Re: Re: The Spanish Property Market in 2011?


Probably come out as one of the most stupidest financial tips of the year 🙄

Buy an overpriced bank property, mortgage yourself to the limit (don’t spanish mortgages have a high set up cost?). 11% oncosts for fees and taxes. Rental market dead. Yearly community fees and council taxes to pay. Unless prices rise by about 30% over the next couple of years it is a no brainer.

Why does everyone use that overworked quote from Buffet…it is correct but he wasn’t refering to the spanish property market 😆 There is also another quote from him. Can’t remember the exact words but it said to leave alone old asset booms which have since failed and try something different.