BY SANDRA CHOUTHI
A higher proportion of people own homes in T&T than in the US, the UK and Hong Kong.
“In most developed economies, individual home ownership ratios are high, ranging from 60 per cent in Hong Kong, to 65 per cent in the UK and the US, and 84 per cent in Singapore. In T&T, it is a solid 76 per cent,” said Christine Sahadeo, Minister in the Ministry of Finance.
Sahadeo said increasing real estate values have rendered the market value of properties above the ceiling of many potential homeowners.
She said the government has, through its agencies, agreed to finance 100 per cent of the purchase of properties in government developments.
“Further, in recognition of the implicit equity afforded the new homeowner, $15,000 has been added to the mortgage amount to provide for the purchase of basic appliances,” she said.
Of the new two per cent financing programme that gives low-income homeowners a subsidy to allow acquisition within a short time, Sahadeo said more than 2,000 applicants have already accessed this facility.
It must be fuckin higher. When this racist PNM fuckers decide to take ole niggas from Laventille and Morvant under the guise of breaking down their homes and put dem in the marginal constituencies to win fuckin election. What else you expect ?
Go check any fuckin list and tell meh how much Indian apply for houses and how much get?
You ha to get a letter from a minister and dem fuckers making sure you is PNM before you could see the outside of one of dem homes. Dem houses for ole niggers who cyah pay rent of $10.00 far less for a mortgage.
Who d fuck dey think dey fooling?