A little insight into South Africa's housing market, according to one of the biggest banks here, the fastest growing market is in ‘group buying’, where groups of up to 12 people buy a home collectively, which rose 36% in the last 6 months alone.
Group buying has been slowly growing when it first came about it was up to 8 people, now its up to 12 and groups can acquire home loan for up to 30 years.
When you have low wages and low employment, you have to get creative to feed the the ponzi
