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House Price Inflation In Namibia Bad - B B C

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The BBC thinks that HPI in Namibia is bad because people can't afford to buy houses :rolleyes:.

http://www.bbc.com/news/business-29755764

Namibia in southern Africa has the second highest house-price inflation in the world.

A recent survey showed a rise of 29% every year - second only to Dubai.

In order to afford an average property, household incomes in Namibia would have to triple.

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Johnny Foreigner is too stupid to get finance.....or maybe he is bright enough not to bother.

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About 1:30 in the penny drops...the rules and regulations of the relevant authorities.

How is It 1,2,300 years ago, migrants went to America with nothing, and were able to build cities from nothing with none of the technology and machinery of today.

Oh that's right, no scumbag politicians.

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Namibia is nothing like the UK.

For one thing it has little or no manufacturing - oh wait on a mo.

Apart from that does its Central Bank really know what it's doing - oh wait on a mo.

There again its politicians - oh wait on a mo.

Edited by billybong

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