tag:blogger.com,1999:blog-4290779548756793963.post1329531413294664012..comments2024-03-11T14:36:37.736+04:00Comments on Oman Community Blog: Ramadan bonanzamuscatihttp://www.blogger.com/profile/15955758251080080159noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4290779548756793963.post-5068746660554189082007-09-19T15:40:00.000+04:002007-09-19T15:40:00.000+04:00jpA lot depends on its implementation. Let's hope ...<B>jp</B><BR/>A lot depends on its implementation. Let's hope 15% is meant for across the board.Al Nims Mediahttps://www.blogger.com/profile/10970805021887839221noreply@blogger.comtag:blogger.com,1999:blog-4290779548756793963.post-76014806517340598012007-09-19T15:32:00.000+04:002007-09-19T15:32:00.000+04:00Interesting. I'm normally all for the free market ...Interesting. I'm normally all for the free market in such situations and am not a big fan of such clumsy market interventions, but the problems in Oman with leaving it free are:<BR/>- expats don't have the option to buy or build a place, they can only rent. <BR/>- contracts don't seem to be very well enforced, enabling landlords to take easily advantage of tenants.<BR/><BR/>So, if it really means something, I could support this, as 15% seems a fair hike. But, as many people are on annual leases, presumeably the landlord can just not renew the lease and then charge the new tenant whatever they want. It will then just end up forcing lots of people to play muscial chairs with their houses and still pay more rent.<BR/><BR/>So I agree, it seems unlikely to work. Maybe just a way of being seen to do something, but not actually taking time to really solve the fundamental problems.<BR/><BR/>I hope it works though...Anonymousnoreply@blogger.com