This past Sunday, Chavez promised to build two million homes over the next six years, a lie that is pathetically self evident.
Chavez' promise is even more outrageous when we stop to think that during this long, 12-year period that he has sat in Miraflores, the average number of houses built per year has been only 24,300, or some 300,000 in all. This is the worst performance in the area of housing in all Venezuela's democratic history, made even worse by the fact that he is the President who has been in office for the longest period over the past 70 years.
Who, then, can believe that Chavez will be building 913 homes per day? Or that this government will be able to build 578 12-storey buildings, with four apartments per floor, every month?
To begin with, Venezuela lacks the wherewithal to achieve this housing feat. Home construction costs approximately Bs.F.5,000 per square meter, including utilities and land development. In other words this would require, at the very least, an investment of Bs.F.500 billion, the equivalent of 2.5 times the central government's annual budget.
http://www.vheadline.com/readnews.asp?id=101074Stupid right-wingers and their facts and figures. more at link.