Costs go up eliminating numbers of persons from the parti cular bracket that would have qualifoed for one of the much touted Housing for Bahamians. As a consumer tax banks will certoinly look at even though persons qualify to repay loan at debt service ratio of 45% , there are the costs of surviving paying bills, etc that has to be factored in and even with indemnity insurance these loans will be marginal at best and facing high % of defaults.
Something is not right with the prior weeks the govt much touted Housing progran to bring affordable housing and then the secret budget negates benefits.
Not only is this a concern but inevitably rents will go up, more homeowners will struggle with house maintenance and living costs, mortgagors on the brink will falter , condo fees will go up, landscapers will charge more, architects,......comprehensove and hoise insurance as replacement costs...Appraosers need to make more...etcetc.....
Great concern is for struggling islands where many live on the margins paying mortgages helpjng out family and friends, livong in cars and on the beach...already devastated mortgage housing market....also affects businesses where homes are used as collateral....etc
Strong measures were used by Lee Kwan Yew that eventually someday Bahamians will be so fed up thhat they will vote for such a strongman/stongwoman Natural evolution....
But last elections Bahamians saw the need for strong measures to do better its the peoples time and voted Historically to elect the then Opposition with Historic 35 to 4 to clean tings up for better lives and even the PM lost his seat.
Bahamians voted for many Candidates with strong business accumin ...persons who know what to do with employyees who mismanage the budiness......eliminate wastage...fairness...
Present government accusing previous government of 'mismanaging' $2.500,000,000.00 that is $2.5 billion dollars.
isn't anyone going to be held responsible across dozens of govt ministries, govt departments, agencies, bpl, bahamasair, bank of the bahamas, development bank.......or are we to just accept incompetance, slackness, mismanagement ....to the tune of $2.5 Billion dollars ...and now accept more vat taxes...for the 'incompetance'...and play as though nothing happened......this does not make sense...
where was mr winder when the majority of the bahamian voters thousamds and thousands majority voted no !!!! to gambling referemdum and the 25 mps in parliament went against the constitutionally held democratic vote saying no!!!!!!!!!!!!!!!!
did he say unfair back then ?????
Das da problem wid all dese accountants and politicians mout can say anyting.
If the web shops dont get their way former financial CFATF advises Roc wid Doc of money laundering activities if dey go 'underground'
There is no place in the Bahamas that could be considered 'underground'.....expert might be expert in finamce but he aint know that Roc wid Doc been to he University of Wulff rd ehere every jook jook corner is known an aint nobody goin underground .....everyting is known including all who sweetheartin who....right down to the childe pa is....without DNA test...tek dat financial expert fer not knowing yer backyard, short cut, track road, every guinep, mango, dilly, juju tree an when it bearing ....sides every general know who yer family is and how many votes in every house in every neighbourhood.
Simple common sense steps can also go a long way in possibly detering some of criminal activities.......simple for policeman to put road block outside station and charge motorists for ....heavily tinted glass on vehicles.....keep traffic flowing letting the lawabiders straight through.
The Bahamian system of government needs to be reviewed because here we have a former Shadow Finance Minister in the very same Bahamian Parliamentary Chambers......accusing the former Government of mismanaging some whopping $2.5 Billion dollars in Vat tax revenue.
Someting is not right that the Bahamian people must wait .....until the Opposition side of Govt is elected before corrections can be made....same can be said for the present Opposition and after the ship has sunk or the patient is out of the wheelchair and in the morgue.
No Bahamian govt should be allowed to govern unchecked for years and years an years ...and in this case accused of mismanaging some $2.5 Billion dollars.....critical life saving blood.....and much worse noone is held accountable.....for excessive wastages in engineering projects,. Seawalls, clinics, repeated repairs to schools, roads, ....contracts,.....other areas etc...and shortgages of money to repay debts,...repair, purchase and invest what is vital.
And the final blow to correct this ...must find it necessary to now get blood out of a suffering people.
bogart says...
Good mathematical point.
Costs go up eliminating numbers of persons from the parti cular bracket that would have qualifoed for one of the much touted Housing for Bahamians. As a consumer tax banks will certoinly look at even though persons qualify to repay loan at debt service ratio of 45% , there are the costs of surviving paying bills, etc that has to be factored in and even with indemnity insurance these loans will be marginal at best and facing high % of defaults.
Something is not right with the prior weeks the govt much touted Housing progran to bring affordable housing and then the secret budget negates benefits.
Not only is this a concern but inevitably rents will go up, more homeowners will struggle with house maintenance and living costs, mortgagors on the brink will falter , condo fees will go up, landscapers will charge more, architects,......comprehensove and hoise insurance as replacement costs...Appraosers need to make more...etcetc.....
