Construction company accuses that bets compromise financing of properties in the Minha Casa, Minha Vida program.
Participation in online betting is creating obstacles for Brazilians seeking to acquire properties through the Minha Casa, Minha Vida (MCMV) program. The president of BRZ, Eduarda Tolentino, identified that the phenomenon of betting has mainly affected consumers in band 2 of the housing program. The situation was reported this Saturday (27) in an interview with Folha de S. Paulo.
According to the executive, clients with a monthly income of up to R$ 4.700, who make up band 2 of the MCMV program, face greater difficulties in obtaining and maintaining housing loans due to income commitments related to gambling.
“It certainly compromises the ability to obtain financing and to keep payments up to date. We have noticed this more in the second income bracket, for clients with incomes up to R$ 4.700,” says Tolentino.
Caixa Econômica Federal, the program's main funder, requires that applicants have no outstanding financial obligations.
“It’s a pain. To get financing through Caixa, there can’t be even R$1 of outstanding debt. Any restriction makes the buyer ineligible,” says the president of BRZ.
The practice of online betting has become very common. Is this a concern for the real estate market, especially for the "Minha Casa Minha Vida" (My House, My Life) program beneficiaries, who have a tight budget?
"It's painful. To get financing through Caixa, there can't be even R$1 of outstanding debt. Any restriction makes the buyer ineligible. And we're seeing a scenario of inflation, things rising a lot, and the client's ability to pay being squeezed, even though the [MCMV] program is reaching record demand."
This issue of betting is so complex and structural because there is still no regulation, and there are sponsorships and huge sums of money from the main football teams in Brazil and the world. In this scenario, it generates a much higher level of complexity, even for creating legislation.
"It certainly compromises the ability to obtain financing and to keep up with payments. We've noticed this more in the second income bracket, for clients with incomes up to R$ 4.700."
Comment
It borders on irresponsibility for the businesswoman to claim that "This issue of betting is so complex and structural, why isn't there regulation yet?", since the betting sector is currently fully regulated with strict rules for operation and responsible gambling.
It's striking how other segments of society create narratives against sports betting and online gaming platforms to justify their perceived incompetence and poor performance.
