Are You Living In An Investment Or Shelter?
August 6, 2008 – 9:40 am | by JohanNew Here? You’re Invited To Simon’s Town News Updates Subscribe here.
Well, if you are living in a shelter then you have no reason to complain, but if you are living in your investment then you have a problem with deflated house prices.
Interesting.
This is what iAfrica.com had to say in their latest newsletter:
Lower prices are good for almost everyone except those who view residential property as an investment rather than a shelter. And herein lays the problem. In this country people seem to view their home equity as a replacement for savings. If it wasn’t for forced monthly repayments most would have no investments at all. See your home for what it is — a place to live — and you’ll scoff at falling prices. Don’t keep all your eggs in one basket! Kabous le Roux
Personal Finance and Property Editor
True.
SimonsTownRealty: Sell, Buy A Simon’s Town Property? Phone Today 021-7864028 or 082 870 2004
How Do You Care For Your Second Home When You Are From Out Of Town? Ask The Local Eye To Take Care.
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