out as an investor. What you said was that you can stand your losses. Good for you, but better not to have made them, surely? My point was that families that stay wealthy, generation after generation, don’t behave like that.

    Now, tell me, serious question, I expect you’ve seen the article on News & Views saying that 83% of Spaniards own their own home. That statistic looks suspect, ie 83% of what group of Spaniards? Obviously not all Spaniards or there must be a lot of 12 year old owners.

    However, whatever precisely it measures it does imply a saturated market. Of course, much of the unsold property was never intended for the domestic market in the first place, but some of it was. With such high penetration of owner occupation who is going to buy those houses?

    What does this suggest about future price movements. With an economics degree and plenty of experience in resi property you should have some insights on this and I’d value hearing them.

    Carosfella

  • #92898
    Profile photo of Anonymous
    Anonymous
    Participant

    Replying to Mary Hinge

    I know I’m going to regret this, but as you’ve trounced my word count per paragraph on another thread, let me try and deal with what you say.

    Property is just an asset class. Of course you can invest in it provided you have regard to both the yield and the potential for capital gain or loss. One must also understand its illiquid nature and as you rightly point out the high frictional costs.

    The stock market is wholly different. I do indeed invest in that. It’s more complex than trading property but far more flexible. You can easily be long or short and you can change your position more or less instantly, unless you choose small caps.

    I do agree though that you didn’t hold yourself out as an investor. What you said was that you can stand your losses. Good for you, but better not to have made them, surely? My point was that families that stay wealthy, generation after generation, don’t behave like that.

    Now, tell me, serious question, I expect you’ve seen the article on News & Views saying that 83% of Spaniards own their own home. That statistic looks suspect, ie 83% of what group of Spaniards? Obviously not all Spaniards or there must be a lot of 12 year old owners.

    However, whatever precisely it measures it does imply a saturated market. Of course, much of the unsold property was never intended for the domestic market in the first place, but some of it was. With such high penetration of owner occupation who is going to buy those houses?

    What does this suggest about future price movements. With an economics degree and plenty of experience in resi property you should have some insights on this and I’d value hearing them.

    Carosfella

  • #93102
    Profile photo of Anonymous
    Anonymous
    Participant

    Well I can live with that.

    Stock markets are easier as you have fewer transaction costs, more data to work with and a normally a smoother dividend yield and there is a ready market to sell.

    Its better not to lose money in the first place, true, but everyday people ‘lose’ money, usually just squandering etc. I will also point out we have some commercial property and we make very good money on that, paying 1/2% above a base of 1/2% i.e. 1% and it generates a yield of 7% before interest. Ok interest rates are exceptionally low, but with a 50% LTV its still a very good return of the 50% even if base gets to 6%, throw in its in a pension and we got a 33% tax break on the money invested, looks a bit better. Hence its all swings and roundabouts.

    Price movements are difficult to predict, remember of course that in the UK the population is ageing demographically and Spain is a very popular destination for retirement and (at least in the short term) interest rates are historically very very low, that said exchange rates are volitile and much of the price movement in a property depends on inflation, there are many (not one) factor that will move the market, poorly constructed (illegal?) property doesn’t stand a chance in this market, that I think is obvious.

    Also remember a seller just can’t sell at any low cost, especially if the property is mortaged, with very low interest rates there will just ride the market out.

    There’s alot said for doing, even if you think property will fall in price, this is not a single market, the luvvly BMV properties will be there, its a question of finding the right seller and timing, remember of course if you have a property in Spain (for personal use) and the property falls in value, the next leg up the ladder is most likely to fall proportionally but by a greater amount in absolute value, its not all bad news, you would be in a better position to buy a bigger property if prices fall.

  • #92902
    Profile photo of Anonymous
    Anonymous
    Participant

    Well I can live with that.

    Stock markets are easier as you have fewer transaction costs, more data to work with and a normally a smoother dividend yield and there is a ready market to sell.

    Its better not to lose money in the first place, true, but everyday people ‘lose’ money, usually just squandering etc. I will also point out we have some commercial property and we make very good money on that, paying 1/2% above a base of 1/2% i.e. 1% and it generates a yield of 7% before interest. Ok interest rates are exceptionally low, but with a 50% LTV its still a very good return of the 50% even if base gets to 6%, throw in its in a pension and we got a 33% tax break on the money invested, looks a bit better. Hence its all swings and roundabouts.

    Price movements are difficult to predict, remember of course that in the UK the population is ageing demographically and Spain is a very popular destination for retirement and (at least in the short term) interest rates are historically very very low, that said exchange rates are volitile and much of the price movement in a property depends on inflation, there are many (not one) factor that will move the market, poorly constructed (illegal?) property doesn’t stand a chance in this market, that I think is obvious.

