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Jan 18th, 2019 : Turkey Bubble
The Sarot Group, real estate speculators in Turkey, planned and built 732 villas they wanted to sell to wealthy people from the Gulf area.
But they didn’t sell enough, probably because they're all made out of ticky tacky and they all look just the same. One on a far hilltop might be cool, but 732 in a close together rows. :headshake http://cellar.org/img/turkey1.jpg Quote:
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Looks like Turkey is in for a rough ride. Maybe because... http://cellar.org/img/turkey3.jpg link |
732 identical eyesores. And they had investors. This was the day fools met.
And we haven't heard about the HOA rules yet. I bet ya can't even park your bucket truck in the driveway. |
How they should have done it:
My uncle lived in a luxury "concept" neighborhood that had "themed" houses. There was the "Mediterranean Villa," the "German Cottage," etc.-- about half a dozen "types" of houses. In addition, the houses of each "type" weren't identical in floor plan-- although they did use the same materials and techniques (cost saving). This was the best way to build cheap, easy "fantasy houses" BUT you could drive around the neighborhood and you might never see a "same looking" house on the same street.
Also, all the houses weren't RIGHT NEXT TO EACH OTHER. |
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I understand my frame of reference is much different, but I don't see how they can call this luxury. The plans I found show a single two-bedroom, one-bath unit on the first two floors, with a one/one on the third. Compared to the bedrooms, the living spaces are next to non-existent and the bathrooms are bigger than the kitchens. Yikes!
http://burjalbabas.com/assets/images/katplani.pdf |
Wow, so the "tower" is actually a staircase to three individual apartments!
They needed to find 1296 people/families who wanted to live in a neighborhood that looked like that, not just 732. |
Yeah. These were never meant to be lived in. They were simply a place for Saudis to invest their money.
"Why yes, I have a villa in the European mountains." I bet all the ones that were purchased were purchased sight unseen, or simply by viewing the several photos of the one model home. http://burjalbabas.com/ |
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At least in Edward Scissorhand's neighborhood they were painted different colors. :rolleyes:
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I finally figured what the OP pic reminded me of.
♪ ♫Welcome to the dollhouse[s]♪ ♫ |
No driveways; my neighborhood was more densely packed than that. Nobody has garages in front, though some gave up significant amounts of their back yards to garages.
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