As the saying goes a man's home is his castle but in this case, it really is true. House prices in Spain and France remain dangerously over-priced, based on their historical average versus rents.This is a good measure to start with. It gauges fair value for properties in the same way that a price-to-earnings ratio does for a share on the stock market. In short, you divide the price by the annual earnings of a property then compare this against the average for the past 20 years....AMOR PATRIAE
MORE HIT SONGS OF THE SIXTIES
Wednesday, July 29, 2026
In 1981, a machine operator hit something with his shovel in a rice field in Surigao del Sur.
In 1981, a machine operator hit something with his shovel in a rice field in Surigao del Sur.
It wasn't rock. It was gold, part of a hoard so vast it rewrote what we thought we knew about wealth in Southeast Asia before Europeans ever arrived. For three centuries, Spanish conquistadors tore through the Americas chasing the legend of El Dorado, a lost city of gold. They were on the wrong continent the entire time.
Long before Magellan's ships reached these shores, Filipino goldsmiths were casting sacred regalia so precise that European silversmiths admitted they could be fooled by it. Kings wore gold on their teeth. Boats were buried with their owners in gold. Then it all disappeared, not lost to time by accident, but buried on purpose, and then erased from memory by the conquest that followed. This is the story of how an empire's worth of gold vanished into the ground, and how a nation forgot it was ever rich.
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