RE: Spotting Dodgy Real Estate in Thailand: My Take on a Sketchy Development

No breathing room at all. Each house swallows up the entire plot; forget about a little garden or backyard. The beach? Miles away. And right next door is this massive, noisy main street that turns into a parking lot during rush hour.

I see so many places like that appearing in Yerevan. Even outside of it. Places that make absolutely no sense. Where they'll throw up a MASSIVE apartment building in an area that is barely a village, where there are constant water and power outages. There's zero thought put into it all. Zero care. But they do it because they know the housing market is so fucked and money will inevitably find its way into these cheaply built buildings sooner or later.

In some instances they even build and sell the apartments before the building is even done. So it's common for buildings to never get finished as they run off with the funds and the project collapses. Some are incredibly ugly. Some are built so poorly they're crumbling before they're finished. I see it a lot as I walk around. But the location is never considered. A long-term home is never the goal. It's just for quick money to get exchanged.