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In Spain, Homes Are Taken but Debt Stays

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  • #1

    In Spain, Homes Are Taken but Debt Stays

    Well this is News to me. Amazing that it is so easy to become a slave.

    In Spain, Homes Are Taken but Debt Stays



    http://www.nytimes.com/2010/10/28/wo...html?ref=world

    Should we in the US jump for joy over this ?

    I think Japan has something similar (????)
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  • #2
    Re: In Spain, Homes Are Taken but Debt Stays

    Originally posted by Shakespear View Post
    Well this is News to me. Amazing that it is so easy to become a slave.

    In Spain, Homes Are Taken but Debt Stays



    http://www.nytimes.com/2010/10/28/wo...html?ref=world

    Should we in the US jump for joy over this ?

    I think Japan has something similar (????)

    Yes.... Apparently europe still embraces fuedalism ;) They dont even attempt to hide it.

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    • #3
      Re: In Spain, Homes Are Taken but Debt Stays

      I am from Europe. For me it is as natural as the fact that the sun rises everyday. The worst order is in muslim countries isn't it ? There you go to the jail for your debt. I Europe mostly your salary is cut your property is taken etc... You can keep still something just to meet minimum of existence level set by govement.

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      • #4
        Re: In Spain, Homes Are Taken but Debt Stays

        What a great business opportunity.

        Devise a few false investment opportunities that appear plausible; entice people to borrow money from us to buy in; deliver nothing; announce the sad and unexpected failure of the investments; and then receive the entire lifetime disposable income of the poor fools that bought from us until the day they die.

        We'll need a marketing group; a few strong local sales people, a good local lawyer; and a small accounts receivable staff for 40 years. Who's in?

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        • #5
          Re: In Spain, Homes Are Taken but Debt Stays

          Originally posted by sandwind View Post
          I am from Europe. For me it is as natural as the fact that the sun rises everyday. The worst order is in muslim countries isn't it ? There you go to the jail for your debt. I Europe mostly your salary is cut your property is taken etc... You can keep still something just to meet minimum of existence level set by govement.
          Yes, its worse there....

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