So now this leads me to what I’ve been saying. Oak estate has 3 beds for 35 million. The mortgage on that is about 250 to 300k. Can it be rented for that? We are blaming the owners but it’s the developers who are taking the bulk of the money. If you buy at such high price then to break even the rent price has to be in tandem with the mortgage payment
The only good thing about that price is the paved and maintained garden. Don't like the cameras....feels like I'm being watched . Would prefer it grilled. Appreciate that my environment does not require effort in being tidied and manicured on my time. Like that everything is factored into the one price. So I figure the rental cost without the added fee is 120k which is similar to a lesser appealing home in the same community . I would take it if I could afford it and if that's where I wanted to be. The landlord sounds professional and is interested in how the tenant experiences the home. That could work out to be a pleasant rental experience especially if he giving access to the tenant to review cameras. Most font do that.
It's criminal what the corrupt blackmailed politicians allowed these corrupt people buying off these houses that should be for the Jamaican people and extorting the so called foreigners
The rental price isn’t as bad as people may initially think, if you have recently closed on a home at Phoenix Park priced at 14 million than your mortgage is well over $100,000. The fact the water, internet, maintenance are included and it will have AC is a good deal The price has a number of factors considered and guess what when demand outstrips supply the sky is the limit. Big ups Ackeem
I get your point. I was thinking it's not worth it, I figure the owner is trying to pay off the mortgage, not realizing that their mortgage will be costly...as you say possibly 100k per month. When you look at it the owner may very well be actually getting like a 50k a month for the rent.
The issue is that real estate investment in Jamaica is a bad idea . It’s too costly to buy and the developers are taking advantage of the fact that people can’t trust family to build while they are abroad . These little unimpressive houses are way overpriced. It’s laughable if you asked me because these houses do no look good at all bredda
Agreed . I was mentioning those factors to someone in the comment. Technically the true rent is 120k . You would still have to pay all the added out of pocket. What the 150k does is act as security for the owner that all bills will be paid and landscape will be maintained. Owner probably chose cameras over grills too for safety of those inside incase of fire while still monitoring whose on property. What the rent offer the tenant is administration of things that would otherwise take time to do. . I think it show the owner is considerate of how the tenant experiences his property. I would rent it if I could.
The only issue is that I LIKE PLAZAS with amenities. I like to go to coffee shops to meet friends and a place to buy pizza and patties.. That's the only thing.. Where do you go to buy a jeans and a shoes or a perfume?
JMD150 000.00 Preposterous!! How big are the bedrooms? What about the unpaved areas and dust? Where does the laundry go? Portmore, the Sunshine City in the broiling heat and sun for uncovered wash area? Talking about AC, who pays the light bill? No fence? Let's do the Maths? Is the owner's mortgage I will be paying? Everything in this house has to be miniscule. I love large furniture and furnishings also space. I have to get my Masters/PhD, may be my mind will change by then. Where do I chill after a hard day's work? That sum has to come with amenities too, can you name one?
Honestly the rent is not bad for all that it comes with. The price though is for them middle class people who be getting some big paychecks. The developers are being damn greedy and so the homeowners have to have those high rents to pay their mortgages.
Yall frustration needs to be redirect to thd bigger man (THE DEVELOPERS) not the landlords lol did yall expect d house to be rented for less than d mortgage if so go argue with the loaners. Not the renters😂😂
How sad look how many people in Jamaica need a house these people selling these houses to people who most of them dont live in Jamaica then they use these properties to extort for money
Lovely advice@@suzanneburton5340. The sacrifice I made to buy my second home, batta batta shoes, wash out clothes, spike heel lean, nuff not doing that. In the process of renting mine and of course it has to pay the mortgage.
Thats my point people ovetseas buy them but contributers to nht never qualify fon any of these. So why are we cobtributing to the scheme. To make developers rich along with nht?
@@tamica3061 it's pure corruption those lands shouldn't be even given to criminal foreigners to build these criminal price properties these land should be use to build affordable houses through the corrupt nht
It's not true if you is a nht comtributor and have income to pay the mortgage, you can compete with the overseas buyers and you have your 5 or 10% deposit. Contact your mortgage lender and get ur pre approved letter. Same thing overseas buyers doing in jamaica.@tamica3061
How much do people think it cost to pave that place or buy cameras or run plumbing in side for washing machine or to buy 2 AC or to pay the maintenance to be in a gated comunity. Or to grill it if people insist or to buy grass and pay people to maintanin and have it manicure and taken care of ...or to be watering a new lanscape project. People think its chump change to buy house and all those hidden fees and taxes ...to pay realtor fee which is added to the rental fee. the realtor is paid montly i believe. Listen when one does not own one doesnot understand. The criminals are the owners in kingston who buy their house 50 years ago for 1 pence and have made profit off that house fifty times over and still charging you your life saving while is still old and horrible looking just because it uptown. Those are the criminal. Not people buying in these times.
nuh care weh u a say nobody fi pay nobody mortgage... old house robbery nuh justify new house robbery. every spend the home owner spend or investment is for their benefit, .......anybody that live a jamaica and nuh own their own house, paying this rent a idiot.
