Wow, what an adventure, sounds like a huge place.
I'm going to hazard a guess that property is fairly cheap in Morocco!?!
You are viewing a single comment's thread from:
Wow, what an adventure, sounds like a huge place.
I'm going to hazard a guess that property is fairly cheap in Morocco!?!
Even if the property itself is "cheap," the maintenance and repairs never are.
What a find!
What a dream home! "This house has history, and now Michel and I are part of it." Sounds like a good opening to a novel. :)
Hi,
I think you may have replied to me my mistake, rather than the top level post!
Maintenance and repairs in Morocco are a song compared to what they are in the U.S., and the craftsmanship is extraordinary. You'd die if I told you the quote for repairing the corner of the house, which includes steel rebar reinforcement. You couldn't add a deck to a house in the U.S. for that amount. Some things in Morocco are expensive, like cars and internet service. But many other things mirror the ratio of dirham to dollar: one dirham equals approximately ten U.S. dollars. So a repair that would cost upwards of $20,000 in the U.S. could cost as little as $2,000 here.
Amazing!!!
So good to hear from you! :)
You got it: property wasn't expensive here in the first place, but right now, there's "blood in the streets." Not literally, of course. Just quoting Rothschild. We picked this house up for exactly half its original list price. Let's just say you couldn't buy a double wide mobile home for our final price. There are other homes in this area that are good buys as well, if investors are prepared for the long haul. They're not quick flips. For people looking to evacuate funds from the EU before bad things happen, it might be a thought.