[BaatumMania]

(11-16-2018 06:45 PM)Endless Escapes Wrote:  

(11-15-2018 03:46 AM)BaatumMania Wrote:  

Why are you obsessed with this? Do you have $3 million laying around in the bank and you're flipping Canadian crackshacks?

Rooshvers can't afford this kind of stuff. Maybe the 10% of Rooshvers here could afford stuff like Mexico / Central American beach apartments, Thailand 1-bedrooms or even stuff in Batumi where I just spent some time in.

An apartment in the Marriott tower in Batumi

Batumi had a 25% summer vacancy (for aparthotels) in 2017 according to some websites. Most locals told me 2018 wasn't a great year either. Then the city is full of a lot of megaprojects that will finish within 4 years (which will probably add 1,000+ summer rentals).

I am looking at buying an apartment just for myself to live in and then maybe speculate over 20-30 years.

When I look at apartment prices in places like Playa Del Carmen: they're only 100% more than Batumi and yet Playa Del Carmen has tourists year round. Batumi is a ghost town for 8 months of the year.