Nerfherder
Honorary Master
Ya man, its stuffed. But lets see what happens with the new legislation. i'm hoping for a shake up.My eyes are watering after looking at rental prices. R15 000/month for a studio apartment in Paarden Eiland seems quite common, which made the R22 000/month for a two-bedroom in Milnerton seem positively a steal.
I know I know, it's Cape Town.
Crazy thing is that Paarden Island is an industrial area and they are just starting to make housing there.. Maitland is also a dump but they are making fancy flats there as well. Its probably a very good investment opportunity but they are not even opening with good pricing, its straight to the CBD level pricing.
Anyway - that's why you rent, so when something better comes up you can jump on it.