Once a week, Maria Celia Sanchez Correa visits a construction site on the outskirts of Mexico City where her two-bedroom, one-bath condominium is being built. For Sanchez, a 51-year-old single mother working as an administrative assistant at Mexico’s Supreme Court, this will be the first house she’s ever owned. Sanchez pays about $200 a month – deducted from her monthly salary of about $1,300 – to pay for her new home. Over the 30 years she’ll need to pay off her loan, the original cost of the...
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