tag:blogger.com,1999:blog-5851163370258594999.post4717739050054929779..comments2023-11-16T03:57:05.158-05:00Comments on The Cuban Triangle: Home sales on the horizon?Phil Petershttp://www.blogger.com/profile/06724525896667349935noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5851163370258594999.post-77535690180658320382011-04-27T11:06:40.093-04:002011-04-27T11:06:40.093-04:00I assume that buying and selling cars will be simi...I assume that buying and selling cars will be similar to what already happens with foreigners that are allowed to buy and sell cars.<br /><br />The process is to go through an intermediary company (ususally Cimex - Division Automatriz) as follows:<br /><br />1) The seller sells the car to Cimex who will pay an appraised value.<br />2) The seller takes the plates and the sales contract to the Policia Transito (DMV) and recieves a release form confirming the "baja" showing that they no longer own the car.<br />3) The seller takes the "baja" to Cimex to confirm they have handed in the plates and Cimex does what they do to take ownership.<br />4) A sales contract is arranged between the purchaser and Cimex and the car is paid for.<br />5) The purchaser takes the contract and other documents to the Policia Transito and obtains plates for the car.<br />6) The purchaser returns to Cimex with the plates to take possession.<br /><br />The question is how does the seller get the price they want when Cimex pays a lower price. Currently the difference is exchanged under the table so the purchaser has to compensate the seller for the amount he wants.<br />Maybe the state will allow the seller/purchaser to set the price and the purchaser will have to pay Cimex before Cimex pays the seller, with Cimex taking a commission/tax.<br /><br />I'm quite certain that cars will not be bought and sold directly between people. That would be a fundamental shift from the control structure they have over most transactions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5851163370258594999.post-38633346738087358362011-04-27T00:59:30.792-04:002011-04-27T00:59:30.792-04:00Great summary. Absolutely agree with you on foreig...Great summary. Absolutely agree with you on foreign ownership. <br />I would also venture to guess that there will be greater restrictions/ bureaucratic hurdles on ownership in historic areas like Havana Vieja and upmarket areas like Miramar.<br /><br />I also wonder what the new laws will do regarding abandoned and collapsed buildings, of which there are plenty in some pretty nice areas too.Antoniohttps://www.blogger.com/profile/04362254296359835033noreply@blogger.comtag:blogger.com,1999:blog-5851163370258594999.post-22746444037444404602011-04-26T20:47:59.053-04:002011-04-26T20:47:59.053-04:00Perhaps, this is a way to split the expatriate Cub...Perhaps, this is a way to split the expatriate Cuban community in half.<br />You will have some who will invest in Cuba, via the sending of funds etc. vs. those who are staunchly against any monies sent to Cuba. The other factor to take into consideration, and I think it might well be the reason for the continuation of the "old guard" is how revolutionary this is. I never underestimate Cuba, it's people and most of all, those on this side of the border (USA)brianmackhttps://www.blogger.com/profile/17218348094942589118noreply@blogger.com