    Also remember a seller just can’t sell at any low cost, especially if the property is mortaged, with very low interest rates there will just ride the market out.

    There’s alot said for doing, even if you think property will fall in price, this is not a single market, the luvvly BMV properties will be there, its a question of finding the right seller and timing, remember of course if you have a property in Spain (for personal use) and the property falls in value, the next leg up the ladder is most likely to fall proportionally but by a greater amount in absolute value, its not all bad news, you would be in a better position to buy a bigger property if prices fall.

  • #93104
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    Anonymous
    Participant

    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?[/quote]

  • #92904
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    Anonymous
    Participant

    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?[/quote]

  • #93106
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    Anonymous
    Participant

    @brianc_li wrote:

    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?

    There is no ‘one’ market.

    ‘Bad properties’ i.e. half finished dev’s etc, can’t for the life of me see anyway but down, but who wants to buy them?.

    BMV properties, surely the price of the property will to some extent (of course there is no guarantee) reflect where the market is going, will it not, especially as we are say 3 years into a bear run. Its not like the market turned yesterday.

    Next off exchange rates, lets say you have a UK Spanish seller who owns a property or its a new build, they to attract a UK buyer will adjust there Euro price accordingly, buy into that market (leverage) with a loan and if exchange rates rise you’re squids in?.

    Next off mortgage deals, whats happening to spreads?, spreads are increasing, hence there you have another factor if you intend to mortgage purchase.

    There is no market as such, or a ‘price’ as such, a 20% discount in the Euro price of a property say in the last 2 years, well thats nothing to a UK buyer, Euro has ‘fell’ 20% and spreads have increased if you want to mortgage, hence you are probably worse off.

  • #92906
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    Anonymous
    Participant

    @brianc_li wrote:

    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?

    There is no ‘one’ market.

    ‘Bad properties’ i.e. half finished dev’s etc, can’t for the life of me see anyway but down, but who wants to buy them?.

    BMV properties, surely the price of the property will to some extent (of course there is no guarantee) reflect where the market is going, will it not, especially as we are say 3 years into a bear run. Its not like the market turned yesterday.

    Next off exchange rates, lets say you have a UK Spanish seller who owns a property or its a new build, they to attract a UK buyer will adjust there Euro price accordingly, buy into that market (leverage) with a loan and if exchange rates rise you’re squids in?.

    Next off mortgage deals, whats happening to spreads?, spreads are increasing, hence there you have another factor if you intend to mortgage purchase.

    There is no market as such, or a ‘price’ as such, a 20% discount in the Euro price of a property say in the last 2 years, well thats nothing to a UK buyer, Euro has ‘fell’ 20% and spreads have increased if you want to mortgage, hence you are probably worse off.

  • #93107
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    @brianc_li wrote:
    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?

    There is no ‘one’ market.

    ‘Bad properties’ i.e. half finished dev’s etc, can’t for the life of me see anyway but down, but who wants to buy them?.

    BMV properties, surely the price of the property will to some extent (of course there is no guarantee) reflect where the market is going, will it not, especially as we are say 3 years into a bear run. Its not like the market turned yesterday.

    Next off exchange rates, lets say you have a UK Spanish seller who owns a property or its a new build, they to attract a UK buyer will adjust there Euro price accordingly, buy into that market (leverage) with a loan and if exchange rates rise you’re squids in?.

    Next off mortgage deals, whats happening to spreads?, spreads are increasing, hence there you have another factor if you intend to mortgage purchase.

    There is no market as such, or a ‘price’ as such, a 20% discount in the Euro price of a property say in the last 2 years, well thats nothing to a UK buyer, Euro has ‘fell’ 20% and spreads have increased if you want to mortgage, hence you are probably worse off.

    There is nothing of substance in what you wrote.

    I give you some hints:

    1) the level of ownership is 83% in Spain.

    2) the unemployment in Spain will soon be 25%.

    1) + 2) = very few Spaniards will buy

    3) UK soon starts the second leg of the W recession. The second leg will be nastier.

    3) = very few Brits will buy

    4) the retiring baby-boomers everywhere lost lots and lots of money during the last 2 years.

    4) = few baby boomers will go on and buy property abroad.

    1) + 2) + 3) + 4) = the Spanish property prices have a LOOOOOONG way to fall.

    Hope that Mary understands what I just wrote.

  • #92907
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    Anonymous
    Participant

    @Mary Hinge wrote:

    @brianc_li wrote:
    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?

    There is no ‘one’ market.

    ‘Bad properties’ i.e. half finished dev’s etc, can’t for the life of me see anyway but down, but who wants to buy them?.

