Re: Re: Flash Mobs Thwart Foreclosures in Spain

#105403
Anonymous
Participant

Charlie, real estate prices are down 40% already if you compare sales prices from 2005 to 2011 ……….. in no go areas prices are down 75% and so called top areas maybe only 30%………..

regarding the repossesions in Spain, well, the party is just starting but will mainly affect the so called “working class” areas on the outskirts of cities/ towns……….. Rich Spaniards will always keep their savings in real estate; don’t forget it’s still the main area where they can pay a part in “black”…..