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Euphonza vs KK Brawl
A @mbali_ndlela threaduction-esque analysis:
Like corona which appeared from nowhere to devastate many a soul, so did an “innocent” tweet by Euphonza the DJ and Property Investor urging people to buy
NB: No commercials. This was an action packed movie.
A @mbali_ndlela threaduction-esque analysis:
Like corona which appeared from nowhere to devastate many a soul, so did an “innocent” tweet by Euphonza the DJ and Property Investor urging people to buy
NB: No commercials. This was an action packed movie.
KK, an investment banker, an accounting charter holder and a street fighter had an easy picking. He seems to love these brawls.
If it smells like economics and finance, he will grab the opportunity to throw his punches...
If it smells like economics and finance, he will grab the opportunity to throw his punches...
KK has the best recipe for fried eggs. Put lots of oil for juice, add sugar for sweet flavour, add some salt to balance it up and two tablespoons of curry for colour.
He will rip the counter top and smash you with it if you dare disagree with him on the best recipe..
He will rip the counter top and smash you with it if you dare disagree with him on the best recipe..
A wrestler of note. It’s a great sport for him. He has gathered a decent following.
This was the easiest fights the gods would land on his lap. The venue was his territory and the DJ was just a novice in the sport, in an away game..
This was the easiest fights the gods would land on his lap. The venue was his territory and the DJ was just a novice in the sport, in an away game..
So it happened that the DJ put out in a tweet, a piece of advice urging would be property investors to take advantage of the low interest rate and buy.
He believes in property investment like a forex trader believes in forex as an easy way to riches.
He believes in property investment like a forex trader believes in forex as an easy way to riches.
There is always an unsuspecting crowd waiting for free advice on when and how to buy property. Property investment has always been touted as a solid way to riches.
“Property always appreciates, therefore your can’t lose”, many have had this line. Look at who punt this and
“Property always appreciates, therefore your can’t lose”, many have had this line. Look at who punt this and
..judge for yourself if this is likely true or not. Banks and property developers are the big sponsors of such marketing.
In property, you make money when there are more and more people who believe this lie. So indeed it’s true you can make good money from property...
In property, you make money when there are more and more people who believe this lie. So indeed it’s true you can make good money from property...
But this is exactly how that money is made: network marketing.
These marketers make you believe that your 3 bedroom house will over time, miraculously grow more bedrooms, it’s walls will strengthen, its paint becomes more beautiful..they believe it behaves like an antique.
These marketers make you believe that your 3 bedroom house will over time, miraculously grow more bedrooms, it’s walls will strengthen, its paint becomes more beautiful..they believe it behaves like an antique.
We all know that houses get dilapidated with time hence there is need for renovations, an additional cost. The running costs themselves can be high and are forever rising.
So, one thing for sure, the costs of housing are always rising, not so much the value.
So, one thing for sure, the costs of housing are always rising, not so much the value.
So should people not take advantage of the current market conditions and buy property? Was the DJ wrong?
For a person wanting and ready to buy property, particularly for personal residence, of course this is the period to start looking. House prices haven’t reacted ..
For a person wanting and ready to buy property, particularly for personal residence, of course this is the period to start looking. House prices haven’t reacted ..
..to the current market conditions so buying today may have very little benefit. South African markets are stubborn because they are controlled by a few players. Don’t expect much reduction in house prices.
To jump in and buy now purely based on low interest rates is myopic.
To jump in and buy now purely based on low interest rates is myopic.
This makes the DJ’s advice not good.
It’s easy to understand where he is coming from. This is the best time for network marketers to get more people into the game.
There is mention of house prices already being down ..this would have started before corona. This notion is ..
It’s easy to understand where he is coming from. This is the best time for network marketers to get more people into the game.
There is mention of house prices already being down ..this would have started before corona. This notion is ..
..as good as believing that your designer item is on a 50% off special and you save 50%. It’s all illusionary.
