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Don’t take up a bond. I know they tell you a house is an asset- true, it is but for the bank, not for you until you own it 20 years later.
#MoneyMistakesToAvoid
#MoneyMistakesToAvoid
Here’s a practical idea, this here is a 3 bedroom house for R865,000. The bond payment will be R8205 p/m at the best case scenario for 20 years. Which amounts to R1 969 200.00 (over double) 
There are initial transactional costs, at best case scenario will cost you R52,3331 (which you must pay cash) added to that R1 969 200.00 is R2 021 531.00 remember this is for a house that costs R865,00
