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ups i guess i'm wrong - it was in 2001 $75k now it's

 

VAHAKNI HOMES PRICE LIST

(as of July 2004)

 

 

Model Name

Living Space

Sq. m. /sq. ft. Basement Sq. m. /sq. ft.

Garage

Sq. m. /sq. ft. Total price

 

VAN $ 160,000

TALEEN $ 175,000

ANI $ 195,000

ARTSAKH $ 210,000

DILIJAN $ 229,000

ARARAT $ 245,000

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Movses jan, hla arajin nkari kanants nayi... :)

 

Et "Vahagni" taghamase lavn a bayc Ashtaraki mayrughu vraya gntvum, pashtpanutyun nakhararurutyunic mi qich depi qaghaq. Inqe taghamase lavn e, bayc shrjapate bavakanin tgegh e. 16 taghamasi en tgegh shenqeri zangvatsn e koghqe, isk myus koghmeric amayi taratsutyunner. Ayspes asats chol srjapat e. Erevi petq ekoghqe mi tetev kargavoren...

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ups  i guess i'm  wrong -  it  was in 2001  $75k  now  it's

 

VAHAKNI HOMES PRICE LIST

(as of July 2004)

 

 

Model Name

Living Space

Sq. m. /sq. ft.  Basement         Sq. m. /sq. ft.

Garage

Sq. m. /sq. ft. Total price

 

VAN $ 160,000

TALEEN $ 175,000

ANI  $ 195,000

ARTSAKH  $ 210,000

DILIJAN  $ 229,000

ARARAT  $ 245,000

style_images/master/snapback.png

 

Thia is not only obscene it is also dangerously criminal.

Remember the days when one could buy the best apsrtment in Yerevan for few thousand dollars?

 

Who is buying these buildings?

The average yervanite whose monthly income is USD 20?

ASRARAT @ $245,000? How much is that in AM Drams? That would be overpriced even in the suburbs of LA. What is the mark-up? Considering the cheaper labor and material costs?

 

1,125,000?

 

That is one million one hundred twenty five thousand AMD.

Who has that kind of money?

What is the plot sizes?

In America we measure them by acres. The smallest suburban land plot is 1/4 acre.

The Hovnanians, the neo-nakharars or the better placed clergy?

 

As if the natives needed more reason for frustration and a another desire to emigrate!!!

 

Edit:

No,no. My bad.

Add two more zeroes to the fugure above... $125,500,000 One hundred twenty five million five hundred thousand AMD!! Unbelievble! Can't even count that high.

Edited by Arpa
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Obviously they are targeting elderly ex-pats, mostly American-Armenians. Hardly any of the locals can afford buying such house. I think Hovnananian will do better if they develop modern apartment complexes. They would be much more affordable and combined with appropriate infrastructure might really get some young people interested. Plus, such complexes would be a good investment since young people from East and West can meet there! :)

I'm only concerned that climatic conditions in Armenia are not very suitable for American style residential areas. American construction is cheap and whit high rate of depreciation.

 

Anyway, just don't put any carpets inside! Only parquet and tiles! :)

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Obviously they are targeting elderly ex-pats, mostly American-Armenians. Hardly any of the locals can afford buying such house. I think Hovnananian will do better if they deve

 

 

Anyway, just don't put any carpets inside! Only parquet and tiles! :)

style_images/master/snapback.png

 

Obviously!

But can't you see the contradiction?

The average "elderly expat" could probably just about afford to buy one of those. Considering the age, they will not be eligible for a long term mortgage. It will have to be cash in full. Then, what does one do for maintenance and incidental expenses, tax etc.?

How does an "elderly ex-pat" maintain the upkeep, both indoors and outrdoors? Hire grounds keepers and house keepers, not to forget the armed body guards to protect them and their property from the frustrated natives?

Considering that these are suburban, how does an "elderly ex-pat" commute to the grocery store and other places?

 

Gams, you hit it! Condos and apartment complexes with more modern amenities would be more like it. Besides it may be a community of people of similar culture with nardi contests and what not. How many "elderly ex-pat" would have poolside cocktail parties?

 

In conclusion, I think the project will flop. Hopefully peacefully before it creates a rebellion. Just imagine the poor Yerevanite or a Aparantsi whose main worry is where the next loaf of bread is coming from riding the bus passing those "aparanqs/palaces"!!!

 

How many Mercedes's and BMWs must one have in their garage?

 

How insensitive can we be!!

 

How can a native afford these? By selling two more paper cones of sunflower seeds?

 

C'mon Kids! Let us first lift ourselves by the bootsraps! That is, those who have boots/koshik in the first place!

 

I cannot still forget my heart sinking when I surveyed the crumbling tin roofed living quarters of the natives as viewed past the official government buildings at the Hanrapetutyun Hraparak and the view from Hotel Armenia/Mariott. You think fixing those would be a priority?

Did you know that the natives are not allwed inside Hotel Armenia unless they have an official business or are the guests of an hotel guest/diasporan with dollars?

 

Do we want a class war?

Why not?

Our histoey is rift with class wars, be it between the nakharars and the people and between the clergy and the people. Read Armenian history again.

Edited by Arpa
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What struck me was how ugly all the houses were. There is not a single redeeming (or even Armenian) feature in any them. Which might be appropriate because probably you could say the same about their eventual owners.

Once again, proof that wealth does not buy taste and sometimes even excludes it.

