bostonbubble.com

[igor S.]

(my language is the spanish and Basque) little english and french.

I live in Basque country in the midle of spain and france.

I am lawyer and gain 1.500 euros for month 18.000 in one year
my girlfriend worksin supermarket gains750euros month
and a worker of mercedes benz around 1.200

The apartment more cheap cost 250.000 of 70 meter (two room and cook)
a house(similar homer simpsons´s house) it´for our chalet and cost 2.000.000euros in the city but cost 1.200.000 in near village.

yes I have 28 years-old and i live with my parents The normal is 29 for go a way parents´s home in my country

This is a bubble?
I need 30 year for pay a apartment paying bank 1.342 euros all month.(france sistem)
ah! if the bank lends 25000 to me and I cannot pay sells my house. it sells it by 150000 I continue having 100.000

i am not fixed and my girlfriend not are fixed in the supermarket

Its similar in your country this situation.
thank you for readme

[igor s.]

www.burbuja.info

[john p]

If an apartment rent is 250 euro and a monthly cost to buy an apartment is 1,342 euros, I think it is better for you to rent until the price of the apartments lower.

You dudes over there in europe need to watch more professional wrestling and Will Farrell movies.

http://www.indyinsiders.com/pro/cwf0/6MainRikMackDIR5.jpg

http://images.smarter.com/blogs/frankthetank.jpg

[igor s.]

rent more cheap 700 euros the normal 800 euros

when the euribor was 3% 2 year ago was for bank 800 euros and rent 700

[igor s.]

http://www.alkila.net/busqueda/pisos/pisos_sea_VITORIA.php

[john p]

?They have built many new homes in Spain in the last 3 or 4 years correct?

?Are there too many new homes?

http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2007/05/01/pcostas01.xml

You have to study the data.

http://cache.eb.com/eb/image?id=66059&rendTypeId=4

[igor s.]

YES much has been built, my city is double or triple what it was 5 years ago.

But we have gone from 220,000 people to 240,000 by the immigration South America, former russia, African and Muslim countries, from 2% to 7% of foreigners.

Today I heard on the radio that there are 11,000 empty apartments, live anyone, nor are for rent. Only for speculation.

Citizen who need home in Vitoria (6500) and the goverment has built 1500 home news of oficial protection for this person this year.150.000 € but they only can sell for 150.000 (no speculation)

In 3 years, a floor of 150,000 has risen to 220,000 € (2004-2008)
The floor of my parents in 1996 of € 200,000 to € 532,000 NOW.

The person who sell houses has told a lady that her floor € 360,000 in the summer if luck would have it sold 230,000.
floor =apartment

I do not want to imagine what will be the coast: Ibiza, Marbella, Seville ,....

Those who believe in the bubble. We believe that there will be lowered from 50% in 3 years and will remain a long time.



In my city have fallen by 10% since your subprimes (July 2007). When will be our subprimes? ¿(July-2008)?

http://images.google.es/ ...truncated...

We have "minister of house"!

our minister
http://estaticos01.cache.el-mundo.net/elmundo/imagenes/2007/07/06/1183712413_3.jpg

God save google translate.




P.D. I´m not spanish, I´m Basque
http://en.wikipedia.org/wiki/Basque_Country_%28historical_territory%29

Editor's Note: This post was edited to abbreviate a URL which was widening the page due to the way that the forum software lays out posts. No other changes have been made, and the URL still points to the original destination - only its display has been shortened.

[Boston ITer]

Igor, there's a massive housing bubble in Spain as well as a slew of other Mediterranean countries and surprisingly, even the Black and Baltic seas.

What happened is that the easy credit, which started in the US, had spilled over into a worldwide speculative mania in housing in many countries except for places like Japan and Germany. Much of the recent European takeoff was assisted via the UK, through the City of London's banking partners with their Wall St allies. And I'm not even including the new aristocrats buying up whole neighborhoods in London's Chelsea and Kensington.

This is going to end very badly for everyone.

[igor s]

Honnorable MR.
Home´s Bubble
died in spain in 2007, having esxplotado after a serious inflation of property.

your dear, speculators, builders, developers, bankers, municipalities, political parties, we pray for your soul.

Pater noster qui is in caelis, santificatur nomen tuum.......ora pro nobis