They will have marked it up ridiculously high in the first place hoping you would afford and buy it..when you don’t they say you save the discount....you are played.
They will have marked it up ridiculously high in the first place hoping you would afford and buy it..when you don’t they say you save the discount....you are played.
Well, it wasn’t long before word got around that there was a roasting of the DJ.
The crowd swelled ..this was not to be a property investment discussion but a roasting of a perceived “bully” ...what a better match than with a street fighter fighting in his territory against ..
The crowd swelled ..this was not to be a property investment discussion but a roasting of a perceived “bully” ...what a better match than with a street fighter fighting in his territory against ..
..a novice participant?
The first salvo by the banker aimed at the property guru was straight at his gonads.
“Ouch!!!” He retorted, feeling that below the belt pain...
The crowed giggled and loved seeing him writhing in pain. He had apparently proven quite a cocky..
The first salvo by the banker aimed at the property guru was straight at his gonads.
“Ouch!!!” He retorted, feeling that below the belt pain...
The crowed giggled and loved seeing him writhing in pain. He had apparently proven quite a cocky..
..fighter in his previous public brawls.
He lamented the unfairness of the punch into his cojones. He didn’t expect a fight to start with. He was not invited to any and just like that one had ensued.
He lamented the unfairness of the punch into his cojones. He didn’t expect a fight to start with. He was not invited to any and just like that one had ensued.
The banker had rubbished his advise based on the fact that he was a DJ and not an expert in investments.
To be fair, the DJ didn’t argue that he wasn’t an expert. He sought to list his achievements which make him a voice to be heard..
To be fair, the DJ didn’t argue that he wasn’t an expert. He sought to list his achievements which make him a voice to be heard..
The banker was not interested...he was here to collect his belt.
A fellow DJ joined in the protest, trying to get the fight to have some decency. He got the same punch. He was said to be a “DJ of some sort”..
It must only please a fellow bully to hear someone’s idea being..
A fellow DJ joined in the protest, trying to get the fight to have some decency. He got the same punch. He was said to be a “DJ of some sort”..
It must only please a fellow bully to hear someone’s idea being..
..ridiculed just because of their background. DJying is a noble career and can give better returns than most bankers can ever get.
There is no superior career between the two. Preferences, timing and opportunity place one where they are.
There is no superior career between the two. Preferences, timing and opportunity place one where they are.
The DJ had been hurt badly. The crowds clapping, whistling and shouting “mshaye!!!” must have deafened the DJ and blinded him. It was a severely unfair fight.
“Yena aya kwii?” some were heard arguing.
“Yena aya kwii?” some were heard arguing.
There was a lot of emotion on the DJ’s responses. This played into the crowd and the banker.
The DJ mentioned other things about banking, digging himself deep into the mud...at this time there was no coming back.
The DJ mentioned other things about banking, digging himself deep into the mud...at this time there was no coming back.
Many lessons were learnt by those who joined the spectatorship to learn a thing or two. Many things wrong. Many would have been left in the lurch.
Remember, the best place to invest is in innovation. Always look for solutions to societal problem and sell those ...
Remember, the best place to invest is in innovation. Always look for solutions to societal problem and sell those ...
The established markets don’t leave much opportunity for people to make money...there is no free lunch. Arbitrageurs don’t sleep. It’s a taxing art.
Property investment works better when there is a constant supply of people who believe the lie.
Build and sell a house to..
Property investment works better when there is a constant supply of people who believe the lie.
Build and sell a house to..
Make profit ..buying a house hoping to resell it at higher prices is a fallacy if profit is the objective...the costs of holding a house are often understated by developers, agents and banks alike.
Houses lose value over time. It’s the costs that certainly increase overtime ..
Houses lose value over time. It’s the costs that certainly increase overtime ..
After 20 years a house will likely require a heavy injection of money to keep it up to standard...you may even have to demolish it to build a new structure...that should tell you it has zero value..
The End.
The End.
