Job Discussion Forums

web fishing · Joined: 02 Jun 2005 Posts: 95

I'm with you Qatarchic. I'm becoming interested, too. I have some friends who bought something in South America and Thailand. But India is looking good.

cmp45 · Joined: 17 Aug 2004 Posts: 1475 Location: KSA

Hi Web fishing and Qatar chic,
Yeah, you would think with a lucrative Saudi Arabian salary I should have it all saved up by now. Trust me, it's just not so cut and dried as all that.
I am managing to put away some for the $$$$ for property. It seems by previous posts and from what I have learned so far the best bet is to pay it all in cash. I was just curious about loans and if it were possible to obtain one; to speed up the process cuz am eager to have a home base. (and yes be in debt again but would be great to have that place to go to every summer and holidays)
Like qatar chic it is still good to investigate and look around. I am rather nomadic at the moment and have to say that traveling during holidays/ school breaks are the big reason for shortage of cash. I guess if I stayed home and never went anywhere and was miserly I could have bought something a few years ago LOL Just not my style.
I guess for the next few years I can continue to enjoy looking around.
If I find any more "proper property" information I will pass it on.
Cheers

QatarChic · Joined: 06 May 2005 Posts: 445 Location: Qatar

ooooh!

which part of South America did they buy property in web fishing? Sounds interesting Very Happy

CMP yeah it's funny, most people think that just because you live in the Gulf you make a fortune! Shocked

It's not necessary the case. But salaries are higher than elsewhere, I admit that.....

web fishing · Joined: 02 Jun 2005 Posts: 95

It's in Ecuador. House and farm land for something like$50,000. They said they fell in love with Ecuador after their first visit. I never been anywhere in S. America, I couldn't tell you how lovely it is. It would be ideal to purchase property in S. A. since I'm American. The commute from the US would be less than going to India, and a lot cheaper. Laughing

Justin Trullinger · Posted: Tue Aug 23, 2005 10:57 pm Post subject:

Ecuador is lovely, trust me. I'd be wary of property prices, though, as the economy isn't what you'd call stable. It's riding high, on high oil prices, right now, but most experts say the oil will last less than 25 more years. Then, plummeting awaits. Or maybe sooner, as last weeks protests, shutting off oil production, show. The value of anything in this country can go down, or less commonly, up, at the drop of a hat.

Regards,
Justin

2 over lee · Posted: Wed Aug 24, 2005 4:31 am Post subject:

"One of the most remarkable things about the Chinese is their power of securing the affection of foreigners. Almost all Europeans like China, both those who come only as tourists and those who live there for many years. In spite of the Anglo-Japanese Alliance, I can recall hardly a single Englishman in the Far East who liked the Japanese as well as the Chinese. Those who have lived long among them tend to acquire their outlook and their standards."

Bertrand Russell, 'The Problem of China'.

I think you left this out of your original quote Zero.

http://www.gutenberg.org/files/13940/13940-h/13940-h.htm#CHAPTER_XII

Zero Hero · Joined: 20 Mar 2005 Posts: 944

The excerpt you quote does not fall between the first and last word of the passage I quoted. Therefore I did not 'leave it out'.

Working by your 'logic', I 'left out' the rest of the book.

QatarChic · Joined: 06 May 2005 Posts: 445 Location: Qatar

$50 000 for land and a house? Shocked

Wow- not bad at all!

I have seen property in Fez- located amongst hills and streams for around �20, 000...around humm in $...I dunnno you could check on xe dot com Very Happy

Get this, in the UK you get a teeny weeny apartment, with one bedroom and prices start from �90, 000 and people wonder why Brits move abroad to buy property..... Rolling Eyes

ContemporaryDog · Joined: 21 May 2003 Posts: 1477 Location: Wuhan, China

QatarChic · Joined: 06 May 2005 Posts: 445 Location: Qatar

ContemporaryDog · Joined: 21 May 2003 Posts: 1477 Location: Wuhan, China

Even on a good wage, let alone the pathetic amount TEFL teachers get (about 12,000 quid a year)!

My parents bought their place in 1976, in Hackney. Not a great area, but the house was 4 bedrooms, big garden. They were part time teachers. They just sold it for 280,000, and it wasn't in great condition either.

To buy the same place now they'd have to be earning around 60,000 a year each. It's simply got much harder for those in average-paid jobs.

QatarChic · Joined: 06 May 2005 Posts: 445 Location: Qatar

web fishing · Joined: 02 Jun 2005 Posts: 95

You should see the prices of real estate in New York City $$$$$$$$

QatarChic · Joined: 06 May 2005 Posts: 445 Location: Qatar

how much is property in NYC then??

A few colleagues of mine have just bought property in Bulgaria and Croatia at very cheap prices too...

web fishing · Joined: 02 Jun 2005 Posts: 95

Seven years ago when I started graduate school, my parents bought me a one bedroom apartment in Manhatten for $145,000 [excellent deal]. Now that apartment [on the market] is worth $400,000. I rent it out for $2100, and use some of the money to support my travels. I will never sell [I think], if ever I decide to settle in NY I would live in the apartment.

Old run down homes in "ghetto" areas like Harlem are running $500,000 to 1million I think Clinton putting his office up there might have helped. Property around the New York University area is pretty much untouchable. If you are lucky, you can find a studio [usually much less than 900 square ft.] to rent for $1500 a month (and don't forget the deposit money, security, brokers fee... so add another $6000 you have to pay up front just to move in). The whole thing is crazy if you ask me. Crying or Very sad

India is looking good Laughing