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An Exit from the Caribbean Housing Trap

April 20, 2017

The Caribbean is caught in a housing trap. The cost of living is high: building a house in Kingston is three times more expensive than in a typical Latin American city. This has left ten million people in The Bahamas, Barbados, Cuba, Dominican Republic, Guyana, Haiti, Jamaica, St. Lucia, Suriname, and Trinidad and Tobago without a decent roof over their heads. Building adequate housing for this population would cost about $18 billion – a number that only grows as the rising cost of living pushes more people out of the market. Without action, conditions will worsen, as more than 80 percent...

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