Saturday Open Thread - Rate Cut Edition!

What effect will the 50bp rate cut have if any?

The Rockwell: You Just Lost A Lot of Money

In September 2007 a 1 bed apartment in the Rockwell had an asking price of R1 520 000.

2 1/2 years later a 1 bed apartment in the Rockwell has an asking price of R1 550 000.

I bet that R30 000 in capital appreciation really takes the sting off the R300 000+ in bond payments.

Your Architecture Is Bad - Crappy SA Architecture Blog

With the mad rush to throw up developments in the last couple of years there has been a rise in just some terrible architecture in South Africa. Luckily Your Architecture Is Bad is on the scene to document these crimes against your eyes. Check it out!

Ballinrobe: Why The Pawpaw Hit The Fan

Seems the developers decided to ignore height restrictions right before the Cape Town City Council decided to start cracking down on such offenders. Here's a comment from a previous thread:

So the developers are Irish and if they finish the building the top floor will contravene their zoning height restriction.

They started building the building too high.

Am pretty sure that the top floor is where all the cream is, so they are faced with some tough decisions...

Saturday Open Thread

It's the Saturday Open Thread!

Ballinrobe: Stopped Building, Still Selling

So the Ballinrobe stopped building a while ago but that hasn't stopped the developers trying to sell units. I guess the thing is basically built they have to complete it, so keep on selling...

Saturday Open Thread - Selling Season Wind Down

The summer selling season is winding down. Were sales targets met? Are there more Estate Agent culls on the horizon?

Defence Minister Stops Paying Bond On Unfinished Home

IOL Reports:

Defence Minister Lindiwe Sisulu stands to lose the luxury Sandton home she owns with her husband after failing to pay bond instalments and R160 000 worth of levies.

The former housing minister and her husband, Professor Rok Ajulu, borrowed almost R2-million to build the Riverclub, north of Joburg, house in 2004. Ajulu believes it's now worth over R3m.

Now the couple will have to launch a legal bid to keep the unit from going under the hammer at a public auction set down for March 23.

The Cape Times has learnt that, due to their bond account falling into arrears, Standard Bank turned to the courts to repossess the property.

Saturday Open Thread - New Developments

Yea or Nay? Personally I wouldn't touch anything built in the last seven years.