Start Equity Releasing.

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    • #54468
      Anonymous
      Participant

      Assuming you have equity πŸ˜‰ and are on a tracker.

      3% Base rates.

      Cash no longer is ‘King’.

    • #87460
      Anonymous
      Participant

      And bricks and mortar is?

      Figures just released show that houses in UK have slumped 15% in a year and it’s set to get worse.

      Plus 3% a year is better than minus 15% in my book.

    • #87462
      Anonymous
      Participant

      @charlie wrote:

      And bricks and mortar is?

      Figures just released show that houses in UK have slumped 15% in a year and it’s set to get worse.

      Plus 3% a year is better than minus 15% in my book.

      I was talking about buying shares, only a daft wally would spend all day on a forum trying to talk Spain into a ‘recession’ so it will one day be an ‘investment’.

    • #87465
      Anonymous
      Participant

      Are they like the daft wallies who bought at Polaris World? πŸ™„

    • #87472
      Anonymous
      Participant

      @charlie wrote:

      Are they like the daft wallies who bought at Polaris World? πŸ™„

      Got to play golf somewhere πŸ˜› . But if you seriously think you’re going to make big bucks in Spain, you just might die beforehand. No talking about it on here is going to make it happen.

    • #87480
      Anonymous
      Participant

      Never wanted “to make big bucks” in Spain – I’ll leave that to the ‘clever ones’. Just a (legal) home will do.
      Don’t worry on my account Mary, I’m lucky enough to have my money out of Spain at the moment. Just sitting and watching. 8)

    • #87482
      Anonymous
      Participant

      @charlie wrote:

      Don’t worry on my account Mary, I’m lucky enough to have my money out of Spain at the moment. Just sitting and watching. 8)

      It appears most of high profile posters on here are armchair ‘i’m just sitting and waiting’ fans of Spain, there’s you, fluffyfloss and I seem to remember some chap who spent his life on here giving us his indepth Spanish experience of a couple of holidays a year (possibly the artist currently known as fluffyfloss – the name has changed but the headlines appears somewhat the same).

      I’m thinking of joining a turkey forum and posting ‘well i’m just sitting and waiting’ 2,000 times and finding some article about ryanair cancelling hot food on the flights over there and saying things like ‘is this the death of turkey’.

    • #87492
      Anonymous
      Participant

      Oh goodness, trashing your own thread Mary. That’s a first. Still, it makes a change from you trashing other people’s I suppose, your usual modus operandi.

      @Mary Hinge wrote:

      I’m thinking of joining a turkey forum….

      Look – if it rings your bell, you go for it.
      You’ll probably find a bunch of other turkeys in there from Polaris World so you should feel quite at home.
      Or were you trying to mean a Turkish forum?

      Perhaps I’m a bit more cautious and wiser having already bought once into a corrupt Spanish development, and thereafter having to fight for many years to get my money returned from a bunch of liars. Nothing like a long court case to concentrate the mind on being more wary second time around. I’m also aware of the misery of many still caught up in the current mess of corruption, mostly through no fault of their own despite what some may say. Talking the market up or down – not really my thing and of no personal interest. But I will continue to voice any thoughts/observations I may have on SPI if that’s alright with you.
      I didn’t realise that being a Polaris World owner made one such an authority on Spanish matters that it automatically gave the right to ridicule the quality of other members’ contributions.

      Meanwhile, my armchair feels pretty good right now and I shall continue to sit in it until I feel the time is right to make a move.

      I have a feeling it’s going to be a little while yet………..

    • #87493
      Anonymous
      Participant

      Naturally having a bad buying experience would make anyone nervous and I don’t blame anyone for staying put.

      But I personally find Spain a lovely place, hot hot hot aswell 😳 , I’ve only seen bits unlike many on here who appear to now everything about everything by reading the Sun and Daily Mail and their frequent holidays.

      Well what can I say, I guess certain of us Polaris World people are blessed πŸ˜€ . Although its horses πŸ˜‰ for courses as they say, buyer beware etc, do your own research etc etc, don’t think its sre fire way to becoming a millionaire πŸ˜€ .

      Remember Don’t be a Charlie, do plenty of research, don’t buy offplan, only buy what you can afford.

    • #87497
      Paul
      Blocked

      Mary, to trust buying in Turkey would be like buying in Spain when the commission crazed sales people were misleading buyers big time a while ago. What they did and still do, is completely con purchasers by fraudulent claims about resales and growth, whilst not pointing out any of the many pitfalls.

      It’s easy for you to say ‘do your research’ etc now, but ‘then’ was a different matter, and even if you do research it can’t be trusted. It’s easy for agents to blame the greed on buyers rather than themselves.

      Both Turkey and Polaris world are best avoided at all cost, along with many other countries (emerging markets) and Companies.

      As for the impotent Spanish Government, well they are highly responsible for allowing things to get out of hand without punishing the crooks, as will the Bulgarian and Turkish Gov’ts too.

      But just my opinion πŸ˜‰

    • #87501
      Anonymous
      Participant

      Nothing changes much does it.

    • #87505
      Anonymous
      Participant

      Remember Don’t be a Charlie, do plenty of research,

      IMHO, Charlie gets top marks for research on a wide number of topics that are discussed on this forum. People would do well to follow by example and “be a Charlie” . πŸ˜‰

    • #87520
      Anonymous
      Participant

      un-hinged

    • #87521
      Anonymous
      Participant

      Claire

      well said. I think a Hairy Minge just needs a bit of attention sometimes!

    • #87523
      Anonymous
      Participant

      πŸ˜† πŸ˜† Most definitely!!

    • #87524
      Paul
      Blocked

      Thank goodness for people like charlie on the forum, wise advice from 1st hand experiences of the crooked Spanish property market.

