47 sats \ 6 replies \ @Satosora 6 Aug \ on: Eurozone Faces Deepening Recession: Construction Industry in Crisis econ
What is Italy doing with all that money?
I know people can buy houses in the countryside for very cheap.
You have to fix them up, though.
I thought I might do that in the future, maybe I can get citizenship!
the economic policy of the european union has always followed the pattern of keyensianism: debt-based government spending programs, infrastructure spending, road after road built many construction ruins lots of money for nothing. the same thing is now happening in southern europe to stabilize what has long been out of joint due to the imbalances of the eurosystem and the hundreds of subsidy programs that ultimately serve only one purpose: the enrichment of the parasite cast.
I can very well imagine, if you can wait a little while, that demographics and economic factors will one day cause real estate prices in southern Europe to correct drastically downwards. you can pick up bargains. Personally, I live most of the time in Andalusia in Spain and a few months a year in Crete. The markets here are virtually frozen
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I was originally born in Germany and seized the opportunity a few years ago to emigrate. I love the Mediterranean and the Mediterranean mentality, the weather, the cuisine and the people. the only thing that will get me away is a bad system collapse, which I don't see happening for the time being, even if it doesn't look good
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