SWAZILAND: Rising house prices cause concern

[ckramer]

Busa Tsabedze, 27, a junior executive with the Swaziland branch of a South African bank, and Moses Dube, 62, a retired factory foreman at the end of his career, have one thing in common: they cannot find an affordable house in an urban area.

Frustrated by their inability, they have resorted to building their own homes on the edge of town, despite the risk that city authorities could demolish the structures, which do not have approved plans or other municipal permits.

"I am at the point in life that I must have a house to start a family, and have property to build my estate - but you cannot find a house any more that is at a price people can buy," said Tsabedze.

"Look at the prices in Mbabane," added Dube. "R1 million for a three-bedroom house! There is nothing for a working man like me who has some pension money coming."

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Alan Greenspan in America wouldn't give this a fvck.

[SteppingRazor]

1. I fear I will lose little sleep...

Given that I can't afford a house right here in Florida, I'm somehow not too hep on worrying whether Swazilanders can afford to do the same. Sad but true :(

On edit: I LOVE their solutions, though -- just build your own house! Can you imagine doing that here? It'd be sweet ... until they tore it down, of course.