I commented previously without reading the whole article. The income tax was a red herring.
> “We cannot shy away from the fact that the cost of insurance is a part of the cost of home ownership
There we go again, they tlked about before making hurricane insurance mandatory. It is really not affordable man. Plus, let's not forget the bamsi fire that had no insurance.
> and we have to think about in the future how do we right size the homes that we construct and occupy
In Germany, they are preparing laws to allow govt to repossess homes if they are not insulated to current standards in a couple of years. I suppose they will fill the respossed homes with illegal migrants.
Years ago I paid BTC 3 months in advance since I was going to travel . They then cut me off "by mistake". Because the idiots do not understand that a minus is a credit balance .
Then they brought me "fiber to the home." It only worked for a week and they take 2 weeks to come and fix it.
I got their modem, sat in the office for several hours while their computer system was down. Took a picture of the guy holding my modem .
The problem is then just recycled. There was a company that did that a few years from the time of PGC, to refinance for the owners. I have noticed that the properties are distressed again and repossession notices from this compmany appear occasionaly in the news paper again.
A mortgage is given on the current financial situation of the borrower, who often is too optimistic and takes the maximum amount he can borrow. The things can change with loss of jobs, divorce, illness and there goes the mortgage.
I also do not think the banks do a good enough job of explaining the addtional costs to the mortgage such as insurance, property tax and HOA fees. If they did, the borrowers might forgo new appliances and furtinutre added to the mortage and take the hand me down from their families till they get a little cushion.
there must be a lot of people suffering out there now that the credit bureau prevents them from borrowing 3 or 4 times what their salary can deduct and alternating the payments, even if at a stiff penalty.
Open the door to free movement of labour(no permit) , no visas, maybe even common passport. Yup. All to make it easier for merchants to open shops down south.
ohdrap4 says...
Hatchet bay 2.0.
On Eggs ‘another cash cow Gov’t can milk’
Posted 1 March 2023, 8:36 p.m. Suggest removal
ohdrap4 says...
> IT IS not our intention to do a Village Road,”
Famous last words. 😂😂😂😂
On Stakeholders express concerns at meeting on $30m Gladstone Road improvement project
Posted 1 March 2023, 8:35 p.m. Suggest removal
ohdrap4 says...
I commented previously without reading the whole article. The income tax was a red herring.
> “We cannot shy away from the fact that the cost of insurance is a part of the cost of home ownership
There we go again, they tlked about before making hurricane insurance mandatory. It is really not affordable man. Plus, let's not forget the bamsi fire that had no insurance.
> and we have to think about in the future how do we right size the homes that we construct and occupy
In Germany, they are preparing laws to allow govt to repossess homes if they are not insulated to current standards in a couple of years. I suppose they will fill the respossed homes with illegal migrants.
This is downright scary.
On Governor: Income tax allows better targeting
Posted 27 February 2023, 4:39 p.m. Suggest removal
ohdrap4 says...
Not to worry. the doctors and lawyers mps do not even make their financial disclosure. they will not tax themselves.
I fear tho, they are going after the little people with a payroll tax. Lawyers are not on payroll. Ridiculous.
On Governor: Income tax allows better targeting
Posted 27 February 2023, 12:52 p.m. Suggest removal
ohdrap4 says...
BTW, my neighbour who is a top cat at BTC, has her internet with cable Bahamas. LOL. LOL.
On Troubles at BTC accounts
Posted 26 February 2023, 12:22 p.m. Suggest removal
ohdrap4 says...
Years ago I paid BTC 3 months in advance since I was going to travel . They then cut me off "by mistake". Because the idiots do not understand that a minus is a credit balance .
Then they brought me "fiber to the home." It only worked for a week and they take 2 weeks to come and fix it.
I got their modem, sat in the office for several hours while their computer system was down. Took a picture of the guy holding my modem .
And let go of their landline.
Idiots .
On Troubles at BTC accounts
Posted 26 February 2023, 12:20 p.m. Suggest removal
ohdrap4 says...
The problem is then just recycled. There was a company that did that a few years from the time of PGC, to refinance for the owners. I have noticed that the properties are distressed again and repossession notices from this compmany appear occasionaly in the news paper again.
A mortgage is given on the current financial situation of the borrower, who often is too optimistic and takes the maximum amount he can borrow. The things can change with loss of jobs, divorce, illness and there goes the mortgage.
I also do not think the banks do a good enough job of explaining the addtional costs to the mortgage such as insurance, property tax and HOA fees. If they did, the borrowers might forgo new appliances and furtinutre added to the mortage and take the hand me down from their families till they get a little cushion.
there must be a lot of people suffering out there now that the credit bureau prevents them from borrowing 3 or 4 times what their salary can deduct and alternating the payments, even if at a stiff penalty.
On EDITORIAL: A clever solution to a long-time problem
Posted 23 February 2023, 10:53 a.m. Suggest removal
ohdrap4 says...
they could kill a law abiding driver on the highway too.
occasionaly tho, the tourists do die by crashing into lamp poles in the town, or like in the case above.
while traveliing to southeast asia, I would not rent a tuk tuk and go around driving myself.
On Florida tourist dies in traffic accident
Posted 20 February 2023, 9:29 a.m. Suggest removal
ohdrap4 says...
Sounds so nice and progressive.
Open the door to free movement of labour(no permit) , no visas, maybe even common passport. Yup. All to make it easier for merchants to open shops down south.
On Digital provider calls for Bahamas CSME sign-on
Posted 18 February 2023, 8:09 a.m. Suggest removal
ohdrap4 says...
> “no one wants to pay an additional 36 percent on their medical insurance” from April 1
I thought vat was 10%, which was being paid all along.
The only additional thing woud be the 10% on services which was not being charged.
Who is collecting the other 26% rise in premium. The insurer? Glad I am out of it.
On Insurer: New VAT policy will increase costs
Posted 17 February 2023, 9:36 a.m. Suggest removal