What is going on in Jamaica 🇯🇲,. Are we getting a great salary. Can you imagine paying rent for a 2bedroom for $110.00 that does not mean you have other bills to pay. This is so sad.
Is a gated community ppl with lots of amenities wah kinda price unu a expect to see for a house in a gated community. In viewing this house bear in mind your power of choice, u can take it or leave it, love it or hate it. Whatever choice u choose to embrace continue on with your day living life and loving God. Oh and Jesus loves u for freeee❤❤❤no conditions apply.
These house so ugly no space no fencing no appliances nothing just a little box the 24 hour securety can stay i have friend from Scotland who was rob down there in Jamaica in cated community these house should be low income people house these little house should be renting for 400us period
Based on these comments, I wish the homeowners would stop renting and allow these people to go and get their own properties. We keep complaining about paying someone else's mortgage, so if that's the case, please save your money and secure your own mortgage. Only then will you have an appreciation for those renting. If the property is not to your liking, move on. If it's outside your pocket range, then find a property you can afford. It's as simple as that.
These are homes for Jamaicans who are ready to come.from from living abroad. I'm 2nd generation .interested because north America I don't think it will get any better than it is. I'm.good for the challenge of Jamaica I just would like a bus route running close just for peace of mind getting to amenities such as grocery clothes shopping medical clinic, restaurant, pharmacy and convience stores. It's just important to me. I need to make sure I can get around Jamaica and I'll come..
People would have to put money into this property.. It's still nice though. A full house of furniture Washer and dryer they would have to purchase The sink in the kitchen is too small but at least the basin is in the back so it's ok. You could at least wash a big pot in the back! I like the tile it's nice and fresh looking. Why didn't they put a small island in the kitchen? People would have to purchase one for the kitchen because where's the prep area? The bathroom is good the mirror in the bathroom needs to be larger. I'd give it a 9/10 It's just the added work people would have to put into it. I'd take it anyway..better than being.homeless. Thanks for sharing
Are home owners not allowed to decide how much money they will rent or list their homes for? People constantly making assumptions about what their mortgage is and how they are making a profit, it’s called being a LANDLORD they can do whatever the hell they want , kmt ignoramus people dem Unu just bruk and miserable, if you cannot afford it move on quietly and stop the foolishness kmt
Another salient point to make is that fact that the mortgage for a unit like that which would have been acquired for about 15 million isn't very far from the rent being asked for.
I love your videos, but the air conditioning unit just means you will pay more for the electricity bill ...it is not a free additional benefit included in the $110k
I can’t believe how bad renting got in Jamaica. $110,000 for rent in a country where minimum wage is $9000 is absurd. 1. There is inflation and then there is hyperinflation. Too many people “investing” in rental properties they simply cannot afford and because of their high mortgages, the rentals are off the charts. That or they’re just greedy talking about “market rate rent”. Jamaica infrastructure is not a first world country. 2. The financial infrastructure is crazy. The interest rates on mortgages in Jamaica is absolutely criminal. And these 30 year mortgages will be a huge loss in the long run. I wish people would think before following these insane trends. And I understand these are majority Jamaicans overseas who simply lack financial knowledge. 3. Not to mention these schemes look like mental health ward communities. Lacking individually and creativity. Why the heck they look so monotone and all the houses look the same. The actual insides are poorly laid out and ugly. Its giving jail. It gives me the heeby geebies. I’m usually not this negative tbh but this is out of hand.
Wherever you go in the world you will find exorbitant rental prices. Property prices are driven by demand and supply therefore the individuals who are renting these premises can afford them and has no issue paying that amount. Look at even New York where people are paying exorbitant fees to live in apartments where they hardly has space to move around
@@jfamous3169my points still remain. These Phoenix houses are $16 Million if I’m not mistaken. That’s $105K USD. Because of the crazy mortgage rates some people who barely put any money down are looking at mortgage payments of around $850 USD which is why renting at $100K seems fair right. But then you have individuals who buy these with 50-100% down who still rents at the “market rate” which to me is crazy. My rent rn is $1400 USD. The house I live in is a new built and costs about $440,000 USD just to put things into perspective. And I just moved in last September. That tells me that my landlord put a nice down payment down and is charging a fair rate instead of a hyper-inflated one. No one should be paying for a landlords entire home and then some, it screams bad investment.
