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Rich S's picture
5 years 10 months ago
Rich S - I have been seeing coming five years ago when our GDP improved in 2007. And prices increased quickly between 2008 and 2011. But to people who are counting on fuel and oil, just to let you know that if you look at Brazil which is a bigger country than us after the oil and the improve of their economy , the gap between the rich and poor have increased which due to corruption. Especially in a democratic country like Lebanon with a big time corruption this is what will happen. If we get our oil we will get more jobs but the wages will still be low and not enough to buy houses. Also if you consider our immigration it is in the peak right now and in the long run people who are looking for houses right now will back up and place it for sale, once they have kids in a different country because their kids won't come back which will also increase the supply. Either way we look at it it is a loosing situation in the long run.