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| *Travel Tips>>>Cuba Travel Tips |
Cost of housing in Cuba? |
Travel Info Don't answer this question if you never visited Cuba before OR you never lived in Cuba before. What do people have to pay for housing in Cuba? Is it a set amount if they live in a one bedroom versus a two bedroom? Do they pay a certain percentage of what they earn for a living etc? Anyone on Answers who has lived in Cuba in the last 5 or ten years who has an idea of what current rates are etc? Travel Tips HOUSING The cost of housing in Cuba is very low. In the beginning years of the Revolution all the housing was nationalized and became property of the State. This was done to establish the groundwork for the reforms that followed, and in the years since then, different measures have been taken to benefit those that live the houses. Of these measures the most important are the following ones (not necessarily in chronological order): First, a 50% discount of rents. Then, a second discount of rents, which took the rent down to a maximum of 10% of the lessee's wage (and 6% for those houses built by the microbrigades). For example, in my case the house belongs to my wife who received it new in 1979. She had a house payment of 26.00 monthly pesos established, that was around 10% of the wage that she earned at that time. For each house a value was established that would not be more than what the lessee would have had to pay during 20 to 30 years, depending on the year of construction of the house. After establishing this value, an agreement was then signed among the National Institute of the Housing (owner of the houses), the lessees and the National Bank of Cuba. Under this agreement, the Bank made a loan to the lessees so that these lessees bought their houses and continued paying to the Bank the installments required until completing the total value of the house. Everybody who wanted to could pay for his or her house in smaller terms, without the traditional bank interests. Starting from that moment, everybody became proprietor of his or her house. Today more or less 85% of the owners have completely paid off their houses. In my case, when the house values discussed in paragraph (c) were established, our house was valued in a little more than 9000.00 pesos and at that time we had very little left to pay of this total value. Therefore, we decided to pay what we owed immediately and we become homeowners without having to pay any installments to the Bank. As you can see, for Cubans housing does not constitute a problem in their expenses. Although today all newly constructed houses are valued based on their square meters, the monthly payments are never more than 10% of the named owner's wages, even though others in the house may have additional incomes. Hi ...Sorry I could not resist. I have not lived there but have friends who did. The people are very friendly and they are a happy group. The beaches are fabulous, the food is great, I mean top notch food. However most are very poor and critical services are lacking somewhat. Source(s): http://members.aol.com/merengue123/housi... Other Travel Tips the price of housing is low, so is the price on any and everything that the goverment provide that is very littler. However the price for the lack of freedom, and suffering that Cubans are paying is so high that they rather come to Miami and pay sky-rocket prices for rent. |
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