Poll: Rent in T&T too high? or we like it so?

[shake d livin wake d dead]

Hmm curious guys how much do you guys think these would rent for:

2400 squarefeet 2 beds 1 bath, living room/bedrooms AC/range hood and water/internet included

2000 squarefeet- 2 beds 1 bath, living room/bedrooms AC/range hood and water/internet included

3000 squarefeet- 3 beds 1 bath, living room/bedrooms AC/range hood, waredrobe and water/internet included

all of which would be newly renovated with brand new stuff.

Location Arouca (PBR behind compound) 2 mins drive to Trincity mall 5-10 mins walk from Arouca Junction.

check the classifieds and gauge from what other people asking for their places

[shake d livin wake d dead]

Imagine you save up for years to buy land & build house in a nice quiet secure location and then later down the road you come out one morning and see pnm people move in the area and playing kyartel and pap-khan all hours of the night into the morning - dais ah instant feel sick

this would depend entirely on the cost of the land...if said property costs around 350-400k...how much ah dem you seeing next to you??? Most you might get are the reserved types(which I don't mind)

[zoom rader]

True
Complainers gonna complain, no matter their position.

I suppose is a good thing most complainers remain sufferers then

Jah bless king, Mandela and Ghandi dem never complained.

Brother Bobo, Ghandi did protest in silence

Mandela did complain and protest until his death .

They are BOTH my mentors

Did you know that the Bobo Shanti did complain and protest against the legalization of marijuana ?

Do you know its the culture of Indians to low ball ?

This is not a negative , it's their " brought up see "

My family and myself have been in the private rental income for nearly 60 years and it is our experience when dealing with them. They always complain.

[rspann]

zoomrader. You work hard and sacrifice, get your apartments to make your life easier. You ever experience people who have nothing ,jealous you for it?

[RedVEVO]

True
Complainers gonna complain, no matter their position.

I suppose is a good thing most complainers remain sufferers then

Jah bless king, Mandela and Ghandi dem never complained.

Brother Bobo, Ghandi did protest in silence

Mandela did complain and protest until his death .

They are BOTH my mentors

Did you know that the Bobo Shanti did complain and protest against the legalization of marijuana ?

Do you know its the culture of Indians to low ball ?

This is not a negative , it's their " brought up see "

My family and myself have been in the private rental income for nearly 60 years and it is our experience when dealing with them. They always complain.

What do they complain about vs other people ?

Do they complain but still pay the rent ?

Then what is the problem ?

[zoom rader]

True
Complainers gonna complain, no matter their position.

I suppose is a good thing most complainers remain sufferers then

Jah bless king, Mandela and Ghandi dem never complained.

Brother Bobo, Ghandi did protest in silence

Mandela did complain and protest until his death .

They are BOTH my mentors

Did you know that the Bobo Shanti did complain and protest against the legalization of marijuana ?

Do you know its the culture of Indians to low ball ?

This is not a negative , it's their " brought up see "

My family and myself have been in the private rental income for nearly 60 years and it is our experience when dealing with them. They always complain.

What do they complain about vs other people ?

Do they complain but still pay the rent ?

Then what is the problem ?

They will complain about things that are beyond my control, like No water, rain, flood.

Plus they will damage appartment fixtures and say they know nothing of it.

[zoom rader]

zoomrader. You work hard and sacrifice, get your apartments to make your life easier. You ever experience people who have nothing ,jealous you for it?

Yes mostly small islanders and real die hard PNM ppl. They think every non PNM ppl is rich and full of money but they don't know that there are loans, insurance , taxes and bills to be paid off. You can only see rewards when you pay off your these. They think you all rich all the time.

[The_Honourable]

Commercial landlords under pressure, says AREA head



ONE of the outcomes of T&T’s current economic position is that there is likely to be increasing pressure on landlords of commercial properties to reduce their lease rental rates, says Mark Edghill, president of the Association of Real Estate Agents of Trinidad and Tobago (AREA).

Speaking at the Building Alliances for Recovery series webinar last week Friday, Edghill provided his perspective on the real estate industry and an overview prior to the Covid-19 pandemic:

• Increasing commercial inventory due to economic conditions

• Businesses downsizing to smaller spaces

• Low interest rates and 100 per cent financing was attracting middle and lower-income buyers

• Job security was a growing concern for prospective buyers

• Lay-offs seen in large operations, public and private

• Government revenues declining and reduced spending

• Reduced consumer income.

