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Old 17-01-2008, 08:25 PM
camel with three humps camel with three humps is offline
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Join Date: Aug 2007
Posts: 167
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Investy:
I agree with you to a certain point as to when the property finishes. I feel that you are missing two very fundamental points.

1) The deposit that you have paid 30% to 40%. whilst you waiting completion has an opportunity cost.

2) There are people who bought for retirement, so any delay means that the period which was intended i.e. retirement would be reduced.

3) They may have organised there life in a manner which tied up with the
completion date and can hace contractual ramiifications.

4) The sooner they complete the less chances of getting caught with new taxes etc. A good example is the recent increase in VAT, designed to milk non Moroccans .
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