I wonder what is stopping PL from having a housing boom? A large part of an economy relies on workers purchasing a home plus vehicles, it's the largest expenditure in GDP calculation yet PL housing boom is only concentrated with a small group of diaspora building holiday homes, how do we get the locals to build their own homes, imagine every 20-30 year old in PL got a job, saved, got a bank loan and built his dream home? that would result in hundreds of thousands of homes each year added into our GDP calculation.
That would be like 50k average house price x 100 thousand youth across Puntland, that's a beautiful net effect of $5 billion dollars added into our economy each year just thru home building or purchases. If we can sustain 100,000 new home owners each year across our 4 million population, that is a guaranteed $5 billion dollars in our GDP each year without 'fail' plus our government taxation revenue will naturally feel the effects of this economic policy.
Is there any home based economic plans in PL you guys can suggest? We need to put our youths thru the 'mortgage' game, this is where the largest part of Australia economy depends on, it depends on young people purchasing homes and the construction industry and banks are two 'infrastructure' needed for this to happen.
That would be like 50k average house price x 100 thousand youth across Puntland, that's a beautiful net effect of $5 billion dollars added into our economy each year just thru home building or purchases. If we can sustain 100,000 new home owners each year across our 4 million population, that is a guaranteed $5 billion dollars in our GDP each year without 'fail' plus our government taxation revenue will naturally feel the effects of this economic policy.
Is there any home based economic plans in PL you guys can suggest? We need to put our youths thru the 'mortgage' game, this is where the largest part of Australia economy depends on, it depends on young people purchasing homes and the construction industry and banks are two 'infrastructure' needed for this to happen.