Comments on: LEBANESE HOUSING BUBBLE!

By: جوانی پِٹّا

جوانی پِٹّا — Mon, 01 Jul 2013 08:44:37 +0000

Same is happening in Dubai these Days.

By: جوانی پِٹّا

جوانی پِٹّا — Mon, 01 Jul 2013 08:44:03 +0000

live forever? Does Lebanon offers nationality to foreign expats?

By: xtrem

xtrem — Wed, 04 May 2011 12:23:47 +0000

well , my father made the right choice , we have a big land , a three stories house { NO AM NOT BRAGING} eventhough i dont want to live in lebanon , the taxes , the fuel , the food , the electricity the ineternet … .. all of these are freaking expensive , and if u had the money , and no WASTA {pollitical support} u wont have a descent paying job .
I choose to live outside and keep that place for my relatives

By: Marriage on-hold

Marriage on-hold — Mon, 28 Feb 2011 12:39:23 +0000

Dear Lebanese,
Do NOT wait your government to issue any rule that might help you live in this country. Who cares if you live here or not?! Just be stupid enough to blind-elect those filthy politicians. (All of them..)

By: Sako

Sako — Tue, 31 Aug 2010 14:17:39 +0000

I think it’s better buying a house in Cyprus and a small boat to go there everyday

By: Sareen Akharjalian

Sareen Akharjalian — Mon, 30 Aug 2010 07:37:35 +0000

The prices exceed 200,000 not only for the poorly constructed apartments but for those apartments that are more than 20 years old! Thanks Zaher for the comment.

By: Zaher

Zaher — Fri, 27 Aug 2010 06:34:47 +0000

Indeed; however, if I am not mistaken, a new tax on the empty apartments is realized in the new budget! woo finally, YET, we need some more serious measures.

The government should adopt some prices ceiling plan, mainly according to certain classifications for the areas. It is crazy that prices in the most populated areas have exceeded $200,000 for even poorly constructed apartments!!

By: Sareen Akharjalian

Sareen Akharjalian — Tue, 17 Aug 2010 11:38:35 +0000

What I don’t understand is why the government doesn’t add additional taxes to those who are purchasing a house but don’t actually live in Lebanon. This is how it’s done in other countries. It isn’t fair. Anyway thanks for the comment!

By: Sareen Akharjalian

Sareen Akharjalian — Tue, 17 Aug 2010 11:36:00 +0000

Very well said. The way I see it is there are 3 choices that a person can make in order to continue living here (without depending on old money)
1. Live with their parents even after they get married.
2. Have a house mortgage for the next 30 years. Eventually you find out you’ll NEVER get out of debt.
3. Leave the country.
I left out hidden option number 4 which is to make money through illegal means.
Good luck and hope things will change!

By: meinlebanon

meinlebanon — Tue, 17 Aug 2010 11:05:59 +0000

As an expat living in Lebanon, one of the reasons that I know that my time here is limited is the fact that I will never be able to afford to build a life here. How will I be able to pay for my mortgage, afford a car, put my children through school, travel…etc etc etc..the list goes on and on..Unless you are from a family with “old money” chances are, not matter what your determination or resolve, there will come a day when you will want better for yourself..and that is the day that you will leave Lebanon.

I’m 23, and for now, Lebanon is great..I’m experiencing things I would have never had the opportunity to had I stayed in the States..but unless the economic situation in Lebanon changes,,I will not be be able to live here forever (even if I want to!)

By: Nabeel

Nabeel — Tue, 17 Aug 2010 08:17:57 +0000

Haha, awesome. with color too!
(I noticed the last google add too: $990,000 VILLA in Lebanon )

By: Tweets that mention LEBANESE HOUSING BUBBLE! « Ink On The Side -- Topsy.com

Tweets that mention LEBANESE HOUSING BUBBLE! « Ink On The Side -- Topsy.com — Tue, 17 Aug 2010 07:37:29 +0000

[...] This post was mentioned on Twitter by gabrielghali and Lebanese Tweets, Sareen Akharjalian. Sareen Akharjalian said: LEBANESE HOUSING BUBBLE!: http://wp.me/pPiH9-8Y [...]

By: iRoody

iRoody — Tue, 17 Aug 2010 07:27:07 +0000

yet another interesting post!
You know the lebanese saying: Niyel yalli 3endo mar2ad 3anze b lebnen?
This will always be true, because my dear Lebanese friends if you keep selling your properties to the next rich Arab (just to drive a Mercedes benz or wear a rolex) you will end up wishing to have 1 sqm spot in that country!

“Earth provides enough to satisfy every man’s need, but not every man’s greed” Gandhi
… and especially not the Lebanese Greed!

Lovely post keep on the good work…