Unlike the PPP/C’s housing policy, which allows new homeowners to access ???????? ???????? ?????? (???) and benefit from what is effectively an ????????-???? ????????, APNU’s plan locks people into a deal with hidden costs.
?? ??? ??????? – Rent-to-own buyers would lose out on millions $$ in savings that PPP/C homeowners enjoy. ???????? ???????? ????? – APNU’s plan hides the costs in the rent, eroding affordability over time. For example, on a loan value of $10 million @ 5% interest maturing in 20 years, monthly instalment will be around $65,995. This implies an annual interest payment of $292k, or $5.838 million over the life of the loan. This means that under the PPP/C’s current housing policy, on a loan of $10 million, first time home owners stand to save close to $6 million in interest payments over the life of the loan. Conversely, under what APNU proposes, imagine paying a monthly rent of $66,000 for a $10M residential property, you will effectively be paying close to $6 million in interest payments (implicitly).?? ?????? ???????? – As principal balances are written down, homeowners cannot leverage the value of their home to secure capital for business ventures or personal growth.In other words, APNU’s “policy” isn’t empowering – it’s disempowering.
In contrast, the PPP/C continues to deliver ???? ?????????, ???? ???????, ??? ???? ????????????? ??? ???????? ????????, ??? ???? ???????????, ???????? ?? ??? ?????????? ?? ?????? ???????? ??? ??????????.