MORE WOE BROUGHT ON BY CREDIT SQUEEZE

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06 Sep 2008 4:13 PM by Max Kite Star rating in Castilléjar, Granada. 308 posts Send private message

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Always happy to make someone smile!

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06 Sep 2008 6:05 PM by Smiley Star rating in San Pedro de Alcanta.... 2502 posts Send private message

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More likely Popeye got him eating spinach doused in Olive Oil - guess that should help Spains Balance of Payments then. Fibby youre so easily pleased - then again as a Chelsea supporter you would need to be - what will big Phil do now that the City of Manchester has a bigger budget! Think I am going to start following a different league - its all too much now the oligarchs are throwing their billions at it. Why dont they do something more worthwhile with their dough - such as kick start the global property markets - or lend their money as mortgages cheaper than the banks - surely more worthwhile than spending it on another midfielder, striker, keeper or defender who will make headlines for the wrong reasons and then tell the world he is treated like a slave!

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06 Sep 2008 9:04 PM by Max Kite Star rating in Castilléjar, Granada. 308 posts Send private message

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Sorry, fell asleep during the football bit.

Get the point about Russian oligarchs, but in the grand scheme of things, isn't all of their money a tiny proportion of the stuff slushing around in the banking system?

Why are oligarchs in such a hurry anyway? - sorry, another one for Fibby.  I promised to make BETTER jokes, not worse ones!

I have just seen a round robin on the E mails about a ski slope in Dubai.  No seriously!  A SNOW covered ski slope in a country where the temeperatures go up to 50ºC (I've been there - I know).

Crisis - WHAT crisis?



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07 Sep 2008 7:28 AM by FibbyUK Star rating in UK, Surrey & Playa F.... 2349 posts Send private message

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Sorry to have taken sooooooo long to reply Smiley & Max.
But being only the other half of a Chelsea fan, I only have half the brain.

It took me ages to think what Oligarch meant.
Then, like a magnate, I was drawn to the answer.................Google!!

Ah well, you live & learn, thanks guys!

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07 Sep 2008 2:43 PM by Max Kite Star rating in Castilléjar, Granada. 308 posts Send private message

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Have just seen this in last Saturday's Torygraph.....






I wonder if the builders working on Corvera new airport know!????

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08 Sep 2008 9:00 PM by Rob in Madrid Star rating in Madrid. 274 posts Send private message

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talked to a friend who works at a bank and he said the same thing. Banks are really tigening, used to be 8 times your salary (what exactly does that mean) upto 120% of the value of the house. Now it's 4 times your salary and only 80% of the realistic house value. an important distintiction. All of which means house prices have to drop to reflect that.

From a previous post

I agree with you that renting CAN be considered dead money - however
it really depends on house prices to rent. Rents here run 700 to 900 a month whereas I've meet several people who recently bought places and there mortgage payments were an eye popping 2400 euros a month. In that case house prices are way overvalued and your better off renting.

The best time (from an investment point of view) to buy a house is a few years after a big boom, when prices have declined and started the slow climb. Buy then and you'll "double" money in a few short years. Buy when prices have peaked, as is happening in Canada and you'll wait many many years for your money to double.

Wimpey

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Decided after all I don't like Spanish TV, that is having compared both.




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08 Sep 2008 9:35 PM by Smiley Star rating in San Pedro de Alcanta.... 2502 posts Send private message

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have answered the point on income under the Euribor rates thread.

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14 Sep 2008 8:07 PM by Rob in Madrid Star rating in Madrid. 274 posts Send private message

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thanks, I reposted it in the other thread as it made more sense.

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Decided after all I don't like Spanish TV, that is having compared both.




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