A viral tweet claims that a flat on the outskirts of Madrid that cost 120,000 euros in 2012 is now worth 360,000 euros, six times what the author considers its real price. The comparison mixes market prices with a personal estimate and ignores the effect of inflation and land scarcity.
The 2012 scene from **La que se Avecina** in which a character shouts «BOOOOOOOOLOM» has become a recurring meme to express disbelief at an alleged scam. That same year, according to a tweet circulating on social media, a flat on the outskirts of Madrid was selling for **120,000 euros** and was already considered expensive back then. The author of the message claims its real price was **60,000 euros**.
## The real price of a flat is not set by a tweet
The claim that a property is worth half of what is paid for it is an opinion, not a verifiable fact. Housing prices are determined by supply, demand, location and available financing. In **2012**, Spain was going through the bursting of the housing bubble: prices had fallen from their 2007 peak, but were still far above the levels of the nineties. A flat for **60,000 euros** on the outskirts of Madrid at that time was the exception, not the rule.
## From 120,000 to 360,000 euros in fourteen years
The tweet claims that the same flat, same bricks but more worn out, is worth **360,000 euros** today, six times what its author considers its real price. The figure comes with no source. Between **2012** and a hypothetical **2026** lie fourteen years in which cumulative inflation in Spain is around **30%**, according to the INE (Spain's national statistics institute), which would explain part of the rise, but not all of it. The rest is attributed, without any evidence, to what the message calls middlemen who profit from the worker who needs housing.
## A debate mixing outrage and unverified data
The message ends with an insult and a political slur that add nothing to the economic analysis. Outrage over housing prices is real and affects millions of people, but attributing the rise to an alleged collective robbery without providing a single deed, a property registry note or a verifiable listing turns a legitimate complaint into just another hoax. If someone claims a flat is worth six times its real price, the least they can do is say where that calculation comes from. And no, it comes from nowhere.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (1 replies).
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