Simon’s Town Real Estate News

Are You Living In An Investment Or Shelter?

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.