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RE: House, Apartment, Studio, Room... Street? .:. Late Night Blogging
The reality unknown to those of us who live in other places. Every day I dream of emigrating to Spain, but when we hear real stories like this one, things take on a different nuance. In Cuba the housing situation is something out of this world.... a reality so strange that it seems unbelievable. I could not talk about rental prices because I do not know that market right now. We were 9 years renting from 2001 to 2010, we paid from 50 USD per month for an apartment. Very cheap you could say, but believe me, it was not. Back then, 1 USD was equivalent to 25 Cuban pesos. I had a salary of 510 Cuban pesos and my husband 420, per month, and we paid 1250 in rent!!! Simple math, to live, we had many extra jobs. Today the rent issue must be worse. In 2010 we bought a 50m2 apt for 12k USD which was about 300k Cuban pesos, for us a bundle that took us 10 years to put together. Luckily we made it back then. Today this apt is still at the same price, maybe about 2k less, but right now 10k USD represents 3 800 000 Cuban pesos!!!!! And the minimum wage does not exceed a measly 8 USD per month!!! Inflation is devouring us. Saludos.
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Sorry for "killing your dream", but to correct myself, it's not like that in EVERY part of Spain... The direction is similar, but the numbers are maybe lower...
I hope you had your mortgage (or loan) indexed in pesos, as I suppose having it in USD would be devastating... I lived in a country that had a huge hyperinflation for a couple of years, but luckily, it was stopped and slowed down... Inflation is a huge problem, and it is destroying families and lives... Prices are going up, and wages continue to be the same... Every month, you can buy fewer and afford fewer things/food...
I hope things will change for the better... Modest people don't ask for yachts, big houses... just for a decent life...
Sorry, I forgot to tell you about the most remarkable peculiarity of the real estate sales and purchases in Cuba. Here there are no mortgages, the price of the houses is paid in full in a single payment, cash, money in hand, no bank transfers (these are things that even we do not understand, they are so absurd that it is impossible to explain 🤣) No matter the price (there are from a few thousand USD to 1 million or more) you have to pay everything. And the best thing is that they are sold 😆. Saludos.
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