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(From Financial Mail)
HOUSING Creating low-cost homes The Johannesburg Housing Co creates a sustainable business You probably don't own your own place yet, but once you graduate and start getting a steady paycheque, it may become a priority to spend your hard-earned cash on a mortgage, instead of pouring it into the black hole of rent.
Real estate is generally seen as one of the most solid and secure of investments. But that isn't always true. In the early 1990s, residents and companies in downtown Johannesburg packed their bags and fled north to the suburbs. Property values dropped like a rock. Crime and grime took over. Now the Johannesburg CBD is …