raffle of apartment R 1500
Fully Renovated Stylish Apartment for Sale.- R 1500 - Yes thats right - one thousand five rand only - and I pay for ALL the transfer/duty/lawyer costs in total into your name !
I think desperate housesellers tried this in the US a while back and it ended in tears and disappointment. I predict the same here.
Besides this scheme probably being illegal in SA (I do believe there are all sorts of hoops charities have to jump through to hold a raffle/competition) anyone who does buy into this shouldn't be too surprised to never hear from the person running the competition, only to find the apartment legally sold via standard channels. If you're desperate enough to hold a raffle for a flat you're desperate enough for that.
Thanks to Reader AN for the link.
4 comments:
The market has collapsed and property prices will be down by 50% soon. The rand will be worth nothing. A global recession will cause the collapse of South Africa. The future of the country is certainly not rosy!
So... Anonymous... basically you're saying that R1,500 for an apartment is a good deal?
:P
i dont think that SA will collapse but we are heading for a rough economic time which will impact on other social issues.
As for property, now is the time to buy BUT offer 30-50% less than asking price. Do it enough times and you'll land a few bargains.
The market will turn in 2-5 years and then you'll reap the profit.
This article made me laugh! A raffle! LOL
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