Adjustment of accounts is the name of the new program of familiar finance in Four. To embark in the buy of a house or in any similar project supposes a sacrifice. It is a constant effort that is necessary to be attending month a month for thirty years or even more.

What it is necessary to realize very well that to buy an apartment will suppose resigning to other things, the money is limited and we will not be capable of having everything, who then spends what it spends. The normal thing nowadays is to destine on the mortgage credit 35-40 % of our income, or this is the limit that the banks apply generally at the time of granting the loans.

In some occasions the quota, to pay, overcomes this limit of 35-40 % because the bank has allowed indebtedness for the guarantees existence or, simply, that the monthly quota gets dearer review after review for the increase of the Euribor. According to information of the INE, in 2007 the Spanish hearths destined 37 % of his available gross revenue (RBD) to finance the acquisition of his housing, fact superior to that of 2006 that was in 29,9 % of the RBD (already deducted the effect of the fiscal deduction of acquisition of housing).

If to a normal salary a mileuristas couple for example, reduces this one 40 % only would reduce little more than one salary euros to pay all the expenses of the month of the family: invoices, phones, meal, insurances, etc. It is going to be difficult to live with many luxuries or with many caprices but in return we are owners of the house in which we live. Certainly, to rent would not turn out to be a much cheaper option, but a little yes, and the rent does not raise us with the Euribor.

If the expenses of the family are not controlled, the income is not going to turn out to be sufficient, in addition to the quota of the mortgage loan it is necessary to live every day: buys, credit cards, additional loans, etc. If we do not automanage ours good and the caprices are controlled it is going to find it hard to come to us in order month. In fact the slowness valuation in the last months has increased significantly. The slowness in the mortgage loans is about 1 % and in the loans to the consumption it has increased moreover and it already is about 2,5 %. When it does not go over in order month, the last thing that stops being paid is the mortgage.

When we penetrate into the buy of a housing, fiscally we will have right to the deduction for acquisition of the habitual housing. At present this deduction is 15 % of the quantities delivered for the acquisition of the housing (or amortized capital of the loan), in addition to a fiscal compensation for those who had right to a major deduction for having acquired his housing before January 20, 2006. This deduction is limited up to 9015 euros for year.

The first year, the year of the buy, we will incur a few expenses as there are the VAT (or the ITP if there is second-hand), the Notary, the record, other taxes (AJD, municipal appreciation) that are going to overcome 9015 euros that we have right to deduce ourselves. Not to lose the right to deduce these initial quantities that are quite high, since they suppose approximately 10 % of the value of the housing, we can use the account I save housing and to deduce for anticipated the money that we save for the purpose of acquiring the housing (to pay these initial expenses).

The deduction that we get for Account Housing is the same that that of acquisition of habitual housing, also 15 %. The deduction limit for the account saved housing it is also the same one: 9015 euros per year. It must be an account separated from the rest of operations, which can be a current or of saving, does not have necessary that to be named an Account Ahorro Housing although really it is the most habitual thing in the banks and boxes. This money must go exclusively destined to the acquisition of the habitual housing. If in the course of four years starting from the opening of the account no housing has been acquired, we will have to return the quotas deduced to Treasury Department more the delay interests.

It is interesting to remember that if a house is bought between several persons (pro in I discern or a marriage) it is perfectly legal to have each one its own account housing and to be deduced by the dedicated quantities that correspond to him proportionally.

This way Four was titling his program of Street maps of a few Fridays ago and the AHE blames the less strong ‘’ families (that the term also brings them to itself).

During the year 2007 there has been revealed the crisis through that there lives the sector of the construction and of the real estate investment. A sector that historically has pulled the GDP contributing wealth to Spain and to those who were investing in housings, in the second residences, etc., that later could always sell with succulent benefits. East is now the problem. Now the apartments are taken more in selling. The boom of the previous years, her on evaluation, is corrected now and sometimes it is painful to return to the normality, to return to the real world.

