jorida's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/239412/comments http://seekingalpha.com/article/158131-spain-crumbles?source=feed#comment-647542 647542 By repossessing defaulting properties the Spanish banks are now the largest owners of real estate that they want to get rid of and sell for the value of outstanding debt. Unless initially over appraised there are some opportunities. Commercial property, eg offices are sold with a garanteed return of 5 to 7%.
High end properties (over 1 million Euro and well situated and finished) up to now have not lost that much in value. Owners, unless forced to sell, keep properties hoping for better times.
Middle and low end properties are on sale.
The number of real estate agents has strongly decreased. Those remainig get a bigger share of a much smaller pie and new construction sites are rare.
Spanish banks, although suffering, are in better shape than banks in other European countries because better capitalized and less contaminated with US rubbish. No major bank has defaulted nor received state support, untill now.
The strong Euro is a major handicap for citizens outside the Euro zone although Russians pick up pricey properties.
The strength of the Euro puzzles me given the near bankruptcy of the social security system throughout the continent and the incapacity of any governement to take remedial action, the crumbling economy and non competitive industry strangled by unrealistic demands from worker unions , an aging and decreasing population inundated by refugees from the third world.]]> Wed, 26 Aug 2009 12:58:13 -0400 By repossessing defaulting properties the Spanish banks are now the largest owners of real estate that they want to get rid of and sell for the value of outstanding debt. Unless initially over appraised there are some opportunities. Commercial property, eg offices are sold with a garanteed return of 5 to 7%.
High end properties (over 1 million Euro and well situated and finished) up to now have not lost that much in value. Owners, unless forced to sell, keep properties hoping for better times.
Middle and low end properties are on sale.
The number of real estate agents has strongly decreased. Those remainig get a bigger share of a much smaller pie and new construction sites are rare.
Spanish banks, although suffering, are in better shape than banks in other European countries because better capitalized and less contaminated with US rubbish. No major bank has defaulted nor received state support, untill now.
The strong Euro is a major handicap for citizens outside the Euro zone although Russians pick up pricey properties.
The strength of the Euro puzzles me given the near bankruptcy of the social security system throughout the continent and the incapacity of any governement to take remedial action, the crumbling economy and non competitive industry strangled by unrealistic demands from worker unions , an aging and decreasing population inundated by refugees from the third world.]]> http://seekingalpha.com/article/128355-the-up-tick-rule-reimplementation-is-bad-for-markets?source=feed#comment-444135 444135 Sun, 29 Mar 2009 13:04:25 -0400 http://seekingalpha.com/article/124300-jon-stewart-on-cnbc-s-worthlessness?source=feed#comment-414413 414413 Anyway I stopped watching this political nonsence and swiched to Bloomberg.]]> Thu, 05 Mar 2009 12:17:56 -0500 Anyway I stopped watching this political nonsence and swiched to Bloomberg.]]> http://seekingalpha.com/article/114509-no-relationship-between-shorting-and-stock-prices?source=feed#comment-354531 354531 Tue, 13 Jan 2009 12:05:12 -0500 http://seekingalpha.com/article/101697-ge-s-rollover-risk-supports-short-trade?source=feed#comment-289631 289631 Fri, 24 Oct 2008 11:55:07 -0400 http://seekingalpha.com/article/96450-preserving-u-s-economy-over-free-markets-short-sellers?source=feed#comment-260546 260546 Sun, 21 Sep 2008 09:32:23 -0400 http://seekingalpha.com/article/96400-the-artificial-inflation-of-stock-prices-due-to-the-short-selling-ban?source=feed#comment-260051 260051 Sat, 20 Sep 2008 12:39:25 -0400 http://seekingalpha.com/article/90476-china-medical-to-float-150-million-note-offering?source=feed#comment-229379 229379 Wed, 13 Aug 2008 10:35:56 -0400 http://seekingalpha.com/article/89365-china-medical-why-the-rapid-growth?source=feed#comment-224456 224456 Wed, 06 Aug 2008 17:06:29 -0400