veredlevine
New member
I am in a predicament. I have the chance to buy a small holiday home in Egypt and I just can't make up my mind whether or not to do it. I got the idea when I found myself longing for a retreat in a foreign country to which, after I had paid for the property, I could go to with nothing further to pay for than the air fare. Property in Egypt is relatively cheap. I have been there and like the country. Until I retire in a few years I could spend a couple of weeks there every year, and perhaps longer. I don't intend to live in Egypt permanently because my family and friends are here, but quite often I get so stir crazy I just have to take off to another country, and trips abroad become very expensive.
I discovered via the web a few property sellers in Egypt who assure me that almost certainly any home that I buy will increase in value and that I would have no problem finding tenants. (I have had bad experience with renting out property in my own country and was very wary of getting involved in something like this again, but these sellers in Egypt also manage the property, for a fee, and say that they will look for tenants on my behalf.)
I just can't make up my mind what to do. When I decide to forget the whole idea and stay within my comfort zone I feel that I might be missing out on a wonderful opportunity. When I decide to buy, I think I am being a fool.
One reads how important it is to follow one's dream, but I can't say that to live in Egypt is a dream of mine. I am too practical by nature to be guided by dreams anyway. I certainly like adventure, but not at a physical or financial risk. Again, my intention regarding Egypt is to have an affordable retreat that hopefully will prove reasonably lucrative.
I have tried writing down the pros and cons of such a move, but this doesn't work. Any list is clouded by wishful thinking and perhaps irrational fears. I have tried asking other people, but they either cannot be objective (for example, they see life in a Muslim country as fraught with danger, no matter what) or they don't want to be held responsible for such a big decision.
I am driving myself nuts going over this again and again in my mind. It is making me so anxious.
Has anyone else been in such a situation? If so, how have you handled it?
Any input would be greatly appreciated. Thanks.
I discovered via the web a few property sellers in Egypt who assure me that almost certainly any home that I buy will increase in value and that I would have no problem finding tenants. (I have had bad experience with renting out property in my own country and was very wary of getting involved in something like this again, but these sellers in Egypt also manage the property, for a fee, and say that they will look for tenants on my behalf.)
I just can't make up my mind what to do. When I decide to forget the whole idea and stay within my comfort zone I feel that I might be missing out on a wonderful opportunity. When I decide to buy, I think I am being a fool.
One reads how important it is to follow one's dream, but I can't say that to live in Egypt is a dream of mine. I am too practical by nature to be guided by dreams anyway. I certainly like adventure, but not at a physical or financial risk. Again, my intention regarding Egypt is to have an affordable retreat that hopefully will prove reasonably lucrative.
I have tried writing down the pros and cons of such a move, but this doesn't work. Any list is clouded by wishful thinking and perhaps irrational fears. I have tried asking other people, but they either cannot be objective (for example, they see life in a Muslim country as fraught with danger, no matter what) or they don't want to be held responsible for such a big decision.
I am driving myself nuts going over this again and again in my mind. It is making me so anxious.
Has anyone else been in such a situation? If so, how have you handled it?
Any input would be greatly appreciated. Thanks.