For people that rent accommodation, does your rent go up yearly?

[Mike Angelo]

i thought you were planning a baby

OH Noooooo....... I'm 71 this year, long past that. Grandkids are more than enough...

 

[chrisc]

Capitalism the self defeating and self eating snake?

Yes, but I paid R150k for the flat in 1996, so 30 years later it is R1.5m
I know there is CGT but this is 8% compounded annually
On the other hand a house in a good suburb, bought for R105k in 1986 is now worth R10m so 12% compound
R100k invested in Sygnia Euro in 1990 is now valued at R4.4m. This equates to about 19% pa

 

[Herr der Verboten]

Yes, but I paid R150k for the flat in 1996, so 30 years later it is R1.5m
I know there is CGT but this is 8% compounded annually
On the other hand a house in a good suburb, bought for R105k in 1986 is now worth R10m so 12% compound
R100k invested in Sygnia Euro in 1990 is now valued at R4.4m. This equates to about 19% pa

Sure, but think about this - do everything really need to go up when we take out depreciation seeing our situation in ZA? Not really - so who is tweaking that number each year? This is why it's in fact a self-eating and self-defeating snake until it is not.

However, of course, in ZA we have about everyone doing to best to keep the system in place that is very good a farming our wealth. right. So, one has to take this into consideration and therefor can't QQ so much alongside the QQers, because self-perpetuation is a bitch until addressed by a proper bloody reset seeing we can't have it another way looking back over past odd 30 to 40 years.

 

[Merlin]

I purchased my property in '24. I rent it out.

My tenant is subject to an increase every year, which I try to soften as far as is possible. The area my property is in has become an improvement district, so I've had to factor in SID fees, along with annual levy, and rates increases into my annual increases. For what my wonderful tenants rents, I still think it's a great deal for the area. These costs are often forgotten about when tenants query rental increases.

I rent a small place, where I'm very happy, for what is a very modest rental in CPT. It serves me, financially, to maintain the status quo for as long as is possible.

 

[netstrider]

I'm renting out a property in CPT and it's a moral dilemma between making more money and being an ******* to my tenant by taking advantage of the demand.

But I’d rather keep a good tenant at the end of the day

Mine goes up every year but not by a lot. 2 - 3%.

 

[Bigjay84]

CPI plus 3 points

 

[RedViking]

That 10% seems to be the standard besides yearly salary increases

Only from Estate criminal snakes.