Amupolo Mvula @C63problems

Yes. Affordability does stop people, but Banks are just selling you the property at a repayment (sum) based on future projections of what the value will be by the time (20, 15, 5 years later) you make your last payment, because that is the point when you've actually bought the property. If it's a depreciating asset, by the time you finish paying it, it's worth way less than the price of those years ago, therefore they charge only the price + the cost (interest) of having their outstanding money (loan). (Interest in layman's terms is birthed from the principle that there is a foregone opportunity to make money elsewhere with my money that you have, so you may as well be that opportunity.) If it's an appreciating asset, by the time you finish paying it off, it's worth way more than the price of 20, 15, 5 years ago, therefore they make sure you buy the property at today's price, not at the price of 20, 15, 5 years ago. We need to understand that we don't buy the property at the first installment, but the last. Then you get to realize the price you're paying is what that property is worth at that point when you settle the last $. If you're buying cash, you pay N$800k right now as that is what it's worth right now. If you're going to finish your payment in 2046, that's the point you'll buy the house, so you'll pay around N$1.8 million - the projected value that property will be by that time. You'll see that when you pay cash, you only pay the price at that point. When you pay in a short period, say 10 or 5 years, the repayment sum is also less than the one for 20 years. You'll get why if you compare how much a property was worth in 2020, 2015, 2010 and 2005. Those who bought properties in 2005, 2006 would tell you the properties they are paying off this year, that are worth, say around N$1.8 million today were worth around 500k in 2006. The question is, should I (Bank or Markus) leave you (Shikongo) with a property worth N$1.8 million that you're only finishing to pay off now (buying only now), and I must benefit only N$500k? That's the whole meaning of Appreciating and Depreciating Asset. We should interrogate the Affordability of properties as it goes back to that. If we question the payment period, we may as well include the repayment period of furniture, TVs and phones (2 years, 1 year, 6 months) in the conversation and ask why we aren't allowed to pay off houses and cars in 12 months if we can pay off beds in such a period.

wolf. 🐺 @EnosMcManni

2 months ago

On the question by Nudo MP on 5 years for a car loan vs 20 years for a home loan. And I’m asking genuinely, is there anything that stops people from paying off their houses off in 5 years?? Do banks prohibit people? 🤔 #NamSONA2026

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@namibiansun Mostly Namibian, you ladies shall join their colleagues at this event. They are undercover sex workers hiding behind "girlfriend allowance and will you pay for my hair if I come to you." You ladies, please join your colleagues. It will benefit you all.

@Kasikili_ They don’t even have a promise ring.

A man can't get coochie unless the woman agrees to it. If she cheated, it was definitely her idea, not his.

wolf. 🐺 @EnosMcManni

2 months ago

On the question by Nudo MP on 5 years for a car loan vs 20 years for a home loan. And I’m asking genuinely, is there anything that stops people from paying off their houses off in 5 years?? Do banks prohibit people? 🤔 #NamSONA2026

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If you FAILED and did not hold PREVIOUS Presidents and Governments ACCOUNTABLE in the Past when you had a chance to do that, it has NOTHING to do with US. We were in Primary/High School leading our peers . We are here NOW and we take our work seriously. ACCEPT this reality or step aside because we will not stop. History is a place of LEARNING and REFLECTION but NOT a place of RESIDENCE.

@Stix_Munene1 @Sir__Max1 🤣🤣

@onlydubsX Man is just stupid.

@Stix_Munene1 I saw a lady that won. I tested myself but i failed, its not easy.

@TheNamibian Oka bank hono nee.

I think I believe him.

The Namibian @TheNamibian

2 months ago

Petrus Shikwaya (21), one of the accused in the case linked to the fatal attack on Ondangwa-based public prosecutor Justine Shiweda, told the Ondangwa Regional Court that his uncle used him without his knowledge. namibian.com.na/?p=940809&prev…

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Even the “shaish” is too sweet. They made a kind person send out insults.

𝐁𝐥𝐚𝐜𝐤 𝐉𝐮𝐢𝐜𝐞 🎱🥤 @Mutubulwa

2 months ago

Ndee uunona vamwe ovawa man 🥺❤️ Beauty >>> Brains >>> Maar nye vomovenduka inamuvaka we omasiipili man 😭😂😂

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@lions_gallagher @ywer_428 @EM_Iipinge “Do you know what is ethics”? That is the question.

@okaputu11 @paxthetruth 😂😂

Kids today will never understand this

Clearly self defense.

Namibian Sun @namibiansun

2 months ago

JUST IN: Asser Nendongo (30), who was arrested in February in connection with the fatal shooting of Windhoek bouncer David Vilyo Mbida, was granted bail earlier today by the Katutura Magistrate’s Court in the amount of N$5 000. Nendongo faces a single charge of murder. He is

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@Markosonke1 Who said we are suffering ?

@fg_aoy 🤣 wati no you

@laloba22wolf Man. America is bad news. We do that, we give them access to them controlling us. They sanction countries because they have petroDollar power, you give them internet its over.

@namibiansun @elonmusk try Angola maybe.