Buy My House And Let Me Rent From You

Here's an ad for a house in Oakdale on the market for R800 000. The ad lists that a tenant is available and it turns out the tenant is in fact the owner who is willing to rent at R4 000 a month. I guess the owner did the math and realised that paying R10 831 a month for a 100% bond on a depreciating asset is stupid when you could be saving close to R84 000 a year by renting. We've seen this happen before.

If you did buy the place and took the previous owner on as a tenant with the offered rent you'd be making 6% ROI, only 4.5% below inflation.