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Cuba Legalizes Private Home Sales (Private Real Estate Legal Again In Cuba)
BBC News ^ | 11/03/2011 | BBC News

Posted on 11/03/2011 9:33:19 AM PDT by goldstategop

The ban on property sales took effect in stages after Fidel Castro came to power in Cuba in 1959.

Parents were able to pass property on to their children, but buying and selling property was not allowed.

The rules have meant that for decades Cubans could only exchange property through complicated barter arrangements, or through even murkier black-market deals, often involving illegal payments and bribes.

With the new law, Cubans will be allowed to own a maximum of two properties - their main home and a holiday home.

A popular aspect of the law will be the abolition of the government agency which regulated house swaps - a system much open to abuse.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Cuba; Culture/Society; Foreign Affairs; Government; News/Current Events
KEYWORDS: bbcnews; capitalism; cuba; privaterealestate; reform
Communist Cuba has introduced private real estate to the island for the first time since 1959. It has a severe housing shortage and government-run housing hasn't worked well in solving the problem.
1 posted on 11/03/2011 9:33:21 AM PDT by goldstategop
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To: goldstategop
Cubans will be allowed to own a maximum of two properties - their main home and a holiday home

That's rich, considering Doctors make the equivalent of 40.00 a month.

2 posted on 11/03/2011 9:35:41 AM PDT by AU72
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To: AU72

Private ownership is an admission socialism doesn’t work. Why loosen up the corset if its such a paradise?


3 posted on 11/03/2011 9:38:05 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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Celebrate Jim's Birthday!

Click On The Balloons And Party!

4 posted on 11/03/2011 9:39:59 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: DJ MacWoW

They are drilling for oil. Cuba might be a good place to move after the Castro’s are not running the place.


5 posted on 11/03/2011 9:45:07 AM PDT by scooby321
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To: goldstategop

What the Commies give, they can take away. No thanks to Cuban real estate.


6 posted on 11/03/2011 9:50:49 AM PDT by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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To: goldstategop

When the communist took over they allowed people to keep their land or did they take it and give it to the politically connected to pass on. Under communism their is no “private property” so its it the owners of the land in 1958 or the state now selling off land?


7 posted on 11/03/2011 10:04:21 AM PDT by edcoil (The will to win is important, but the will to prepare is vital. -- Joe Paterno)
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To: edcoil

“Parents were able to pass property on to their children, but buying and selling property was not allowed”

It sounds to me like private property was more-or-less allowed in that regard, though with the permission of the state. Also, how many Cubans would be able to afford a second house?


8 posted on 11/03/2011 12:27:44 PM PDT by Jacob Kell (Osama/Obama the only difference is BS.)
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