I am not sure why but i feel i have to explain to all those who accuse us of being greedy and stupid as to why we bought an apartment in the first place.
I have started my own business here in Qatar, and intend being here for the next 5 to 10 years. We bought our apartment, not as a quick flip speculation, but as a home that we intend to live in. Putting between 15000 to 200000 riyals every month into someone else's property doesnt make sound financial sense either.
So there you have it. Longterm outlooks are not bad with regards to equity and whatever i put into my mortgage i get back when i sell as apposed to renting.
But, QAR 150,000.00 connection fee is not something i am ever going to see again. And with regards to other "service" charges still to come....well that is of much concern.Interesting, it is always wrong to panic, in any situation, though the urge has almost overcome me...we simply need to stand together on this one and if we do not rollover right off the bat, the will think twice about going after us again in the future.
Hotand sticky, you are absolutely right and that is most certainly the next course of action and is in fact in progress.
Lastly, i appreciate everyones comments on here, the more people involved the better.
I am not sure why but i feel i have to explain to all those who accuse us of being greedy and stupid as to why we bought an apartment in the first place.
I have started my own business here in Qatar, and intend being here for the next 5 to 10 years. We bought our apartment, not as a quick flip speculation, but as a home that we intend to live in. Putting between 15000 to 200000 riyals every month into someone else's property doesnt make sound financial sense either.
So there you have it. Longterm outlooks are not bad with regards to equity and whatever i put into my mortgage i get back when i sell as apposed to renting.
But, QAR 150,000.00 connection fee is not something i am ever going to see again. And with regards to other "service" charges still to come....well that is of much concern.Interesting, it is always wrong to panic, in any situation, though the urge has almost overcome me...we simply need to stand together on this one and if we do not rollover right off the bat, the will think twice about going after us again in the future.
Hotand sticky, you are absolutely right and that is most certainly the next course of action and is in fact in progress.
Lastly, i appreciate everyones comments on here, the more people involved the better.