Cuidadín where to get the savings.

Amancio Ortega could be the cause of the crash, which is taking Astroc to sell 5% in real estate he owned for a confrontation with Enrique Bañuelos, president of Astroc. The sale of participation represents a reimbursement of 1,300 million euros for the Galician businessman.

cut intereconomía.com

No penalty gives me that these wealthy gentlemen "suffer" these losses. Are really speculators, and if entered into Astroc already knew where he got.
Companies like this are the beneficiaries of the housing bubble, because ... where has left the major benefits of Astroc and the like? Maybe in the pockets of experienced home buyers?
In summary, the Sr.Bañuelos has achieved an impressive fortune in a few months and floors prices unattainable.

I have invested in the stock exchange, and not what I have done in real estate, which are no longer profitable, now the industry with more expectations for growth are the timber (required many whips, harness cipotecaditos to punish those who did not make the duties of mathematics) and the chemical sector, aupado by the incessant sales of lubricant (you need a lot of Vaseline to make them enter their mortgages by the c ... to speculators from 3 to be the fourth cipotecaron to become rich).
Soon, my montaré franchise "Tele-Sado" and your laugh of Amancio Ortega.

In line with the post of the 18th (yesterday "mortgage debt is growing at slower pace ... and so on.): Today press release from the ministry of housing:
http://www.mviv.es/es/index.php?option=com_content&task=view&id=850&Itemid=178

We said our beloved Trujillo:
"From the date of creation of the Ministry, the rise in the price of housing has been cut free by more than 60% since April 2004 prices went up 18.4% and now they do so by 7, 2% "

See how the thing is shared ...
"Regarding the overall index for housing, the biggest increase occurring in Ceuta and Melilla with a 13.2%, Galicia (12.2%), Murcia (9.3%) and the Balearic Islands with 8.9%. The lower increases occur in La Rioja (2.6%), Madrid (4.6%), Canary Islands (5.5%), the Basque Country (5.6%) and Asturias with an increase of 5.7%. "

Well, you're going to love it to Atila, especially in terms of firmness, something that "will put" a lot ...
http://www.elpais.com/articulo/economia/BCE/advierte/probables/subidas/tipos/recuerda/actuara/firmeza/elpepueco/20070419elpepueco_7/Tes

"The European Central Bank (ECB) warned in its monthly bulletin that its policy interest rates remain" accommodative "and that" will act with firmness in the right time "

Ummmm mario as I put the matter ...
still continues ... stronger!

Atila, get with Estefania (... forgiveness for the bad joke, but I've put up egg). Today in Invertia:
In the opinion of Stephanie Ponte, the Fortis group in Spain, "operators are Barajando ever more strongly the possibility that the Euribor rebound almost half a point more this year we all waited at the possibility that the European monetary authority does not be content with a rise in June but to conduct another in September to locate the money in the 4.25% "

Where does he get it from "the increases in rates of interest is to contain 4.0%"?

In the national press is said that interest "as much rise" to 4.0 ". In the international press has been detected that spain (ie: your credit bubble and its weak) and is a danger to the financial estabildiad the economy of the euro. Besides speaking of that interest will rise to 4.35%. Or more.

What more perception than reality of it!

One question to those who understand more the case than I:

What happens with a mortgage (payable 100) when the value of the house is 80?

Greetings to everyone s

Baires, I will answer you:
If you purchase your car 20,000 euros and ask for a loan to pay for it, and 4 days trying to sell the car, as much in the street will give you 18,000, bringing the value of your car will be brand new 18,000 but your will have a debt of 20,000.
With the floors, if passed down the same, that the market value is 30 but you asked for a credit of 50, which is what we have to pay back.
And poniendonos in an extreme case, imagine that when you purchase the car, two days as stars. That means that you will be without a car and still paying.
With a flat pass exactly the same thing, if you are burning or you fall apart (and there are no safe as with the car), will continue to pay the floor and you will have no where to sleep.

A small nuance, Frank, if this assumption that if we speak trying to sell the flat and do not come to liquidate the mortgage, can not be made the sale because the properties will have to sell free of charge (which is why there are notaries) . That is why there is so much in the U.S. embargo and auctions.

However, we must not be alarmist:

In Spain there is a very big demand for housing due to population growth, mainly due to immigration (foreigners also want to be owners). It is true that although prices will regularize a bit (20% according to analysts) would be very few who would lose money (carry-year growths in the value of housing over 15%).
If we buy to live and not to speculate and we have done well in the numbers, though we are "wrong" at the time of purchase will assume the payment of housing. The same thing happen to us that if we buy a car and the following month made an offer of a discount of € 5,000. We know very badly, we would say "that stupid!" But would still enjoy our new car, right?

Only in cases of unconsciousness economic (there have been many) will have problems. Although they remain in proportion to the "cipotecaditos," a vast minority.
As you can see that seguíis forums, I'm changing my speech that too many times have been pessimistic (Maybe it's because I'm digesting what 240 € / month that I had uploaded the mortgage ...)
Be happy!

Hello to everyone s

I am surprised at the endless hope of some. Anyway, I congratulate who has and does not fall into traps ...

I think I explained well. I meant:

A mortgaged still in the house. He does not want to sell. You can pay the mortgage. It seems that there is no problem. But prices have fallen and you have a mortgage amount (or payable: 100) is tied to a house that is worth 80. As the money we gave the bank is not yours ...
The bank ALWAYS want the amount of the mortgage (the debt) will never exceed the value of the house. In that case the loan is more than risky. The bank tends to rebalance the amount of debt with a grant from the EXTRA mortgaged.

I do not know if this works well with the mortgage, but with other credits, it works this way.
EXAMPLE: If you borrow 100 for investing in stock market and the value of your investment (your debt to 90, 10 already paid) is now 50 - the first thing that happens is that your bank wants the difference. And soon - to renegotiate anything. So we want the 40.

Greetings to everyone s

That is not so Baires. In the case of investment in stock market, the bank grants you a loan with a maturity of two years for instance, and that is pledged to borrow shares. This means that this loan is granted solely for the purchase of shares, and that they were provided as collateral for the loan (never as security only, but if it is expired and the value of those shares does not cover the full amount of the loan, the holder of the loan would have to make the difference not covered by the warranty), but the bank grants you a loan with a fixed maturity, and until the arrival of that date could not reclamarte to liquidate the entire loan because the value of the shares is less than what they owe. Imagine that a year of requesting the loan, the value of those shares on the stock market has fallen by half and the bank says it unilaterally canceled the loan and to pay the difference. That would be a chaos ... apart from illegal, because you have a signed document where you agree to cancel the entire debt within two years, not annually to the bank because you have made fear. (Another thing that is left to pay your assessments).
That same happen with the drop in value of a home. You have a loan for 40 years with a guarantee of a house, and the only thing you can claim the bank monthly premiums are overdue. And if you accidentally and you bought that house very expensive, there is no problem of the bank. And if that house is worth less than it cost you in your day because you have to take and when the bandages you should make a difference.