This adjustment process affects all the participants of this business. To the individuals who want to sell an apartment, which his expectations must reduce and do price reductions if they want to sell in a moment like this one; and also to the professionals of the buyings and sellings: to the real estate agencies. In January, 2008 more than 50 % of the real estate offices of the country had to close; we even see a few builders in failure processes. All this reverberates in jobs that earlier were pulling the economy and on which there were depending many families, but that now stop being necessary.

In a global economy as in that we are be impossible to escape undamaged when it flogs the crisis, but the true thing is that in Spain it has been especially seriously due to the overvaluation that it existed on the real estate market. This is creating many offers and bargains on the real estate market: all kinds apartments (studies, central, urban developments, luxurious detached house …) reduced in 20 % or more.

The solution is difficult, and on the part of the Spanish authorities it is being managed very badly. When the problem is the access to the housing, what it is necessary to do is to promote the construction of more protected housings, of more housings of public promotion and not to allow the formation of a bubble of prices as this one, which, on having been corrected, becomes painful. Also, it is in these moments of stagnation when more necessary the public initiative is. The construction of VPO, of infrastructures, etc., thinking about how to achieve a more social effect and prevent many companies related to the housing or the construction from disappearing and his workpeople from losing everything.

The AHE, Spanish Mortgage Association, which it represents to banks, boxes and credit cooperatives, it accuses the least strong families of feeding and supporting the real estate boom.

Man, sounds loudly like that of the first. I believe that it would be necessary to distribute the faults between all, that each one assumes his part. The people who wants to be bought more than he can pay. And it does not cost me that the Euribor rose very much, because it is necessary to rely on that the Euribor can rise, and if I cannot get into the buy of an apartment, since I live of rent. But skylight, in this country we have the healthy habit of buying to us an apartment it to be left to the children (live through the inverse mortgage and that the biggest people enjoy what is existed currao!).

And on the other hand, and as there was saying Luís Pineda, the president of Ausbanc, the fault is of the banks, that they have harmed his work for not being able to grant a loan and value the risks.

And now, that every stick bears his sail, that everybody knew well what it was doing when it was doing it.

Meeting of the cabinet on Friday and approval of some of the economic measurements already announced in electoral campaign. The free enlargement of the mortgage from May, with a maximum duration of two years and for everything the fact that the one that wants, not only for the families in difficulty how one had spoken in the beginning.

In addition to the free enlargement of the mortgage there have been approved other measurements as the elimination of the Tax on the Patrimony from January 1, 2008 and the deduction for 400 euros in the IRPF for the natural persons that is assined to workpeople, autonomous and pensioners and that was one of the promises star of the electoral campaign.

Measurements directed to confront the already inevitable economic crisis and that from many sectors are seen like insufficient for the one that comes to us above.

It is necessary to take the things with humor, other one does not stay. Edu Soto, Neng de Buenafuente, tries that a pedestrian does a graffito in the shop window of the Bank Sabadell. Will it obtain it?

Everything to promote the Young Mortgage of the Sabadell. What three actors' piece!

We are already seeing that the real estate companies are not in the best of his moments. Normally, when the sector of the apartments and the loans has gone to the rise they have always been there to help to sell the apartments and to find the wished apartment and the way of being able to pay it.

It is part of the work of the real estate agencies to have a financial reagent. An expert in financing and loans that it helps to the one who wants to buy a house to obtain the loan that more is convenient for him and that he could pay with facility. Not all the banks are ready to grant loans to the whole world therefore it is useful to be provided with the help of a professional who should proceed with everything for us. This way, with a small interview or he chats in the real estate agency and refilling a sheet with personal and economic information, the financier will start looking for the best loan for every client.

This way, we can find in the same office both things: on the one hand the apartments, for other the advice. Nevertheless, when the conditions of the housing and of the loans harden, they harden for all, and the financial advisers and the real estate offices notice it very much since his commissions are an added cost that the price of the housing gets dearer even more.

Since a real estate office comes up he will receive a commission that represents 6 % of the value of the apartment to the buyer of the apartment and some real estate agencies also will receive commission from the seller, of average 3 % of the value of the apartment. If also we are provided with the advice of a financial expert to obtain the best loan he will receive a commission approximately of 3 % or 4 % of the value of the mortgage signed with the bank.

