hangon
- 11 May 2005 13:22
Sorry guys I just don't get this [MEA]business -
- we are on the cusp of World financial collapse and oil running out before the mortgage is paid.
Anyone buying a home in the sun (Spain/Med/elsewhere) has to be able to get there in under a half-day ( otherwise it's holls-only). If you discount air-travel then how will you make it? Rule out car journeys - there won't be enough petrol (soon) for long trips as everyone has to be rationed. Trains - yes - but pricey, it's only the competing coaches that holds fares down.
For this reason I can't see the attraction of such investment, unless it is purely a property buy and will be sold to the natives.
However, rising House-prices is largely a factor of us Brits wanting homes.......and when the oil-price prevents us moving about, we will Stay there - or stay in Blighty...
- the sp says it all. Does anyone know the MEA cash position?