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@niteshayde Yea, I agree with all points. Home ownership has a bunch of other perks separate from being an investment on some level.

@niteshayde The question is whether buying a house using a bond or saving up first is better. Not using a bond is better as long as the growth you can achieve from savings outpaces the growth of the capital price of the property. The interest rate of the bond has little to do with that apart...

@niteshayde While keeping money in an access bond is a good way of mitigating interest, it’s not equivalent to a 10% investment because you’re starting at minus whatever your bond rate is. Having no bond means no interest and putting that money towards an investment is growth. If it weren’t...

@unbelievable The only thing I have to add is that buying a home locks in the capital cost. Every one of my properties’ values dwarfs what’s left on the loan after 10-15 years. That R2.1m house might be R3m in 5 years. Otherwise saving is always a smart thing to do.

@dyvinka Bud, This is a well researched post and I think your cousin is lucky to have you. If he does even half of what you’re recommending he’ll be better off than the majority of people.

@alexbavib And if you’re with Discovery banking, you might be with Discovery Health. They give 90 days medical cover abroad as well. Get that letter/certificate and that along with the travel insurance should be sufficient

@ruien2 It was fine for a trip to the Netherlands I took in October last year.