The scary case of Article 50 of the 2018 budget

The Jade

Legendary Member
#1
Article 50 of the 2018 budget states that any foreigner who buys real estate in Beirut with a value of $500,000 and more or outside Beirut for a value of $330,000 and more will be eligible for permanent residency.

Now, people who are ok with this will say that this will help reinvigorate the real estate sector and would attract cash into the country.
Fine, fair enough, although there are other ways to do that without bending over.

But here's why this article gives me shivers....and should do the same to you:
  • Lebanese are cash strapped, if more foreigners are going to buy real esate, this will drive prices up and apartments which were hardly attainable before, will be totally out of reach
  • Let's not forget that the state doesn't have the cash to provide "supported loans" "قرض مدعوم"
  • This means that the Lebanese who barely had enough money to buy a house, now can't buy it at all. They will be foreigners in their own country
  • This also opens the door for a gradual naturalisation of palestinians and syrians. I know people will say that palestinians or syrians don't have money, but don't you think that the gulf states and the US which have tried on several occasions to naturalise them would inject the funds in the pockets of palestinians and allow them to buy?
  • You will also say that Palestinians are not allowed to buy property. But let me remind you that over the years, palestinians' rights in Lebanon have been increasing. The jobs they're allowed to do in Lebanon are increasing every few years. What would stop foreign powers from finding the right stooge to pass a law allowing palestinians to buy real estate in Lebanon? What would stop them from putting economical pressure on the country with the conditions that it won't be lifted until the palestinians/syrians can buy real estate?
Let's not forget that ONLY 50 MPs have voted on this law.....and it passed.
That's less than half of them.....

People cheering for this budget, have forgotten that the same people they want to put back in power have signed their death certificate.
This is beyond revolting, and the silence of citizens and politicians is worryingly deafening.
 
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  • The Jade

    Legendary Member
    #2
    بالكاد قُرئت المادة. تنبّه النائب سامي الجميل. وقف معترضاً، مطالباً بعدم إمرارها.

    رد وزير الاقتصاد رائد خوري معتبرا ان هذا الامر "لا مفاعيل خطرة له، وهو يعزز القطاع العقاري، ولا ضرر منه"، قائلا: "هذه المادة تعطي اموالا للخزينة". فعلّق الجميل: "ولماذا نمنح اقامة دائمة لهؤلاء، اي لكل واحد اشترى شقة سكنية بـ300 الف دولار، أيعقل ذلك؟ وماذا عن اللاجئين السوريين؟".

    اجابه خوري: "هؤلاء ما معن مصاري".

    في تفاصيل المادة ان كل عربي أو أجنبي يتملّك وحدة سكنية ابتداءً من 500 ألف دولار في بيروت، او 330 ألف دولار خارجها، يمنح إقامة دائمة له ولزوجته ولأولاده القصّر.

    تدخّل وزير الداخلية نهاد المشنوق، قائلا: "هذا الامر لا يتعلق بالفلسطينيين، لان ثمة قانوناً يمنع التملك لهؤلاء. اما بالنسبة الى اللاجئين السوريين، فهم لا ينتظرون هذه المادة اذا ارادوا شراء شقة".

    ضاعت البوصلة. تابع الجميل: "المشكلة ليست في الشراء انما في منح الاقامة الدائمة. انه موضوع خطير ان تقر هذه المادة، وعلى ارضنا نحو مليوني لاجىء سوري. ان الاسوجي او اي اوروبي آخر عادة لا يتحمس لشراء شقة سكنية في لبنان، هذه المادة سيستفيد من مفاعيلها العربي بشكل خاص".


    حاول عضو "تكتل التغيير والاصلاح" النائب حكمت ديب "مساندة" الجميل، قائلا: "انها مسألة خطيرة".

    لم يكمل. اسكته عدد من الوزراء

    أخطر ما ''تسلّل'' من مشروع الموازنة: لكل عربي أو أجنبي متملّك في لبنان إقامة دائمة - منال شعيا
     

    The Jade

    Legendary Member
    #3
    بالارقام، يوضح الدويهي "اننا تخطينا منذ زمن الحد او السقف القانوني. هناك 1313 مرسوما تتعلق بتملك اجانب لأكثر من 58 مليون متر مربع سبق واستُملكت، منها ما نسبته 95 في المئة في جبل لبنان وبيروت".

    اليوم، تضاف الى هذه المشكلة مسألة الشقق السكنية وربطها بالاقامة الدائمة. يعلّق الدويهي: "نحن في الاساس تخطينا الحد القانوني. ان نسبة الـ10 في المئة في بيروت التي يسمح بها القانون وصلت الى حدود الـ22 في المئة، اما نسبة الـ3 في المئة خارج بيروت فهي قاربت الـ6 في المئة، وتحديدا في المتن الجنوبي والمتن الشمالي. ببساطة، تضاعفت الارقام، فعن اي نسب تملّكٍ يتحدثون بعد، وهم تخطّوا الحدود القانونية؟"

     

    Aoune32!

