| Topic: | Re:Re:Re:Re:Re:sleeping in the park | |
| Posted by: | Jonathan Mun | |
| Date/Time: | 25/09/06 10:06:00 |
| Brit’s purchasing property in Spain is more likely to drive the local prices up and introduce higher inflation into the Spanish property market more than anything. Simple supply and demand. The average British investor is likely to have a much higher disposable income than the locals that live in the area. Let’s call a spade a spade, the only person benefiting from your property in Spain is yourself. You’ve likely paid more for the property than a local is able to and under better conditions (ie. Complete or mostly cash purchase). If you didn’t purchase the property then a local probably would have for a lower amount. Sure, the seller prefers to sell to a higher paying foreigner but it hardly helps the local economy. So while you’re implying that foreigners are “pillaging” the UK you’re doing exactly the same in Spain. Hypocritical much? I have no problems with foreign investors (some caveats of course) since I am one in this country but I can’t stand hypocrites. If this man in the park was hard working earlier in his life then why is he sleeping on the streets? I’m not being snide but have you asked him how he ended up there? What happened to his savings? |