Some people have asked what low-income Mexicans do for housing. Buying a piece of land and building a little at a time has been the normal way in the past. However, today many more Mexicans are formally employed and have greater access to credit. Fonavit is one of the options many worker have when it comes to home loans.
So what happens if you only earn 300 dollars a month? If you are formally employed and registered with social security, you are entitled to a home loan. What do you get for that kind of money? Here is the list, it is meager, very small but is a starter home and it is a decent shelter. The house is complete in terms of windows, doors, bathroom and floor tile. There are no kitchen cabinets or appliances.
•18ft by 45ft lot
•460 sq ft of construction
•1 tv room
•1 complete bath •living room/dining room •kitchen •parking area •outside laundry area•Small grassy area
This has a double-edged sword. One, it brings some semblance of organization to city planning and provides dignified living conditions forcing rules for construction and building materials. The other side is that it creates high-density areas. These areas can become conflictive as young couples have children and become teenagers. My first house here 20 some odd years ago was interes social, but it was a lower-middle class one bedroom and added a second bedroom, purchased the empty corner lot next door to make a big yard. It was a nice neighborhood and we are still friends with some of our ex-neighbors. Some can be very nice and the price ranges, home styles, levels of living run from 20,000 dollars up to 50,000 dollars which can be very nice and even gated communities. The only problem, at least in the expensive Monterrey area is the small lot size leading to high density.
Also, you can imagine, the living space would be or is very difficult for two adults and two children at least on the lower end of the spectrum.