@@tanialuv4920 I can tell this, if your landlord bought a house for $440k and is only renting it for $1400, he made a terrible investment. That is a gross return of 3.8%, that means the actual cap rate (net of expenses i.e. insurance, HOA fees, property taxes) is less than that. Normally, investors are looking at least a 6-7% return, maybe 5% if the area is very good. He has lost before he even started. Also, given that your rent is $1400, you are no where near a major city center, which Portmore is (less than 30mins with no traffic and just under an hour with normal traffic from the capital). Near cities, rents are at least $2000 for a one bed or studio apartment. Persons need to stop under selling Jamaica like it is not valuable. Cayman, St. Lucia, Bahamas all have similar or less advanced infrastructure than Jamaica but their real estate values are much higher than ours. Our problem is not the value of the house, it's income, our GDP per capita is just simply to low. We need investors and entrepreneurs (preferably from the diaspora) to help build our country and we need to stop trying to tear down any sign of advancement the country is making.
The Jamaican government etc is simply providing all these houses for Jamaicans overseas who are better able than us out here to purchase. Which is unfair.. then all they do is make it into an air bnb or for rental purposes. They need to provide better priced homes where us Jamaican living here and paying taxes can be better able to afford it. The lil nhf loan is not even enough for a single applicant to come close enough to affording one of these properties and on top of it THEY ARE ALL MATCHES BOX!!! I feel like screaming
Majority everybody renting property in Jamaica they have children I don’t see no space there the kitchen and the living room that’s too tiny there’s no space no work area for you to park anything and if you have a three-piece couch we are gonna put it. There’s no space why they making these apartment in Jamaica like a box I don’t understand that’s too small. If you have a family of four that’s a tight tight piece and they’re renting them for so much money my God you have no land can’t do nothing what you’re paying for just a box Jamaican people command man really developers supposed to do better there’s no space you can do addition unless you’re going up in the ear For me that’s a no no sorry🇬🇧
No property is for everyone in its makeup or price. Just like how someone bought it because they personally liked it or could afford to, similarly someone will rent it because it suits their needs. You are just broad brushing the whole thing
@@MomentsbyBoothe you are the agent so you can say what you want to say. You’re getting commission so you don’t care face reality the average Jamaican they’re working for the month. They are not earning £300 for the month so there’s no way these people can pay those bills so I don’t know where you’re living people want to live comfortable about end of day this is just highway robbery right? Are you guys know what you’re doing? This is Margaret money so people must work and pay marriage for the person who buy this property. You guys have a bloody love I wish you Jamaica and the best because that could happen over here in the UK.
This is an investment no matter the size it's an investment. We buyers have to look at the bigger picture, 1st home doesn't have to be the dream home but hey to each his own
Mortgage for this place is 112000 monthly without NHT with NHT its 77000 per month when I did my calculations using NCB mortgage calculator... the owner is using people to pay his mortgage
Your calculations are wrong. Provide the breakdown. Whats the purchase price, whats the deposit amount? Whats the interest rate? Is it variable or fixed?
Thats why the Rent Board is to get up off dem buttocks and do its job. Landlords are supposed to register their properties and the Board is to assess the rent. However this does not happen more than half of the time. I suspect because they and their friends are benefiting from these overpriced rents. Who is overseeing/ monitoring the Rent Board?
No man I'm looking through these comments and y'all are a bunch of comainers. We really care bout the design of the grill cuz me personally just wah know if me safe.
Gores makes the Worst houses. The very worst. You tell me who another developer making house and not even give you a walk way?? Tell me Sir. Gores just drop houses. No Drive way. No Retaining Walls. They need to do better.
