That is not quite true... Few months before this economic quagmire, South Africa's real estate business has noose-dived with surging high interest rates. Banks are very wary in giving out loans for purchase of property. Besides, no one really wants to buy now due to the hiked interest rates.
Aha...! Still that is not quite true.
Somebody seems to be seeing right. He sees money in the same place where others are blind. Though no one buys property in South Africa now, yet someone is busy buying NOW. What a paradox! This can be the reason national dailies christen this season here in South Africa as the "buyer's market." How true!
Can I conclude with this? History has repeatedly shown that in the same market others shy away from, is the very market someone accumulates fortunes. In the Great Depression of 1920's, few became millionaires while majority wallowed in penury. The question is, do you learn from history? Have you trained yourself to see money beyond our normal five senses? Are your olfactory, auditory and visual organs as sharp as dog's own to perceive money? Like Robert Kiyosaki of "Rich Dad Poor Dad," it is a matter of your financial intelligence. What do you think?
Adiari Captain, M.D.