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Wednesday, 29 October 2014

CABS BUDIRIRO 5 HOUSES – A LOOK AT PROS AND CONS OF MINIMUM REQUIREMENTS



THE PROS

Minimum income
The  minimum incomes for the various house types at Budiriro are $756, $820 and $934 for 2 rooms, 2 rooms with extras and 4 rooms respectively. These figures can be too high for the supposed  beneficiaries namely low income earners but the good part of the arrangement between CABS and City of Harare is that it is a wonderful attempt to address both the supply and demand sides of real estate. At least in the market there is a mortgage facility that enables people to buy new houses despite the liquidity crunch .