Money vs quality of life? sorry long post

azkaban420

Sounds like you'll be better off near your sis then, as you've mostly mentioned pros to moving there - if they far outweigh the cons, then go for it

Az

zcrat41

Hi Spirit,

Just be very very careful about Egypt. I know the country well having lived there and studied Egyptology. Its a fantastic place, I agree but if you are thinking of investing there take a lot of professional advice and research it very very thoroughly.

I personally wouldn't do it. I don't speak Arabic well enough to deal with all the locals and their inimitable need for Baksheesh. Its also a country that many think are on the verge of a coup.

However, if you do go ahead, I'll rent your apartment for a holiday!

McKneff

If you knew that you were only going to be alive for the next five years, what would you do.

spirit

zcrat41 wrote: »

Hi Spirit,

Just be very very careful about Egypt. I know the country well having lived there and studied Egyptology. Its a fantastic place, I agree but if you are thinking of investing there take a lot of professional advice and research it very very thoroughly.

I personally wouldn't do it. I don't speak Arabic well enough to deal with all the locals and their inimitable need for Baksheesh. Its also a country that many think are on the verge of a coup.

However, if you do go ahead, I'll rent your apartment for a holiday!

I'm very envious zcrat, wished I'd studied Egyptology! There was a thread on here about 3 years ago now exposing a Brit who had been banned from running a company here and went out to Egypt and did something fairly similar. It got a bit too personal on here and got shut down so a new site opened up to discuss all things egyptian property. I've learned lots from that. I know what you mean about the locals treating us like walking banks and the tricks they try. the last time I went there I think I had about 7 marriage proposals :rotfl: Their banter makes me chuckle, 1. Are you single? 2. Have you got your own house/car? If you answer yes to them then they get the £ signs in their eyes.

I'm also a recreational diver and have friends who are who may rent the apartment (if I get one there)

I've not discounted other areas though and am researching them. I'm going to the Place in the Sun exhibition in March too.

spirit

Incyder wrote: »

Well if you sell for the asking you will end up with 170k+ after costs are paid. Very nice.
Why not just start spending it, at so much per year, and not buy another house.
You can't take it with you, as they say.

Very true but I like my security and would prefer my own front door. Also my ex husband got his mother to change her will in favour of her other grandson from his previous marriage. His argument was that our children would benefit from my will whereas his other son wouldn't. Ex mil died last July.

I'd want to leave as much as I could to the children. I occasionally joke with them now saying they'd be better off financially if they bumped me off and took all the insurances and half the house each. (just a joke)

jenhug

bear in mind if you buy a mobile home you will have site fees, will need to replace the caravan every so many years as most sites won't allow vans over a certain age, its a bit of a minefield owning one really.

BitterAndTwisted

I met a retired Post Office worker once who spent the summers in his home on Ios and the winters renting in Goa. Bloody perfect!

If you sell up and head out west before you've stacked away enough in your pension pot you'll never have that kind of life. Penury stinks no matter how lovely the scenery. I wonder how many people you'd have to fight for a seasonal job on minimum wage down there?

I notice that the angry poster who was swindled out of his money over an apartment in Hurghada hasn't bumped his thread in a while...

getmore4less

moving is expensive, less than a year is a short time to be having another re think

get it right this time

McKneff

Who cares, glass of wine, or two(we will die, our great granchildren (most of the time) will have no knowledge of us being here,
apart from a gravestone and an internet search site.
Enjoy it now....!!!!!!. They can have the house and the car and the insurance policeis (which we will take out, hopefully just to cover the funeral costs, if not, we wont he here to worry about it. )

My mum, 60, went to the shops, dropped dead of a heart attack, never came home, nuff said, Im 61

Jenniefour

zcrat41 wrote: »

Hi Spirit,

Just be very very careful about Egypt. I know the country well having lived there and studied Egyptology. Its a fantastic place, I agree but if you are thinking of investing there take a lot of professional advice and research it very very thoroughly.

I personally wouldn't do it. I don't speak Arabic well enough to deal with all the locals and their inimitable need for Baksheesh. Its also a country that many think are on the verge of a coup.

However, if you do go ahead, I'll rent your apartment for a holiday!

Take careful note of what this poster is saying - I have longstanding connections with Egypt going back many years. There have been concerns for a few years now about what might happen when Mubarak dies - and now what's happened in Tunusia means that countries in the Middle East are more vulnerable to future unrest. This could have serious consequences for anyone who's invested in property there.