Sounds good to me.
there's been a lot of stories recently about several suicides as a result of the mortgage situation. from what i understand, in spain, even if you default and they take your house, you're still responsible for a shitton of money. there's no filing for bankruptcy.
But the problem there is that if the banks aren't lending to each other then they aren't handing out mortgages either. Cash buyers delight!!! The rich get richer and the poor get poorer as one mans loss is another mans gain.
Not sure. Probably, we did have a huge number of suicides of farmers during the mad cow epidemic when all their livestock were slaughtered. As far as I'm aware, Scandinavia has the highest rate of suicide due to seasonal disorder and most are young males.
I understand that. My question is whether or not listings like the one Perfexionist posted are accurate. To me, $285,000USD for that place seems kind of high for a country with 24% unemployment. I can find similar homes all over the world, with much better employment numbers. Would you say that listing is a fair assessment of its value?But the problem there is that if the banks aren't lending to each other then they aren't handing out mortgages either. Cash buyers delight!!! The rich get richer and the poor get poorer as one mans loss is another mans gain.