There is no need for a retaining wall. There is nothing to retain. The reason why no landscape or drive way is done is to keep prices down. You ask which other developer not giving you this, I would pose this to you and ask is any other developer giving those things AND selling cheaper than Gore?
What is going on in Jamaica 🇯🇲,. Are we getting a great salary. Can you imagine paying rent for a 2bedroom for $110.00 that does not mean you have other bills to pay. This is so sad.
This is just sad. I hope I can find a manageable mortgage one day.
It includes clothing groceries light water and Internet
The harsh reality of real estate. Please are renting them for these prices so that means people can afford or find a way to
Unfortunately not
This is the dream
Is a gated community ppl with lots of amenities wah kinda price unu a expect to see for a house in a gated community. In viewing this house bear in mind your power of choice, u can take it or leave it, love it or hate it. Whatever choice u choose to embrace continue on with your day living life and loving God. Oh and Jesus loves u for freeee❤❤❤no conditions apply.
A gated community that people still don't feel safe in, that they have to be installing burglar bars (grills)
These house so ugly no space no fencing no appliances nothing just a little box the 24 hour securety can stay i have friend from Scotland who was rob down there in Jamaica in cated community these house should be low income people house these little house should be renting for 400us period
Based on these comments, I wish the homeowners would stop renting and allow these people to go and get their own properties. We keep complaining about paying someone else's mortgage, so if that's the case, please save your money and secure your own mortgage. Only then will you have an appreciation for those renting. If the property is not to your liking, move on. If it's outside your pocket range, then find a property you can afford. It's as simple as that.
Thank you sir for this comment. If they know how much goes into owning a home(money😢), they will know the rent is jus a drop in the bucket
These are homes for Jamaicans who are ready to come.from from living abroad.
I'm 2nd generation .interested because north America I don't think it will get any better than it is.
I'm.good for the challenge of Jamaica I just would like a bus route running close just for peace of mind getting to amenities such as grocery clothes shopping medical clinic, restaurant, pharmacy and convience stores.
It's just important to me.
I need to make sure I can get around Jamaica and I'll come..
People would have to put money into this property..
It's still nice though.
A full house of furniture
Washer and dryer they would have to purchase
The sink in the kitchen is too small but at least the basin is in the back so it's ok.
You could at least wash a big pot in the back!
I like the tile it's nice and fresh looking.
Why didn't they put a small island in the kitchen? People would have to purchase one for the kitchen because where's the prep area?
The bathroom is good the mirror in the bathroom needs to be larger.
I'd give it a 9/10
It's just the added work people would have to put into it.
I'd take it anyway..better than being.homeless.
Thanks for sharing
I certainly wouldnt go so far to say the $110,000 is a steal'
Find me a better Phoenix 2 for rent at the price and we can talk
Are you sure it has a pump and not a water filter?
It is indeed a filter
Are home owners not allowed to decide how much money they will rent or list their homes for? People constantly making assumptions about what their mortgage is and how they are making a profit, it’s called being a LANDLORD they can do whatever the hell they want , kmt ignoramus people dem
Unu just bruk and miserable, if you cannot afford it move on quietly and stop the foolishness kmt
It is the most annoying thing! They have no idea what someone’s financial situation is.
Another salient point to make is that fact that the mortgage for a unit like that which would have been acquired for about 15 million isn't very far from the rent being asked for.
Is this property come with food and utilities?who are you guys renting to
The property u showed from colbeck manor for $80,000 is wayyy better than this … pantry space, nicer cabinets and countertop plus WAYYY BIGGER!
I STRONGLY AGREE WITH YOU
At that price point, people should be paying their own mortgage, and not be paying the mortgage of the landlord 😮
And y'all should.
The 3 air conditioning really needed overthere it's hot like hell
The living room AC will be put in after a few months
Always great content Mr. Boothe
Very reasonably priced are u serious ???? With the first month rent and deposit he the owner can install the ac upfront !!!
Good advice fan and grill
Bless up
Imagine paying so much for a property in a Gated Community and still have to grill up house
That’s what renters want, it is not a necessity but most people renting want it
I want the same amenities as north America around.
