Archived posting to the Leica Users Group, 2013/02/24
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Two thoughts, maybe more; Ireland has a decent manufacturing base relative to population and combined with the Eurozone cheap taxes and rational labor laws employment should improve. Second, Greece has started to market tourism and cheap housing so should crawl back the traditional third world way. I am not disparaging Greece, but taking money from tourists is a great way to start adding jobs and tax income; getting non-nationals to own property and pay higher property taxes is also a good way to start building back.(Florida does this with a dual property tax structure for residents and non-residents. If you are looking for beautiful ocean views then look at coastal Turkey; rapidly expanding industrial base, fairly stable government and yet property is still pretty cheap. Just my 0.02 On Sun, Feb 24, 2013 at 5:07 PM, Akhil Lal <alal at poly.edu> wrote: > Well, I'm not a golf fan, so have my eyes on property in another > distressed European country, one farther South with lots of sun and nice > Mediterranean beaches :-). Good time to go fishing in distressed property > markets, I agree. > > BTW it would be surprising - debt restructuring or not - if the Irish > economy improves while austerity measures are still in place. > > -----Original Message----- > From: lug-bounces+alal=poly.edu at leica-users.org > [mailto:lug-bounces+alal= > poly.edu at leica-users.org] On Behalf Of Jayanand Govindaraj > Sent: 24 February 2013 12:38 > To: Leica Users Group > Subject: Re: [Leica] Spain's Economic Collapse > > Their debt has just been drastically restructured which will take a lot of > the debt-service strain off the country's finances. Wait for a year or two. > IMHO, a good time to start looking at investments there, especially > rentable property around the legendary golf courses. > Cheers > Jayanand > > Sent from my iPad > > On 24-Feb-2013, at 11:00 PM, "Akhil Lal" <alal at poly.edu> wrote: > > > Just curious, normalcy in what way? > > > > Unemployment is still around 14.5%, with virtually no GDP growth. > > > > -----Original Message----- > > From: lug-bounces+alal=poly.edu at leica-users.org > > [mailto:lug-bounces+alal > =poly.edu at leica-users.org] On Behalf Of Jayanand Govindaraj > > Sent: 24 February 2013 11:52 > > To: Leica Users Group > > Subject: Re: [Leica] Spain's Economic Collapse > > > > Italy is already in this state. The only one inching back to normalcy is > Ireland, whose debt has been surreptitiously monetized through the back > door by the EU. > > Cheers > > Jayanand > > > > Sent from my iPad > > > > On 24-Feb-2013, at 9:25 PM, Lluis Ripoll <lluisripollquerol at gmail.com> > wrote: > > > >> or maybe Italy? > >> > >> Cheers > >> Lluis > >> > >> > >> > >> El 24/02/2013, a las 16:42, Jayanand Govindaraj escribi?: > >> > >>> IMHO, next in line is France. > >>> Cheers > >>> Jayanand > >>> > >>> On Sun, Feb 24, 2013 at 3:42 PM, Richard Man < > richard at richardmanphoto.com>wrote: > >>> > >>>>> From the New Yorker. Any thoughts from Nathan, Lluis etc.? > >>>> > >>>> < > >>>> > >>>> > http://www.newyorker.com/online/blogs/photobooth/2013/02/slide-show-simon-norfolk-photos-of-spains-economic-collapse.html > >>>> > >>>> Hmm... I guess Chinese construction workers worked at some of the > facility? > >>>> One picture has Chinese graffiti on the wall... > >>>> > >>>> > >>>> -- > >>>> // richard <http://www.richardmanphoto.com> > > > > > > _______________________________________________ > > Leica Users Group. > > See http://leica-users.org/mailman/listinfo/lug for more information > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information > > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information > -- Don don.dory at gmail.com