Re: Re: Press articles about the Spanish property situation

#107143
Anonymous
Participant

I have always been astonished / disgusted by the number of Porsche Cayennes in Spain. It’s an obscene car on all fronts, and one that costs more than €60k to buy.

This article sheds some light on the kind of people buying them in the boom. Construction managers and restaurant workers, not exactly the super-rich. Even when they were doing well in the boom they would have been spending a big chunk of their income on a tasteless, ostentatious, gas-guzzling car – talk about skewed priorities. Now, of course, they can’t afford to run them. Serves them right.

http://www.businessweek.com/news/2011-12-13/spain-s-cayenne-crisis-spreads-to-bmw-as-sales-dry-up-cars.html