- Joined
- Aug 22, 2011
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@Pansyfaust has really good points.
I would say that unless your property grows in value over time, it's almost more worthwhile renting and putting the balance of the month you would have spent on a home into investments which you will then use towards a bond.
There is the factor whereby inflation decreases the value of your bond installment over time (R5 in 1995 is worth much more than R5 in 2019) but houses are still fuck off expensive.
What I can't fathom is why people go and spent R1 million on a car and forgo a home. At least a home grows with inflation whilst a car just decreases in depreciation whilst costing a fortune.
My next car will be 4 years old because that's the best balance of depreciation versus buying a car that needs repairing. After 4 years, most of the depreciation has occurred and yet the car is still fairly recent.
I would say that unless your property grows in value over time, it's almost more worthwhile renting and putting the balance of the month you would have spent on a home into investments which you will then use towards a bond.
There is the factor whereby inflation decreases the value of your bond installment over time (R5 in 1995 is worth much more than R5 in 2019) but houses are still fuck off expensive.
What I can't fathom is why people go and spent R1 million on a car and forgo a home. At least a home grows with inflation whilst a car just decreases in depreciation whilst costing a fortune.
My next car will be 4 years old because that's the best balance of depreciation versus buying a car that needs repairing. After 4 years, most of the depreciation has occurred and yet the car is still fairly recent.