He said the pandemic, and its associated closure of many businesses for three months, exacerbated several of the issues the real estate market faced before the lockdowns.

The economic impact of the collapse of prices in the oil and gas sector has led to reduced Government revenue, which will mean a cutback in spending by the State in the near future.

Lack of clarity about Government spending, plus the dislocation caused by the lockdown, is causing businesses to downsize and close their doors.

This is leading to further increases in commercial real estate inventory and pressure on landlords to reduce commercial rents.

Throughout the country, Edghill said, businesses are having to reassess their current position with respect to new operating procedures and protocols regarding staff and the access and contact with the public.

This is allied to the fact that true effects of the pandemic are not yet fully measurable.

On the bright side, the real estate agent said there are indications of interest in acquiring properties by people in the middle and lower income groups.

Edghill said what needs to be done in possible design expectations of office space is place more attention on special design and internal configurations based on use.

“What needs to be considered in the new normal is ventilation of individual workspaces, along with wider corridors, reduced capacity per square foot for common areas, more drive-through access for contactless transactions (banks, pharmacies, food service, offices); touchless features (automatic doors, washroom fixtures and fittings, light switches, voice-controlled elevators, etc) and washroom access without doors.

According to Edghill, the pandemic has caused a greater shift towards virtual offices for employees and business transactions creating less demand for commercial space, which the industry is now forced to grapple with.

Also speaking at the webinar was president of the Trinidad & Tobago Institute of Architects (TTIA) Ronald Ammon who said the retail industry is experiencing many challenges as shopping facilities are forced to restrict numbers due to the virus.

“We will have to wait and see how malls will adapt to the new social distancing requirements, while they still pay exorbitant rents to accommodate a premium shopping experience. This can add an additional challenge, as some customers can use online shopping to reduce their exposure to the virus.”

Ammon further noted that architects can assist with redesigning and upgrading the bus terminals along with the Piarco International Airport, to adapt to the new normal going forward.

The head of TTIA said the real estate industry is one of the many sectors that have taken a hit in the Covid-19 pandemic and coming up with innovative solutions must be paramount, in order to survive, post Covid.

Ammon said for far too long lack of proper legislation, poor planning and design considerations have been ignored by governments.

He said while this time can be depressing both financially and mentally for some, now is the time to develop the ideas for an improved built environment, which can help promote regional economic recovery.

“If Covid-19 persists, it will question the open plan layouts that architects and designers have been creating for the past few decades. Some local companies have already adapted from working at home or on a shift business and if the economic impact of the pandemic increases, would working from home be more widely adopted? What would become of commercial real estate, as spaces would become less attractive economically.”

He added that that the onus is now for architects to think ahead and propose design strategies in the new normal.

And, president of the Trinidad and Tobago Society of Planners, Victoria Hobday said a flexible and proactive response in these uncertain times is needed.

The TTSP is a body comprising urban and regional planners who work closely with architects in planning to improve business, commercial and residential space.

She outlined that planners must not stay stuck in the rut of policies and standards that are out of date and irrelevant to the challenges of covid, climate change and more.

“In the short term, the planning system needs to quickly clear the application backlog that got worse during the stay-at-home order. Moving forward, planners must keep abreast of the rapidly evolving situation, so that we can respond appropriately and quickly.”

Hobday noted that planners need to start thinking outside the box, as to how empty businesses spaces could be converted for other productive and appropriate uses, instead of applying policies that are no longer relevant.

The webinar was an initiative undertaken by the Trinidad and Tobago Coalition of Service Industries (TTCSI) and exporTT, which is geared at creating collaboration with the various service sectors.

Source: https://trinidadexpress.com/business/lo ... a87cc.html

[RedVEVO]

^^

Rent high ? Of course ..

Then they have to evade tax in a rubber slipper and pretend they fixing car for big big $$$$

This is to fool BIR people and then deprive T&T citizens of essential services via tax ..

Essentila services such as swimming pools and highway walk over ..

Yet dem driving X6 on new roads and saying the quality in not good