Reply to: Ouch, what to say ?

[milanbenes]

says Miss Whiplash

you tell 'em AP

you go girl

Milan.

[alreadypacked]

In 2007, property prices in Spain were sky high. You could also get 1.5 Euros to a quid.

Now, property prices in Spain have fallen, but so has the pound (thanks to BoE and New Lie mismanagement).

As a sterling buyer, property in Spain is no cheaper than it was in the boom times.

Something to bare in mind.

For me a house is somewhere to earn money,
you either live there and earn money
you rent it and earn
make profit when you sell
or it cheap to live there on money you earned somewhere else


Spending 100's K on a villa or apartment in Spain didn't add up to me.
No chance of earning in Spain.
Security is an issue, so it may cost you more than rental income.
Prices were at the top of the market so no chance of making a profit from selling.
You could buy cheaper and live cheaper other places.

Same way buying in Ireland in the last 8 years didn't add up, buying in Spain didn't add up.
When you see these guys saying I thought I could get work as a tiller, they didn't really check it out.

Sorry no sympathy here.

[DimPrawn]

Worthless pound

In 2007, property prices in Spain were sky high. You could also get 1.5 Euros to a quid.

Now, property prices in Spain have fallen, but so has the pound (thanks to BoE and New Lie mismanagement).

As a sterling buyer, property in Spain is no cheaper than it was in the boom times.

Something to bare in mind.

[MarillionFan]

Nice volcano that island.

How's your 'ring of fire?'

[milanbenes]

Milan.

[TimberWolf]

The forecast is 19 degrees and sunny in Almeria today.

[milanbenes]

nice looking house though

and for £270,000 - looks interesting, wonder what the rental possibilities are

nice to the AU on the rebound

Milan.

[MarillionFan]

When you set yourself up with income in a different currency from your expenses/investments then really need to do your homework.
When you in addition to that also buys at the top of the marketand cannot tolerate a reduced revaluation then you have left yourself in the hands of the markets, where you have no control, with little margin for error.
It seems her demands for a grand life has triggered hybris.
I find it difficult to feel any sympathy with her.

WHS. All eggs in one basket. What do you expect.

I am looking for a holiday villa/house at the moment. Going to avoid mainland Spain and will be heading over to the canaries in April.

[ThomasSoerensen]

They dreamt of a better life on the Costas. Now villa values have HALVED, pensions have crashed - and they can't afford to come home. Now for the really bad news, it's about to get even worse | Mail Online

Milan.

When you set yourself up with income in a different currency from your expenses/investments then really need to do your homework.
When you in addition to that also buys at the top of the marketand cannot tolerate a reduced revaluation then you have left yourself in the hands of the markets, where you have no control, with little margin for error.
It seems her demands for a grand life has triggered hybris.
I find it difficult to feel any sympathy with her.

[Sysman]

Tales from the 1970s

My dad falls into that category, though he had the sense to buy several properties at £4.50.

My milkman bought a whole row of cottages at auction for a few hundred quid. Transaction done, he went off to count how many there were...


... and had to ask the tenants for their rent books because he didn't know how much they were paying...


... to think my parents threatened me with the prospect of being only a milkman after a poor school report.

Sigh.

[Sysman]

Like most thick people. Being over 55 and having bought a house for £4.50 when they were 28.

A bit more than £4.50, but I can't fault your logic. Hmm 1984? This woman is 62 so they might have bought in the 1970s when property was even cheaper.

A mate bought a roomy end terrace cottage in 1976 for 5K. It wasn't easy to get mortgages on older properties in those days, hence the low price, and his parents lent him the money.

[gingerjedi]

Like most thick people. Being over 55 and having bought a house for £4.50 when they were 28.

My dad falls into that category, though he had the sense to buy several properties at £4.50.

[Sockpuppet]

Some people are a bit thick, makes you wonder how they amassed a million in the first place.

Like most thick people. Being over 55 and having bought a house for £4.50 when they were 28.

[Sysman]

Some people are a bit thick, makes you wonder how they amassed a million in the first place.

Nice pension payout and selling their home in the UK would be my guess. Perhaps only the latter.

[Sysman]

History repeats itself.

The same happened to British pensioners in Spain in the early 1990s.