      Now add the Turkish, Bulgarian, Thai, Cape Verde, Brazilian, Cypriot, Egyptian, South African and Uncle Tom Cobbly emerging markets where many of the Costa crooked estate agents have re-invented themselves, such as Awful Estates etc, to fleece yet more unwary buyers whilst pocketing their excessive commissions.

      Wary of Mary! πŸ™„

    • #87528
      Anonymous
      Participant

      Paul

      on another thread today there is mention of agents having to register with the government before being allowed to operate. If only a government dep’t could be set up to only allow agents to operate once they have past certain strict critiria including the very important history, with regular and frequent checks, and harsh instant penalties for those who de-fault. If this was extended to the construction and legal side of purchase also, it could probably transform the market almost overnight?……. IF the Spanish could be trusted to go by the book and not the brown envelope???

      ……yeah i know, cloud cukoo land, but something like this is sooooooo needed i think, and should benifit everyone trying to keep things above board.

    • #87529
      Anonymous
      Participant

      I’m not sure that I’m reading this right. In these wildly uncertain times, are you suggesting Mary that people should increase their debt in order to speculate in the stock market?

    • #87533
      Anonymous
      Participant

      “IF the Spanish could be trusted to go by the book and not the brown envelope??? “

      Dream on !!!! generations of doing things & not even blinking an eye that it is wrong will take generations to change. Sadly we cannot start with the current generation as they are thick into it.

      If and when things change we & another few our generations will be long gone from this planet.

    • #87546
      Anonymous
      Participant

      shakeel

      You might well be right. Perhaps though if the current situation gets even worse, and those being exposed are seen as being to blame for things getting so bad, the process of accepting right from wrong and acting on it might be bought forward a few years?

    • #87549
      Paul
      Blocked

      Goodstich, what you say makes good sense, it’s not rocket science as they say, so you would think the Spanish Gov’t (IMO also implicit in the corruption) could by now have introduced proper regulation of agents etc, and at the same time, punished the crooked agents.

      Spain has constantly turned a blind eye to all this property corruption, but despite all the media and Press releases on this, they still ignore the issue.

      The Spanish Gov’t is as guilty as the crooked agents, developers and lawyers it allows to operate.

      Until it changes it’s stance, nothing will change and Spanish property will always be risky.

    • #87550
      Anonymous
      Participant

      What about all the coruption in Ireland?

    • #87555
      Anonymous
      Participant

      Paul

      amazing isn’t it. So many people i think are seeing this as just a common sense thing to do, and probably the only way of moving forward, yet those in the position to action change, still seem oblivious to criticism! No doubt because so much more depends on whose pockets are being lined rather than if right or wrong decisions are being made. And as you say, that starts at the very top sadly.

      I can hear people saying ” what about corruptions in other Euro zones”, but i don’t think anywhere has perfected the art of ignoring common sense, justice, and media criticism for so long as the Spanish authorities.

    • #87556
      Paul
      Blocked

      As this is the SPI website, most of the criticism is about Spanish property corruption and as Goodstich says ‘Spain has perfected the art’, in my opinion has led the way for other countries to follow, without taking any steps to stop it.

      Ireland’s construction industry is miniscule compared to Spain’s.

      It’s obvious that at the highest level (Spanish Gov’t) IMO, backhanders are what grease the palms for allowing :illegal build, overbuild, Land Grab, poor build quality, defacing the landscape, crooked estate agents, little punishment, lengthy Court procedures etc etc

      Spain should be punished by the European Courts.

    • #87563
      Anonymous
      Participant

      @forestfire wrote:

      I’m not sure that I’m reading this right. In these wildly uncertain times, are you suggesting Mary that people should increase their debt in order to speculate in the stock market?

      Why increase their Debt?. Why would you increase debt to invest in Shares?. Just beggars belief?.

      and it worked wonders for Warren Buffett. This is time he invests, but not necessarily via debt.

    • #87564
      Anonymous
      Participant

      @Claire wrote:

      Remember Don’t be a Charlie, do plenty of research,

      IMHO, Charlie gets top marks for research on a wide number of topics that are discussed on this forum. People would do well to follow by example and “be a Charlie” . πŸ˜‰

      But didn’t he get his fingers burned?. I mean getting your fingers burned, sitting on your hands and quoting a few newspaper headlines isn’t exactly ‘insight’.

    • #87565
      Anonymous
      Participant

      THOUSANDS of people got their fingers burned in Spain, myself included. πŸ™„ Charlie won her Court case and got all of her money back +interest + costs…as we did. None of this was done by sitting on our backsides. I can tell you for a fact, Charlie has probably done more research than all the members of this forum put together, when it comes to the corruption in Spain. I would even go so far as to say, with help from a family member, after several meetings and conversations with many people at Marbella Town Hall, she was probably instrumental (in a small way and from the consumers side πŸ˜‰ )in the discovery of the scale of the corruption in Marbella Town Hall. You need to go back many pages, circa 2004/5 to see the extent of her research. Far more information was passed “behind the scenes “of SPI as many many people could vouch for.

    • #87566
      Anonymous
      Participant

      @Claire wrote:

      THOUSANDS of people got their fingers burned in Spain, myself included. πŸ™„ Charlie won her Court case and got all of her money back +interest + costs…as we did.

      Women, what can you do with them πŸ˜› . Well Frank seems to want to marry most of them πŸ˜€ . As I said before do your own research, caveat emptor and all that.

    • #87568
      Anonymous
      Participant

      Women, what can you do with them πŸ˜›

      .

      Listen & Learn! πŸ˜‰

    • #87573
      Anonymous
      Participant

      @Claire wrote:

      Women, what can you do with them πŸ˜›

      .

      Listen & Learn! πŸ˜‰

      How we stuffed it all up πŸ˜‰ ❓ .

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