    BMV properties, surely the price of the property will to some extent (of course there is no guarantee) reflect where the market is going, will it not, especially as we are say 3 years into a bear run. Its not like the market turned yesterday.

    Next off exchange rates, lets say you have a UK Spanish seller who owns a property or its a new build, they to attract a UK buyer will adjust there Euro price accordingly, buy into that market (leverage) with a loan and if exchange rates rise you’re squids in?.

    Next off mortgage deals, whats happening to spreads?, spreads are increasing, hence there you have another factor if you intend to mortgage purchase.

    There is no market as such, or a ‘price’ as such, a 20% discount in the Euro price of a property say in the last 2 years, well thats nothing to a UK buyer, Euro has ‘fell’ 20% and spreads have increased if you want to mortgage, hence you are probably worse off.

    There is nothing of substance in what you wrote.

    I give you some hints:

    1) the level of ownership is 83% in Spain.

    2) the unemployment in Spain will soon be 25%.

    1) + 2) = very few Spaniards will buy

    3) UK soon starts the second leg of the W recession. The second leg will be nastier.

    3) = very few Brits will buy

    4) the retiring baby-boomers everywhere lost lots and lots of money during the last 2 years.

    4) = few baby boomers will go on and buy property abroad.

    1) + 2) + 3) + 4) = the Spanish property prices have a LOOOOOONG way to fall.

    Hope that Mary understands what I just wrote.

  • #93108
    Profile photo of Anonymous
    Anonymous
    Participant

    Not playing devil’s advocate here, honest (!) but reading these two so-called ‘constructive’ posts from Mary, to me it’s “I have an Economics Degree” waffle of stating the bl***y obvious.

    “Price movements are difficult to predict

    remember of course that in the UK the population is ageing demographically

    and Spain is a very popular destination for retirement 😯 ……

    and (at least in the short term) interest rates are historically very very low

    that said exchange rates are volitile and much of the price movement in a property depends on inflation

    there are many (not one) factor that will move the market, poorly constructed (illegal?) property doesn’t stand a chance in this market, that I think is obvious”.

    ………….the whole post is “obvious”

    How did Mary herself describe Pablo’s post? Oh yes……
    “About as much use to anyone as chocolate fireguard, macroeconomic claptrap at best. It’s been said a million times before, practical applications of it all = nill. Same old same old, 3 years ago had a certain amount of relevance, just once when one person said it, but when the millionth person said it?, you must be the tenth million person who’ve said it, it just became blah blah blah blah, and you actually took time to re-iterate it, for the ten million and one time”.

    Pot/kettle ?
    Am a bit disappointed to be honest. 🙁 but not surprised.
    While doing your Economics degree Mary, did you ever get “must try harder”?

  • #92908
    Profile photo of Anonymous
    Anonymous
    Participant

    Not playing devil’s advocate here, honest (!) but reading these two so-called ‘constructive’ posts from Mary, to me it’s “I have an Economics Degree” waffle of stating the bl***y obvious.

    “Price movements are difficult to predict

    remember of course that in the UK the population is ageing demographically

    and Spain is a very popular destination for retirement 😯 ……

    and (at least in the short term) interest rates are historically very very low

    that said exchange rates are volitile and much of the price movement in a property depends on inflation

    there are many (not one) factor that will move the market, poorly constructed (illegal?) property doesn’t stand a chance in this market, that I think is obvious”.

    ………….the whole post is “obvious”

    How did Mary herself describe Pablo’s post? Oh yes……
    “About as much use to anyone as chocolate fireguard, macroeconomic claptrap at best. It’s been said a million times before, practical applications of it all = nill. Same old same old, 3 years ago had a certain amount of relevance, just once when one person said it, but when the millionth person said it?, you must be the tenth million person who’ve said it, it just became blah blah blah blah, and you actually took time to re-iterate it, for the ten million and one time”.

    Pot/kettle ?
    Am a bit disappointed to be honest. 🙁 but not surprised.
    While doing your Economics degree Mary, did you ever get “must try harder”?

  • #93109
    Profile photo of Anonymous
    Anonymous
    Participant

    Flosmichael –

    Honest to goodness facts without the waffle.

    Now that explains the current picture in a nutshell.

  • #92909
    Profile photo of Anonymous
    Anonymous
    Participant

    Flosmichael –

    Honest to goodness facts without the waffle.

    Now that explains the current picture in a nutshell.

  • #93110
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    Am a bit disappointed to be honest. 🙁 but not surprised.
    While doing your Economics degree Mary, did you ever get “must try harder”?

    No, soon after I finished I went to become a Chartered Accountant after that I went to study tax, after that I went to get my practicing certificate, after that I went on to start my own practice.

    If its all sooooo obvious, why did brianc li not mention them?.

