The wealth hidden in a Windhoek townhouse
You are not wealthy. You do not own multiple properties. You have a steady job, some savings, and enough confidence to make a decision that many people spend years postponing.
IAN COFFEE
You are not wealthy. You do not own multiple properties. You have a steady job, some savings, and enough confidence to make a decision that many people spend years postponing.
After searching for months, you find a modest two-bedroom townhouse in one of Windhoek’s established suburbs. It could be in Pionierspark, Hochland Park, Academia
or Dorado Park, or anywhere you like.
There is nothing particularly special about it. No luxury finishes. No swimming pool. No features that would make it stand out from dozens of similar homes.
What it does offer is something much simpler. People will always need a place to live.
The price is N$400 000. You secure financing from the bank, sign the bond documents and begin making repayments of roughly N$4 000 per month over a twenty-year period at an average 10% interest rate.
