Whilst ObamAmerica creates an economic environment hindering the ability to not only buy a home or new vehicle, but the ability to keep and maintain existing homes and implementation of drilling bans to absorb our disposable income for fuel.....
Communist Cuba to lift ban on home and auto sales!!!
In a move aimed at jump-starting its economy, Cuba says it intends to lift a ban on sales and purchases of homes and cars as early as the end of this year.
The Cuban Communist Party newspaper Granma reported the new policy on Friday.
The Caribbean socialist country has basically banned sales and purchases of homes and vehicles since the 1959 revolution.
Currently, Cubans are allowed to own one dwelling per person. Under the new policy, they will be allowed to sell the building.
The newspaper says that a ban on the buying and selling of vehicles will also be lifted.
Cuba is in the grips of a chronic economic crisis. In April the Communist Party decided to introduce a partial market economy aimed at rebuilding the country.
The Cuban government is likely to increase revenues by levying a tax on the transactions of homes and autos. But some people say they are concerned that the introduction of a market economy might widen the gap between the rich and poor and increase social instability.
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