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Is Louie Laveist exercising Good Judgement?
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Total votes: 13
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Property rights.
Hady Nufyet | Tue, 2007-03-06 12:03
The problem is, that St. Maartener's are being priced out of the housing market. Social homes are all well and good, but they are not an alternative to having a good fairly paid job and being able to buy your own home in your own country.
What can and should be done is taxes, on non resident and foriegn real estate ownership, this would slow and cool down the market. I don't know if you follow the US economic news, but their housing and mortgage markets are in trouble right now. I wouldn't be surprised if many of the projects here on the island currently planned get shelved for a while as a result.
A unregulated market is just as open for corruption as one that is highly regulated, the balance is in the middle. And of course, having a govt that is transparent.
Hady
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