  • #92910
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    Am a bit disappointed to be honest. 🙁 but not surprised.
    While doing your Economics degree Mary, did you ever get “must try harder”?

    No, soon after I finished I went to become a Chartered Accountant after that I went to study tax, after that I went to get my practicing certificate, after that I went on to start my own practice.

    If its all sooooo obvious, why did brianc li not mention them?.

  • #93111
    Profile photo of Anonymous
    Anonymous
    Participant

    @flosmichael wrote:

    @Mary Hinge wrote:
    @brianc_li wrote:
    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?

    There is no ‘one’ market.

    ‘Bad properties’ i.e. half finished dev’s etc, can’t for the life of me see anyway but down, but who wants to buy them?.

    BMV properties, surely the price of the property will to some extent (of course there is no guarantee) reflect where the market is going, will it not, especially as we are say 3 years into a bear run. Its not like the market turned yesterday.

    Next off exchange rates, lets say you have a UK Spanish seller who owns a property or its a new build, they to attract a UK buyer will adjust there Euro price accordingly, buy into that market (leverage) with a loan and if exchange rates rise you’re squids in?.

    Next off mortgage deals, whats happening to spreads?, spreads are increasing, hence there you have another factor if you intend to mortgage purchase.

    There is no market as such, or a ‘price’ as such, a 20% discount in the Euro price of a property say in the last 2 years, well thats nothing to a UK buyer, Euro has ‘fell’ 20% and spreads have increased if you want to mortgage, hence you are probably worse off.

    There is nothing of substance in what you wrote.

    I give you some hints:

    1) the level of ownership is 83% in Spain.

    2) the unemployment in Spain will soon be 25%.

    1) + 2) = very few Spaniards will buy

    3) UK soon starts the second leg of the W recession. The second leg will be nastier.

    3) = very few Brits will buy

    4) the retiring baby-boomers everywhere lost lots and lots of money during the last 2 years.

    4) = few baby boomers will go on and buy property abroad.

    1) + 2) + 3) + 4) = the Spanish property prices have a LOOOOOONG way to fall.

    Hope that Mary understands what I just wrote.

    The second leg?, why a second leg?. What is this second leg?. Why will it be nastier?.

    The retiring baby boomers gain a hell of a lot of money in the period ’95 to ’07?, assuming home owners.

    What do you think a cocktail of quantitive easing and lowest interest rates ever is going to do?, banks are being subsidised at any cost (usually free money). I don’t see the banking collapse happening do you?, no one will let it.

    But again there is no one market.

  • #92911
    Profile photo of Anonymous
    Anonymous
    Participant

    @flosmichael wrote:

    @Mary Hinge wrote:
    @brianc_li wrote:
    My my, a constructive post from Mary. Well done Carosfella for eliciting it. 🙂

    Mary, you still don´t address one particular question that Carosfella posed.

    What does this suggest about future price movements?

    Seriously, with your knowledge of the market, where do you think things are going?

    There is no ‘one’ market.

    ‘Bad properties’ i.e. half finished dev’s etc, can’t for the life of me see anyway but down, but who wants to buy them?.

    BMV properties, surely the price of the property will to some extent (of course there is no guarantee) reflect where the market is going, will it not, especially as we are say 3 years into a bear run. Its not like the market turned yesterday.

    Next off exchange rates, lets say you have a UK Spanish seller who owns a property or its a new build, they to attract a UK buyer will adjust there Euro price accordingly, buy into that market (leverage) with a loan and if exchange rates rise you’re squids in?.

    Next off mortgage deals, whats happening to spreads?, spreads are increasing, hence there you have another factor if you intend to mortgage purchase.

    There is no market as such, or a ‘price’ as such, a 20% discount in the Euro price of a property say in the last 2 years, well thats nothing to a UK buyer, Euro has ‘fell’ 20% and spreads have increased if you want to mortgage, hence you are probably worse off.

    There is nothing of substance in what you wrote.

    I give you some hints:

    1) the level of ownership is 83% in Spain.

    2) the unemployment in Spain will soon be 25%.

    1) + 2) = very few Spaniards will buy

    3) UK soon starts the second leg of the W recession. The second leg will be nastier.

    3) = very few Brits will buy

    4) the retiring baby-boomers everywhere lost lots and lots of money during the last 2 years.

    4) = few baby boomers will go on and buy property abroad.

    1) + 2) + 3) + 4) = the Spanish property prices have a LOOOOOONG way to fall.

    Hope that Mary understands what I just wrote.

    The second leg?, why a second leg?. What is this second leg?. Why will it be nastier?.

    The retiring baby boomers gain a hell of a lot of money in the period ’95 to ’07?, assuming home owners.

