my friend's parents took such a bath on their place that they've ended up moving out there and letting their house in england because they can't let the spanish one
sad times, they're in their 70's
( rachelswipe with a fork, Thu 15 Aug 2013, 11:58, 3 replies, latest was 12 years ago)

I'd love to say I feel sympathy for them
but ... it's totally their own fucking fault, so I don't.
( the mighty badger Aphrodite, on a bar stool, by your side, Thu 15 Aug 2013, 12:00, Reply)

HAHA!

(Bazongaloid, Thu 15 Aug 2013, 12:02, Reply)

If you wanted a place in the sun on the cheap, Spain is the place to go.
You can get a reasonable place for under £100k.
(Set your faces to Stunned Bigly, Thu 15 Aug 2013, 12:04, Reply)

They're funding their retirement in the sun
but letting out their old house for superior English money that they spent in a country where it'll buy a lot?

Yeah, those old people are well gutted.
( Kroney, Thu 15 Aug 2013, 12:07, Reply)

they don't want to go
they know nobody out there, all their friends and family are here. i'm not saying your heart should bleed for them; they took a gamble and lost, but it's a shame for all concerned, the spanish, the people who invested there...
( rachelswipe with a fork, Thu 15 Aug 2013, 12:09, Reply)

No, you miss my point
it actually is their fault. The major driver for the crash back in 2008 was fucked-up property portfolios. Caused by banks lending on over-inflated property values to (in a fair number of cases) grasping arseholes looking to make a quick buck. So it's a gamble they took and lost. It's something they, essentially, made happen. Innit.
( the mighty badger Aphrodite, on a bar stool, by your side, Thu 15 Aug 2013, 12:28, Reply)