Every viewer questioned the security of their kids in that region. He finally sold it to a bachelor. Is my buddy entitled to compensation in your opinion?
2007-12-16 02:39:03 · 23 answers · asked by McCan Opener 1 in News & Events ➔ Current Events
Funny your friends villa seems rather cheap for the Algarve.
I have little doubt that your friends just trying to make money out of a sad situation, which is rather sick, as only the Hotels are questioning their security and asking parents not to leave their children alone at night in a unsafe place not the owners of Villas.
If a family really wanted a villa then they could ad their own security plus not leave their children alone at night...
If your trying to think of a way to con money out of the press or even the Mccanns themselves, your going up a blind alley as this has too many holes it....
I may have made money from your story by contacting "The Sun" newspaper who seemed interested in your story...so lets hope you did not lie and thanks for the money!!! They should be in touch very soon...
2007-12-16 02:53:46 · answer #1 · answered by Anonymous · 4⤊ 7⤋
He cannot have lost money on the sale.
He valued the price he got more than he valued keeping the villa, otherwise the transaction would not have taken place.
The buyer valued the villa at more than the price he paid, otherwise the transaction would not have taken place.
It's called the free market economy. That's how it works.
If he didn't think the offer price was worth it to him, he had the option to reject the offer.
It is pretty certain that had the transaction been the other way round, and he the buyer, he would not have been at pains to add 40,000 euros to his own offer price to 'compensate' the seller with a 'fairer price'.
2007-12-16 03:51:13 · answer #2 · answered by kinning_park 5 · 5⤊ 2⤋
Somehow this statement is not entirely correct.
Perhaps half true..?
Sure your Buddy's property has been down valued.
Reasoning, Market forces. Problems in US, have had a
knock on affect to the Housing Industry, in UK, Spain,
Portugal & I suspect other European Countries.
Also, the euros strength, current exchange rates makes it less attractive , to purchase abroad at present.
It is possibly a temporary situation, due for recovery,soon.
On the other hand, sensibly, the McCanns, have indeed
not done any favours, by their actions, in Portugal.
So, some of the devaluation , could be attributed to
their bigotism & ego-tripping.
Who knows., proportionately......?
2007-12-16 08:00:09 · answer #3 · answered by Anonymous · 1⤊ 4⤋
He got the market value, prices have been grossly over-hyped and reality is setting in, he will look back in a few months time and realise how lucky he was to get what he did. The market is falling and will probably crash, there is over supply, especially in Spain,although not quite so much in Portugal.
2007-12-16 03:47:58 · answer #4 · answered by Anonymous · 3⤊ 2⤋
Entitled to compensation for what? And from whom? No, he should not be compensated for being foolish enough to sell at a loss. I lost money in the stock market. Who's gonna compensate *me*?
2007-12-16 02:55:58 · answer #5 · answered by ~RedBird~ 7 · 6⤊ 2⤋
No. He is not entitled. He made the decision to sell. Obviously someone liked it after he put it on the market for sale and he accepted the offer. Doesn't matter who he sold it to - he sold it.
2007-12-16 02:54:06 · answer #6 · answered by MYRA C 7 · 5⤊ 3⤋
Probably more to do with the sub-prime disaster than anything else. The first victims of that unholy ****-up are holiday homes in continental Europe and in parts of the UK. They say prices of houses in rural France may slump as much as 40% because of British buyers tightening their belts.
2007-12-16 04:51:47 · answer #7 · answered by lesroys 6 · 2⤊ 4⤋
Why blame the McCanns? I wouldn't want to have my child live where something as awful as this happened.
2007-12-16 11:12:58 · answer #8 · answered by Courtney and Jazmine's mummy 5 · 1⤊ 3⤋
Oh yes most possible i would say, he is entilted to compensation, for having to put up with a **** like you.
2007-12-16 04:11:19 · answer #9 · answered by pauline will never give up.xx 5 · 3⤊ 2⤋
Yes from the Mccanns and their mate Clarence . I said people are losing money there but got my head bitten off last time i mentioned it.
2007-12-16 05:45:01 · answer #10 · answered by The Wail of a Banshee 7 · 1⤊ 5⤋