Reply To: Spanish Real Estate Bubble bursts

#71612
mike
Participant

@mg wrote:

“Looking beyond any accusations of xenophobia, do you think there may be a reason why the Brits are so fond of property?”
Before the time you mention, Brits would look on a house as a home, now many see it as a way of making money without having to work for it!!!!!!
Until things go wrong that is.

Thanks, mg. I seem to remember that we learned that lesson in the early 90s but we may have forgotten it in all the recent hysteria. Looking on the bright side, we got through that period and a lot of us prospered thanks to housing.