    Active Member
    #4
    This article should be scrapped immediately and protests should start. This political structure has failed over and over again.
     

    Aoune32!

    Active Member
    #5
    This article should be scrapped immediately OR protests should start. This political structure has failed over and over again. This is like tawtin bas ta7et l tawle. Article should taken out right away. Pathetic state!
     

    Indie

    Legendary Member
    Staff member
    #6
    Seriously?!!! SERIOUSLY?!!!!!!!!!!

    Who are the MPs who voted for this? I WILL NEVER VOTE FOR THEM!

    FPM WHERE WERE YOU WHEN THIS HAPPENED?
     

    Aoune32!

    Active Member
    #7
    Seriously?!!! SERIOUSLY?!!!!!!!!!!

    Who are the MPs who voted for this? I WILL NEVER VOTE FOR THEM!

    FPM WHERE WERE YOU WHEN THIS HAPPENED?
    Why do you think the Patriarch has been talking about for like 2 weeks? He yelled at the parliament and politicians and said that people will be going down on the ground as this article will never happen and need to be scrapped.
     

    Aoune32!

    Active Member
    #8
    • 15:59Gemayel demands President Aoun to refer the 2018 budget back to the Parliament over the unconstitutional provisions of the Article 50 which grants foreign nationals who buy apartments in Lebanon a permanent residency
    bastards.
    First Gebran advises that he approves a law that Lebanese mothers can give citizenship to their children and now that foreigners who buy property can get permanent residency. WTF are these people thinking seriously?
    We have 2 million foreigners on our land and now they want to give foreigners PR if they come and invest? This is NOT the way to create investment in the country. This is absurd and ask the President to place back the law into Parliament. Article 50 needs to be removed.
     

    Indie

    Legendary Member
    Staff member
    #9
    Foreigners buying real estate IS NOT INVESTMENT IN THE ECONOMY.

    The only people who will make money are real estate developers; and, to a lesser degree, Syrian construction workers.

    The average Lebanese will LOSE: environmental quality and space, affordable homes, time in more traffic due to more people living in the country, electricity and water which are already scarce...prices on everything will go up in areas catering to foreigners.

    What in the world were they thinking?! Enough with politicians behaving like Lebanon is their and their buddies' personal cash cow!

    Investment in the economy = more jobs and better jobs for the average Lebanese!

    They are turning Lebanon into a banana republic!
     

    Dark Angel

    Legendary Member
    #10
    The article states that foreigners who buy an apartment for more than 500K in beirut, or more than 350K outside beirut, will be granted residency as long as they own the apartment. once the apartment is sold, the residency is dropped.

    there is nothing dangerous in this law.
     

    Indie

    Legendary Member
    Staff member
    #11
    The article states that foreigners who buy an apartment for more than 500K in beirut, or more than 350K outside beirut, will be granted residency as long as they own the apartment. once the apartment is sold, the residency is dropped.

    there is nothing dangerous in this law.
    You have got to be kidding!
     

    Lebnaouneh

    Well-Known Member
    #12
    Article 50 of the 2018 budget states that any foreigner who buys real estate in Beirut with a value of $500,000 and more or outside Beirut for a value of $330,000 and more will be eligible for permanent residency.

    Now, people who are ok with this will say that this will help reinvigorate the real estate sector and would attract cash into the country.
    Fine, fair enough, although there are other ways to do that without bending over.

    But here's why this article gives me shivers....and should do the same to you:
    • Lebanese are cash strapped, if more foreigners are going to buy real esate, this will drive prices up and apartments which were hardly attainable before, will be totally out of reach
    • Let's not forget that the state doesn't have the cash to provide "supported loans" "قرض مدعوم"
    • This means that the Lebanese who barely had enough money to buy a house, now can't buy it at all. They will be foreigners in their own country
    • This also opens the door for a gradual naturalisation of palestinians and syrians. I know people will say that palestinians or syrians don't have money, but don't you think that the gulf states and the US which have tried on several occasions to naturalise them would inject the funds in the pockets of palestinians and allow them to buy?
    • You will also say that Palestinians are not allowed to buy property. But let me remind you that over the years, palestinians' rights in Lebanon have been increasing. The jobs they're allowed to do in Lebanon are increasing every few years. What would stop foreign powers from finding the right stooge to pass a law allowing palestinians to buy real estate in Lebanon? What would stop them from putting economical pressure on the country with the conditions that it won't be lifted until the palestinians/syrians can buy real estate?
    Let's not forget that ONLY 50 MPs have voted on this law.....and it passed.
    That's less than half of them.....

