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.
But also these businesses who accept direct deposit payments are not courteus enough to send an email receipt to the client, so I have to keep chasing them till I get one.o
And so it is with the domestic labour sector too. If you shop the the supermarket outside old fort bay, you woud think you are in Asia, and that all asians wear domestic uniforms.
If the requirements are the same as the banks, then this will not capture the unbanked.
i tried to join one such service, after uploading all documents, a stupid bot said the name on my passport did not match because of a hyphen. Never min the date of birth was the same. I never bothered again.
In reality, anyone with a credit or debit card can do all these digital transactions , likely at a lower cost.
the restaurant owners should have let the sleeping dog lie. but they likely wanted to quiet and sell it.
many have done that while blocking access to beach front.
so , they assessed property tax to people who do not own the property. the thing where tenants of commercial property will be liable to the property tax of their landlord is not new. lol.
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
ohdrap4 says...
there will be no action. they come for the free flights and free meatballs.
On THE BIG QUESTION: What actions would you like to see as a result of this week’s CARICOM meeting?
Posted 16 February 2023, 1:21 p.m. Suggest removal
ohdrap4 says...
your people are in power birdie, do something.
But also these businesses who accept direct deposit payments are not courteus enough to send an email receipt to the client, so I have to keep chasing them till I get one.o
On Digital payments ‘not as robust’ despite 30% rise
Posted 16 February 2023, 12:28 p.m. Suggest removal
ohdrap4 says...
And so it is with the domestic labour sector too. If you shop the the supermarket outside old fort bay, you woud think you are in Asia, and that all asians wear domestic uniforms.
On Construction work permits ‘shifting in wrong direction’
Posted 16 February 2023, 12:25 p.m. Suggest removal
ohdrap4 says...
If the requirements are the same as the banks, then this will not capture the unbanked.
i tried to join one such service, after uploading all documents, a stupid bot said the name on my passport did not match because of a hyphen. Never min the date of birth was the same. I never bothered again.
In reality, anyone with a credit or debit card can do all these digital transactions , likely at a lower cost.
On Digital payments ‘not as robust’ despite 30% rise
Posted 16 February 2023, 12:22 p.m. Suggest removal
ohdrap4 says...
Since you are to listen, please stop flying in your private jet, so I can get to my underemployment in my Nissan note. Thanks.
On John Kerry: US ‘delegation here to listen’
Posted 15 February 2023, 11:27 a.m. Suggest removal
ohdrap4 says...
the restaurant owners should have let the sleeping dog lie. but they likely wanted to quiet and sell it.
many have done that while blocking access to beach front.
so , they assessed property tax to people who do not own the property. the thing where tenants of commercial property will be liable to the property tax of their landlord is not new. lol.
On ‘Land locked’: Cable Beach restaurant help backfires
Posted 13 February 2023, 3:55 p.m. Suggest removal