    What do you think a cocktail of quantitive easing and lowest interest rates ever is going to do?, banks are being subsidised at any cost (usually free money). I don’t see the banking collapse happening do you?, no one will let it.

    But again there is no one market.

  • #93112
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    Flosmichael –

    Honest to goodness facts without the waffle.

    Now that explains the current picture in a nutshell.

    Its all macroeconomic waffle and its just to prove I can waffle with the ‘worst’ of them 😆 . As i’ve said before there is no one market, if you want to buy in Spain, although I wouldn’t personally do it for investment, its the micromarket you want to look at, finding desperate sellers, using high LTV if you think the exchange rate is going to move.

    Now charlie, isn’t there a field with bulldozer on it and a glossy pdf document that has your name on it?.

  • #92912
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    Flosmichael –

    Honest to goodness facts without the waffle.

    Now that explains the current picture in a nutshell.

    Its all macroeconomic waffle and its just to prove I can waffle with the ‘worst’ of them 😆 . As i’ve said before there is no one market, if you want to buy in Spain, although I wouldn’t personally do it for investment, its the micromarket you want to look at, finding desperate sellers, using high LTV if you think the exchange rate is going to move.

    Now charlie, isn’t there a field with bulldozer on it and a glossy pdf document that has your name on it?.

  • #93113
    Profile photo of katy
    katy
    Spectator

    An economics degree and a Chartered Accountant and buys on Polaris World and Bulgaria 😯 I think I would prefer to ask Paco down the road for some “insight”!

  • #92913
    Profile photo of katy
    katy
    Spectator

    An economics degree and a Chartered Accountant and buys on Polaris World and Bulgaria 😯 I think I would prefer to ask Paco down the road for some “insight”!

  • #93114
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    Hello all,

    the thread seems to be getting a bit… tense. let’s calm down, as I can’t be bothered to go looking for it when it gets move to the step outside forum.

  • #92914
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    Hello all,

    the thread seems to be getting a bit… tense. let’s calm down, as I can’t be bothered to go looking for it when it gets move to the step outside forum.

  • #93115
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Fuengi
    Read the thread title and the opening post. It’s only purpose is to stimulate ding-dong (‘tense’) debate. 😆

    (though failing rather miserably – I don’t think it will even qualify for the Step Outside forum, it’s not good enough even for that).
    Only ‘Just Frank’ is the master at that, come back Frank, all is forgiven!

    Personally I hope it remains here as an example how NOT to construct a thread, started by someone who has never contributed a constructive/informative comment since joining the forum. Haven’t you realised Mary is a sabateur from Eye on Spain????

    @Mary Hinge wrote:

    Now charlie, isn’t there a field with bulldozer on it and a glossy pdf document that has your name on it?.

    Nope, went to court and got all our money back.
    Just won a damages case as well –
    but appreciate your concern. 😉

  • #92915
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Fuengi
    Read the thread title and the opening post. It’s only purpose is to stimulate ding-dong (‘tense’) debate. 😆

    (though failing rather miserably – I don’t think it will even qualify for the Step Outside forum, it’s not good enough even for that).
    Only ‘Just Frank’ is the master at that, come back Frank, all is forgiven!

    Personally I hope it remains here as an example how NOT to construct a thread, started by someone who has never contributed a constructive/informative comment since joining the forum. Haven’t you realised Mary is a sabateur from Eye on Spain????

    @Mary Hinge wrote:

    Now charlie, isn’t there a field with bulldozer on it and a glossy pdf document that has your name on it?.

    Nope, went to court and got all our money back.
    Just won a damages case as well –
    but appreciate your concern. 😉

  • #93116
    Profile photo of Anonymous
    Anonymous
    Participant

    Good for you Charlie, you’ve nearly hit 2,000 posts, 3 years later you’re back to square one.

    Thats about as long as it took to me to qualify as an accountant.

    Have you thought about playing Monopoly?, its usually over in a couple of hours 😆 .

    I love this place, they say Rome wasn’t built in a day, it have took you lot 10 years to get through planning and discuss whether the macroeconomic environment was right to start, and its been ages since I did GSCE Economics 😉 .

  • #92916
    Profile photo of Anonymous
    Anonymous
    Participant

    Good for you Charlie, you’ve nearly hit 2,000 posts, 3 years later you’re back to square one.

    Thats about as long as it took to me to qualify as an accountant.

    Have you thought about playing Monopoly?, its usually over in a couple of hours 😆 .

    I love this place, they say Rome wasn’t built in a day, it have took you lot 10 years to get through planning and discuss whether the macroeconomic environment was right to start, and its been ages since I did GSCE Economics 😉 .

  • #93117
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    3 years later you’re back to square one.