I would prefer get a nice nice apartment in KINGSTON for that price than over Portmore. They really have the audacity. Smh 150,000 ? Fi house a Portmore ?? Lool what a joke!
$150,000 ?? The audacity these ppl have ! Oh Lord we are doomed. The highest price that would be worth it for a house rental in Phoenix park is like 85,000 max monthly ! These ppl are really ridiculous with these prices an Portmore is NOT KINGSTO!!
So just to be clear these properties can be rented for 55k and cover the mortgage. It is ludicrous for these people to charge these prices. Criminal I would go even further and say. Taking advantage of people
A fence would be nice but a proper fence for a yard that big is at least 1.5 million. That’s not a necessity in a gated community with 24 hour security.
These people out their Damm minds . I can rent cheaper than that in certain US states . Place safer , better developed and way more amenities . Why is real estate so expensive in Jamaica? Ive I see better houses cheaper than this in Kenya, Tanzania and Ghana 😂. Jamaicas real estate is going nuts
So now this leads me to what I’ve been saying. Oak estate has 3 beds for 35 million. The mortgage on that is about 250 to 300k. Can it be rented for that? We are blaming the owners but it’s the developers who are taking the bulk of the money. If you buy at such high price then to break even the rent price has to be in tandem with the mortgage payment
Rent going to be around $200K -$250K per month or equivalent to the mortgage can you imagine
The mortgage can be less than a $100,000
When I saw the price I thought the unit would be furnished, which even then I don't think it would be worth 150k. Just WOW
Corner lot or not.. it’s not fenced not is it grilled. Not worth 150,000 monthly
My thoughts exactly
The only good thing about that price is the paved and maintained garden. Don't like the cameras....feels like I'm being watched . Would prefer it grilled. Appreciate that my environment does not require effort in being tidied and manicured on my time. Like that everything is factored into the one price. So I figure the rental cost without the added fee is 120k which is similar to a lesser appealing home in the same community . I would take it if I could afford it and if that's where I wanted to be. The landlord sounds professional and is interested in how the tenant experiences the home. That could work out to be a pleasant rental experience especially if he giving access to the tenant to review cameras. Most font do that.
Also it a big lot for entertainment a swing set and raised bed gardening that's removable.
JMD$150k for what???. Kmt. Stop buy up the house them weh people want to live in and try extort people fi pay you mortgage.
It's criminal what the corrupt blackmailed politicians allowed these corrupt people buying off these houses that should be for the Jamaican people and extorting the so called foreigners
What do you think is the purpose of a rental property?
@@tripleb1960and it give people a chance who can't buy it to rent it. But I guess individual is simply frustrated at the ridiculous cost of living
Kudos on the greatly improving presentation of the video. Love the time stamps
Glad you liked it!
The rental price isn’t as bad as people may initially think, if you have recently closed on a home at Phoenix Park priced at 14 million than your mortgage is well over $100,000. The fact the water, internet, maintenance are included and it will have AC is a good deal
The price has a number of factors considered and guess what when demand outstrips supply the sky is the limit. Big ups Ackeem
I get your point. I was thinking it's not worth it, I figure the owner is trying to pay off the mortgage, not realizing that their mortgage will be costly...as you say possibly 100k per month. When you look at it the owner may very well be actually getting like a 50k a month for the rent.
The issue is that real estate investment in Jamaica is a bad idea . It’s too costly to buy and the developers are taking advantage of the fact that people can’t trust family to build while they are abroad . These little unimpressive houses are way overpriced. It’s laughable if you asked me because these houses do no look good at all bredda
Agreed . I was mentioning those factors to someone in the comment. Technically the true rent is 120k . You would still have to pay all the added out of pocket. What the 150k does is act as security for the owner that all bills will be paid and landscape will be maintained. Owner probably chose cameras over grills too for safety of those inside incase of fire while still monitoring whose on property. What the rent offer the tenant is administration of things that would otherwise take time to do. . I think it show the owner is considerate of how the tenant experiences his property. I would rent it if I could.
Safety 1st! Usually thats a major factor for the mass when paying rent, so... I say back to the drawing board with conservatively 90k to start 😇🤑😅...
Have you found a 2 or 3 bedroom for 90k recently? I'm here looking
@@tripleb1960I bought. Its been years since I rented.
I just need the contact for the person who did the driveway please and thanks.
Yes am interested in this too. Looking lovely
Where's the pharmacy and the dollar general store?
I'll come but they need a basic plaza!!
Where's the nail shop and the hair store? I need basic amenities at least.
Where do you go to pick up a Pepsi and some plaintain chips? Where is it?
The only issue is that
I LIKE PLAZAS with amenities.
I like to go to coffee shops to meet friends and a place to buy pizza and patties..
That's the only thing..
Where do you go to buy a jeans and a shoes or a perfume?
Akeem....do you have any idea of the rental cost for a 3 bedroom apartment at Unions, Estate phase 3, Spanish Town?
Not sure, but I assume anything with 3 bedrooms is over 100k
Are you aware of any new housing developments in Trewlany or St James?
