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.
Showing posts with label oakdale. Show all posts
Showing posts with label oakdale. Show all posts
19 June 2008
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.
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.
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