I have an idea for a new thread...

[Fruity]

[Captain Fastbastard Mayhem]

Looks like he remembered the meth, though... 

[MTBeer]

[Hairy]

[geomark]

[geomark]

[Shebeen]

then it would be warmer...

[Shebeen]

Only asking R25M.

 

https://www.property24.com/for-sale/harbour-island/gordons-bay/western-cape/7827/107915865

asking R25m, for a house valued at R7.6m

 

http://web1.capetown.gov.za/web1/gv2018/RatesEstimation?parcelid=hel005749000000&id=21719&rateCategory=0101&propertyValue=7600000

 

i wonder if he takes the lift to his bedroom after working out in the home gym

[Long Wheel Base]

asking R25m, for a house valued at R7.6m

 

http://web1.capetown.gov.za/web1/gv2018/RatesEstimation?parcelid=hel005749000000&id=21719&rateCategory=0101&propertyValue=7600000

 

i wonder if he takes the lift to his bedroom after working out in the home gym

I wonder why such a big difference in values?

Even if it sells for half the asking price, that is still a lot more than what it's valued at.

[Shebeen]

stop talking to yourself...

 

 

[splat]

asking R25m, for a house valued at R7.6m

 

http://web1.capetown.gov.za/web1/gv2018/RatesEstimation?parcelid=hel005749000000&id=21719&rateCategory=0101&propertyValue=7600000

 

 

It's only worth what someone is willing to pay

 

I wonder why such a big difference in values?

Even if it sells for half the asking price, that is still a lot more than what it's valued at.

[Shebeen]

I wonder why such a big difference in values?

Even if it sells for half the asking price, that is still a lot more than what it's valued at.

because mr burger doesn't want to pay too much in rates.

[bertusras]

I wonder why such a big difference in values?

Even if it sells for half the asking price, that is still a lot more than what it's valued at.

 

Council valuations are rarely anything to go by though. The city needs to make X amount per year from property taxes. There are Y amount of properties. Divide X by Y and apply some ratios, now you have a value. That's all that it is.

 

 

Like splat said, the real value is what someone else is able and willing to pay. Nothing more, nothing less.

Edited August 17, 2020 by bertusras

[Shebeen]

Council valuations are rarely anything to go by though. The city needs to make X amount per year from property taxes. There are Y amount of properties. Divide X by Y and apply some ratios, now you have a value. That's all that it is.

 

 

Like splat said, the real value is what someone else is able and willing to pay. Nothing more, nothing less.

 

ja but. if the house is undervalued by a factor of 3 then this guy is getting a discount on rates. the whole process is supposed to actually reflect the market value as close as possible.

 

he probably complained that R7 is too much for a pondok with no grass and a blazing south easter for 6 months of the year.

 

 

another one going for R37m but paying rates on R9m

https://www.property24.com/for-sale/muizenberg/cape-town/western-cape/9025/108877608

[LongDonkey]

Browsing through my usual auctions and then saw this. I am sure even the opening bid will be over my budget but will definitely log in and watch the auction on the day. 

I wonder if this is a hubber?????

Go to the virtual walk through and check the gym and garage. A lefty in both.

 

https://www.whauctions.com/#!/itemDetails/4166/514435

What a dump!

[Hairy]

ja but. if the house is undervalued by a factor of 3 then this guy is getting a discount on rates. the whole process is supposed to actually reflect the market value as close as possible.

 

he probably complained that R7 is too much for a pondok with no grass and a blazing south easter for 6 months of the year.

 

 

another one going for R37m but paying rates on R9m

https://www.property24.com/for-sale/muizenberg/cape-town/western-cape/9025/108877608

that mentality is also flawed.

 

if you have two houses that are identical standing next to each other ... the left hand house has a cheap as chips interior fit out and services, the right hand house went to town with a hightech security system, awesome automated house and equipment, exceptional finishes and fittings.

 

now the right hand house would naturally sell for more than the left hand house ... why should he be paying more rates and taxes? They are using the same roads to get to the house, the same municipal collections, etc? The right hand house will pay more in tax again when selling his property too.