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Basically those are (low and middle) middle class houses anywhere in US. And I agree they are not pretty, but that's what people buy in US. They simply have no choice except the ultra rich who really can afford something decent. But that is not the point. The point is to develop something that will have positive social and communial impact along with turning it into profitable business. Such mentality is simply absent.
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What struck me was how ugly all the houses were. There is not a single redeeming (or even Armenian) feature in any them. Which might be appropriate because probably you could say the same about their eventual owners.

Once again, proof that wealth does not buy taste and sometimes even excludes it.

style_images/master/snapback.png

 

In case you missed it.

That is a suburb of our latest Mayraqaghaq Glendale.

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What are you talking about, they are obviously putting a investment into Armenia. What rebellion will happen from frustrated Natives? Have you been to Armenia?

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Yes I have been to Armenia several times and I am speaking of an eyewitness experience. And as a grown man I have never cried so much as I have there.

Edited by Arpa
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What struck me was how ugly all the houses were.

style_images/master/snapback.png

 

On the positive side..

Perhaps now they will learn to use more eathquake resistent lumber and other framing components rather than ten ton concrete(?) slabs snd the fabled tufa that was the major cause of the disproportionate casualties during the Earthquake of 1988.

 

Lumber??

 

This may be another incentive to cultivate and preserve the disappearing forests as well. Armenia proper is a virtual desert, and is more desertified by the day. Artsakh is still lush and green with more potential lumber enough not only for herself, Armenia and even for export. That is, if properly managed.

 

Do you know that Artsakh proper is twice the size of Rhode Island?

Edited by Arpa
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Arpa, the number of the casualties was not due to construction material, but sheer neglect and disregart of construction codes and rules, plus some "traditional" savings. The buildings build during Hruschov and Czarist era were almost intact, while those built during Brejnev and Andropov collapsed.

 

Lumber is good for Americans and Canadians. For Armenians the best would be bricks and stone. Just like in Greece and almost everywhere in Europe.

 

One thing that also annyoed me was the American style windows of those new houses. As if you are in a cage. If not anything else the old Soviet style buildings have large almost French style windows.

Edited by gamavor
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ups  i guess i'm  wrong -  it  was in 2001  $75k  now  it's

 

VAHAKNI HOMES PRICE LIST

(as of July 2004)

 

 

Model Name

Living Space

Sq. m. /sq. ft.  Basement        Sq. m. /sq. ft.

Garage

Sq. m. /sq. ft. Total price

 

VAN $ 160,000

TALEEN $ 175,000

ANI  $ 195,000

ARTSAKH  $ 210,000

DILIJAN  $ 229,000

ARARAT  $ 245,000

style_images/master/snapback.png

I'm not sure if you guys are aware of what real estate prices are right now, but it is almost impossible to find ANY new apartment for less than $1,000/sq. meter. A 3-bedroom apartment will usually be 100+++ sq. meters. So that is $100,000. I have seen apartments here, pathetic apartments in old 9 storey buildings that are rotted and need at least $30,000+ spent on renovations, selling for more than $100,000. Northern Avenue apartments (yes I understand is prime in the city) cost between $1,500-$2,500/sq. meter and this does not include washroom sinks, toilets, baths, or kitchen counters and appliances. If I'm not mistaken these apartments are no less than about 150/sq. meters each = $225,000+++, with no washroom or kitchen.

 

Personally I don't like the Vahakni homes. I think they could have picked a better location, and "more Armenian" designs. In any case these are blueprints of homes he has built in the US so obviously no money is really being spent on new designs. People who live in this community are people who have successful businesses in the country, and I've heard the US embassy has ordered a dozen or more houses for their employees.

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I'm not sure if you guys are aware of what real estate prices are right now, but it is almost impossible to find ANY new apartment for less than $1,000/sq. meter. A 3-bedroom apartment will usually be 100+++ sq. meters. So that is $100,000. I have seen apartments here, pathetic apartments in old 9 storey buildings that are rotted and need at least $30,000+ spent on renovations, selling for more than $100,000. Northern Avenue apartments (yes I understand is prime in the city) cost between $1,500-$2,500/sq. meter and this does not include washroom sinks, toilets, baths, or kitchen counters and appliances. If I'm not mistaken these apartments are no less than about 150/sq. meters each = $225,000+++, with no washroom or kitchen.

 

Personally I don't like the Vahakni homes. I think they could have picked a better location, and "more Armenian" designs. In any case these are blueprints of homes he has built in the US so obviously no money is really being spent on new designs. People who live in this community are people who have successful businesses in the country, and I've heard the US embassy has ordered a dozen or more houses for their employees.

style_images/master/snapback.png

 

you can find many apartments in Yerevan / Arsh / Butanya / Erebuni Masiv / Andranikavan / starting at $7.000

 

but the best way to get hold of a proporty in "Generalsky Raij" cost $12,000 up to 20k and buld yrou owne, total cost of $50k to $65k you can have your self a nice House.

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the houses are really ugly i should say, but one thing positive i think, is that there will be some jobs crated for the locals.

i think it was crated in this area with that in mind, to give a little economic boost to that part of the city

style_images/master/snapback.png

 

 

Can someone tell me what a traditional Armenian house is? What’s wrong with diversity? So what they resemble much like southern California houses, is that so bad? And you walk in Yerevan streets does any of the cafés remind you Armenian heritage, the country is in transformation from every angle you look at it, progressive is not necessary a bad thing. Sitting here in Diaspora we can cretisize and have our own hypocritical opinions, that does not matter for the worker who is paid to build those houses, I like them as long as those houses contain Armenian tradition and soul within there walls.

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