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The Paradise Fraught with Scams Ahead
In just three short weeks, the world’s next big real estate Ponzi scheme is set to launch, with "over 4,000 gullible investors" already lining up to buy into the latest get-rich-quick scheme. The Paradigm, touted as a "world-class mixed-use development" in the heart of Cape Town’s decaying city centre, promises breathtaking views, luxurious amenities, and skyrocketing property values.
Join the Elite
For the chance to own a piece of this so-called "paradise", select investors will be able to snatch up one of the 243 premier residences starting at a "steal" of R1.75-million, with prices reaching a whoppin’ R35.95-million for the crème de la crème. And for just R100,000 less than the sticker price, you can call yours truly "The Paradigm Property Tycoon"!
Catch the Wave
But wait, there’s more! The Paradigm claims to offer a "unique chance" to invest in luxury living, with buyers able to put down as little as 10% or 30% deposits. And with projected yields as high as 18% for buy-to-let apartments, you’ll be minting money in no time. Not to mention the "powerful tax incentives" that will leave your taxman in the dust!
The Fine Print
Of course, there’s always a catch, but don’t worry, we won’t leave you hanging. The Paradigm claims to offer a "Section 13Sex tax scheme" that will give investors the chance to claim up to 55% of the purchase price as a tax deduction. Yay, more money for your off-shore bank account!
But watch out for the fine print! The Cape Town UDZ (Urban Development Zone) tax incentive is set to expire in May 2026, and who knows if these "tax benefits" will remain intact. And don’t even get me started on the "residential rentals" that will be required to claim those sweet, sweet tax deductions. Remember, folks, this is all part of the "Paradigm-shifting" experience!
Last Chance to Get Rich Fast
So don’t miss your chance to join the elite crowd of Paradigm investors. Mark your calendars for July 31st, 2024, at 1pm, and get ready to throw your hard-earned cash down the rabbit hole. Who knows what kind of returns you’ll get from this "ground-breaking development", but one thing is for certain – you’ll be part of the "buzz"!