    Tut, tut Mary – as a qualified economist you should know that assumptions should have at least some basis re. facts. But this is where you always go wrong.
    And with your investments in Polaris World and Bulgaria, I doubt your original investments are anywhere near square one. Minus…..what ?????

    I’m happy ‘treading water’ property-wise at the moment, with my original investment money appreciating about 20,000 euros a year in the bank these last years.
    That leaves plenty of money to holiday each year whenever I want, wherever I want.
    And that’s without an enconomics degree – so guess who’s the one smiling?

    But keep poking fun if it makes you feel better about your disasterous investments – we’re all here to help. 😀

  • #92917
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    3 years later you’re back to square one.

    Tut, tut Mary – as a qualified economist you should know that assumptions should have at least some basis re. facts. But this is where you always go wrong.
    And with your investments in Polaris World and Bulgaria, I doubt your original investments are anywhere near square one. Minus…..what ?????

    I’m happy ‘treading water’ property-wise at the moment, with my original investment money appreciating about 20,000 euros a year in the bank these last years.
    That leaves plenty of money to holiday each year whenever I want, wherever I want.
    And that’s without an enconomics degree – so guess who’s the one smiling?

    But keep poking fun if it makes you feel better about your disasterous investments – we’re all here to help. 😀

  • #93118
    Profile photo of Anonymous
    Anonymous
    Participant

    great reply KATY as usual.
    as useful as a chocolate log.
    anyway should’nt you be back at school

  • #92918
    Profile photo of Anonymous
    Anonymous
    Participant

    great reply KATY as usual.
    as useful as a chocolate log.
    anyway should’nt you be back at school

  • #93119
    Profile photo of Anonymous
    Anonymous
    Participant

    Oh dear – Hinge and Thornton on the same page. 😯
    I feel a Tweedle-Dum and Tweedle-Dee moment coming on. 😆

  • #92919
    Profile photo of Anonymous
    Anonymous
    Participant

    Oh dear – Hinge and Thornton on the same page. 😯
    I feel a Tweedle-Dum and Tweedle-Dee moment coming on. 😆

  • #93120
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    I’m happy ‘treading water’ property-wise at the moment, with my original investment money appreciating about 20,000 euros a year in the bank these last years.

    Charlie, i’ve said before and i’ll say again, property is a rich mans toy. The so called ‘investor’?, if they think buying property in Spain is an ‘investment’, they shouldn’t be there in the first place or prepared to lose there shirt.

    Your not an investor, I would doubt anyone on this forum is an investor ‘as such’, a speculator perhaps, you’re a Charlie.

  • #92920
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    I’m happy ‘treading water’ property-wise at the moment, with my original investment money appreciating about 20,000 euros a year in the bank these last years.

    Charlie, i’ve said before and i’ll say again, property is a rich mans toy. The so called ‘investor’?, if they think buying property in Spain is an ‘investment’, they shouldn’t be there in the first place or prepared to lose there shirt.

    Your not an investor, I would doubt anyone on this forum is an investor ‘as such’, a speculator perhaps, you’re a Charlie.

  • #93121
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    The second leg?, why a second leg?. What is this second leg?. Why will it be nastier?.

    The retiring baby boomers gain a hell of a lot of money in the period ’95 to ’07?, assuming home owners.

    What do you think a cocktail of quantitive easing and lowest interest rates ever is going to do?, banks are being subsidised at any cost (usually free money). I don’t see the banking collapse happening do you?, no one will let it.

    But again there is no one market.

    The retiring baby-boomers lost massively in 2000-2002, then gain some in 2002-2007 and then again lost massivelyin the last 2 years.

    The rest of what you wrote reveals a great lack of understanding, get some education on modern economy. You might have an economic degree but it does not help in the current situation.

    After you do your homework, come back and we can discuss more, till then you are just wasting everybody’s time here.

    OK ,in order to answer your possible question: among classes I am teaching one is about “Modern Financial Mathematics” so I need to be updated with the latest developments even if economics was not my Ph.D. subjects…

  • #92921
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    The second leg?, why a second leg?. What is this second leg?. Why will it be nastier?.

    The retiring baby boomers gain a hell of a lot of money in the period ’95 to ’07?, assuming home owners.

    What do you think a cocktail of quantitive easing and lowest interest rates ever is going to do?, banks are being subsidised at any cost (usually free money). I don’t see the banking collapse happening do you?, no one will let it.

    But again there is no one market.

    The retiring baby-boomers lost massively in 2000-2002, then gain some in 2002-2007 and then again lost massivelyin the last 2 years.

    The rest of what you wrote reveals a great lack of understanding, get some education on modern economy. You might have an economic degree but it does not help in the current situation.

    After you do your homework, come back and we can discuss more, till then you are just wasting everybody’s time here.

