Global Design And Business

Having an empty house causes numerous expenses that increase exponentially if we have mortgaged the house. In the current situation, to have stopped (or rented or sold) a house of 90 m2 in Madrid with a mortgage can cost over 30,000 euros per year. Surprising? Let’s do the numbers:

Fixed expenses

Without going into any maintenance or repairs, owning a home has many fixed costs. Thus, for example the house of 90 m2 in Madrid can be concluded that to have: Property Tax or IBI (400 per year), community-owned (100 per month or 1,200 per year), home insurance (300 euros per year), minimum expenditure of light (20 240 euros per month or per year), minimum expenditure of gas (20 euros or 120 euros every two months a year).
In total, the approximate cost of this fixed cost would be about 2000-2400 per year.

Deterioration in the price

Almost any house that is currently in the market suffers a loss in value as the price declines are somewhat generalized. A house of 90 m2 in Madrid (half m2 Price: 3,642 euros) has an average price of 327,780 euros, according to the latest data report idealista.com prices

As the price of housing in Madrid fell 6.5% in the last 12 months, the house has “lost” value of EUR 22,786 in the last year

In total, adding the fixed costs and the deterioration of the price, any house without the use of these features would have cost the owner approximately 25,000 euros

Mortgage interest

In the unlikely event that the home was recently foreclosed, we would have an additional expense. At this point we will only enter as “cost” of housing interests, considering the principal and savings. Although last year there was minimal interest rates, also the owner have had to endure through interest cost. Specifically, for an open mortgage last year to 80% for a house of € 350,000 with an interest rate of 2%, interest paid in the last 12 months have been about 5,500 euros.

In total, be empty or sell a home of 90 m2 in Madrid may have come to cost the owner more than 30,000 euros in the last 12 months or 8.5% of the price a year ago.

It should be noted here that if the total interest rate mortgage for less than 5%, the interest cost would increase from € 5,500 to about 14,000 euros. with this data and keeping other variables fixed, the cost of having the empty house would be around 40,000 euros, more than 14% of the price.

What happens when a country leaves the euro? Part 1

What happens when a country leaves the euro? Part 2

Direct Impacts

1 .- Business

The number of bankruptcies will increase.

- Increased costs: the devaluation would lead to higher prices of imported products, with special emphasis on oil.

- Export: export companies they would be the only foreign exchange earnings. Could increase their sales.

- Domestic market: companies that live on the domestic market would experience great difficulty.

- Debts holders of euro-denominated debt would have more trouble paying them.

2 .- Banking

The bank could collapse.

- Creditors: banking lives on external funding to extend credit on the inside. The output of the euro would mean the end of easy access to external finance, so many creditors require faster depreciation and euro.

- Delinquency: the banks would increase their delinquency rates.

- Capital Flight: As you are viewing in Greece, is one who has savings to safeguard them in euros abroad. In the case of a departure from the euro this flight would intensify.

3 .- Families

Many families go into insolvency.

- Unemployment: the bankruptcy of companies would significantly increase unemployment.

- Income: families would be seriously diminished their real income because of the devaluation. They would also have to pay many of your debts in euros.

- Purchasing power: the power purchase would be greatly affected. Imported goods would be more expensive and could hardly summer off.

4 .- Government

The deficit would be even greater.

- Expenditures: the government would spend more on subsidies. If you want to avoid a burst of inflation the central bank would raise interest rates to finance the debt.

- Income: decrease dramatically. More unemployment means less tax revenue in all areas (income tax, Companies, …)” indirect

What happens when a country leaves the euro? Part 1

What happens when a country leaves the euro? Part 3

“Immediate effects:

1 .- Currency devaluation

The euro would disappear to make way for a new coin, a new penny or a new shield. The new coins would be born devalued against other currencies like the euro or the dollar, causing:

- Exports more competitive: abroad would take fewer euros (or dollars) to buy products. A similar effect would occur in tourism.

- Imports more expensive, imported products would be more expensive. Greece, Portugal or Spain imports virtually all oil and gas they consume, energy and transport price would skyrocket.

- Inflation: no necessarily have to be an inflationary scenario. Depend on interest rates that would set the central bank.

- Debt: pay off the debts would be more costly, as many would remain denominated in euros. Debtors would have to buy euros to repay their debts revalued.

2 .- Interest Rates

Interest rates would have to rise necessarily to prevent an inflationary spiral and to try to moderate the capital flight.

- Financing: banks severely restrict credit, since it would be more subject to external funding to redress the lack of domestic savings. With the money more expensive, less accessible and more risk in lending interest for families and businesses grow.

