If they would drop rents to make it actually liveable here, the apartments would be filled. I pay the equivalent of a 4 bedroom house mortgage in the US every month for something that I will never own - and hey, may be kicked out of at whim because the tenancy laws are not enforced and decent people like me are terrorized by land owners with ZERO repercussion.
Kuwait! Be like Bahrain. You know: That little island down the way. Bahrain is allowing foreigners (that's right EXPATS) to buy apartments and with that you get a visa for you and 3 family members for 99 years. Their economy is picking up. Expats are (get this, Kuwait) HAPPY.
So let me get this right: Citizens are BMCing about a housing shortage and meanwhile these apartments are sitting empty? Aint that a thang. Why? Because even Kuwaitis can't afford to live in many of these apartments. And even if they can, investment companies are building apartments that are SO TINY that normal sized human beings (and their children) can't live in them. I've seen apartments that are so small that I could only fit my bed in the living room. Greed. Greed. Greed.
Kuwait would rather kick itself in the head repeatedly than to better its own economy.
31 May 2017