{"id":29413,"date":"2011-11-19T21:01:41","date_gmt":"2011-11-19T21:01:41","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg_spain-this_is_what_a_deflated_housing_bubble_looks_like\/"},"modified":"2011-11-19T21:01:41","modified_gmt":"2011-11-19T21:01:41","slug":"bloomberg_spain-this_is_what_a_deflated_housing_bubble_looks_like","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=29413","title":{"rendered":"(Bloomberg) Spain&#8211;This is what a deflated housing bubble looks like"},"content":{"rendered":"<p>Land in some parts of Spain is literally worthless, said Fernando Rodriguez de Acuna Martinez, a consultant at Madrid- based adviser R.R. de Acuna &#038; Asociados. More than a third of Spain\u2019s land stock is in urban developments far from city centers. About 43% of unsold new homes are in these areas, known as ex-urbs, while 36% are in coastal locations built up during the real-estate boom.<\/p>\n<p>\u201cIf you take into account population growth for these areas, there\u2019s no demand for them, not now or in ten years,\u201d\u009d he said. \u201cAround 35% of Spain\u2019s land stock is in the ex-urbs, which means it\u2019s actually worth nothing.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/business.financialpost.com\/2011\/11\/18\/this-is-what-a-deflated-housing-bubble-looks-like\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Land in some parts of Spain is literally worthless, said Fernando Rodriguez de Acuna Martinez, a consultant at Madrid- based adviser R.R. de Acuna &#038; Asociados. More than a third of Spain\u2019s land stock is in urban developments far from<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=29413\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,50,149,200,600,446],"tags":[],"class_list":["post-29413","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-international-news-commentary","category-economy","category-europe","category-housingreal-estate-market","category-spain"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29413"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/29413\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}