Young people need to be sure homeownership is right for them
By IOL Reporter | Published Mar 27, 2021
Interest rates might be low, prompting many people to buy their first homes but young people need to be sure homeownership is right for them, says Gerhard Kotzé, managing director of RealNet. “For example, if you decide to save up for a 10% or 20% deposit, so that you can keep your bond costs down, you need to think realistically about how long that might take and what other goals might be affected.
