Out of reach

04 August 2019 | Columns

Otis Finck

As the housing waiting lists keep on growing, prices for a place to live and call your own continue to skyrocket. The prospect of becoming a home, or shall I rather say room owner as a member of the Namibian house is fading fast for the landless majority.

It appears as if we have actually moved further and further away from ensuring that all Namibians are accommodated over the past 29 years of independence. Is there any truth in accusations that profit hungry tenderpreneurs are charging super charges and deliberately destabilising the market? Is ultra and low cost housing an urban myth?

Realistically looking and taking the current rates and ratios for housing developments into consideration, the way things stand the provision of affordable and low cost housing appears to be a pipe dream.

Looking around I see the cheapest house constructed these days goes for over N$400 000. How can this be cheap in the eyes of the average Namibian who earns less than N$10 000 a month?

Don’t get me wrong. I know nothing is mahala (free) but with such a price tag and income requirements demanded by banks, all the majority can do is fantasize about buying a house in their lifetime.

The trend shows that development costs are not decreasing.

There is definitely a huge gap to bridge. Anything significantly cheaper than what is currently termed as affordable housing on the market, would make a difference and will surely be appreciated by the ordinary man.

What is driving the cost of this expensive exercise culminating in houses being out of reach for those who need it the most (the majority), I wonder?

It is common knowledge that the cost of development is almost double at the coast. Nobody questions the reasons provided to justify the prevailing scenario and status quo.

The time has come that we try and establish the true or let me rather say real cost of urban housing developments.

Is there is no one in the whole of Namibia who can come forward and determine the true cost of low cost development? What do we stand to lose by such an exercise? Are the rates being demanded for property development really user-friendly and have these rates ever being questioned, I ponder.

Who and what guidelines were applicable in determining these rates in the first place? Who govern the rates?

The way things stand, development trends and income disparities are irreconcilable. They should in fact go hand in hand. How will the need for affordable housing ever be addressed?

For this reason profit margins should not determine where true development cost really lies.

Want to react? E-mail [email protected]

Similar News

 

Join us on our digital journey

1 year - 25 August 2019 | Columns

Gerine Hoff What you're holding in your hands right now – this collaborative Windhoek Express/Erongo newspaper – is our last printed edition.While we're a little...

The evolution of change

1 year - 18 August 2019 | Columns

Leandrea Louw Change is scary and as humans we're not very adaptable when it comes to change. Yet everything around us is constantly evolving,...

We live and we learn

1 year - 11 August 2019 | Columns

Iréne-Mari van der WaltThe great irony attached to most social movements of the 21st century is that, despite being aimed at pushing and broadening labels...

Penny wise and pound foolish

1 year - 28 July 2019 | Columns

Gerine Hoff While the renaming of streets in the capital continues un­abated – one would swear the City of Windhoek has spare change lying around...

The benefits of sport

1 year - 21 July 2019 | Columns

Adolf KaureI have practiced a number of sport codes including karate, golf, chess, soccer, tennis, table tennis and boxing over the years.There are a lot...

Life's simplest secret

1 year - 14 July 2019 | Columns

Irene-Mari van der Walt Advice on how to live a fulfilled life abound and are often pondered by both the self-righteous and the truly...

Learning the lingo

1 year - 07 July 2019 | Columns

Gerine HoffWorking in the written word industry, I was thrilled to see that Merriam-Webster has added more than 600 new words to their dictionary this...

Fight for financial freedom

1 year - 30 June 2019 | Columns

Adolf KaureThe Namibian economy is currently in a recession and it is a reflection of what is going on all over the world.Many graduates are...

Take care of yourself

1 year - 23 June 2019 | Columns

Leandrea LouwIt’s the middle of the year, and by now a lot of us feel overwhelmed, overworked, depressed and stressed.I found myself in that exact...

Coping with a mental disorder

1 year - 16 June 2019 | Columns

Julienne van Rooyen I always try to write from the heart, even though my writing has gotten me into trouble at times. What I believe...

Latest News

Covid testing capacity increased again

6 hours ago | Health

Together with the University of Namibia and in addition to the initial machine availed at the launch of the lab in August last year, Debmarine...

Revival, Kudos continue their dominance

7 hours ago | Sports

The Central Volleyball Association (CVA) continued with its league games at the University of Namibia (Unam) and the Patrick Iyambo Police College on Saturday.During the...

NGOs plan the way forward

8 hours ago | Society

In partnership with the Bank Windhoek Social Investment Fund and the Lithon Foundation, the Capricorn Foundation recently hosted an online capacity building workshop for NGOs...

Big cheque for DTS Futsal...

8 hours ago | Sports

After the success of the 2020 Nedbank DTS Futsal Tournament, Nedbank has again sponsored N$100 000 towards the DTS Futsal Development Team this year. The...

Family crushed by court ruling...

21 hours ago | Justice

Windhoek • [email protected] what has been described as a judicial cop out, a Namibian High Court judge on Monday refused to set aside the Ministry...

Ignore the myths and get...

1 day - 18 April 2021 | Health

Deputy Minister of Health and Social Services, Esther Muinjangue, said Namibians should ignore myths around Covid-19 vaccines and get vaccinated. She said this on Friday...

Educate children on their rights...

1 day - 18 April 2021 | Crime

Children’s advocate Ingrid Husselmann said having a good legal framework for child protection is not enough in Namibia and more needs to be done to...

Post-budget event unpacks Namibia's fiscal...

1 day - 18 April 2021 | Business

RMB Namibia held a post-budget event with clients in Windhoek and Swakopmund under the theme 'Unpacking Namibia’s fiscal sustainability trajectory.'Ruusa Nandago, FirstRand Namibia Economist talked...

Women seen in house buying...

1 day - 18 April 2021 | Business

The FNB House Price Index posted an annual growth of 3.5% year on year at the end of 2020 compared to -4.7% y/y recorded over...

Load More