- Status: The government would have serious problems to finance the sovereign debt markets.

- Creditors: banks have to pay their debts in international markets in euros, this would cause demand, in turn, that their borrowers do likewise. It would, therefore, a very high risk of widespread default.

- Debtors: families and businesses would be faced with a really black picture. Receive their income in the new currency, but would have to pay their old debts in euros.”

The Burj Al Arab is a luxury hotel with a height of 321 meters.
The hotel is listed as seven-star category, which goes beyond normal classification of hotels from one to six, due to its truly outstanding features that distinguish it from any other hotel in the world. The Burj Al Arab does not have regular rooms but has 202 double suites. The smallest of these suites occupy an area of ​​169 m², while the largest covers an area of ​​780 m². The Royal Suite costs $ 28,000 at night. [Citation needed] It also has a car service from Rolls-Royce luxury available to every guest.

The Burj Al Arab has nine restaurants, among them the Al Mahara (located under the sea, offering an underwater view through a stained glass window in the form of tank) and Al Muntaha, located 200 meters high, allowing a view view of the city of Dubai.

How much would that cost the floors depending on our salary? This article shows how wages are paid in each Autonomous Community, which has housing prices in each of them, and how much it should cost and how much it exceeds that price:

“The salary of an individual is a determining factor when purchasing a home. Thus, experts recommend that the maximum price of an apartment does not exceed 2.5 to 3 times the annual gross income of a person. In Spain is impossible that this paradigm is met. In 9 of the 17 Autonomous Communities, the prices of flats are more than 200% above the norm. Catalonia and Madrid takes the cake with increases of 408% and 335%, respectively.

According to the wage structure survey published last Wednesday by the National Statistics Institute (INE), the average salary in Spain was 22,511 euros in 2009. In the event that an average Spanish wanted to buy a flat, he should not pay for more than three times their gross income, ie the price of your future home should be around 67,500 euros.

However for this half Spanish, call it Juan Haldudo, find an apartment at that price would be an arduous task. That same year, the nominal average price of housing in the country reached 255,800 euros, according to figures Evaluation Society.

That is, Haldudo would pay 278% more, a bonus of 188,000 euros, of what the experts advise to buy a house (always referring to general statistics, since the prices of apartments may vary depending on the size, location, etc.).. Or what is the same, to pay for that floor should be allocated so Haldudo inclusion of almost 11.4 times the salary of a year.

The Haldudo disappointment or indignation would grow to see that move to another region not solve your problem with housing. All CC AA, the prices of the apartments are well above the parameter of three times gross income to buy a home. In 9 of 17, the value of the house is over 200% above that standard.

In the Basque Country, the community with the highest average salary in 2009 with 26,162 euros, it would take about 11.7 times the amount of land to buy a house because the average price of homes in this community was around 307,700 euros this year .

The least gross income would be devoted to buying a home is in the Region of Murcia. Here, the average salary was 20,430 euros compared to the average cost of 148,000 euros from the housing. It follows in this order Extremadura, Asturias and Galicia with levels below 200%. Catalonia and Madrid this ratio soars to record 408% and 335%, respectively.

Director of Research at the Institute of Economic Studies (IEE), Gregorio Izquierdo, believes that another reference that links wages and home values ​​is the financial strain. “To know if the prices of homes are expensive or cheap used many indicators, but experience shows that financial stress is linked to the most significant,” he stresses.

This parameter reflects changes in interest rates, household income, the price of housing and within the given mortgage loans. A result above 40% indicate that prices are high, while below 30% are cheap.

In 2009 when there was still the residence deduction, the deductions excluded financial effort was 34.6%, compared to 28% of those who did include the deduction.

Interesting comparison for understanding how our education system and why their defense against the free market and individual liberty:

“Imagine that instead of having the option to buy at any grocery store, I could only go to one shop assigned by the Government. This not only tell you what store can go, but that the amount that can racionaría acquire, the variety of each food, the bags would be banned, and racionaría the weekly shopping basket per household.

Do not you think this process as a kind of dystopian nightmare of a totalitarian government itself ignores human rights and welfare of its citizens, and only seeks to perpetuate the power and control? Unfortunately, not science fiction. In fact, it almost exactly how our government education system.

