5.1 Unit owners must pay a monthly levy to the body corporate - NSC Consumer Studies - Question 5 - 2021 - Paper 1

5.2.1 OWNERSHIP

• Buying: Becoming the owner of the property provides full control over the asset, allowing for modifications and the possibility of appreciation in value over time.

5.2.2 INVESTMENT

• Renting: It allows for lesser monthly expenses and provides flexibility, as tenants can move easily without the burdens of long-term commitments.

Stove A

Stove A uses both gas and electricity, whereas Stove B only utilizes gas; thus, the greater reliance on electricity in Stove A makes it the choice with the most non-human energy.

Stove B is more suitable because:

• It uses gas, which is generally cheaper than electricity.
• Gas cooking can save time and energy, therefore proving more efficient.

Total cost calculation:

• Deposit: R395
• Instalment cost: R400/month for 24 months,

Total instalment payments: $400 imes 24 = R9600$

Total price: $R395 + R9600 = R9995$

Landlords faced significant financial strain during the 2020 national lockdown due to:

1. Difficulty in collecting rent as tenants faced job losses.
2. Potential loss of tenants leading to vacant properties and loss of income.
3. Increased expenses due to maintenance and lack of rental income.