- Prince Kaybee has warned South Africans not to buy property amid the Covid-19 pandemic
- The DJ said from his personal experience, rental property can take peeps from rags to riches but it can also take away their riches
- Some tweeps believe that the musician was taking cheap shots at Mzansi celebs who had advised people to buy property
Prince Kaybee has warned South Africans not to fall into the trap of buying property amid the Covid-19 pandemic.
This is after many peeps, including celebs, have been saying this is the right time to invest in property due to the effect of the Covid-19 on the Mzansi economy.
Kaybee cautioned people not to fall into the "hype".
"We push the hype of property making money over facts about how many buyers put their salaries, pensions and savings at risk buying properties that will never make them profits sold under misguided 'buy property today get rich tomorrow' messaging."
The Uwrongo hitmaker said from his personal experience, rental property can take peeps from rags to riches but "it can also take away your riches".
"I think I have bought three if not five student units from people that sacrifised their savings/pensions to buy rental property and they never see profit then being forced to sell for less than what they bought because they are desperate."
Many social media users thought Kaybee was throwing shade at other celebs who had been telling people to buy property amid the lockdown.
"You like to sub other celebs Kabelo, from there you play victim... Just give advice about property man and stop coming side ways to other celebs."
"This Prince Kaybee character is confusing/funny. Last time he wanted people/celebs to not talk about property, now he can?"
Briefly.co.za reported that Kaybee was embroiled in a twar with Black Coffee. Kaybee shaded Coffee's friend, DJ Euphonik, and Mzansi celebs after a tweeter user, Koshiek Karan, dragged him for urging people to purchase property amid the Covid-19 pandemic.
Kaybee said celebs watch a few YouTube videos and then try to sound intelligent afterwards.
Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!