He repeated several times in this story, his objective is to secure free housing for people. At someone else's expense, of course. I have always sacrificed to keep a roof over my head. Last time i lived rent or mortgage-free, I was 18 and my father was paying the bills.
> The use of the ambulance is in direct > contravention of the rules regarding > the dispatching and use of emergency > vehicles which should be dispatched > solely for the purpose of medical > transport,” the statement said.
Oy, then they should stop dispatching ambulances to buy KFC for lunch!!! lol
What a stupid idea, you are dead on arrival for your prom?
> To overcome borrowers’ loan > qualification challenges, the Minister > said a portion of the $100 million > raised from the Bahamas Mortgage > Corporation’s planned bond issue would > be employed to start a ‘rent-to-own’ > initiative
They better come up with a new law, otherwise this will turn into another urban renewal. "Rent=to Own' usually means higher rent payments and some lumpsum payments to make up a 'downpayment'.
Now, here is wha i see people do:
-- A fancy fella i know had accumulated some funds towards the down payment, then did not meet the lump sums. He then asked the owner for credits of the amounts he paid towards equity, and lived those off till he moved out. The reason? The property was not water front. He lived there for three years and never noticed there was no water front.
-- A new set of people move into the same home with another rent-to-own agreement. At the end of the years they had a 5,000 lumpsum payment which they did not meet. Why? because they went to Disneyworld.
Many fianncial difficulties of bahamians arise because they cannot save, buy what they cannot afford.
You cannot make ants out of grasshoppers.
As it is now, lots of people stop paying their mortgages and get 3-4 years rent free to live and do not get evicted. If the GOVT starts renting homes, they will live rent-free for a lifetime.
> He explained that these factors > included outstanding liens and > judgments against the mortgage > applicant, plus the fact some already > had existing home loans.
Well, if someone has outstanding liens and judgements, why should they qualify for more loans. Bankers, unlike pastors, are not in the business of forgiveness.
But all will be well, upcoming credit bureau will not be retroactive and will wash away all sins.
> ......... and what will he have to > brag about public education in The > Bahamas??????? ..
That they have perfected the art of engaging a majority of foreign teachers from poorer countries of the caribbean (who will work for peanuts) so they don't have to pay them any retirement? these folks also will accept those classes with 40+ students.
Avon closed its doors because of ease in shipping from Amazon and Walmart.
So the business models have to change. I remember years ago when a local bookstore started offering books at US Cover price to remain competitive with Amazon.
They stayed competitive for quite a while, until the used book online sellers became more widespread. One can get used books for 1 cent, and pay the freight forwarder $9.00.
Nowadays, i compare all that I buy, sometimes the difference is only one dollar or two, so i buy locally. but many times I save 20% or 30% even paying shipping, duties and VAT.
> Employment income is also subject to > social security contributions. > Employee contributions are 13.07% and > are deducted by the employer. In > addition, the employer contributes > about 35% of employees wage.[4] No > ceiling for contributions apply on > contributions for either employee and > employer.[5] > > Value-Added Tax (VAT) applies to most > sales of goods and services. The > standard rate of value-added tax is > 21%.[6] A lower rate of 12% applies to > social housing, meals and margarine. > Another reduced rate of 6% applies to > foods, drinks, hotels and medicine. > Certain goods and services are > exempted from VAT by law, this > includes exports, and financial > services. The Belgian VAT is part of > the European Union value added tax > system. Smaller businesses with a > turnover lower than €5,580 are exempt. > > Corporate tax applies at a standard > rate of 33.99%.
Ah one could only imagine your salary deduction at 25%+13%= 38% plus pay 21% VAT, and you have to eat margarine to enjoy a tax break.
For the employers: 33% corporate tax plus 33% payroll tax to NIB. When you walk into a bank, there will little package of margarine at christimas time.
ohdrap4 says...
leave it there!
i aint flying flamingo air
you go first
On Bahamasair moves to replace aging fleet
Posted 17 June 2015, 4:27 p.m. Suggest removal
ohdrap4 says...
why is he all over the media now?
he is a very unpopular ex-politician, and , even in his time in parliament, he was generally unpopular
On Watson: Party won’t be rocked by bribe probe
Posted 17 June 2015, 1:44 p.m. Suggest removal
ohdrap4 says...
He repeated several times in this story, his objective is to secure free housing for people.
At someone else's expense, of course.
I have always sacrificed to keep a roof over my head. Last time i lived rent or mortgage-free, I was 18 and my father was paying the bills.
On Wilson: Mortgage Relief objectives being achieved
Posted 17 June 2015, 11:05 a.m. Suggest removal
ohdrap4 says...
> The use of the ambulance is in direct
> contravention of the rules regarding
> the dispatching and use of emergency
> vehicles which should be dispatched
> solely for the purpose of medical
> transport,” the statement said.
