Interview: Herbert Jauch Calls for Radical Overhaul of Namibia’s Housing and Loan System
Namibia’s housing market is fundamentally broken and rigged in favour of commercial banks, says social justice activist Herbert Jauch, who is calling for urgent reforms to protect homebuyers and make housing more affordable for ordinary Namibians. In a strong critique of the current system, Jauch argues that the structure of mortgage financing in the country puts excessive risk on borrowers. “Right now, if a person who took out a […]