NCR - Healthcare will die in SA ,with new plan

[pastapouch]

The middle class will eventually dissapear and become poorer

can someone explain where lower-class end and middle-class begins? Salary wise.

 

 hmmm, let us see , roughlym the ave house = R800k - R1m, bond payment , R9k - R11k per month. that would be 1/3 of your salary, = R33, 000.00/m

[daggavis]

The middle class will eventually dissapear and become poorer

can someone explain where lower-class end and middle-class begins? Salary wise.

 

 

I recall something that when they introcuded the new credit act last year that above R20K a month is seen as high income.

Middle Income I think is between R200K and 400K a year. Tax tables should help with that..

 

[AndreZA]

?hmmm' date=' let us see , roughlym the ave house = R800k - R1m, bond payment , R9k - R11k per month. that would be 1/3 of your salary, = R33, 000.00/m[/quote']

 

 

 

Are you kidding? Me an my GF does not earn that together.

[pastapouch]

 hmmm' date=' let us see , roughlym the ave house = R800k - R1m, bond payment , R9k - R11k per month. that would be 1/3 of your salary, = R33, 000.00/m[/quote']

Are you kidding? Me an my GF does not earn that together.

 

from the quidelines I got when I bought house 6 years ago. Bond payment shouldn't be more than 1/3 of your salary(probably before deductions , tax etc..)

[AndreZA]

from the quidelines I got when I bought house 6 years ago. Bond payment shouldn't be more than 1/3 of your salary(probably before deductions ' date=' tax etc..) [/quote']

 

 

 

I will never own a house.

[Hog_]

SA's LSM stats are actually scary. Here's an LSM calculator:

http://www.eighty20.co.za/databases/show_db.cgi?db=fulllsmcalculator

 

This is a newer method they're using, but when I was studying the stats were something like less than 4% of the population earns R20k per month household income. Our high unemployment rate, as well as people still earning below minimum wage really affects the stats.

 

I think it would be safe to say that only about 15% of citizens are paying tax, meaning they earn over R4k pm. It could be less than that even.

 

 

 

[Red Zone]

I suppose that you will still be able to pay for private medial insurance, like the NHS in the UK, but that is on top of the NHS contributions and you would still have to pay into the National Health System.

 

 

 

Must say that I dont see the big players like discovery, Life, Mediclinic etc... laying down and taking this, wait for the Concourt ruling in 5 years time

[Wheelsuck]

SA's LSM stats are actually scary. Here's an LSM calculator:

http://www.eighty20.co.za/databases/show_db.cgi?db=fulllsmcalculator

 

Just did the calc and it congratulated me for being in a certain LSM, Think they should have given condolences 

[pastapouch]

IMO that doesn't mean anything, I have a lot, but , its rather the cheaper stuff and not the top end. My house is the worst/smallest in the street, my car is 9years old, I started with second hand dishwashers, fridges, lawnmovers etc... and with a crappy video machine, I'm def not average.

[porky]

spent the night after my recent accident in a state hospital. they x-rayed nearly every part of me. the aging eastern euopean doctor who examined me declared i had a broken nose and sent me home hours later. a day later' date=' after much discomfort, i went to the private hospital near my home?and then the list of injuries got longer and longer as the doctor picked up the stuff the first one missed.[/quote']

Well, the flip side:

Last time when I dislocated my shoulder I ended up at the Morningside Medi Clinic. Guys did one xray from the front where you could not see the dislocation, so the doctor sent me home with a few pain pills and a diagnosis for a sprained AC Joint. The specialist I saw the next day almost blew a fuse!

100% right, just because its a private hospital that charges 200% of std government and Medical Aid tarriff, is no reason to believe the doctors are any better.

 

Its not true.

 

I had an absailing accident, got rushed to the local Medi-clinic where I had the usual x-rays - Doc said I strained my back and sent me home.

 

In agony a day later I went to another hospital and the doc operated that afternoon for a fusion on two levels as the discs were crushed - cost to the medical aid - R80.000.00 PLUS.

 

On the other hand a friend of mine had a heart attack at home, not having Medical aid he got rushed to Jhb Gen, he had a double by pass and was in intensive care for a few days, I visited him and can say I saw nothing untoward, the staff were friendly and helpfull and he said to me he has nothing to complain about, he was well treated.

 

Cost to him a mere R25.00

 

Go Figure.

   

porky2009-06-11 03:59:23

[porky]

from the quidelines I got when I bought house 6 years ago. Bond payment shouldn't be more than 1/3 of your salary(probably before deductions ' date=' tax etc..) [/quote']

I will never own a house.

Sadly, I think SA is quickly catching up with the first world countries were young folk simply cannot afford to buy property.

 

In the USA today, unless you are very lucky and have a marvellous trust fund, the only way you will own a property is when your parents pass on and leave it to you.

 

Its getting to the point where its not possible for young people to save sufficient money to get a deposit and they need the cash injection from their parents property which they can sell and buy again.

 

 

[Red Zone]

from the quidelines I got when I bought house 6 years ago. Bond payment shouldn't be more than 1/3 of your salary(probably before deductions ' date=' tax etc..) [/quote'] I will never own a house.

 

 

Sadly, I think SA is quickly catching up with the first world countries were young folk simply cannot afford to buy property.

 

?

 

In the USA today, unless you are very lucky and have a marvellous trust fund, the only way you will own a property is when your parents pass on and leave it to you.

 

 

 

Helps the slum lords among us

 

?

 

Its getting to the point where its not possible for young people to save sufficient money to get a deposit and they need the cash injection from their parents property which they can sell and buy again.

 

?

 

?

[fandacious]

from the quidelines I got when I bought house 6 years ago. Bond payment shouldn't be more than 1/3 of your salary(probably before deductions ' date=' tax etc..) [/quote']

 

currently your bond payment cant be more than 25% of your salary, and banks are only giving 80% bonds....

 

so if u wanna buy a million rand house, you need to earn 40k a month and have 200k cash lying around

[Jackes]

 

from the quidelines I got when I bought house 6 years ago. Bond payment shouldn't be more than 1/3 of your salary(probably before deductions ' date=' tax etc..) [/quote']

 

currently your bond payment cant be more than 25% of your salary, and banks are only giving 80% bonds....

 

so if u wanna buy a million rand house, you need to earn 40k a month and have 200k cash lying around

 

http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-2386-2401_2528591

 

[pastapouch]

Nedbank will however approve 100% home loans only for properties up to R250 000, and buyers will be assisted through the entire purchasing process by a mentor.   -- what am I going to buy for R250,000.00, the servant's quarters???

[Dirtbreath]

 

from the quidelines I got when I bought house 6 years ago. Bond payment shouldn't be more than 1/3 of your salary(probably before deductions ' date=' tax etc..) [/quote']

 

I will never own a house.

Sadly, I think SA is quickly catching up with the first world countries were young folk simply cannot afford to buy property.

 

In the USA today, unless you are very lucky and have a marvellous trust fund, the only way you will own a property is when your parents pass on and leave it to you.

 

Its getting to the point where its not possible for young people to save sufficient money to get a deposit and they need the cash injection from their parents property which they can sell and buy again.

 

 

 

Yes, but our generation has different priorities. We are consumer driven where we buy bike parts, travel more, eat out more. Our folks put more of their cash down into property but also didnt have as much choice and temptation to blow their money on. It was a big thing to get a TV or a washing machine or whatever.