12/31/2004

Fine Print

I am in a bit of a frustrated snit today.

As some of you may recall, two weeks ago Z's name came up to receive a loan for a certain amount from the government towards the purchase of a home for us. The loan amount is repayable at very reasonable monthly installments for what seems like forever. A great opportunity, huh?

Yeah, we thought so too. But it would seem there are a few snags. Or speedbumps.

Man is that the understatement of the month!

Snags my sweet ass. The fine print is a bitch, I tell you. What follows is sure to give my Bahraini readers a real chuckle, since I rarely rant on the situation here (ok. Other than the currently changing and re-done infrastructure.) But I just HAVE to get this off my chest, cause, well, I'm pissed.

Great. They will give us BD (Bahraini Dinar) 40,000. which is the maximum amount given to purchase an existing house. Thank you very much. Awfully kind of you. It is most appreciated. Granted it IS more than we have to hand, but still, there are a few weeee problems.

Ready for the catch (es)? Here you go:

1) You have 3, yes THREE months to find a place to buy that the government approves of. (yes, they must do an inspection and approve the purchase.)
2) If at the end of 3 months, you have not found a place to purchase, you must go to the Ministry and do some SERIOUS ass kissing to get a 3 month extension that they may or may not give to you. If they don't give you the extension guess what happens? (see 3 below)
3) They take the money they have allotted for you away and give it to someone else. Well shit. Move your ass then Scarlett, right? I HAVE BEEN! I HAVE BEEN! But I'm not quite done yet.
4) The government started this program in the mid-late 70's. With the same amount allotments. (See where I'm going with this? You're smart. I bet you do!) Yeah. The allotments have not been increased in a coon's age. Unfortunately or fortunately for people that bought up land and houses way back when, they are rolling in it now and making a killing, because property is freaking SKYROCKETING y'all. Good for them. But me and Z and all the other suckers that got their money this year? We're fucked.
5) Because now? You can't buy jack shit for BD 40,000., that's why. I'm serious. Diddly squat. So take a mortgage loan, you're thinking right? Not so fast smarty-pants. Because now we get to some serious fine print.
6) No bank will give you a mortgage loan for the remainder of a house you want to buy because: The government holds the deed to the house until you've paid them off and they don't like to share. Nope. So. The commercial bank wants the deed too. So. NUH-uh. A private loan then? Oh don't worry, we thought of that too. Small, itsy bitsy problem.
7) The new law that takes effect on SATURDAY, January 1, 2005. This law does not let you take a personal loan for more than BD20,000. Which guess what? Still, really isn't enough to buy anything. I. shit.you.not. *grrrrrrrr, cussing, grrrrrr* I saw a house that was almost as old as I am (and not in as good a condition! Heh. Ok, seriously? It looked like it was gonna fall down any day now.) that was… BD75,000. (For those of you that thought you heard cursing on the wind, it was me, don't worry, you're not hearing things.)
8) The company you work for has to be on an approved "list". Of which, Z's company, is not. Hence, we've gotten more "sorry Z, you have a great salary, but Fock off cause we don't recognize XYZ Co." remarks from the banks than I care to admit. (and Bahraini's, yes, this is WITH wassta – translation: Connections) We are still waiting to hear from one last one. Pray, willya?

Overall, the Government needs to wake the hell up and realize that these loans, while given with all good intentions, DON'T REALLY DO SHIT ANYMORE. They need to up the anty, basically. If you want to help the people, HELP THE PEOPLE, don't fuck them anymore than they already are. Jeez.

Anyway.

So my job, beyond finding a house and calling what people I know? People I've called. Wracked my brain for a solution I've done. Houses? I've got a couple picked out but the price is increasing by the week and they are selling like hotcakes. Seriously. There is still the house I've been enamored with for 6 years but now? The owner is being kinda bitchy and wants to play games. Ugh. Does that sound very smart on her part seeing my mood and my experience in the real estate market in the US? Um, no. I can rattle off to her FACE 20 reasons why she shouldn't even TRY and up the price on a house that she hasn't been able to offload in 6 years despite the fact that it is very well designed and built. (No 1 is that it is more a western style, which doesn't really appeal to all that many locals) She probably thinks I put "the eye" on it and that is why it hasn't sold. Pshaw. It isn't my fault that when I walked in there those years ago when it was under construction I felt I had come home and instantly fell in love with it? No, it sure isn't. Z felt the same when he saw it.

