Spanish property - Negative Equity

dexter_fan

without taking 'trade' from this forum, other websites you could try to give useful information is eyeonspain and spanishpropertyinsight

DF

sheslookinhot

Is this not a classic case of the OP extending themselves financially by buying a property, rather than the fall in property values. Always worth taking financial advice on the affordability of a second home/property abroad before plunging in.

nearlynew

HAMISH_MCTAVISH wrote: »

The 250,000 is from ONS, and reported in the July Nationwide housing market report.

Government statistics are all lies and misinformation.


Anyone who relies on them to formulate an opinion or investment decision is, by definition, an idiot.


The next few years are not going to follow the pattern of the last few years.

julieq

Oh come off it. The ONS is an independant body which publishes properly constitued research and its methodologies and assumptions. It's not a government mouthpiece.

And incidentally it's not in any generally accepted definition of an idiot that they accept ONS statistics. You're a bit mixed up there.

nearlynew

julieq wrote: »

Oh come off it. The ONS is an independant body which publishes properly constitued research and its methodologies and assumptions. It's not a government mouthpiece.

And incidentally it's not in any generally accepted definition of an idiot that they accept ONS statistics. You're a bit mixed up there.

:rotfl:


Please stop it.


My sides are aching and I can't take any more.

julieq

Ok, then, explain why you think the ONS is telling lies, give some evidence, and I'll prove you wrong.

You won't of course, because you're talking rubbish. All you'll do is launch a few put downs with smileys, because just as Mewbie used to do, it's far easier to ridicule someone than to engage in arguments you can't win.

You won't believe the ONS because what its research is showing is contrary to what you want to believe. Behaving like a sulky toddler and putting your fingers in your ears won't change that, but it does explain why you and the other bears have consistently called this crisis wrong.

Pobby

julieq wrote: »

Ok, then, explain why you think the ONS is telling lies, give some evidence, and I'll prove you wrong.

You won't of course, because you're talking rubbish. All you'll do is launch a few put downs with smileys, because just as Mewbie used to do, it's far easier to ridicule someone than to engage in arguments you can't win.

You won't believe the ONS because what its research is showing is contrary to what you want to believe. Behaving like a sulky toddler and putting your fingers in your ears won't change that, but it does explain why you and the other bears have consistently called this crisis wrong.

Interesting. Just be thankful that we have a government that can come out with the Band Aids. The problem is that we have had a boom in housing. End of. Imho we are in a stand by situation. With IRs @ 0.5% we have a serious problem. Namely we are using emergency actions to stop this country collapsing on itself.

But Band Aids it is. It`s buying time. The real brown stuff will hit the fan shortly when we have to do something about the " funny money ".

Spitroast

sheslookinhot wrote: »

Is this not a classic case of the OP extending themselves financially by buying a property, rather than the fall in property values. Always worth taking financial advice on the affordability of a second home/property abroad before plunging in.

How does this help me???

Pobby

Sorry, it`s the usual houses going up, houses going down debate. My question to you would be is how much is the mortgage on the place, how old you are you if you decide to get out and take the hit. At my age I can`t afford to take any hits but say if I was in my 30`s it might be a different situation.

Is there any chance to let it out all year round at the local residential rent? I think I have a co worker with a problem similar to you.

ss70

HAMISH_MCTAVISH wrote: »

The UK built just 150,000 to 200,000 per year, for a population of 60 million people, that is now growing by 400,000 people per year, and we only built 80,000 last year.

Only 80,000 built last year because builders built a HUGE over supply of new builds across the UK which they haven't been able to sell.

This is why builders have been doing part exchanges for old houses, they just can't get rid of the stock they are stuck with.