I thought Spain colaspsed because of a housing bubble. They...

  1. YChromozome
    490 Posts.
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    13/01/13
    22:52
    Post #: 11284205

    I thought Spain colaspsed because of a housing bubble. They built too many houses (speculation), and their household debt was too high.

    For example Spain's household debt to GDP reached 91% just before their market colapsed in 2010.

    Are you now saying Spain's bubble colapsed because of their laws?

    Oh and good thing our household debt is greater than 100% of GDP. . .





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