I'd rather rent than buy again....had a 3 br flat, 2 toilets garage and all....then the increases came and my payments went up almost R1000, then the levy went up...then power....suddenly you don't have any money....screw the buying....
In ten years you will look back and see what you have paid out and will think differently.
Not really....in 10 years the government might have decided to reform the land and sponsor your nice place to some "disadvantaged" traffic cop.....
or they wanna build a new stadium and they force you to sell it for half of what you paid....
or they burn it down because of the apartyd era....like that was your fault
I say....if I don't have a home for them to take I am happy....I just move somewhere else...
Talking of throing money away....keep on paying a bond with a payment of R7000 rand over 10 years not even mentioning the increases....then something happens and you loose everything......sad.....
THAT IS THROWING MONEY AWAY.....
Remember this is my opinion.....I've been there....maybe youl'e be lucky and all goes well, great for you, but once you've been there you realize the trueth behind the trueth you did not expect.
Keep thinking that, the few of us that own and rent out live easier :-p
There is only one true value, that is property/land.
Paying rent = permananet loss, no matter how you think if it, usualy its only marginaly cheaper than a bond as well..
Owning a house at least gives you a chance to recoupe even if it does go downhill. The only way to loose all your money owning a house/property is if you have it repossessed and you have very little of your capital paid off.
Last edited by RAW on Fri Aug 29, 2008 2:32 pm, edited 1 time in total.
Good luck getting someone with a mil to buy it from you....
It's obvious....if you own one and renting it out, great...you are making some money, if you have enough money to be able to pay for a house costing you R7000 to R10000 for the next 30 years and deal with all the other hikes....great you are better off than the other 90% and thats great.
Unfortunately if you baught in the last year or two and you can't afford the hikes and taking into consideration that the market price is falling....oops....I have a bond for R800 000.....I have been paying for the last year....2....3...4....5.....now I can't pay the premium no more....and the best offer I can get is R600 000 or R700 000.....o boy.....sparky has screwed me over....or something else happens....you loose....my point is things have changed since you baught your house 10 years ago....it's not so easy anymore...
That's beside the point, Gary has baught him a wonderful home and made it look beautiful, I senserely hope it will work out for him.
Wow, Gary! Thats looking amazing. Well done, I knows it been alot of hard work but it really shows. I escecialy like the way you have mounted the flatscreen. Looks awesome! You just need an xbox 360 or a P$3 to finish it off
Now, you need to get get the exterior sorted so you can get back to working on your sx
I'm super impressed! Having mixed cement myself for the first time today, I know how much hard work went into your place, and it looks awesome. Well done!
Red 200SX S13, 1992, stock. <a href="/phpBB3/viewtopic.php?t=332">Engine rebuilt (click)</a>.
Yeah Trance PS3 will come but not any time soon . We will start on the exterior next and the master bedroom, shouldnt be that much of a big job (although I said that when we were starting on the interior). I dont have many mods I want to do to the sx so that will just be the way it is for a while, will get big brakes on the back soon though.
Toby I mixed about 10m^3 of cement and yes it is a kak job .
DriftZ: "I swear if a CA18 beats my SR im getting a RB!"
. She is my brothers (the guy with no shirt on) girlfriend.
. We will start on the exterior next and the master bedroom, shouldnt be that much of a big job (although I said that when we were starting on the interior). I dont have many mods I want to do to the sx so that will just be the way it is for a while, will get big brakes on the back soon though.
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