    OK ,in order to answer your possible question: among classes I am teaching one is about “Modern Financial Mathematics” so I need to be updated with the latest developments even if economics was not my Ph.D. subjects…

  • #93122
    Profile photo of Anonymous
    Anonymous
    Participant

    Am disappointed in that reply Mary, just picking up on pedantics. 🙁
    Oh well.

    Re. “Your not an investor”

    Not having the advantage of being an economist like you, I’m afraid I am reduced to taking a more simplistic view. For me, any money put anywhere is ‘investing’ for whatever reason, even for lifestyle reasons which is why I purchased in Spain.
    No, I’m not a professional ‘investor’ – I love Spain, wanted to move to live there permanantly which is why I originally bought there. But by the same token, given a choice, I wouldn’t want the equity in my new home to go downwards. Call me nuts but that is an important consideration for me.

    One definition of ‘investing’ – “There is an expectation of a favorable future”.
    I feel it’s not wise to have money tied up in property in Spain at the moment and there certainly is not an ‘expectation of a favourable future’ -at least not in the near future. So feel lucky I’m ‘out’.
    Financially, I’m doing just fine and no complaints, keeping my capital safe and growing.

    I can’t agree with “property is a rich man’s toy”. I’m certainly not ‘rich’ but the money I have accumulated has been through buying/selling my home wisely over the years.

    All just in my opinion of course and feel very relaxed in life being in the position I’m in.
    All attempts at altering this are water off a duck’s back I’m afraid Mary but you’re welcome to keep trying.

  • #92922
    Profile photo of Anonymous
    Anonymous
    Participant

    Am disappointed in that reply Mary, just picking up on pedantics. 🙁
    Oh well.

    Re. “Your not an investor”

    Not having the advantage of being an economist like you, I’m afraid I am reduced to taking a more simplistic view. For me, any money put anywhere is ‘investing’ for whatever reason, even for lifestyle reasons which is why I purchased in Spain.
    No, I’m not a professional ‘investor’ – I love Spain, wanted to move to live there permanantly which is why I originally bought there. But by the same token, given a choice, I wouldn’t want the equity in my new home to go downwards. Call me nuts but that is an important consideration for me.

    One definition of ‘investing’ – “There is an expectation of a favorable future”.
    I feel it’s not wise to have money tied up in property in Spain at the moment and there certainly is not an ‘expectation of a favourable future’ -at least not in the near future. So feel lucky I’m ‘out’.
    Financially, I’m doing just fine and no complaints, keeping my capital safe and growing.

    I can’t agree with “property is a rich man’s toy”. I’m certainly not ‘rich’ but the money I have accumulated has been through buying/selling my home wisely over the years.

    All just in my opinion of course and feel very relaxed in life being in the position I’m in.
    All attempts at altering this are water off a duck’s back I’m afraid Mary but you’re welcome to keep trying.

  • #93123
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    Haven’t you realised Mary is a sabateur from Eye on Spain????

    It might be, I only went twice to that site and it really is a waste of time…

  • #92923
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    Haven’t you realised Mary is a sabateur from Eye on Spain????

    It might be, I only went twice to that site and it really is a waste of time…

  • #93124
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    you’re a Charlie.

    I’m not actually – it’s my dog’s name. 😆

    Remember what I said about assumptions?

  • #92924
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    you’re a Charlie.

    I’m not actually – it’s my dog’s name. 😆

    Remember what I said about assumptions?

  • #92962
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    The second leg?, why a second leg?. What is this second leg?. Why will it be nastier?.
    .

    As part of your economics re-education, try to start reading articles as such

    http://finance.yahoo.com/news/Euro-zone-unemployment-hits-apf-2455056912.html?x=0&sec=topStories&pos=1&asset=&ccode=

    or

    http://finance.yahoo.com/news/June-jobless-rate-seen-rising-apf-749843232.html?x=0&sec=topStories&pos=main&asset=&ccode=

    Then you’ll start to understand.

  • #93162
    Profile photo of Anonymous
    Anonymous
    Participant

    @Mary Hinge wrote:

    The second leg?, why a second leg?. What is this second leg?. Why will it be nastier?.
    .

    As part of your economics re-education, try to start reading articles as such

    http://finance.yahoo.com/news/Euro-zone-unemployment-hits-apf-2455056912.html?x=0&sec=topStories&pos=1&asset=&ccode=

    or

    http://finance.yahoo.com/news/June-jobless-rate-seen-rising-apf-749843232.html?x=0&sec=topStories&pos=main&asset=&ccode=

    Then you’ll start to understand.

