People investing in property should never overextend themselves. There should always be some room in you monthly budget in case the interest rate increases. For people in lower income groups it is best to buy a fixer-upper property which can be renovated over time and then sold for a higher price. the profit can be invested in a better property even though it might be a fixer-upper again. yes it would take time but this is the way to step up to the property that you ultimately want to reside in.
Shame I think people losing their homes because they can't pay their bonds is going to start increasing dramatically. This is going to end very badly for so many people.
Even though the property has been registered in your name, the bank still holds the bond until the bond is fully paid. The bank then have the power to repossess the property and sell it to recoup money owed t the bank.
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People investing in property should never overextend themselves. There should always be some room in you monthly budget in case the interest rate increases. For people in lower income groups it is best to buy a fixer-upper property which can be renovated over time and then sold for a higher price. the profit can be invested in a better property even though it might be a fixer-upper again. yes it would take time but this is the way to step up to the property that you ultimately want to reside in.
Shame I think people losing their homes because they can't pay their bonds is going to start increasing dramatically. This is going to end very badly for so many people.
How can I be an owner while paying monthly installments, it’s more like I’m a holder 😂
Even though the property has been registered in your name, the bank still holds the bond until the bond is fully paid. The bank then have the power to repossess the property and sell it to recoup money owed t the bank.
2 bedroom, 1 toilet and installed kitchen Property of R1 000 000 😂🤣🤣 eMzansi niyasinyisa 🚮 this is unfair it's suppose to be R150 000 to R200 000..
its worse in cape town
Remember location matters
To have credit property like slave ,must abadon loans.
A million “bucks”
Wow....as we say in Afrikaans. Die een se dood is die ander se brood.
Sad but true