Preview Of Coming Attractions, Stateside

Discussion in 'Politics' started by bitterlyclingin, Nov 18, 2012.

  1. bitterlyclingin

    bitterlyclingin Silver Member

    Aug 4, 2011
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    [Real estate sales collapse in Paris. Socialist French President Francoise Hollande said he wanted a 75% income tax rate on Frances highest earners and the Paris real estate market suddenly starts resembling, citywide, the MS St Louis passengers efforts trying to flee Nazi Germany. Funny how little statements like "There's no need for austerity! There's plenty of money out there we can extort, expropriate, or just plain steal so we can maintain our festive atmosphere" affects ordinary, everday people and their decisions.]

    "Mainstream media offers little on the stunning collapse of real estate sales in France, notably Paris and Ile-de-France. Via Google translate, please consider Real Estate November 2012: figures for the month. Here are a few translate-unedited snips.

    2012 will remain a very bad year for real estate professionals. In this comprehensive figures on the property market in November 2012, discover the sharp decline in real estate sales in Paris and Ile-de-France.

    Even in Paris, it becomes difficult to sell a property

    Notaries in Paris / Ile-de-France note that even in their region very attractive it becomes difficult to sell a property . Between June and August 2012, it has sold "only" 35,000 existing homes, or 19% compared to the same period in 2011.

    Through the preliminary contracts, that is to say, the sales agreement signed but the sale is not yet final, notaries noted an accentuation of the decrease in sales in September 2012. To believe the figures MeilleursAgents which figure barometer advanced compared to the figures of notaries, there are currently -30 to -40% of sales in Paris and the Ile-de-France.

    Borrowing rates are low, borrowers are scarce

    The mortgage rates continue to fall slightly in November 2012 . That makes 8 months in a row that interest rates fall. Loans for short periods have the largest declines compared to last month"

    Real Estate Sales Collapse in Paris - Mike Shedlock - Townhall Finance Conservative Columnists and Financial Commentary

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