In Venezuela, Sell Your House or Lose It

[MADem]

14. They don't have a pot to piss in or a window to throw it out of....

They aren't paying their BILLS. VZ has serious cash flow problems, they've borrowed billions from China, and no one will extend them any credit any more because they just aren't paying their notes like they should. Look at the mess with the airlines; they had to stop flying in before VZ said they'd make good on what they owed.

They aren't going to run round buying up homes at fair or even sub-par prices. The scheme is to (supposedly) allow (or force, even if they don't want to) the renters to buy; it's more about shaking loose "fine money" (if you don't comply, you pay the fine) from the landlords.

This isn't doing anything to free up housing for people who need it. VZ is sitting on enormous oil wealth; instead of using that money to build public housing, the money is skimmed off by the Boligarchs....which is why Mrs. Maduro owns a million dollar home in FL (irony--that's where an enormous chunk of the VZ middle class has fled), and her kids run a family owned Japanese restaurant there. She's trying to unload the thing since people figured out it was hers; she's lowered the asking price from a million four to just under nine fifty.

And "regular" Venezuelans have currency limitations placed upon them when they travel, worse if they travel to "enemy territory" in FL.

Do as I say, not as I do, I guess.