13 June 2006

What Goes Up

SA house prices outstrip all others
HOUSE prices in South Africa have grown quicker than those in any other country monitored by The Economist.

Using the ABSA house price index as a measure, The Economist reports that the average SA house price has rocketed nearly 300% in the last nine years.

300% in nine years? How much has your salary increased in nine years? What about the rental income of residential housing?

But don't worry there's absolutely nothing wrong with this picture...

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