Dear Editor,
The article written by Damion Crawford in the Jamaica Observer of December 1, 2014 is absurd. Though I expect a young dinosaur like him to defend his party at all costs.
There are lots of effective demand (demand backed by income) for low-cost houses (houses costing $5m and lower), yet the National Housing Trust (NHT) is not satisfying this demand; and Crawford is justifying their investment in a failed tourism entity.
Outameni failed under Little-White, so why does Crawford think it will be successful under NHT. If Outameni were an attractive investment, it would be sold for far more than the $180M.
For Crawford's information, when the NHT finances low-cost houses -- I stress low cost because of effective demand for them -- that, in itself, is an investment from which NHT is expected to make returns.
Doesn't Crawford know that some investments are riskier than others? Is he saying that because an activity falls within the mandate of the NHT, its board has a right to invest in that activity regardless of how risky it is? If this is the mentality of our leaders, especially the young ones, then Jamaica will continue to be in the state it is for the next couple of decades.
Courtney Barrette
courtney_Barrette@yahoo.com
There's demand for low-cost houses, Crawford
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The article written by Damion Crawford in the Jamaica Observer of December 1, 2014 is absurd. Though I expect a young dinosaur like him to defend his party at all costs.
There are lots of effective demand (demand backed by income) for low-cost houses (houses costing $5m and lower), yet the National Housing Trust (NHT) is not satisfying this demand; and Crawford is justifying their investment in a failed tourism entity.
Outameni failed under Little-White, so why does Crawford think it will be successful under NHT. If Outameni were an attractive investment, it would be sold for far more than the $180M.
For Crawford's information, when the NHT finances low-cost houses -- I stress low cost because of effective demand for them -- that, in itself, is an investment from which NHT is expected to make returns.
Doesn't Crawford know that some investments are riskier than others? Is he saying that because an activity falls within the mandate of the NHT, its board has a right to invest in that activity regardless of how risky it is? If this is the mentality of our leaders, especially the young ones, then Jamaica will continue to be in the state it is for the next couple of decades.
Courtney Barrette
courtney_Barrette@yahoo.com
There's demand for low-cost houses, Crawford
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