Trebots @ Tuesday March 26th 2013 15:29

Óscar Suárez Bermúdez, 81, his son, Óscar Suárez Melián, and his daughter-in-law, Lucía Díaz Medina, joined it onto the neighbours' and repainted the façade in the hope that the repossessers would not be able to find it.

(Via Subastas Judiciales, who I believe is also of the opinion that if - as the millenarian Plataforma de Afectados por la Hipoteca apparently demands - people are to escape eviction on the grounds that they were intellectually incapable of understanding their mortgage agreement, then the logical consequence must be that some prior official intelligence test be introduced to prevent all such people in the future from purchasing property.)

  1. Tom
    March 27th 2013 10:55

    If they could hold off on the IQ tests for a couple of weeks, that would be better.

    But there is something to be said for the simplification of contract lingo... it's being talked about online a lot as T&Cs are notoriously agreed to but not read by 100% of users. And a mortgage agreement is far more complex and difficult to understand (which is not to say that only the banks are to blame. But they (and everyone else) did convince buyers that there was zero risk, 120% no problem etc...).

  2. Trebots
    March 27th 2013 11:27

    Wait, I thought you were smart AND solvent.

    A free market in mortgages combined with a free press should solve the problem - maybe I've missed something elemental about Spanish society. Perhaps the government should tax lenders on the basis of the average length of agreements combined with Flesch–Kincaid readability or some such.

  3. Tom
    March 27th 2013 11:29

    The amount of paperwork I am currently wading through makes me feel like by brains have shrunk. But it looks like we'll be OK. Numerous BBQs planned.

  4. Trebots
    March 27th 2013 12:13

    Excellent! I only hope you have a terrace.

 

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