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There's lots of
iron pyrites in this gold-rush. Here's what they don't tell you! Maybe you don't
mind, well fine, as long as you know.
"beautiful mountain chalet"
= small run-down cottage in isolated, inbred hamlet. Very difficult and
expensive to improve - especially sourcing & transporting materials and
skilled workers. Also extreme weather makes it difficult to maintain. Fewer
& fewer nearby full time residents so little community or security. Small
sloping plots with poor soil. Drainage & sewer problems. Few buses and difficult
or no access in snow. No readily available amenities, facilities or emergency
services. Poor mobile, internet and TV coverage. Winter lasts two months longer
than in the valleys.
"seaside or
ski apartment" = cramped flat or bedsitter
badly built as cheaply as possible from breeze blocks and cement. Priced
at five times what it cost to build. [Reason for their massive advertising
- the agent makes minimum $10,000 commission out of you on each]PLUS the
rip-off service charges [maybe 10 lev to change a light bulb - a gypsy's
wages for a day] PLUS you'll be lucky to even get the taps included.
"guaranteed
income"= farcical promise [subsidised out
of their colossal profits of course] The season only lasts 5 months on
the coast, a ghost town six months of the year. Winter weather from the
Russian Steppes - windchill up to -40 degrees centigrade. Colossal overbuilding
& a shrinking market.
"great investment"=
can only decline in value if unrestricted building continues. They can build
new ones and sell them at a very good profit for less than half of what they
charged you, if they have to. Inadequate infrastructure = later electricity
shortages and maybe sewage in the streets
"capital appreciation"
= They hike up the price of new apartments each year,
but that doesn't mean YOURS will appreciate. There is hardly any market in second
hand apartments. They definitely won't want to try to sell yours again!
"ski/golf year
round rentals"= 2 hour queues at the lifts
and links, 17 miles of runs at Bansko & NO snow last year [compared
to 50 + miles at most western ski resorts. Both 20 years behind. Growing
resistance to the way they're destroying the environment.
"rental potential"=
completely inadequate infrastructure - sewage, electricity, water, roads
overloaded already. Massive future problems. Down-market, declining, dirty,
cheap, cramped, shabby anthills for yobs and east European families within
five years. The agents will have moved on to the new glamorous developments.
Big profits for everyone but you. Lots of nibbles before you'll get a
bite !
"our skilled local
builders"= the local chancer, English or Bulgar,
who'll get gypsies for 10 lev a day to do all the hard work, and a semi-skilled
tradesman on a rock bottom quote for the tricky stuff. Bulgarian standards,
poor finish, shoddy work. No supervision. Everything as cheap and basic as possible.
Then charge you up to ten times what they pay out, after cutting every corner
they can. Plus a kick back for the agent who won't even go near the job. Some
of these lazy cowboys can live for a year on one improvement. Most of them have
no real experience and many jobs need doing again.
"the agent,
only here to help you " we sell all types of property everywhere=
using a runner or acting as middlemen on commission-only and never seeing
the houses. You'll never see THEM once you've bought it. All selling the
same houses at different prices.
"Trust us and you
can't go wrong."
= no profession or qualification, just jumping on the big new
bandwagon called fleecing the Brits.The seller's price is in lev, the agent
doubles the price by changing it to euros, PLUS charging you commission. Like
the so-called "Builders" they can live for a year on one good sale.
THEY can't go wrong.
"Our houses
are the best"
= one house in four doesn't complete, then you've got to start again,
AND try to get the deposit back. The title or the agent may be dodgy or
the peasants decide they want much more money, or another agent has already
sold it. Plus 1 in 10 of the people who send a deposit forfeit it when
they see the house because it's nothing like the description, and go back
home without buying.
Here's a few more euphemisms:
Some delay = disappear when
they've got enough 50% commissions.
Helping you = helping themselves
Full furniture packages =
five times mark up on cheap, nasty flatpack.
Save 400 quid by not buying a limited company
= Penny-wise, pound foolish Brits. You won't own any of the land the apartment
stands on.
The service charges
= a rip-off now, but can be multiplied 20 times when the existing contract
runs out & then they'll repossess and rent to Romanians..
Highly experienced = established
for over six months !
We're your new best friends =
we have attractive, clever young people manipulating you with drink and sexual
chemistry
How clever and lucky you are to come to us
= how clever and lucky they are to make so much money out of you.
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