mmegi

Pros and cons of investing in property

Shaping up: Gaborone's housing market is among the country's fastest growing PIC: BASHI KIKIA
Shaping up: Gaborone's housing market is among the country's fastest growing PIC: BASHI KIKIA

Onkemetse can remember her mother saving all her money to buy bricks to build her house. She built it room by room as she could afford it, and now she has a home that is spacious enough for Onkemetse, and family to visit. Her mum does not owe any money on her home, so she knows her future is safe and secure. She is also very happy because she knows she will be able to leave her children an asset when she passes.

Onkemetse wants to buy her house today, but she does not have the same patience that her mother had, and doesn’t have the land where she wants to live. She can’t save and build step by step. Should Onkemetse apply for a mortgage loan?

Is buying property a good debt?

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Editor's Comment
Shame on State looters

“Your and my legitimacy relies on fighting corruption, discrimination and seeking justice.”– Imam KhameneiThis is laid bare in the recently released Auditor General’s report of 2023. The report highlights that government was plundered off millions of pula in wasteful expenditure and irregular procurement at a time when the country was grappling for every thebe to save its citizens. The report reveals that millions set aside for the...

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