my reason to consider other places to live...

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vespax

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This just gets really depressing when I consider the cost of housing in CT compared to salaries for a young person with a small family.

R10,800 / month for a modest house

I can handle crime in my area, but the houses aren't selling for anything like this price. I may have to leave SA to buy a house, otherwise rent the rest of my life (which I don't want to do).

:(
 
Come now theres other very nice safe places for 400k around CT.
 
vespax said:
This just gets really depressing when I consider the cost of housing in CT compared to salaries for a young person with a small family.

R10,800 / month for a modest house

I can handle crime in my area, but the houses aren't selling for anything like this price. I may have to leave SA to buy a house, otherwise rent the rest of my life (which I don't want to do).

:(
Click to expand...

And where do you suggest to live where property is not expensive?
 
Do you have something like a trailer park in the good ol' USA in mind?

Because that's about the only place you'll find cheap property.
 
I thought property prices were much higher overseas. Except of course for other third world countries.

Or are you planning to move to another third world country?
 
vespax said:
This just gets really depressing when I consider the cost of housing in CT compared to salaries for a young person with a small family.

R10,800 / month for a modest house

I can handle crime in my area, but the houses aren't selling for anything like this price. I may have to leave SA to buy a house, otherwise rent the rest of my life (which I don't want to do).

:(
Click to expand...

Absa’s House Price Index shows that price growth was at its lowest in almost eight years in June.

The bank expects growth to continue slowing into 2008.

Interest rates are expected to start dropping some time next year, which should fuel price growth.

Real year-on-year growth in house prices of 7,9% in May – the lowest since February 2003 – is still a little higher than inflation (around 7%), while nominal house price growth is around 14-15%, according to Absa.
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This is good news...for those that are debt free...:D

You can buy a townhouse in Gauteng for R500 000, a two bedrooms, 1 bathroom. It's better than renting - well, until you earn enough to be able to spare R10 000 a month or you can buy a massive house in the township:D
 
JK8 said:
Come now theres other very nice safe places for 400k around CT.
Click to expand...

really?! Where? do share.

Geriatrix said:
I thought property prices were much higher overseas. Except of course for other third world countries.

Or are you planning to move to another third world country?
Click to expand...

Property is about the same in the US as here in CT. I have been on enough 'Sunday walkthroughs' to see what I can get here and what I can get in the states. I am leaning towards the states for who wins.

TiredOfWaiting said:
Do you have something like a trailer park in the good ol' USA in mind?

Because that's about the only place you'll find cheap property.
Click to expand...

Not true.

sox63 said:
And where do you suggest to live where property is not expensive?
Click to expand...

Not sure, but the point I am making is that incomes have to match a decent standard of living for people. If I earn R25000/month here, can I get into the house? Most likely, but then how much does that leave me at the end of the month? not much after taxes, food, utilities, insurance, etc.

I know it is the same all over the world, but if I get approved for that house at 13% interest, a interest rate hike here, one there and things get serious on the monthly budget.

I could buy a place in Mitchells Plain or something, but how great is that. I'd rather buy a place overseas and my son can play outside. :o

[lambast vespax] ...
 
vespax said:
really?! Where? do share.



Property is about the same in the US as here in CT. I have been on enough 'Sunday walkthroughs' to see what I can get here and what I can get in the states. I am leaning towards the states for who wins.



Not true.



Not sure, but the point I am making is that incomes have to match a decent standard of living for people. If I earn R25000/month here, can I get into the house? Most likely, but then how much does that leave me at the end of the month? not much after taxes, food, utilities, insurance, etc.

I know it is the same all over the world, but if I get approved for that house at 13% interest, a interest rate hike here, one there and things get serious on the monthly budget.

I could buy a place in Mitchells Plain or something, but how great is that. I'd rather buy a place overseas and my son can play outside. :o

[lambast vespax] ...
Click to expand...

What's the avg house price overseas (UK for example) ?
 
Bageloo said:
What's the avg house price overseas (UK for example) ?
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House Prices in the UK are at a premium due to lack of space for further development.

One needs to note, however, that mortgages work very differently in the UK, and that the status of "owning" a home is far more exaggerated in South Africa than over there. Similarly is "owning" a car. I say "owning" as technically most home owners in SA don't actually own their homes.
 
vespax said:
This just gets really depressing when I consider the cost of housing in CT compared to salaries for a young person with a small family.

R10,800 / month for a modest house

I can handle crime in my area, but the houses aren't selling for anything like this price. I may have to leave SA to buy a house, otherwise rent the rest of my life (which I don't want to do).

:(
Click to expand...
Or look outside of cpt.
 
Geriatrix said:
I thought property prices were much higher overseas. Except of course for other third world countries.

Or are you planning to move to another third world country?
Click to expand...

No but say you earn pounds... you earn 4 times less but each pound takes you 12 times further...
 
a-person said:
No but say you earn pounds... you earn 4 times less but each pound takes you 12 times further...
Click to expand...
I wish. Many of my friends still lived with their folks until they were married or in a serious enough relationship to be able to afford to buy or even rent.

BTW - with petrol costing r13.50 per litre a pound realistically takes you half as far :D
 
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a-person said:
No but say you earn pounds... you earn 4 times less but each pound takes you 12 times further...
Click to expand...

The pound doesn't take you 12 times further...£1 a loaf of bread, is equivalent to R14.00
We pay only R5 for the same loaf...
 
bwana said:
BTW - with petrol costing r13.50 per litre a pound realistically takes you half as far :D
Click to expand...

Ever heard of the tube? Public transport? :D

I know its a swearword in SA but public transport in 1st world countries is actually quite good, reliable and in some cases better than having your own car.

From living in NYC i can attest that i got around perfectly easily and anywhere i wanted thanks to the subway which cost me less than R50 a week for UNLIMITED rides on trains AND buses in Manhatten, Queens, Brooklyn etc.
 
lion_fish said:
Ever heard of the tube? Public transport? :D

I know its a swearword in SA but public transport in 1st world countries is actually quite good, reliable and in some cases better than having your own car.

From living in NYC i can attest that i got around perfectly easily and anywhere i wanted thanks to the subway which cost me less than R50 a week for UNLIMITED rides on trains AND buses in Manhatten, Queens, Brooklyn etc.
Click to expand...
Well a lot depends on where you live - having lived both in NYC and in London as well as areas outside of those you quickly go from an abundance of choices to none.
 
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