- This topic has 5 replies, 4 voices, and was last updated 17 years, 11 months ago by
waiting hawk.
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June 14, 2006 at 5:48 AM #6720June 14, 2006 at 6:26 AM #26793
lostkitty
ParticipantMy favorite is on page 7 or 8 – the guy sitting in his “minicasa”.
Apparently owning a home (vs renting) is highly valued in Spain, and the younger generations are ticked off because of the wild speculation – many many homes sit empty while they are stuck living with parents since incomes are nowhere near what is needed to buy the average home. So… they took to the streets to protest.
What ever happened to “dontbuyahouse.com” ? Working on it still?
June 14, 2006 at 8:13 AM #26805LookoutBelow
ParticipantYES ! Expect this to happen here by 08, after the ’07’ ARM majority reset. Revolutions are started this way. Better start dusting off the guillotine, Viva La France.
June 14, 2006 at 8:39 AM #26812ParticipantLookoutbelow – Have you read the series of books about Josphine Bonaparte – by Sandra Gulland? I read them both before and again after 9/11. It was spooky to read them after – so many parallels to our current situation politically – add to this RE collapse, healthcare costs, stock declines, pension reform(theft of pensions from the worker) and we really are setting up for public unrest. Hopefully not of the guillotine variety.
June 14, 2006 at 9:36 AM #26821Lickitysplit
Participant“YES ! Expect this to happen here by 08, after the ’07’ ARM majority reset.”
I have no sympathy for people who over leveraged themselves. No one forced them to buy; it was only their own greed and neglect to adequately research & plan that put them where they are. While I haven’t tried applying my very rusty spanish to the text of the article, I assume that these are young adults who are effectively priced out of the market thanks to “irrational exuberance”. For these I have much empathy.
June 14, 2006 at 10:17 AM #26835waiting hawk
ParticipantBoycott
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