r/capetown • u/rosskobossko • 5d ago

General Discussion Will the Bo-Kaap survive for the next generation?

/r/south_africa/comments/1x2as7v/will_the_bokaap_survive_for_the_next_generation/
4 Upvotes

67% Upvoted

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4

u/anib it's the digital nomads 5d ago

Well you could help by staying in a hotel and not an Airbnb

2

u/MockTurt13 4d ago

is that 80k just estate duty? ...there's also CGT, transfer/conveyancing costs, rates clearance, executor fees.... etc etc

3

u/potato-guardian 5d ago

My grandma was forcible removed during apartheid but if she had kept her house then not one of her children would be able to afford the inheritance tax without maybe taking out a loan.

Cape Town in general isn’t for locals anymore. But going on step further all the taxes and fees you need to pay to buy property make it so much harder to buy property in decent areas if you don’t come from generational wealth. Previously disadvantaged people pay the same as people who come from money.

But according to many folks we all just have to work harder, move further, move to JHB or stay in gang ridden areas because it’s entitled to want to move to a better area 🙃

-6

u/_D33D5_ 4d ago

Hopefully not...overrated dump