News like that sends a chill down my spine.
I wish him all the best and every success in his efforts.
Yes, and the worst thing is that he's far from alone.
I look at my own situation where the only advantage I have is that I'm much older with less expected time ahead to finance and no children dependent upon me.
In 2007 my apartment was worth in the region of X pounds or euros, depending on the buyer; today, similar but smaller-terraces ones in the complex are for sale (mine was a one-off designed for the developer's wife as investment but they split), and one sold recently for about 0.5X because the owner has no money worries and had already bought a villa a couple of hundred yards away. This further distorts the market. A further five in the complex are also sporting Se Vende
signs. I'd like to get out of Spain just to make death duties less painful for the kids, but without my throwing away the place for a pittance, seems I'm stuck.
I never thought I'd see the day estate agents went bust! I have seen it.