@Tsogang3 ... Buying a house gives you a life time opportunity because it's value increase every year and it's a good investment that they don't want to see people making money, rather coming to the bank requesting more money
@Tsogang3 Reason being that banks make money on Liability not on Assets.
You buy a car that needs daily maintenance which will requires you to come back for more money from the bank.
Dangers of buying RDP houses
Here are the dangers of buying RDP houses
* A title deed is issued according to the legitimate beneficiary and if you buy the house, it will still belong to the rightful owner and it’s not easy to change the title deed if the house was sold out a period of eight years.
*The beneficiary is entitled to indicate in a will who will inherit the property when he/she dies, but if death occurred without leaving a will, the department of human settlements has on record names of dependents who are entitled to live or take over the house.
*Sometimes greedy beneficiaries have a scam of selling a house privately to more than five people because the title deed is still under his/her name.
* There are citizens who buy houses through lawyers. signing papers and moved in, but still they do not own the house lawfully because they are supposed to wait for eight years to change the title deed.