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-   -   The Spanish housing bubble (https://britishexpats.com/forum/spain-75/spanish-housing-bubble-743394/)

JLFS Jan 2nd 2012 4:55 am

Re: The Spanish housing bubble
 

Originally Posted by lynnxa (Post 9816385)
I used to work in an academy -I was the busiest teacher there (apart from the owner) simply beacuse I was the most flexible & the most hours I did a week was 15. My earliest class started at 8:30am iirc & my latest finished at 10:30pm

I was lucky in that I lived a 5 min bike ride from the academy, and the woman who did the admin was happy to have my private class timetable & fit the school around that if new individual students wanted to enrol after the beginning of term - I worked my private timetable around their groups in return

I don't work there now because it closed down - it simply didn't have enough students

two other language academies in our town have since closed down, too

I suppose the health benefits (at least 20miles a day biking it) were more than the monetary ones.:D

lynnxa Jan 2nd 2012 5:12 am

Re: The Spanish housing bubble
 

Originally Posted by JLFS (Post 9816404)
I suppose the health benefits (at least 20miles a day biking it) were more than the monetary ones.:D

well maybe not 20 miles a day - but yes, there were health benefits to all that cycling :D

I used to do the return trip an average of 3 times a day - it was probably 2-3km away from home (we moved during my time there) - so up to 18km a day, for sure

agoreira Jan 2nd 2012 5:17 am

Re: The Spanish housing bubble
 

Originally Posted by bobd22 (Post 9816403)
The fact that it has coincided with a Tory government must be a coincidence surely?

May coincide with a change of government but I was of the believe that one big factor in the high inflation rate was QE most of that put in place by ? oh yes labour. Lets face it somebody has to try and sort out the mess not all of it down to Gordon Brown as we know it is a world wide problem, but labour had ran the country financially into the deck. Oh finally coalition not Tory government.[/QUOTE]

And not just in UK, nearly all of Europe now has a sort of right wing government, and like Cameron, Rajoy will probably find out later that the black hole the PSOE left is a lot bigger than first thought.

jackytoo Jan 2nd 2012 5:41 am

Re: The Spanish housing bubble
 
Spain said today that the deficit may be more than 8% and there could be further austerity measures in March.

JLFS Jan 2nd 2012 5:43 am

Re: The Spanish housing bubble
 

Originally Posted by jackytoo (Post 9816461)
Spain said today that the deficit may be more than 8% and there could be further austerity measures in March.

And they have great plans for making the dole queues shorter.......................






everyone wil have to stand closer together...:)

ivanmax Jan 2nd 2012 5:44 am

Re: The Spanish housing bubble
 

Originally Posted by jackytoo (Post 9816461)
Spain said today that the deficit may be more than 8% and there could be further austerity measures in March.

Actually further austerity measures will be taken this thursday. The big ones though will arrive in March. The result of them all? More rich people, more poor people. Less middle class people.

bobd22 Jan 2nd 2012 5:51 am

Re: The Spanish housing bubble
 

Originally Posted by JLFS (Post 9815694)
If or when the peseta comes back, prices will still be the same for people living in Spain.

Before the peseta was fixed at 166 to the euro. so the price of a coffee jumped up over night from around 100 pes.

If the peseta comes back then the prices will rise again as if the exchange eurp/peseta comes out and an "awkward" number so that an item costs 467pesetas for example, it will be rounded up to 500.

That is the way it always goes, just the rounding up of awkward numbers will put prices up by a certain percentage....

Peseta or not things will not get cheaper.

But surely if they went back to the pesata (obviously that may not be a simple procedure) it would be devalued then against other currencies making the Spanish goods exported cheaper hence improving trade. Obviously it would make imports dearer which would discourage imported goods. Yes inflation will rise but isn't that the same for the UK? and part of that inflation deflates the countries debts. Cant understand that it is the saving grace for the UK to be able to devalue the £ but not other countries.


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