Not at the moment
JMD150 000.00 Preposterous!! How big are the bedrooms? What about the unpaved areas and dust? Where does the laundry go? Portmore, the Sunshine City in the broiling heat and sun for uncovered wash area? Talking about AC, who pays the light bill? No fence? Let's do the Maths? Is the owner's mortgage I will be paying? Everything in this house has to be miniscule. I love large furniture and furnishings also space. I have to get my Masters/PhD, may be my mind will change by then. Where do I chill after a hard day's work? That sum has to come with amenities too, can you name one?
Who you think going to use the Ac?
Excalty
So no laundry room is in place for $150k pr mth. That is a joke
Honestly the rent is not bad for all that it comes with. The price though is for them middle class people who be getting some big paychecks. The developers are being damn greedy and so the homeowners have to have those high rents to pay their mortgages.
Unfortunately not
Yall frustration needs to be redirect to thd bigger man (THE DEVELOPERS) not the landlords lol did yall expect d house to be rented for less than d mortgage if so go argue with the loaners. Not the renters😂😂
They should have a wash room😢
How sad look how many people in Jamaica need a house these people selling these houses to people who most of them dont live in Jamaica then they use these properties to extort for money
Well stop the ton a partying and start saving your money and maybe next time you will be able to afford them
Lovely advice@@suzanneburton5340. The sacrifice I made to buy my second home, batta batta shoes, wash out clothes, spike heel lean, nuff not doing that. In the process of renting mine and of course it has to pay the mortgage.
Thats my point people ovetseas buy them but contributers to nht never qualify fon any of these. So why are we cobtributing to the scheme. To make developers rich along with nht?
@@tamica3061 it's pure corruption those lands shouldn't be even given to criminal foreigners to build these criminal price properties these land should be use to build affordable houses through the corrupt nht
It's not true if you is a nht comtributor and have income to pay the mortgage, you can compete with the overseas buyers and you have your 5 or 10% deposit. Contact your mortgage lender and get ur pre approved letter. Same thing overseas buyers doing in jamaica.@tamica3061
How much do people think it cost to pave that place or buy cameras or run plumbing in side for washing machine or to buy 2 AC or to pay the maintenance to be in a gated comunity. Or to grill it if people insist or to buy grass and pay people to maintanin and have it manicure and taken care of ...or to be watering a new lanscape project. People think its chump change to buy house and all those hidden fees and taxes ...to pay realtor fee which is added to the rental fee. the realtor is paid montly i believe. Listen when one does not own one doesnot understand. The criminals are the owners in kingston who buy their house 50 years ago for 1 pence and have made profit off that house fifty times over and still charging you your life saving while is still old and horrible looking just because it uptown. Those are the criminal. Not people buying in these times.
nuh care weh u a say nobody fi pay nobody mortgage... old house robbery nuh justify new house robbery.
every spend the home owner spend or investment is for their benefit, .......anybody that live a jamaica and nuh own their own house, paying this rent a idiot.
Look how far you'd have to travel if you would want a little.cup.soup?
Jeez
The house is nice though!
That is also what the owner set up camera to watch you😂
😂😂
🤣😂🤣
It’s a bit too small and the kitchen has no work surface.
I would prefer get a nice nice apartment in KINGSTON for that price than over Portmore. They really have the audacity. Smh 150,000 ? Fi house a Portmore ?? Lool what a joke!
lol
What nice apt in kingston you going to get for 150k. A one studio....because you certainly gonna pay for location
$150,000 ?? The audacity these ppl have ! Oh Lord we are doomed. The highest price that would be worth it for a house rental in Phoenix park is like 85,000 max monthly ! These ppl are really ridiculous with these prices an Portmore is NOT KINGSTO!!
Ha! I wonder what you're saying now. Houses advertising for 120k and by the next day they're rented. Dream on 😂
@@tripleb1960 that's sad. I guess inflation has a part in this.
So just to be clear these properties can be rented for 55k and cover the mortgage. It is ludicrous for these people to charge these prices. Criminal I would go even further and say. Taking advantage of people
Omg, so expensive....not sure how we jamaican gonna survive.....pure wickedness
People need bath tub in houses what about people with disabilities?
Not worth the price too high
I need one to buy
I OFTO LAUGH😅😅..kmdt..
Good luck getting a nice apartment in kingston for 150k
150 thousand what a joke
House is not yet grilled
$150,000 ? is this a prank?
Them need fence for that price
A fence would be nice but a proper fence for a yard that big is at least 1.5 million. That’s not a necessity in a gated community with 24 hour security.
@@MomentsbyBoothehe could a two row of shrubs and flowing trees
Meant flowering trees
I don't live nowhere. Tree doesn't grow.
Mr booth that doesn't were 150
These people out their Damm minds . I can rent cheaper than that in certain US states . Place safer , better developed and way more amenities . Why is real estate so expensive in Jamaica? Ive I see better houses cheaper than this in Kenya, Tanzania and Ghana 😂. Jamaicas real estate is going nuts
No one cares about kenya tanzania ghana jamaica is a brand
Looks floood prone
Look how long phase 1 to 4 has existed and never flood.
Thus is 1000 us dala a month
150 thousand, what a joke.
Lol Lmao
You lot wants to much freeness
Amen