Tag economy

The Global Real Estate Crisis

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The eyes are on U.S. for a speedy recovery appears to be that close or not, after the tax credit in the U.S. comes to an end on April 30 without brakes Values fall suddenly. It seems frankly ridiculous in which several media only talk about an increase in home sales in USA which is true but the other side of the story is this: you buy a house for $ 50,000 … Learn more at: Nobel Laureate in Economics. yes! and that is the key “sales rise but prices fall,” adding to that a historic record-breaking unemployment as in the era of Reagan, United States several years will worsen and drag to Europe For instance Chicago is a city most important economically speaking in the USA and this is a graph of property values in Chicago which is the average price down without brakes. This could last until 2013 just to stabilize the situation.

After comparing the Americans and Spanish market I can criticize the banking and government which has not been wet or appears extreme measures such as the U.S. government which draws millions of innocent owners and save the banks that are protected by some form of say in the middle who should take the call, which Consite to sell a property for the NO taxado value and the value provided by the payee bank, and thus move the market by creating opportunity, I’ll explain if someone bought a house in 2004 by 450,000 Euros was taxada today at 250,000 Euros, would be sold at that value and the bank will seek the tickling forgiving the remaining money to the landlord. What is the reason why an apartment in Barcelona in 2004 that costs money bought in 2010 for non-payment will be arrested for the simple fact of not being able to sell at a value that is more absurd than the titanic sunken? not fair and the government would have to find the chestnuts in this case charging the banks a difference and that the owner does not damage your future as a consumer, forcing him to seize his home, which really was they who provided the money without any logic as 100% of cattle to pay a mortgage, and I refieron to the libreton and others. Hypothetically this apartment in Barcelona arrested if you sell for the price taxado not due to the bank, where the logic …. I personally only see the punishment to the owner that has nothing to do with this horrible situation. For this reason and others Spain if not controlled and Zapatero takes action begins to control the banks and the banks could end up worse than the Titanic by the selfishness of the banks, although several European countries are in the same situation.

The Impression

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Valley to mention that in the crisis of 2008 in U.S.A. they had banks alavancados in up to 30 times the capital in hand. As the point is related as the bank gets profit. Beyond the loans, the bank invests in financial assets and carries through other types of activities/services, in order to gain money of other forms and to diversify its operations. In case that the banks have captation problems, for example, they will possibly go to expose each time more in riskier assets in order to contrabalance the yield that are leaving to earn normally, This can highly be harmful for the bank and, consequently, for financial system, national, not only as well as world-wide depending on the cases, mainly due to globalization. Today diverse banks assume rights and obligations between itself. In case that one of them comes to disregard such commitments the system can pass for a collapse and, with this, it would have deep necessity of governmental intervention.

Of this form, we arrive at the focus of the question in relation to the paper of the banks. As to judge them and so that really they exist. Seguidamente the people if delude and create a distorted vision of what she is offered by the banks. When one is offered credits rotating charging interests of 100% to the year, many people tends if to feel special, therefore the impression that is of that we are being remembered or presenteados, in view of that institution is placing our disposal a resource for any necessity that appears, when in the truth it this making its main activity that is of in loaning to the expensive interests a money to them that acquired with other people the very low interests, as was cited at the beginning of this article. Being thus, the natural person would have to use the bank of simple form, only using the account as easy form and practises of storage of resources and never to catch loaned money, unless it is really necessary.

Price Table

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However a consideradonegativo aspect must be standed out, that is the fact> Price Table, becomes necessary to detach two comments: the first one how much to the constant value of the installments, that due to inflationary existence doprocesso, needs to pass for a monetary update on ovalor of the same one, what it makes with that does not exist in literal way a valorconstante; the other point to be detached is that the esucessivos periodic payments generally are contracted to be monthly, what facilitates oacompanhamento and, also, the agreement how much to the composition of the referidasprestaes. In accordance with Scavone (1998), Tabela Price is a system> SFH that is composed for the Nacionalde Bank Habitation SCI, and also created the correction monetrianos real estate contracts. This exactly statute, in the article 6 letter C determines that the least has left of the financing, oudo price to be paid, either amortized in successive monthly installments, of igualvalor, before the readjustment, that include amortizations and interests. In other words, what this law determines is aobrigatoriedade of the use of the French System of Amortization – Price Table, for being the only system of amortization of payments that contemplates successive monthly asprestaes and of equal value. 2,2 Decree n. 2164 of 19 deSetembro of 1984 This Decree instituted the comocritrio wage equivalence of readjustment of the installments. In its article it 9estava definitive that the contracts for acquisition of proper housing, atravsdo SFH, would establish that from the year of 1985, the foreseen readjustments of prestaesneles would correspond the percentile one the same and regularity of aumentode wage of> professional category the one that to belong the buyer. In the paragraph 4 was determinadoque the buyers of proper housing who not to belong to the specific categoriaprofissional, as well as classified as independent, professional liberal and the commission agents, with contracts firmed from 1 of January of 1985, would have its readjusted installments namesma ratio of the variation of the wage-minimum.