Not in 1000 years - no way. It's really true that "A fool and his money are soon parted".
Even R 700 000 is TOO much for that cubicle with a sea wiew. Firstly, Muizenberg is cursed by the wind. Secondly,what a wiew and sound of the trains and the railway tracks. There are far cheaper properties to buy if you want to live on top of railway tracks.
Thirdly, step outside onto the Empires' pavement and be swept by the South Easter into the welcoming arms of the hordes from Mitchells-litsha. What a safe,uplifting,upmarket experience that beachfront is.
If you want to be a prisoner in your own apartment,then the Empire is the place to buy into :)
I disagree. That is a cool 200 sqm flat. My biggest gripe is that it faces South... brrr!
Have you been to Muizenberg lately? You can barely find parking amidst the X3/XC90/X-Trail's! The yuppies have moved in.
I don't necessarily agree with the price, but is interesting that there were several bidders in that auction bidding up to 2m. Still, the price is almost 40 percent off it's peak.
With the holding cost of property so low, thank to low interest rates, it seems like auctions are the only way to go these days.
I agree with Anon #2...R700k is too much. WRT Auction Alliance....through mutual friends i shared a beer with the "top boy". He is an auctioneer turned estate agent..talking up the market to all who will listen.
He's not a bad bloke but business wise didnt like his vibe and wouldnt trust him as far as i could throw him.
On another note, we all remember the sale of the V&A Waterfront for a piddly 7 billion rand to one of the sovereign wealth funds from the ME.
Matt Taibbi(of Goldman Sachs the Great Vampire Squid fame)has a new book Griftopia which goes into various sales in the States to these SWF's, the excerpt here which makes fascinating reading.
Auction alliance made me millions by auctioning off good property at low prices. Rael Levitt might talk up the market but attend some of his auctions and you will see how cheap he lets property go for.
8 comments:
Link to 312 Empire
http://www.privateproperty.co.za/the-empire-muizenberg-q15418.htm
Not in 1000 years - no way.
It's really true that "A fool and his money are soon parted".
Even R 700 000 is TOO much for that cubicle with a sea wiew.
Firstly, Muizenberg is cursed by the wind.
Secondly,what a wiew and sound of the trains and the railway tracks.
There are far cheaper properties to buy if you want to live on top of railway tracks.
Thirdly, step outside onto the Empires' pavement and be swept by the South Easter into the welcoming arms of the hordes from Mitchells-litsha.
What a safe,uplifting,upmarket experience that beachfront is.
If you want to be a prisoner in your own apartment,then the Empire is the place to buy into :)
*sigh* I used to buy drugs at the Empire back when it was a ruined cinema. Now I have to walk an extra 20m.
I disagree. That is a cool 200 sqm flat. My biggest gripe is that it faces South... brrr!
Have you been to Muizenberg lately? You can barely find parking amidst the X3/XC90/X-Trail's! The yuppies have moved in.
I don't necessarily agree with the price, but is interesting that there were several bidders in that auction bidding up to 2m. Still, the price is almost 40 percent off it's peak.
With the holding cost of property so low, thank to low interest rates, it seems like auctions are the only way to go these days.
Sellers are gonna hold on...
I agree with Anon #2...R700k is too much.
WRT Auction Alliance....through mutual friends i shared a beer with the "top boy". He is an auctioneer turned estate agent..talking up the market to all who will listen.
He's not a bad bloke but business wise didnt like his vibe and wouldnt trust him as far as i could throw him.
On another note, we all remember the sale of the V&A Waterfront for a piddly 7 billion rand to one of the sovereign wealth funds from the ME.
Matt Taibbi(of Goldman Sachs the Great Vampire Squid fame)has a new book Griftopia which goes into various sales in the States to these SWF's, the excerpt here which makes fascinating reading.
http://www.rollingstone.com/politics/news/17390/222206?RS_show_page=0
Interesting article. Thanks for the link.
Auction alliance made me millions by auctioning off good property at low prices. Rael Levitt might talk up the market but attend some of his auctions and you will see how cheap he lets property go for.
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