Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Has the strength of the Spanish Market being Underestimated? › Re: Re: Has the strength of the Spanish Market being Underestima
Maybe Speculator isn’t the right term.
Anyone who purchase property via debt should be more liable for the debts of the banks than Taxpayers. Taxpayers are liable as well, via the inherent guarantee provided to them by the government. Government know this liability exists but are happy to keep quiet about when it provides an economic boom as it tends to get them re-elected.
The point is, its the governments fault for allowing banks to behave like they do. They control the banks and its its the same in every country.