Jamaican style of course.
This is the downside to gated communities, the rent is very too expensive for the average Jamaican. This is more tailored to the airbnb market.
I love your videos, but the air conditioning unit just means you will pay more for the electricity bill ...it is not a free additional benefit included in the $110k
Sigh I like this house but going through these comments was quite depressing. This is enough internet for today
not bad
I can’t believe how bad renting got in Jamaica. $110,000 for rent in a country where minimum wage is $9000 is absurd.
1. There is inflation and then there is hyperinflation. Too many people “investing” in rental properties they simply cannot afford and because of their high mortgages, the rentals are off the charts. That or they’re just greedy talking about “market rate rent”.
Jamaica infrastructure is not a first world country.
2. The financial infrastructure is crazy. The interest rates on mortgages in Jamaica is absolutely criminal. And these 30 year mortgages will be a huge loss in the long run. I wish people would think before following these insane trends. And I understand these are majority Jamaicans overseas who simply lack financial knowledge.
3. Not to mention these schemes look like mental health ward communities. Lacking individually and creativity. Why the heck they look so monotone and all the houses look the same. The actual insides are poorly laid out and ugly. Its giving jail. It gives me the heeby geebies.
I’m usually not this negative tbh but this is out of hand.
Check your minimum wage facts but you have some talking points
Wherever you go in the world you will find exorbitant rental prices. Property prices are driven by demand and supply therefore the individuals who are renting these premises can afford them and has no issue paying that amount. Look at even New York where people are paying exorbitant fees to live in apartments where they hardly has space to move around
@@MomentsbyBootheminimum wage quoted is a lil under LIKE LITERALLY A LIL UNDER WHAT WAS QUOTED!
@@jfamous3169my points still remain. These Phoenix houses are $16 Million if I’m not mistaken. That’s $105K USD. Because of the crazy mortgage rates some people who barely put any money down are looking at mortgage payments of around $850 USD which is why renting at $100K seems fair right. But then you have individuals who buy these with 50-100% down who still rents at the “market rate” which to me is crazy. My rent rn is $1400 USD. The house I live in is a new built and costs about $440,000 USD just to put things into perspective. And I just moved in last September. That tells me that my landlord put a nice down payment down and is charging a fair rate instead of a hyper-inflated one. No one should be paying for a landlords entire home and then some, it screams bad investment.
@@tanialuv4920 I can tell this, if your landlord bought a house for $440k and is only renting it for $1400, he made a terrible investment. That is a gross return of 3.8%, that means the actual cap rate (net of expenses i.e. insurance, HOA fees, property taxes) is less than that. Normally, investors are looking at least a 6-7% return, maybe 5% if the area is very good. He has lost before he even started. Also, given that your rent is $1400, you are no where near a major city center, which Portmore is (less than 30mins with no traffic and just under an hour with normal traffic from the capital). Near cities, rents are at least $2000 for a one bed or studio apartment. Persons need to stop under selling Jamaica like it is not valuable. Cayman, St. Lucia, Bahamas all have similar or less advanced infrastructure than Jamaica but their real estate values are much higher than ours. Our problem is not the value of the house, it's income, our GDP per capita is just simply to low. We need investors and entrepreneurs (preferably from the diaspora) to help build our country and we need to stop trying to tear down any sign of advancement the country is making.
Great video🔥
Thank you 😊
@@MomentsbyBoothe no problem!🫶🏾
Where's the petrol station?
So me really haffi put up $220,000 upfront for deposit and first rent … and place not even all that … this is heights of wickedness…. Yowwww
110 ,000 per month to rent snd and the mortgage is 70,000
How do you know an individual’s own personal financial situation?
