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...
To read this article and start a full year of unlimited online access, subscribe now!Subscribe Now
Already a subscriber?Login
Need to register for your premium online access,which is included with your paid subscription?Register Now