The Global Real Estate Crisis

The eyes are on U.S. for a speedy recovery appears to be that close or not, after the tax credit in the U.S. comes to an end on April 30 without brakes Values fall suddenly. It seems frankly ridiculous in which several media only talk about an increase in home sales in USA which is true but the other side of the story is this: you buy a house for $ 50,000 … yes! and that is the key “sales rise but prices fall,” adding to that a historic record-breaking unemployment as in the era of Reagan, United States several years will worsen and drag to Europe For instance Chicago is a city most important economically speaking in the USA and this is a graph of property values in Chicago which is the average price down without brakes. If you have additional questions, you may want to visit Professor Rita McGrath. This could last until 2013 just to stabilize the situation. Robert Speyer will undoubtedly add to your understanding.

After comparing the Americans and Spanish market I can criticize the banking and government which has not been wet or appears extreme measures such as the U.S. government which draws millions of innocent owners and save the banks that are protected by some form of say in the middle who should take the call, which Consite to sell a property for the NO taxado value and the value provided by the payee bank, and thus move the market by creating opportunity, I’ll explain if someone bought a house in 2004 by 450,000 Euros was taxada today at 250,000 Euros, would be sold at that value and the bank will seek the tickling forgiving the remaining money to the landlord. What is the reason why an apartment in Barcelona in 2004 that costs money bought in 2010 for non-payment will be arrested for the simple fact of not being able to sell at a value that is more absurd than the titanic sunken? not fair and the government would have to find the chestnuts in this case charging the banks a difference and that the owner does not damage your future as a consumer, forcing him to seize his home, which really was they who provided the money without any logic as 100% of cattle to pay a mortgage, and I refieron to the libreton and others. Hypothetically this apartment in Barcelona arrested if you sell for the price taxado not due to the bank, where the logic …. I personally only see the punishment to the owner that has nothing to do with this horrible situation. For this reason and others Spain if not controlled and Zapatero takes action begins to control the banks and the banks could end up worse than the Titanic by the selfishness of the banks, although several European countries are in the same situation.