Thread 512960435

Whilst looking for a cozy expat spot, I've noticed an interesting phenomenon.
>Apartment in Spain: 150k usd
>Apartment in Morocco: 150k usd
>Rent in Spain: 1000 usd
>Rent in Morocco: 300 usd
Btw the average Spaniard makes 1500 usd per month, the average Moroccan makes 300.
How does this happen? Ho can be the real estate market in Morocco be so inflated? Who is paying these prices for a house in a shithole?

Its almost as if it depends on the person renting, the location, the amenities and services nearby, and a multitude of other factors

>>512960435 (OP)
I think the properties you can see are already heavily filtered so you simply won’t see the cheapest Moroccan apartments, theyre probably way too filthy for westerners.
Also I think Spain is a lot more expensive than you mentiob, Especially Madrid and Barcelona are equally expensive as Belgium.

>>512960435 (OP)
Ma- what?

>>512960435 (OP)
Average apartment in Morocco is about 70k, 150k is the range of a luxury apartment or small villa
I'm in my mid twenties and I already own multiple properties.
To answer your question: Extreme corruption and inequality which Spain does not have.

All Moroccans who’ve immigrated here invest their money in real estate back in Morocco.

>>512960435 (OP)
morrocco is way past being cheap expat place

>>512962494
Really? Those are not the prices I see posted online. How do you look for apartments?
Is it true that you don't actually own the properties, just a 99 year lease from the government?

>>512960435 (OP)
Housing supply in Morocco is limited compared to population while Spain's population is shrinking rapidly

>>512962753
Population in Spain is not shrinking, they are letting in half a million migrants per annum. Half of those are Moroccans, and Morocco is barely above replacement.
I'd have assumed houses in Morocco would be worthless outside of the main cities following international patterns, but if that's the case I don't see it online (I'm searching in French and Arabic).

>>512960435 (OP)
>why is rent tied to average income
doesnt take a big think

>>512960435 (OP)
I don't know

>>512962902
All the Moroccans all over the world earn salaries whereever theyve immigrated to buy spend it buying property in Morocco.

Hence you have a lower rent there but just as high property costs as influx investment from places with higher salaries is rampant.

>>512960435 (OP)
All the subhuman nafrishit sending back welfare they get, as well as money from criminal activities abroad as well as exploitation in Morocco itself.

They are all criminal and immoral shitscum. Every single fucking one.

>>512960435 (OP)
man it sounds like banking is like universal or something

>>512963082
Yes this makes sense

>>512963082
Leverage 1st world wage money for 3rd world hard assets

>>512960435 (OP)
Spain is huge, they decided to just build houses and sell them to everyone internationally to make profit.

In other countries new houses are more rarely built so the price goes up. People in Europe don't want to move to spain because the pay is low and it's a bit harder to find jobs there.

>>512961460
Also this, but spain is cheap, housing cost twice less than in hungary and we are poorer.

>>512960435 (OP)
There was a property bubble in spain, after that they decided to build more houses.

https://en.m.wikipedia.org/wiki/Spanish_property_bubble

>>512961306
You eat poop

>>512960435 (OP)
if moroccanimals were selling their kids to greasy jews a little less, maybe greasy jews wouldn't be so eager to buy places in morocco