De Waterkant, CT

haven't increases in prices run a little ahead of themselves? When I look at gross yields in the Cape they're pretty pathetic..
 
NarrowBandFtw said:
:crylaugh:

shiv = shank = a stabbing implement of any kind, perhaps a knife or screwdriver or melted down toothbrush sharpened against the prison wall
bangers = gangsters
strapped = packing heat = carrying a gun
gats = guns, typically 9mm pistols

and though I was joking and purposely using the silly jargon, I wish I was joking about that element being in the Bo-kaap
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What is the issue in the Bokaap leading to the violence? I understand the gangs, drugs, etc in places like Lavender Hill, but the Bokaap - what is it all about?
 
hj007 said:
haven't increases in prices run a little ahead of themselves? When I look at gross yields in the Cape they're pretty pathetic..
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are you suggesting prices are going to fall? rental yields will catch up, as I've said in previous threads my rental increases I'm keeping at 10%
 
Hosehead said:
Don't forget the call to prayer several times a day and night. It's quite the racket. Bokaap
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I live in Obs, I'm within hearing distance of three mosques. 2 close by. But because I am not a prejudiced ******* I don't mind the muzzein. It's part of our diverse culture. It's a beautiful sound, and no less a "racket" than the church bells that also ring at all hours of the day.

If you can't appreciate the diversity of culture in Cape Town, Orania has a nice safe mono-culture. Try it.
 
Hosehead said:
People say I am psychotic
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No.

Different word.

8 letters. 4 vowels. Begins with "a".


Edit: and no, I do not want you or your ilk next door to me. Hence I suggested Orania. You'll feel comfortable in a semi permanent plot in Aan die Oewer
 
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blunomore said:
What is the issue in the Bokaap leading to the violence? I understand the gangs, drugs, etc in places like Lavender Hill, but the Bokaap - what is it all about?
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Gangs and drugs in Bokaap as well, plenty of both:
https://www.facebook.com/BoKaapWatch
https://www.thesouthafrican.com/driver-shot-and-robbed-in-cape-towns-bo-kaap/
http://www.iol.co.za/atlantic-sun/news/bo-kaap-calls-for-more-visible-policing-7772256
http://www.iol.co.za/news/crime-courts/tourists-warned-to-be-vigilant-in-bo-kaap-7842959
 
You cant go wrong investing in De Waterkant. Its very trendy and plenty people are buying and renovating in the area. If you can find something you can afford go for it! I certainly would however it is way out of my budget currently.
 
scudsucker said:
How very tolerant you are! You must be a great neighbour and a very civic minded citizen.
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A ringing bell has some charm to it, also as an instrument a bell has a pretty nice timbre, not totally terrible. A man wailing unintelligible words is not on my list of must haves for genial neighborhood ambience.

But if it came to the crunch I'd gladly ban both.
 
airborne said:
A ringing bell has some charm to it, also as an instrument a bell has a pretty nice timbre, not totally terrible. A man wailing unintelligible words is not on my list of must haves for genial neighborhood ambience.

But if it came to the crunch I'd gladly ban both.
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+100
I often hear church bells as well as the bell at the cape town city hall which is practically next to my building. That I can handle.
Its the Mosque with the whaling guys 2km away that I do not like.

The difference between a bell and a man whaling is mother ****ing vast!

To get back on topic. I love De Waterkant. If I ever had the means I would live there.
 
Whatzmyname said:
You cant go wrong investing in De Waterkant. Its very trendy and plenty people are buying and renovating in the area. If you can find something you can afford go for it! I certainly would however it is way out of my budget currently.
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The prices are crazy, though. R12M for a 2 or 3 bedroom double story house. The gorgeous renovated ones you mentioned.
 
airborne said:
A ringing bell has some charm to it, also as an instrument a bell has a pretty nice timbre, not totally terrible. A man wailing unintelligible words is not on my list of must haves for genial neighborhood ambience.

But if it came to the crunch I'd gladly ban both.
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grew up with both, still hear both...no issue for me...
 
saturnz said:
are you suggesting prices are going to fall? rental yields will catch up, as I've said in previous threads my rental increases I'm keeping at 10%
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I think that there might be reversion to the mean.. so if you were to buy a unit now what kind of gross yield will you get? I can't imagine it is high on a 1-bed R3m apartment?

I agree there is a shortage of property in Cape Town due to the amount of land available, much like San Francisco. Your increases may continue or not, depends on whether people keep moving to the Cape or the industry is booming.

Where I'm not comfortable is at current price and affordability levels, ie I'm not looking to enter the market now, since I'd need the same growth for the investment to make sense. I think it's great if already in and your initial cost was lower and at a much more comfortable margin. One can still make money, it's just the margin of safety is lower at these price points IMO.
 
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