Example:

A person who buys a 240.000€ apartment and asks that a 200.000€ mortgage would have a subsequent cost in commissions of:

7.200 €	(3 % to the seller)
14.400 €	(6 % real estate agency)
8.000 €	(4 % financier)
22.400 €	Whole

It seems that Four dedicated on Friday night to the financial crisis and his consequences. After Adjustment of accounts, they expressed a reportage in Street maps titled ‘It lowers the housing’.

And it is expressed in one week with holders like: The construction will leave in the unemployment to 400.000 workers in the next two years or Greenspan: "The real estate bubble in Spain has been major that in the USA”, or in that the list was publishing The World with the real estate agencies seriously affected by the crisis of the sector, many of them in payments suspension.

After it see that think now when they say that the housing never low and that is a sure value.

When we saw like Luís Pineda, president of Ausbanc, it was recommending to check the contracts of our expenses at home advising to make like the companies in a hiring table and to auction the contracts looking for the best price, there begins today Adjustment of accounts, a program of Four that helps us to solve the economic problems at home that so much they affect to the personal relations.

As program reality and of coaching of the type Supernanny or you Put Green, Adjustment of accounts is provided with financial experts who will analyze the invoices, expenses and income of different families in order to help them to manage better his home economics. In the first program the credit cards take him from a family so that they learn to live without them.

It is released today and it will be every Friday at 21:30 in Four. In this linkage it is possible to see a piece of the first chapter. If it is so good as Supernanny, the thing promises.

Jesus Quintero interviewed last week in his program of South Channel “Mice Coloraos” Luís Pineda, president of Ausbanc, the Users' Association of Bank Services created by himself. Luís Pineda is a polemic personage to whom, between other things, we owe that the banks do not round to the rise in the mortgages, that inform us about the commissions of the tellers or that the RAI eliminates for natural persons.

The interview is very interesting and it is possible to see in the web of South Channel. The video belongs to the entire program, the appearance of Luís Pineda goes from the minute 9 to 28, earlier there are a few fandangos for the one that is interested.

In the chat with Farmer, Luís Pineda says that the fault of that should raise the slowness in the mortgages is of the banks, that they have harmed his work on not having been able to grant a loan and value the risks, since they have given loans to the crazy thing to the people who now cannot pay them.

The most interesting thing there is the solution that he proposes for someone who cannot pay a mortgage: the new Law Concursal (what earlier was to go into bankruptcy), which can be used for natural persons. The Ausbanc president tells that, as a person one cannot liquidate to (kill), with the natural persons an agreement is necessary to come.

He mentions also that a banker has said to him that the banks prefer that the clients pay his loans later to receive delay interests.

Also he affirms that often the banks prefer to charge from the guarantors, in case of death, that to the insurance, because it is legal and often the insurances are offered by the proper banks.

Then it happens to mention the benefits of the banking in Spain: savings banks 12.000 million euros, the Santander 8.000 and the BBVA 6.000. And he says that the only one that it has lost has been the Spanish Bank, 1.600 million euros, selling the gold badly.

On the crisis that approaches, he says that it is going to be brutal and that they come very hard times. He tells that a few levels of slowness of 3 % with the rhythms of sale of real estate that has existed in the last years it would affect hundreds of thousands of persons

As advices to get over the crisis it recommends not to get into important investments, check all the contracts of our expenses, says that if we all should check the contracts this would generate a competition that would provoke the prices descent. He advises to auction the contracts as they do the companies in the hiring table looking for the best price.

Asked about Farmer for the usury, it points out that as the ancient lenders were filing the golden coins, the modern lime is “the commission of opening”.

It does an important denunciation of the debit fictitious balance, overdrafts that the bank receives from us when there is money but the date value it is later to a receipt that has come to us, receiving interests of delay and overdraft commission.

After the whole cane that gives to the banks, and with the Farmer's mastery, he ends up by saying that the banking contributes a better society, on having given money, makes possible that your desires turn in fact.

The above mentioned, a very interesting interview to a polemic personage.