by: John Rodriguez
Another Cuban apartment-owner, Katia Gonzalez, 48, received her two-bedroom apartment just blocks from the ocean in one of Havana’s best neighborhoods said she would consider selling her place for a fair price. Gonzalez believes her apartment could be sold for, “$25,000. A little more, maybe $30,000,” meanwhile in Miami a similar apartment to her own may cost ten times as much as that.
While the concept of private ownership could benefit the country in steering it towards a renovated future, providing more for the people there are some issues they will have to understand. For example the way a mortgage system will work? What’s a fair price? And how will taxes become? Until the government truly implements this reform, we can only expect the Cuban will be the wiser if they enter the realm of real estate ownership.