With ZAR @ 15 -$1 you can only imagine what a million dollars can buy here. People select personal houses that look like palaces here with the best ocean views in the country to buy as holiday homes.
Indoor jaccuzi, movie theatre, heated indoor swimming pool, wine cellars, 6 garages, 8 bedrooms all en-suite with private balconies, lifts to the second floor, a swimming pool and enetertainment area on the roof with a separate heli-pad for travel and emergencies.
Our little cottage can fit into their entrance hall.
Consider the alternative, a tin shack in township costs about $5 , one room that fits 5-8 family members. With a million dollars one can buy and entire township.
Yeah, there seems to be a renewed drive for build palatial homes and eventually, they will be empty once again.
5 dollars for a shack? I didn't realize it would be like that.
Covid has dropped the estate business in the dumps over here and for the middle classes new houses and cars are no,no's.
Dire circumstances that the people in the shack townships have to endure and you can only imagine a whole family in a one room tin shack. Now put 1000 families in the shacks and you have a township that is crying out for electricity and water.
People can build more expensive shacks, but I would say nothing beyond $50
Such is life!
Hope that you guys are having a good Friday thus far.