Personal Opinion:
It's better to buy a house in the township than a flat in the suburbs.
In the township, you get a yard & can extend without stress. You can also live with as many ppl as you'd like, without needing permission.
Flats are worse labour camps than townships.
Lesotho needs to either become a part of South Africa, or fully cut itself off.
This relationship we have with them is boring. Tiny, landlocked & mostly reliant on South Africa for imports & exports.
Someone within Lesotho just needs to become truly decisive.
I did a home loan application recently. I also did a review of the terms of my home loan quotes. My experience regarding the terms of a home loan for Nedbank, FNB & Investec:
1. Interest offered:
Yoh guys, dont buy sectional title houses and apartments. You will feel like you are renting your own home and the body corporate is your landlord. 😭😭😭💔💔💔
Buffalo City Municipality
Not only that, the municipal bill for a sectional title complex has risen substantially in East London.
The body corporate receives a municipal bill and then each owner receives an additional one for their respective unit.
Moreover,
The newly added Electric Pre Paid meter charge and the annual above inflation municipal increases are expropriating property gains.
Transferring wealth from citizens to the state. Property rights are destroyed by ineptness.
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Property owners are actually renters, financing shareholder returns for banks and also subsidizing the state.
Please do some due diligence before buying into a sectional title! Thoroughly review the Body Corporate's financial statements before even looking at an offer to purchase!
@CilliersB Please help me understand the double billing for sectional title schemes. The Body Corporate is billed the city, the individual property owner is billed and now R330 CoT network charge added to my monthly levies. Tshwane rates are unaffordable!
Yoh guys, dont buy sectional title houses and apartments. You will feel like you are renting your own home and the body corporate is your landlord. 😭😭😭💔💔💔