Re: Re: Heroic Spain is damned if it does, and damned if it does

#117038

Anonymous
Participant

@angie wrote:

Hah! Marcos, but Mark was elated by saying it’s ‘values that count not volume’, whereas most economists would point to volumes that are needed which is pretty obvious to solve this huge overhang of properties for sale 🙄

I wasn’t elated about anything, thank you. I was just making the point in an obviously jokey way that the amount of money you get is typically more important than the volumes you sell. If you sell lots of units at a loss, then you just make a bigger loss with every unit you sell. But of course Spain needs to sell lots of homes, so volumes are important too.