The Chosen One
Orange Room Supporter
Leave? What about their useless USD in lebanese banks? Leave it to be taken away? You are missing the point.so why would anybody buy in Lebanon if they can't get 50$ a week. People are not even getting their salaries in LBP. Soon everybody will be selling to leave the country and then the prices will even go lower. this is why they are shoving down the throats ads to buy as they are stuck with a lot of housing stock that they know they can't sell and will be worth less with time.
Their catching phrase is what you are telling me. that real estate is better than money that you can't withdraw.
Well only if you can't leave Lebanon you need real estate but if you can leave then why get stuck with something you might never be able to get rid off, some people who live abroad are actually getting their money when they are threatening with lawsuits. Worst case scenario you get a haircut, if you get a headcut then the whole country is doomed anyway.
I advise people to leave, real estate actually goes against the direction I am giving as it forces you to stay...if you're staying there regardless then buy because you are staying in it, but it is not a good investment.