But wait, I'm jumping ahead of myself, because guess what? That house has never cost 40,000! So, before I whip her butt into submission, I need some ammo, ie: money, ie: the damn loan from the commercial bank.

*sigh*

Then, tonight,Z had this bright idea for the umpteenth time that I should ask my Dad for the money.

After I inquired if he was high on something,HAAAAAAH! ,in my head I thought "Sure, he will give me that money to hand over to you to buy a house that cannot legally have my name on it!" So I explained the following to him. That honestly? I know better than to ask for more than one reason. 1) His standard answer is "you have a husband now, it isn't my job any more." which, really, is true. 2)Not that I really ask him for anything, because, well, I know my Dad like the back of my hand. Dad is an excellent one for excuses. I mean, when I really needed some help and was in a bad way, he knew it, and just said "oh, that's too bad" and changed the subject. Not that I asked, cause, well, I'm not STUPID, and why set myself up? But I did hint strong enough to knock an elephant over. 3) His second favorite reply to or about me is "She made her bed, and now she has to lie in it..." yadda yadda yadda. This is standard reply for all 4 of his children once they hit the age of 18.

Also? What I DIDN'T tell Z so as not to hurt his feelings, was that in case I did ask him to give money for the house, there is another reason he wouldn't give it, no matter how many painkillers he had injested that day. 4)He would ask" Is SHE going to live in it?" (MONSTER) and, all of you know the answer, so, his answer, when he stopped laughing would be" HELL NO! You want me to give money to you to buy a place that doesn't have your name on ONE share of the deed, to give a place for that witch (ok, he uses the B word to refer to her) to live and continue to make you miserable? I know you are smarter than that!" SO, I also had to deal with Z pouting like a 3 year old that didn't get a toy he wanted because I refuse to humiliate myself in that way. Trust me, there is nothing worse than MY Dad laughing at me and wondering when I got hit up the side of the head with a stupid stick when he wasn't looking.

So, no loan from Daddy. (If my Mama read this, she will laugh her butt off, cause she knows NO WAY he would help and that I'm right with all my reasoning!!) Because, well, he is smart and logical. Oh btw dad, can you just wire over 115,000 bucks? Thanks a lot.

Stupid stick indeed! Now back to more logical and intelligent plotting.

Just so you know, we did have the idea that if we can't buy a house with that money, perhaps we can buy a piece of land. Small, itsy problem. It's almost impossible to find a piece of land for sale for less than 60,000. So still? We are Screwed, with yes, a capital S.

If anyone has any bright ideas, let me know, hmmm? Cause I'm fresh out, and in these things, I'm usually pretty damn good.

HELP!

At the strike of midnight on December 31, I'm watching my dreams of a house disintegrating. Fucknugget.

Happy New Year Y'all. *smooch*

2 comments:

Mare_Imbrium said...

I'm so sorry to hear about your problems. I completely sympathize with crazy housing markets - I live in Southern California. Unfortunately as I realize it would be laughable to even try, I have never gone farther than looking at open houses and feeling miserable about it, so I don't have any advice for you.
I will think good thoughts (or evil eye thoughts against the owner, maybe) that the house you loved will be yours soon.

Catrina said...

I know how frustrating it is when you're looking for homes. We looked for months and months, and made many offers on homes. It was so discouraging at times...That plus the inability to get pregnant makes for one bitchy wife. But we finally found a great house in Burbank.....The problem is after spending a butt-load of cash to get into the place and fixing it up, we kind of ran out of money to furnish it! We came from an apt. so we didn't have much. I wish I had some advice for you Cyn, but I don't have any ideas. I certainly can feel your pain.....I will think positive thoughts for you guys though!