  • #92964
    Profile photo of Anonymous
    Anonymous
    Participant

    flosmichael – I remember reading this article months ago, so knew all about your ‘second leg’ 😉

    http://www.telegraph.co.uk/finance/comment/2785382/The-second-leg-of-the-credit-crunch-looks-to-be-even-uglier.html

    “The second leg? What is this second leg? Why will it be nastier?”.
    Read it Mary, it will help keep you up to speed.

  • #93164
    Profile photo of Anonymous
    Anonymous
    Participant

    flosmichael – I remember reading this article months ago, so knew all about your ‘second leg’ 😉

    http://www.telegraph.co.uk/finance/comment/2785382/The-second-leg-of-the-credit-crunch-looks-to-be-even-uglier.html

    “The second leg? What is this second leg? Why will it be nastier?”.
    Read it Mary, it will help keep you up to speed.

  • #92965
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    flosmichael – I remember reading this article months ago, so knew all about your ‘second leg’ 😉

    http://www.telegraph.co.uk/finance/comment/2785382/The-second-leg-of-the-credit-crunch-looks-to-be-even-uglier.html

    “The second leg? What is this second leg? Why will it be nastier?”.
    Read it Mary, it will help keep you up to speed.

    Hi Charlie,
    sorry, that message was purely addressed to “Mary”. She/he seems to believe that everything is now rosy….

  • #93165
    Profile photo of Anonymous
    Anonymous
    Participant

    @charlie wrote:

    flosmichael – I remember reading this article months ago, so knew all about your ‘second leg’ 😉

    http://www.telegraph.co.uk/finance/comment/2785382/The-second-leg-of-the-credit-crunch-looks-to-be-even-uglier.html

    “The second leg? What is this second leg? Why will it be nastier?”.
    Read it Mary, it will help keep you up to speed.

    Hi Charlie,
    sorry, that message was purely addressed to “Mary”. She/he seems to believe that everything is now rosy….

  • #92966
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    @charlie wrote:

    flosmichael – I remember reading this article months ago, so knew all about your ‘second leg’ 😉

    http://www.telegraph.co.uk/finance/comment/2785382/The-second-leg-of-the-credit-crunch-looks-to-be-even-uglier.html

    “The second leg? What is this second leg? Why will it be nastier?”.
    Read it Mary, it will help keep you up to speed.

    Nice article from 15 months ago.

  • #93166
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    @charlie wrote:

    flosmichael – I remember reading this article months ago, so knew all about your ‘second leg’ 😉

    http://www.telegraph.co.uk/finance/comment/2785382/The-second-leg-of-the-credit-crunch-looks-to-be-even-uglier.html

    “The second leg? What is this second leg? Why will it be nastier?”.
    Read it Mary, it will help keep you up to speed.

    Nice article from 15 months ago.

  • #92967
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    Just shows how long it is since you’ve been keeping up.

  • #93167
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    Just shows how long it is since you’ve been keeping up.

  • #92968
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    @charlie wrote:

    I can’t agree with “property is a rich man’s toy”. I’m certainly not ‘rich’ but the money I have accumulated has been through buying/selling my home wisely over the years.

    I made mine by working hard, looks like buying in fields on the back of glossy pdfs is the way to go.

  • #93168
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    @charlie wrote:

    I can’t agree with “property is a rich man’s toy”. I’m certainly not ‘rich’ but the money I have accumulated has been through buying/selling my home wisely over the years.

    I made mine by working hard, looks like buying in fields on the back of glossy pdfs is the way to go.

  • #92969
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    @flosmichael wrote:

    3) UK soon starts the second leg of the W recession. The second leg will be nastier.

    What’s happened since Mar ’08, did it take a round the world cruise.

  • #93169
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    @flosmichael wrote:

    3) UK soon starts the second leg of the W recession. The second leg will be nastier.

    What’s happened since Mar ’08, did it take a round the world cruise.

  • #93170
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    @flosmichael wrote:

    @Mary Hinge wrote:
    The second leg?, why a second leg?. What is this second leg?. Why will it be nastier?.
    .

    As part of your economics re-education, try to start reading articles as such

    http://finance.yahoo.com/news/Euro-zone-unemployment-hits-apf-2455056912.html?x=0&sec=topStories&pos=1&asset=&ccode=

    or

    http://finance.yahoo.com/news/June-jobless-rate-seen-rising-apf-749843232.html?x=0&sec=topStories&pos=main&asset=&ccode=

    Then you’ll start to understand.

    Understand what?, how to pick stories of USA employment rates off yahoo and paste them on a Spanish property forum.

    Read the opening post against 😛 . You would expect someone would come along and say something about Spain, you just illustrated the point I was making.

    On a thread taking the piss about how no one can say anything directly about Spain instead post obscure macroeconomic likes, you posted a US unemployment link 😆 😆 😆 .

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