Zillow Advice: Home Buying - What You thing about RE in europe - Greece

Im thinking more on the lines of ...

Wed, 07 May 2008 00:53:00 GMT

Im thinking more on the lines of Euro Brothels, Im too old for Disneyland...

Your forgetting Euro Disney like many other Euro corporations get subsidized

by the Goverments. And that "Funding" comes from Taxes. And that opens

a whole can of worms which we dont deal with.

Like Ronny said...

"Liberals tax anything that moves, when it stops

moving they subsidize it"

The U.S. has relatively low ...

Tue, 06 May 2008 23:36:00 GMT

The U.S. has relatively low income tax, but we more than make up for it with a gazillion other taxes, few of which other socialist countries have.

To make a crude analogy...

In capitalist America, you pay $55 bucks to buy a ticket into Disneyland, but then you have to pay $12 to ride Space Mountain, $14 to go on Matterhorn, and $8 to go on Mr. Toad's Wild Ride. Additionally, if you want to watch the fireworks, that's an additional $17. Entrance into the castle is $5. Churros are $4 and sodas are $5.

In (socialist EU Country X), it's $100 to get into Disney Europe. The rides are free. Food and drinks are $1.

Is my analogy fair? Not entirely. But neither is your Apple:Orange comparison of tax rates.

Whats the point ! They ...

Tue, 06 May 2008 23:11:00 GMT

Whats the point ! They are all socialist with hi tax rates...

Kiss you low US Tax rate goodbye.... Nice place to visit

but I aint Home Sweet Home!!!

Top 5 European marketsPolandCyprusIcelandNorwaySwedenBottom ...

Tue, 06 May 2008 22:37:00 GMT

Top 5 European markets

Poland
Cyprus
Iceland
Norway
Sweden
Bottom 5 European markets

Ireland
Germany
Greece
Estonia
Denmark

http://realestate.msn.com/Buying/Article_Forbes.aspx?cp-documentid=7099499&GT1=35000

spain is in huge trouble ...

Tue, 06 May 2008 21:47:00 GMT

spain is in huge trouble because:

1. its the end of a long runup. when I was a child in spain, you still saw donkeys on the street making deliveries to businesses, spain made a sudden and wonderfull jump into the modern world. (hmmm europe integrated economies, and the poorest made huge gains, becoming mondern nations and pushing the euro ahead of the dollar.... the US wants to build a jacka$$ fence, along its southern border... I wonder which policy helps more longterm... ok I don't wonder, the answer is obvious)

2. Brits bought tons of homes in spain. England sucks, its cold and rainy all the time, the food is terrible and the people are boring. Naturally, they flooded into spain, where the beaches are warm and the food is good, and its only a few hour flight away, or a not too long of a drive.

these two factors led to a HUGE boom in building, even bigger than in the usa. The problem is, with Spain building something like 850,000 residences a year, construction is a much bigger part of the economy than in the USA. Spain has a population of about 40 million, or about 1/8 of the usa, so proportionally, construction is 8 times bigger than in the USA. A slowdown will absolutely crush the Spanish economy, even worse than here...

Isn't Spain in trouble because ...

Tue, 06 May 2008 21:39:00 GMT

Isn't Spain in trouble because people funneled illegal money into RE when they had to turn in their pesetas for euro? Supposedly banks would have been suspicious of vast amounts of cash being exchanged by otherwise-ordinary people (who were in fact dealing drugs and the like), so these people invested their cash into real estate. The resulting bubble is still making itself felt.

I think bether is greek, ...

Tue, 06 May 2008 21:33:00 GMT

I think bether is greek, or north cyprus.

Also in Spain now is bad days for the builder, there are about 650'000 not sold new flats.

Its overpriced there, look ...

Mon, 05 May 2008 21:12:00 GMT

Its overpriced there, look North to Bulgaria or Romania. They are building a lot, but still comensurate with their economy

Mis-read sorry, yea Cypress, ...

Sun, 04 May 2008 16:22:00 GMT

Mis-read sorry, yea Cypress, still check out The smaller islands and both Samos and Rhodes have daily air service, Crete ,, sorry

If we're talking about RE ...

Mon, 28 Apr 2008 15:55:00 GMT

If we're talking about RE in Europe, I'd go for something in the eastern part of the continent, where they're still transitioning to the Euro. Consumer prices in Slovakia are dirt-cheap (beer for under 30c, fine meal at a restaurant for $9.00, etc.) and the Slovak korun is already soaring as they prepare to switch over. Beautiful architecture and plenty of relatively-unknown history. I'd buy a house in Bratislava if I could find work there (and could speak even a little bit of Slovak) -- sure to be a winner in 10-20 years.