Are you a property owner or do you rent? What is your age?

[lholhos]

1. R6500 now paying R5950(.5% cut)
2.Bond
3. will be 26 soon,
4. Not married.. living with mom and lil Sis...planing to get an open joint housing finance with a "good friend"...

[mcryan]

R7500
Bond
23
Wife

[Jabberwocky]

I would like to call myself an owner, but in reality the bank owns my house - 31 married

[Paul_S]

I would like to call myself an owner, but in reality the bank owns my house - 31 married

If you go to Makro and purchase a washing machine on your credit card and take it home, do you you own the washing machine or does the bank?
Same concept. The house was purchased in your name - not the bank's. The bank is just lending you the money to make the purchase.

You owe the bank money - you do not owe the bank the property.
They just hold on to the title deeds until you fulfill your financial obligation to repay them.
If you fail to pay, the bank has to go through a legal process to repossess you house since they do not own it.

[TJ99]

Glad to see people are finally getting it.

[Velenoso]

Is that after capital gains tax?

I usually tend to avoid this through various methods I have established over the years. I have a very good accountant. :-)

[marco79]

32, owner, yes my wife & 3 kids lives with me.

House.

[Nicci]

28, rent, live alone

[Pakka]

23,
Finally bought
Wife
Free standing house
R8000 pm

[TheGuy]

Own but renting in Commune. Don't like living alone.

[neetz108]

31, owner (paid up), wife, 2 kids, 2 cars (paid up), 1investment property...

[Sly21C]

1. R2500
2. Rent
3. 28
4. Live all alone.

Afraid of commitments , i.e. wife, kids and paying bond for 20 years.

[DrJohnZoidberg]

R3600 pm
Renting
29 yo.
Single.

[jargon7]

that awkward moment when you walk in and your partner asks ...have you heard of MyBB

+1 hahahaha

[Skywalker786]

Property owner, 40, live with partner and 2 dogs