    People cheering for this budget, have forgotten that the same people they want to put back in power have signed their death certificate.
    This is beyond revolting, and the silence of citizens and politicians is worryingly deafening.
    So if I’m getting this article right: it would take 50 BILLION DOLLARS of investment in Lebanon to only grant permanent RESIDENCY (which they already do) to 10000 palestinian?
    Also, according to liberal media, would you be considered of being racist/fascist/extreme right by trying to scare and warn people of excessive Palestinian rights?
     
    Last edited:

    Dark Angel

    Legendary Member
    #13
    You have got to be kidding!
    i do not see the issue. arabs can buy apartments in Lebanon whenever they want. it is not that it wasn't possible and now this law permitted it. the only difference is that a temporary residency status will be issued to the people in the apartment. it literary changes nothing. palestinians and syrians cannot benefit from this law. and the temporary residency status does not offer much privileges in our country. this is a storm in a cup.
     

    Lebnaouneh

    Well-Known Member
    #14
    You have got to be kidding!
    If it will be used for the benefit of palestinians, it would take 50 billion dollars to grant residency (which they already have) to only 10000 palestinian (more have already been naturalized during the syrian era)
    I think it’s safe to say that the rate and even the privilege granted being only of residency (li smalla ma 7ada ever tdar yekhoud ezen mena to stay here) make it impossible to be used for naturalization purposes
     

    Indie

    Legendary Member
    Staff member
    #15
    i do not see the issue. arabs can buy apartments in Lebanon whenever they want. it is not that it wasn't possible and now this law permitted it. the only difference is that a temporary residency status will be issued to the people in the apartment.
    That's a huge difference because it's a huge incentive to buy. We want foreigners to buy less real estate in Lebanon, not more.

    And it's not just Arabs. I don't want rich Westerners usurping the already expensive real estate either, driving prices up, and competing for the good jobs.
     

    Dark Angel

    Legendary Member
    #16
    So if I’m getting this article right: it would take 50 BILLION DOLLARS of investment in Lebanon to only grant permanent RESIDENCY (which they already do) to 10000 palestinian?
    Also, according to liberal media, would you be considered of being racist/fascist/extreme right by trying to scare and warn people of excessice Palestinian rights?
    the irony is that the same people who have accused bassil of being racist and preventing Lebanese women from passing the nationality to tens of thousands of palestinian and syrian children, are now warning against this law and its demographic effects.. wonder of wonders.
     

    Indie

    Legendary Member
    Staff member
    #17
    You guys are totally missing the point. This has nothing to do with Syrians and Palestinians. This has everything to do with turning the country into a playground for the international rich, while those of you in Lebanon will get more and more impoverished. Ya3ni you will be like the poor locals in exotic locations where foreigners vacation and live like royalty. A banana republic that caters to wealthy expats. Open your eyes!
     

    Dark Angel

    Legendary Member
    #18
    That's a huge difference because it's a huge incentive to buy. We want foreigners to buy less real estate in Lebanon, not more.
    And it's not just Arabs. I don't want rich Westerners usurping the already expensive real estate either, driving prices up, and competing for the good jobs.
    not really. it is not an incentive at all. having a residency in Lebanon simply saves people a trip to renewing a visa. foreigners will not be lining up to buy apartments, and the prices of real estate will not rise. this is not offered as an incentive, but rather as a regulatory step.

    of course i would rather it gets revoked, but it is not as much of a problem as "some" people are making it sound. you can rest assured that the number of people who will decide to buy property in Lebanon because of the annexed temporary residency would not amount to 10 per year.
     

    Dark Angel

    Legendary Member
    #19
    You guys are totally missing the point. This has nothing to do with Syrians and Palestinians. This has everything to do with turning the country into a playground for the international rich, while those of you in Lebanon will get more and more impoverished. Ya3ni you will be like the poor locals in exotic locations where foreigners vacation and live like royalty. A banana republic that caters to wealthy expats. Open your eyes!
    but foreigners can buy apartments in Lebanon anytime they want, it is not like they weren't able before and now they can.
     

    Lebnaouneh

    Well-Known Member
    #20
    the irony is that the same people who have accused bassil of being racist and preventing Lebanese women from passing the nationality to tens of thousands of palestinian and syrian children, are now warning against this law and its demographic effects.. wonder of wonders.
    @The Jade is desperate for propaganda as usual lol
    You guys are totally missing the point. This has nothing to do with Syrians and Palestinians. This has everything to do with turning the country into a playground for the international rich, while those of you in Lebanon will get more and more impoverished. Ya3ni you will be like the poor locals in exotic locations where foreigners vacation and live like royalty. A banana republic that caters to wealthy expats. Open your eyes!
    I dont think having permanent residency in unstable Lebanon will be a game changer for the rich? It seems more like a courtesy gesture
     

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