In Catalunya we have what we have democratically elected last Sunday. Neither more nor less. Comes a whole period of political brand new waiting to be experts on the three pillars that support the balance of the country in these times of poor economy in relation to companies: financial and savings banks pressing for reorganization and preventing break; the EDUCATION react and involve all members transformed to improve their performance, and business economics entrepreneurship which triggers the micro-nano companies that break the rhythm of closing thousands of stores and does not enter retail . American life is to create new jobs and should get out of there, the initiative of individuals. No hope in many years that foreign investors are coming to invest as occurred in the past century. Spain is a hindrance because of lack of values for competitiveness. Newly minted politicians must understand that they must move these lines to reinvent the new economy. The city will meet a new generation of elected officials who can repeat the same mistakes and incompetence of, or use the power that gives the people to solve your needs using the skills that are supposed to be to link problems and caustic cut the bureaucracy that dipped into the routine of the incompetence of civil servants without consciousness of the country. The city, in the next decade, it will not tamed it hopes will fall from the sky, which the men who represent the political power we have to solve.

The citizens are going to analyze politicians, radiographed and compare what they have said they will do what they do. And the tempo of fraud and take the money and run is over partly because there is no money and the thirst for jobs will require them to escape with the money of others. And we’ll see soon. The CITIZEN will learn to distinguish the actions of politicians, for example:

1. Find politicians who suffer from attribution and the appointment of leaders is not.
2. The city is not going to confuse the actions of an elected official with the power of the party to which he belongs, is going to ask for solutions directly to the people closest to him.
3. It will not stand mediocrity, is reporting and ask another politician replaced by qualified and that their mission skills required.
4. The city will assess the political, while showing who does not meet expectations in your organization or simply be a parasite of it. Going to look for leaders who know how to lead and get results
5. The politician who used his position as their own business entrepreneurship, the city is going to identify, denounce and repudiate.
6. Politicians should not assume that lead, not win the confidence of citizens will no longer consent to poor well-paid elected officials.
7. The coffee there for all has ended. Citizens will not consent to the enrichment of a few in exchange for having deceived many. Those who give a school or manage a project to pool their interests protected.

The citizen of 2010, should survive him and secure the future of their families. Adaptive intelligence emerge as minorities in the past begin to analyze in depth the political activity recourse to justice as independent of political power and ruthlessly denounce those who confuse the sacred value of political practice and thus to influence majority. A new phase of change is necessary, essential for our country than the handling of the “anything goes and nothing happens here.” Why let go last.

Our new policy include: Fantastic Egópatas, Candido, and Opportunistic, short-termism, Idealist or effective and we’ll discuss this in the coming months.

The power of the city must balance the political power and so things will be fair. The new economy can not rely on permit and get away with the greed of a few. It is unnatural in a country which calls itself democratic. The King also should not agree should be on the line to secure the future of his people “or not?

The sale depends on the level of purchase of the consumer population and these are now in a process of polarization grouping those with economic resources and those without them. This phenomenon is transforming business opportunities shops. The wealthy even retract as savers seek impulsive when buying differentiation and distinguishing marks identifying them as economically well off. The poor of resources that increasingly recede much more to buy items and always based on the price.

The infant industry provides products and expendable relative need to be purchased, so the efficiency in the act of selling to a regular or occasional customer must be made with professional excellence within a selling point perfectly designed to seduce the potential buyer. The polarization of customers requires more than ever to improve the management of sales and customer loyalty. Business managers should assume that only with new skills learned on the basis of current experience may mean keeping the business or having to close. Today we can learn from the experience and mistakes in this process. Change is the innovation to improve it based on the talent of others is open innovation.

If we transport this current experience in business management to those who want to start as entrepreneurs in the retail segment of children, own or franchised shops, given the market uncertainty and low consumer economy, one will have a first opportunity to implement the business looking at all the components and intricacies of these to succeed. Employers know this and many veterans regret not having built its business based on proven experience rather than following his instincts have done many defeated clouded by the illusion being the owner of a shop-business.

Only the preparation, have the skills required to manage a store and changing every day skills in managing day to day, you can ensure that the business is profitable.

The retail business depends on the economy of the people, their ability to save and the money people have to spend. The situation at the beginning of 2011 sobering. 36% of the Spanish do not have any savings, living hand to mouth. 18% have the financial means to survive a year. It is also true that 44% of the population when they make a transaction or a purchase on impulse do comparative analysis. But this will change as 25% of the population is considering how to improve their financial knowledge [1] and 19% are also looking for help learning to manage better.

This implies that the population, by necessity, is in the process of meditation in which to spend the money. The stores will have minded customers to buy just enough and less emotional impulse, if so, stores are not in management at a level of excellence will have positive results.

The retail world must rely on innovation to advance its terrors OPEN all compontes value chain that starts at the design inspiration and ends with the closure positive campaign.

Manufacturers should require managers to stores as the first work to achieve better logistics and productivity sale endpoints tend to excellence based on knowledge and training and eliminate mediocrity in management retail business.