Oy, then they should stop dispatching ambulances to buy KFC for lunch!!! lol
What a stupid idea, you are dead on arrival for your prom?
On Employee is suspended as ambulance is used for prom
Posted 16 June 2015, 3:18 p.m. Suggest removal
ohdrap4 says...
> To overcome borrowers’ loan
> qualification challenges, the Minister
> said a portion of the $100 million
> raised from the Bahamas Mortgage
> Corporation’s planned bond issue would
> be employed to start a ‘rent-to-own’
> initiative
They better come up with a new law, otherwise this will turn into another urban renewal.
"Rent=to Own' usually means higher rent payments and some lumpsum payments to make up a 'downpayment'.
Now, here is wha i see people do:
-- A fancy fella i know had accumulated some funds towards the down payment, then did not meet the lump sums. He then asked the owner for credits of the amounts he paid towards equity, and lived those off till he moved out. The reason? The property was not water front. He lived there for three years and never noticed there was no water front.
-- A new set of people move into the same home with another rent-to-own agreement. At the end of the years they had a 5,000 lumpsum payment which they did not meet. Why? because they went to Disneyworld.
Many fianncial difficulties of bahamians arise because they cannot save, buy what they cannot afford.
You cannot make ants out of grasshoppers.
As it is now, lots of people stop paying their mortgages and get 3-4 years rent free to live and do not get evicted. If the GOVT starts renting homes, they will live rent-free for a lifetime.
On FINCO rejects 90% of Gov’t home applicants
Posted 16 June 2015, 7:41 a.m. Suggest removal
ohdrap4 says...
> He explained that these factors
> included outstanding liens and
> judgments against the mortgage
> applicant, plus the fact some already
> had existing home loans.
Well, if someone has outstanding liens and judgements, why should they qualify for more loans.
Bankers, unlike pastors, are not in the business of forgiveness.
But all will be well, upcoming credit bureau will not be retroactive and will wash away all sins.
On FINCO rejects 90% of Gov’t home applicants
Posted 16 June 2015, 7:29 a.m. Suggest removal
ohdrap4 says...
> ......... and what will he have to
> brag about public education in The
> Bahamas??????? ..
That they have perfected the art of engaging a majority of foreign teachers from poorer countries of the caribbean (who will work for peanuts) so they don't have to pay them any retirement?
these folks also will accept those classes with 40+ students.
On Education Director blames school brawls on 'poorly socialised' students
Posted 14 June 2015, 10:28 p.m. Suggest removal
ohdrap4 says...
it is not that he is too old.
he has had his time.
On Dion Foulkes declares interest to run for FNM in Yamacraw
Posted 14 June 2015, 3:33 p.m. Suggest removal
ohdrap4 says...
the effects of Amazon.com would come, VAT or not.
Avon closed its doors because of ease in shipping from Amazon and Walmart.
So the business models have to change. I remember years ago when a local bookstore started offering books at US Cover price to remain competitive with Amazon.
They stayed competitive for quite a while, until the used book online sellers became more widespread. One can get used books for 1 cent, and pay the freight forwarder $9.00.
Nowadays, i compare all that I buy, sometimes the difference is only one dollar or two, so i buy locally. but many times I save 20% or 30% even paying shipping, duties and VAT.
On DNA chiefs’ firms suffer ‘double digit’ VAT slump
Posted 11 June 2015, 4:37 p.m. Suggest removal
ohdrap4 says...
Learning, he is learning:
Income tax in Belgium is 25% to 50%.
then: source - wikipedia
> Employment income is also subject to
> social security contributions.
> Employee contributions are 13.07% and
> are deducted by the employer. In
> addition, the employer contributes
> about 35% of employees wage.[4] No
> ceiling for contributions apply on
> contributions for either employee and
> employer.[5]
>
> Value-Added Tax (VAT) applies to most
> sales of goods and services. The
> standard rate of value-added tax is
> 21%.[6] A lower rate of 12% applies to
> social housing, meals and margarine.
> Another reduced rate of 6% applies to
> foods, drinks, hotels and medicine.
> Certain goods and services are
> exempted from VAT by law, this
> includes exports, and financial
> services. The Belgian VAT is part of
> the European Union value added tax
> system. Smaller businesses with a
> turnover lower than €5,580 are exempt.
>
> Corporate tax applies at a standard
> rate of 33.99%.
Ah one could only imagine your salary deduction at 25%+13%= 38% plus pay 21% VAT, and you have to eat margarine to enjoy a tax break.
For the employers: 33% corporate tax plus 33% payroll tax to NIB. When you walk into a bank, there will little package of margarine at christimas time.
On Moss: Why I quit
Posted 11 June 2015, 1:30 p.m. Suggest removal