After all, real estate is such a significant purchase for most people that you’d think people would be only too ready to think twice and long and hard before committing to purchase – especially when buying abroad where rules and customs differ greatly to what we may be used to.

But it seems that so many people are seduced by sunshine in Spain and by aggressive and slick agents and developers that they are willing to purchase unseen, to buy off-plan or even remotely via internet and to basically purchase without slightest clue about just what it is they’re getting for their money.

People are buying Spanish property without completion of surveys, without employing independent legal advice, without considering long term investment potential of their property and without considering practicalities of owning a second home in an overseas location…and what’s more worrying is fact that due to Spain’s universal appeal more and more people are doing so every year.

So, time has come to promote idea of applying a cautious approach to buying property in Spain starting with - don’t leave your brain on plane…

When you arrive in Spain you will undoubtedly be seduced by surroundings of your chosen destination, you will be able to immerse yourself in dream of owning a home in idyllic location and living a holiday-like lifestyle all year round should you so choose…and these feelings will leave you elated but vulnerable to traps and pitfalls that are there at every stage of property buying process. Remember, those traps and pitfalls exist in every country in world and do not change just because you’ve change country!

The clouds of a 2006 Recession are starting to form on America's horizon. Politicians know that Recessions or Depressions are bad for their reelection changes. Bad economic times tend to create unemployment among nice folks holding office at time of economic stress. You can expect Government to do everything possible to delay a Recession until after November 2006 election. However, American economy is currently caught in an upward moving inflation and a Recession would still fires of a runaway currency. The Real Estate Bubble may be about to burst. And, America's financial institutions appear to be in increasing trouble over failed derivative bets.

If you are a Government bureaucrat with over tens years at your job, odds are you have nothing to fear from a Recession. If you work in private sector, you should carefully access your unemployment risks now and take whatever action best meets your potential problems during a Recession.

If you are near brink of bankruptcy, Congress wants to make your life a living hell. They passed "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005." There is no question that current bankruptcy laws offer far more debtor relief from burden of unmanageable debt than this new Act. If you have too much credit card debt, large medical bills, high mortgage payments, have a variable rate mortgage or have high car payments, you need to carefully review your financial situation, now. If you think that you could lose your job during a Recession, you have until October 2005 to file under present bankruptcy law. Under new law, your creditors could take everything of value or leave you drowning in debt for rest of your life. If you are close to bankruptcy, seek advice from a bankruptcy attorney. Do it today.