It’s not cheap to buy a house so they have to rent to cover their mortgage.
which is ridiculous and needs to stop
The Jamaican government etc is simply providing all these houses for Jamaicans overseas who are better able than us out here to purchase. Which is unfair.. then all they do is make it into an air bnb or for rental purposes. They need to provide better priced homes where us Jamaican living here and paying taxes can be better able to afford it. The lil nhf loan is not even enough for a single applicant to come close enough to affording one of these properties and on top of it THEY ARE ALL MATCHES BOX!!! I feel like screaming
Private developers
@@pamelamcpherson8377 yes I know that’s why I put etc, I do blame the government though !
Why the rent so high here
Plus bathroom layout is weird, why as me enter the bathroom me buck up inna toilet kmdt
Majority everybody renting property in Jamaica they have children I don’t see no space there the kitchen and the living room that’s too tiny there’s no space no work area for you to park anything and if you have a three-piece couch we are gonna put it. There’s no space why they making these apartment in Jamaica like a box I don’t understand that’s too small. If you have a family of four that’s a tight tight piece and they’re renting them for so much money my God you have no land can’t do nothing what you’re paying for just a box Jamaican people command man really developers supposed to do better there’s no space you can do addition unless you’re going up in the ear For me that’s a no no sorry🇬🇧
No property is for everyone in its makeup or price. Just like how someone bought it because they personally liked it or could afford to, similarly someone will rent it because it suits their needs. You are just broad brushing the whole thing
@@MomentsbyBoothe you are the agent so you can say what you want to say. You’re getting commission so you don’t care face reality the average Jamaican they’re working for the month. They are not earning £300 for the month so there’s no way these people can pay those bills so I don’t know where you’re living people want to live comfortable about end of day this is just highway robbery right? Are you guys know what you’re doing? This is Margaret money so people must work and pay marriage for the person who buy this property. You guys have a bloody love I wish you Jamaica and the best because that could happen over here in the UK.
This is an investment no matter the size it's an investment. We buyers have to look at the bigger picture, 1st home doesn't have to be the dream home but hey to each his own
Water filter, not water pump.
Bless up
Not in St. Catherine..sorry..It is almost Blasphemous to go out there and rent at such a price..
What parish would you rent for $110,000 in?
@MomentsbyBoothe Kingston city...
If no one rent they will have to do better .my advice don't rent and see what property owner will do
4:50 good luck to all the persons who have it to pay that 110 grand i throw partner an get 200 grand in 7 months so ill save an build my own.so sad
The fan is too close down in the kitchen thou. Everything is simple and nice thou
That’s where the developer has the electricals for a fan
Mortgage for this place is 112000 monthly without NHT with NHT its 77000 per month when I did my calculations using NCB mortgage calculator... the owner is using people to pay his mortgage
Your calculations are wrong. Provide the breakdown. Whats the purchase price, whats the deposit amount? Whats the interest rate? Is it variable or fixed?
@@tonywilliams643 110000 is literally mortgage payment... you must be the owner
Thats why the Rent Board is to get up off dem buttocks and do its job. Landlords are supposed to register their properties and the Board is to assess the rent. However this does not happen more than half of the time. I suspect because they and their friends are benefiting from these overpriced rents. Who is overseeing/ monitoring the Rent Board?
The REB oversees the rent board. They are a very welcoming set to consumer concerns. You can give them a call for sure.
Worst grill designed I've seen.
Thanks for the feedback
No man I'm looking through these comments and y'all are a bunch of comainers. We really care bout the design of the grill cuz me personally just wah know if me safe.
@DaughteroftheKing... You have to care dear. The horizontal gaps are too wide and remember there's no perimeter fence.
Gores makes the Worst houses. The very worst. You tell me who another developer making house and not even give you a walk way?? Tell me Sir. Gores just drop houses. No Drive way. No Retaining Walls. They need to do better.
No driveway? Now you just talking out your ass
There is no need for a retaining wall. There is nothing to retain. The reason why no landscape or drive way is done is to keep prices down. You ask which other developer not giving you this, I would pose this to you and ask is any other developer giving those things AND selling cheaper than Gore?
@@gstar876everyone wants Oak Estate or Port Ridge homes with Phoenix price.
It no worth it
These people so greedy.doesnt value more than fifty thousand