Africa is actually quite a vast continent and has way too many different types of economies and countries to generalize about it.

It does suck committing that much money to something each month, however you're much better off doing so to acquire a rental property than a new car :)

After all, the economy was imploding and we both had cash.

It encourages them to get the paperwork signed and deposits taken.When I was training internet sales folks for a car dealership, this was the general structure we used

Pay off your car loan.

Got a 4plex...the tenants are only allowed to park their cars there.

mhmm very interesting i can not speak for the country as a whole but i know that the other day i saw a report on cbbc about warning signs of another collapse in housing because miami phoenix and riverside ca are all very hot now with high prices etc... they also said houston and denver are also high but they are explainably high because of recent local growths in the economies based on small business growth etc.... the warning factor was that it was what happened before the last collapse phoenix miami and riverside were all hit the hardest during the collapse because they had an unnecessary inflation in home values that wasn't backed up by any actually growth spurts in the economy...now i know i may sound like a fool regurgitating cnbc but i watch every day that the NYSE is open for business and a lot of the things they say are BS but than again a lot of it is often pretty acurate and yea if i could go back to when i first moved to tucson (2009ish i think) i would have bought a few 15k houses on the south side because now there all going for 90k move in ready or even 35-40k still needing a bunch of work and people are buying them...

For example, if you get an applicant who holds any professional license, insurance agent, credit counselor, private investigator, bail bondsman, paralegal, registered gun dealer, or such others....or, who have certain jobs, armored car driver, bank employee, pharmacy worker at a hospital, nurse or many government employees, you already know these folks had to pass a criminal background check.

Buying a building without being able to thoroughly test the functionality of all its systems is a bit like buying a used car without a test drive, IMO. 

I’m broke, and will need to buy car for future wife for her to go to work, then I plan to buy my first rental property.