Great concern is for struggling islands where many live on the margins paying mortgages helpjng out family and friends, livong in cars and on the beach...already devastated mortgage housing market....also affects businesses where homes are used as collateral....etc
On 'Huge' home price out from vat restructuring
Posted 12 June 2018, 2:34 p.m. Suggest removal
bogart says...
....yes we have heard....the ...zero tolerance on crime.....swift justice....protection for witnesses....tougher penalties fot illegal firearms...
.....so the 'no reason to feel unsafe'.fits right in there and brings much relief ..
On Dames: ‘No reason to feel unsafe’
Posted 12 June 2018, 10:44 a.m. Suggest removal
bogart says...
....its a bigger picture that involves Tourist warnings, investors, expats ....more expenses to do business, razor wire, cameras, secuurity ....
On Dames: ‘No reason to feel unsafe’
Posted 12 June 2018, 10:28 a.m. Suggest removal
bogart says...
Strong measures were used by Lee Kwan Yew that eventually someday Bahamians will be so fed up thhat they will vote for such a strongman/stongwoman Natural evolution....
But last elections Bahamians saw the need for strong measures to do better its the peoples time and voted Historically to elect the then Opposition with Historic 35 to 4 to clean tings up for better lives and even the PM lost his seat.
Bahamians voted for many Candidates with strong business accumin ...persons who know what to do with employyees who mismanage the budiness......eliminate wastage...fairness...
On $2.5bn in VAT income – yet debt went up
Posted 12 June 2018, 10:09 a.m. Suggest removal
bogart says...
Present government accusing previous government of 'mismanaging' $2.500,000,000.00 that is $2.5 billion dollars.
isn't anyone going to be held responsible across dozens of govt ministries, govt departments, agencies, bpl, bahamasair, bank of the bahamas, development bank.......or are we to just accept incompetance, slackness, mismanagement ....to the tune of $2.5 Billion dollars ...and now accept more vat taxes...for the 'incompetance'...and play as though nothing happened......this does not make sense...
On $2.5bn in VAT income – yet debt went up
Posted 12 June 2018, 8:17 a.m. Suggest removal
bogart says...
UNFAIR...to Mr Winder ???..
where was mr winder when the majority of the bahamian voters thousamds and thousands majority voted no !!!! to gambling referemdum and the 25 mps in parliament went against the constitutionally held democratic vote saying no!!!!!!!!!!!!!!!!
did he say unfair back then ?????
Das da problem wid all dese accountants and politicians mout can say anyting.
On 'Unfair' to tax web shops into losses
Posted 11 June 2018, 4:51 p.m. Suggest removal
bogart says...
...a number of religions use cannabis. Then again who are we to judge.?
On $2.5bn in VAT income – yet debt went up
Posted 11 June 2018, 4:30 p.m. Suggest removal
bogart says...
If the web shops dont get their way former financial CFATF advises Roc wid Doc of money laundering activities if dey go 'underground'
There is no place in the Bahamas that could be considered 'underground'.....expert might be expert in finamce but he aint know that Roc wid Doc been to he University of Wulff rd ehere every jook jook corner is known an aint nobody goin underground .....everyting is known including all who sweetheartin who....right down to the childe pa is....without DNA test...tek dat financial expert fer not knowing yer backyard, short cut, track road, every guinep, mango, dilly, juju tree an when it bearing ....sides every general know who yer family is and how many votes in every house in every neighbourhood.
On 'Sanctions threat' from web shop taxation hike
Posted 11 June 2018, 2:21 p.m. Suggest removal
bogart says...
Simple common sense steps can also go a long way in possibly detering some of criminal activities.......simple for policeman to put road block outside station and charge motorists for ....heavily tinted glass on vehicles.....keep traffic flowing letting the lawabiders straight through.
On Two dead after shooting inside barbershop
Posted 11 June 2018, 11:21 a.m. Suggest removal
bogart says...
The Bahamian system of government needs to be reviewed because here we have a former Shadow Finance Minister in the very same Bahamian Parliamentary Chambers......accusing the former Government of mismanaging some whopping $2.5 Billion dollars in Vat tax revenue.
Someting is not right that the Bahamian people must wait .....until the Opposition side of Govt is elected before corrections can be made....same can be said for the present Opposition and after the ship has sunk or the patient is out of the wheelchair and in the morgue.
No Bahamian govt should be allowed to govern unchecked for years and years an years ...and in this case accused of mismanaging some $2.5 Billion dollars.....critical life saving blood.....and much worse noone is held accountable.....for excessive wastages in engineering projects,. Seawalls, clinics, repeated repairs to schools, roads, ....contracts,.....other areas etc...and shortgages of money to repay debts,...repair, purchase and invest what is vital.
And the final blow to correct this ...must find it necessary to now get blood out of a suffering people.
On $2.5bn in VAT income – yet debt went up
Posted 11 June 2018, 11:05 a.m. Suggest removal