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¿Sabes inglés? El inglés que ha escrito esto me temo que sí sabe español.
«House ownership in Spain is above 80%. The ownership feeling was inducted by the government in the 60's and 70's, as the way to follow for a "honest" family, thus being deeply embedded in spaniard's mind. If the speculative bubble pops Spain is likely to be one of the worst affected countries. As opposed to the Ireland case, in Spain the labour cost does not follow the rise of the house market in same proportion. While some observators suggest that a soft landing, others suggest that a crash in prices is probable. Lower home prices will allow low-income families and young people to enter the market, however there is a strong perception that house prices never go down. The main actor for speculation are banks, taking young people as hostages for 40 and, recently, 50 year mortgages.»
Spanish property bubble - Wikipedia, the free encyclopedia