PERSONAL FINANCE
SIMON BROWN: Why renting, not buying, a home is best
It’s not a popular view in South Africa, but there are far too many added costs to home ownership to make it truly financially worthwhile
09 February 2023 - 05:00
There is very little debate in South Africa (and likely the rest of the world) on the issue of whether you should own your house or rent it. Everybody wants to own for two primary reasons.
First, people view it as a great investment and, second, the old theory is that if you’re renting you’re paying off somebody else’s bond and they’re making all the money...
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