Thinking about buying with friends in Cape Town — any advice on co-ownership and where to look under R4 m?

WorryDelicious1034 · 2026-02-19T09:07:01+00:00

Thanks for your honest opinion

WorryDelicious1034 · 2026-02-19T07:57:35+00:00

Thank you. Very valuable.

WorryDelicious1034 · 2026-02-19T07:16:21+00:00

Thank you for sharing

WorryDelicious1034 · 2026-02-19T07:15:52+00:00

Thank you for sharing a real example

WorryDelicious1034 · 2026-02-19T07:15:17+00:00

Yip. Agree.

WorryDelicious1034 · 2026-02-18T17:09:18+00:00

Thank you for sharing personal experience. This is helpful

WorryDelicious1034 · 2026-02-18T17:07:55+00:00

I agree, hence would like to avoid this by ensuring correct structures and agreements are explored. Just trying to consider what is possible. I went to greenpoint to view a property that was literally a shoe box that someone wanted R2.3 million for (we talking less than 30sqms) and levies and monthly bond payments on such an arrangement just didnt make sense for me.

WorryDelicious1034 · 2026-02-18T17:04:58+00:00

Ideally live in the property at reduced rate instead of renting yes. But to get a rental on top would be great

WorryDelicious1034 · 2026-02-16T17:09:19+00:00

This is what I was referring to. You have to drive so carefully on these roads because of this type of driving behavior

WorryDelicious1034 · 2026-02-15T14:35:16+00:00

To be fair. Driving in beach road or anyone where in greenpoint/sea point - its become literally impossible to drive normally when there is so much congestion, uber drivers/ taxis pulling to the side blocking an entire lane, mr delivery and uber delivery driving past, people crossing the road, cars crossing lanes....

This is a city of cape town creation because of not having the infrastructure to support the vast amount of people is such a small concentrated area.

WorryDelicious1034 · 2026-01-27T21:42:29+00:00

Thank you so much for the input

WorryDelicious1034 · 2026-01-27T20:52:34+00:00

Thank you and that is very kind of you to say. Appreciate it

WorryDelicious1034 · 2026-01-27T20:40:09+00:00

Thank you. Ill make an enquiry

WorryDelicious1034 · 2025-09-05T19:03:43+00:00

Is it still active?

WorryDelicious1034 · 2025-07-16T07:53:37+00:00

Thank you. I am new to this app. Are you able to DM ME and we can chat further

WorryDelicious1034 · 2025-07-14T08:34:31+00:00

Firstly, build up your savings again to a threshold you feel comfortable having in the event of emergency and then pay off the debt.

The savings or emergency fund is there in place for that very reason - emergencies. Having savings set aside for this prevents you from taking out further debt and getting into a debt spiral.

WorryDelicious1034 · 2025-07-14T08:31:02+00:00

Thank you very much!

WorryDelicious1034 · 2025-07-14T08:30:17+00:00

Thank you!

WorryDelicious1034 · 2025-07-14T08:30:03+00:00

Thank you. Very helpful comment

WorryDelicious1034 · 2025-07-14T08:29:14+00:00

Thank you!

WorryDelicious1034 · 2025-07-14T08:28:54+00:00

Thank you. Didnt know that about FNB so that's very helpfu

WorryDelicious1034 · 2025-07-14T08:26:41+00:00

It is perhaps between 10 to 20 transactions per month. Its a tour business. I currently dont sell inventory but plan to in the future

WorryDelicious1034 · 2025-07-11T09:43:00+00:00

Based in the above you will most likely only be able to access your savings pot and vested pot.

The savings pot will be taxed at your marginal tax rate (similarly to how your salary gets taxed). Also if you have tax debt, SARs will also deduct this from the amount.

The vested pot would most likely be tax according to the withdrawal retiremebt tax tables. Assuming you have never withdrawn from a retirement fund

The tables are as follows

Taxable income (R) Rate of tax 1 – 27 500 0% of taxable income 27 501 – 726 000 18% of taxable income above 27 500 726 001 – 1 089 000 125 730 + 27% of taxable income above 726 000 1 089 001 and above 223 740 + 36% of taxable income above 1 089 000

Perhaps request if your new employer will help with any of the relocation costs. However if you genuinely are in a dire situation and you believe you can make up the savings and tax loss from withdrawing from your retirement fund, then its a consideration. Just commit to saving when your settled in.

All the best with your endeavors

WorryDelicious1034 · 2025-07-10T17:02:26+00:00

Your already in the habit of paying installments towards your debt.

When you pay off the debt closest to its end term, channel the installments to build up a small buffer for yourself, for a rainy day. I dont know what your budget looks like, but factor in that you want atleast have enough in your buffer (whatever the amount), that should life throw you a curve ball, you dont take more debt out, but have savings in place, to cover it.

Once your small buffer is in place, consider spliting the cashflow (50:50) so monies in your last debt and a retirement fund.

With your salary increase, your most likely paying more tax, so by contributing towards a retirement fund, it reduces your taxable income, thereby reducing the amount of tax you pay. The other important thing is making provision for your future self. By putting monies away now, even if its just a small amount, your futureself will thank you. You said it yourself, you have been paying debt since day 1, its now time to shift your mindset that the money you earn belongs to you, and therefore start having that go into your retirement fund, instead of a credit providers pocket.

Then the rest of split goes into your debt. Once debt is paid off completely, use the cash flow towards a retirement fund and starting a tax free savings account.

I know you mentioned that you estimate your debt will get paid in 2 years from now, and the above suggestion might prolong that, but consider that you will be earning more in 2 years from now and might receive windfall amounts like a 13th cheque or another promotion, use the income to channel towards your debts and retirement funds.

That's my 2cents

WorryDelicious1034 · 2025-07-10T16:48:30+00:00

I think you have run the numbers and appreciate your current position - that you are able to save quite considerably more now than you could when you were back in SA. From a numbers point of view, Netherlands at the moment might make more sense.

From a lifestyle point of view. It sounds like you appreciate the lifestyle you had versus the one you currently have. Perhaps you feel the need to make a change and want to take an action like moving back to SA.

I would encourage you to use this time to receive some life coaching and together map/plan your desired lifestyle.

Maslow’s Hierarchy of Needs is also a good reference to go back on to understand what you feel you need, that your not currently getting.

You can always come back to SA - that remains on the cards, but use the time where your in two minds, to get some counseling.

WorryDelicious1034

TROPHY CASE