I Told You They Were Coming!

“Fight Against Stupidity And Bureaucracy”

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Time for another Sunday Sermon, otherwise known as a rant!

 Foreclosure Notice Yellow Photo

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First it was Cyprus where the bankrupt government tried to steal money right out of people’s bank accounts. If you want to read that again click here and here.)

Then it was the turn of the greedy bureaucrats in Australia who decided to tax pensions TWICE, once when you put the money in and again when you tried to take it out! (For the original post click here.) 

Now in bankrupt Spain the politicians are at it, however, this time they aren’t proposing to steal some of the money in your bank account  –  oh no, this time they want to steal your entire home!

Yes, you read it right, the Spanish government has announced this past week that they want to seize homes that have been foreclosed on by banks and developers.

Not that I have any sympathy with the banksters, not by a long chalk! But theft is theft, and theft by governments is perhaps the most evil of all simply because the victims have little or no remedies available – other than pack up and go somewhere else.

se vende

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As usual the politicians and bureaucrats are trying to dress this theft up as something helpful. They say they will rent the confiscated foreclosed homes to Spanish families who will be allowed to live there rent-free for up to three years.

Sounds great, but as usual what these political morons have failed to do is think their policy through.

If they go ahead with this plan to steal homes the consequences will not be what they think.

First of all it will destroy what is left of the mortgage market in Spain because no one will want to make home loans on Spanish real estate if there is no viable foreclosure mechanism should things go wrong for the mortgagee.

Second, it will go a long way to killing off the buy-to-let sector, which is the thing that has been keeping the real estate market afloat in these financially strained times. Home sales, not just in Spain, but in many countries have been boosted considerably by cash rich investors picking up what they consider to be ‘bargain’ properties at a level that yields a decent return on their capital. Where will they get that return if the government kills the rental sector by renting out homes for free?

And third, it will also kill off the recent Spanish drive to attract foreign investors by offering residency to anyone who spends around $200,000 buying up the glut of Spanish property currently on its real estate market.   

If these things were happening in Zimbabwe or even Venezuela everyone would be calling it a disgrace. But it is happening in Europe and Australia and America. And it will get worse the more desperate the politicians and the bureaucrats become as they make the mess they created worse, not better.

Who on earth put idiots like these in charge?

It wasn’t you was it?

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The Bungling Burglar Who Lost His Way, And Then Lost His Mind

“Fight Against Stupidity And Bureaucracy”

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In 1982 in Bel Air, Los Angeles, an ambitious burglar broke into one of the vast mansions on millionaire’s row.

This palatial structure was a veritable gold-mine of treasures and he immediately started to fill his sack with loot.

It all started off so well
It all started off so well

He went through the ballroom and into the hall.

Then down the escalators to the single lane swimming arbour.

Up to the library.

Across the dining room, and out of the annex into the conservatory which contained sixty-three varieties of tropical plants and a cage-full of sulphur crested parrots.

After all that he decided that now was the time to make a quick exit with his ill-gotten gains.  

He went back through the dining room.

Then up to the gymnasium and across the indoor tennis court.

Down a spiral staircase to an enclosed patio with synchronized fountains.

Out to the cocktail lounge and through junior’s sound-proofed drum studio, whereupon he found himself back into the room full of increasingly excited parrots that normally saw nobody from one day to the next.

Panicking slightly, he ran back towards the library and through swing doors into a gallery containing the early works of Jackson Pollock.

Then out through the kitchen, across a jacuzzi enclosure and up two flights of stairs.

Hysterical Burglar
Hysterical Burglar

At this point he became hysterical, ran outside along the balcony, around the circular corridors, up more stairs, down the landing into the master bedroom and woke up the owners to ask them how to get out.

In order to spare him further distress, they arranged for a local policeman to escort him from the premises.

Help is at hand
Help is at hand

I think he spent the next few years also in another big building, but one with much smaller rooms.