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Bubble hits US Golf communities
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jaggernaut
#1 Posted : Tuesday, October 30, 2012 8:08:23 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
Eti in some golf estates in the US, plots are going for $1 or even free. Hope this doesn't befall Kenya's golf estates such as Thika Greens, Longonot Gates, Sergoit etc.

http://online.wsj.com/article/SB10001424052702303703004577474563368632088.html
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itz
#2 Posted : Tuesday, October 30, 2012 8:36:04 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
it is because of all the fees,taxes considering it is expensive to maintain the golf courses.Local property taxes are definitely coming to kenya in the next few years otherwise how else do we expect to finance the county governments.
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tony stark
#3 Posted : Wednesday, October 31, 2012 2:57:28 PM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
How many people play golf in Kenya??

This Golf estates are a bubble waiting to happen. Maintaining the golf course is water, labour and financially intensive and to add salt to injury the number of people who appreciate a good course are very few.

I want to see when the stagnation. I doubt we shall have a real bubble!
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mibbz
#4 Posted : Wednesday, October 31, 2012 3:28:15 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
i have always said the golf estates are waiting for the young guys to buy them like myself.they are simply too many and are selling a lifestyle that very few are willing to invest and maintain. thats my take on this issue
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murchr
#5 Posted : Wednesday, October 31, 2012 3:41:53 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Name one existing golf estate in kenia
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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FUNKY
#6 Posted : Wednesday, October 31, 2012 3:49:15 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ murch - Vipingo golf ridge in Vipingo is still existing.
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FundamentAli
#7 Posted : Friday, November 02, 2012 9:41:20 AM
Rank: Veteran

Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
murchr wrote:
Name one existing golf estate in kenia


Great Rift Valley lodge?
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King G
#8 Posted : Friday, November 02, 2012 12:43:28 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
murchr wrote:
Name one existing golf estate in kenia


Golf course next to Kenyatta market/ngummo area! cacha!
Thieves
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kway
#9 Posted : Tuesday, November 06, 2012 2:59:41 AM
Rank: Hello

Joined: 11/6/2012
Posts: 4
tony stark wrote:
How many people play golf in Kenya??

This Golf estates are a bubble waiting to happen. Maintaining the golf course is water, labour and financially intensive and to add salt to injury the number of people who appreciate a good course are very few.

I want to see when the stagnation. I doubt we shall have a real bubble!


About 6000 golfers in Kenya and most are homeowners! But dont forget we have a growing aspirational middle class...
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murchr
#10 Posted : Tuesday, November 06, 2012 4:25:55 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
FundamentAli wrote:
murchr wrote:
Name one existing golf estate in kenia


Great Rift Valley lodge?


The reason why i asked is to exstablish if there is really bubble. The Kenyan mido crass is grwing and more and more are seeking luxury living. They dont have to be golfers but the "prestige" that comes with it will sell those estates like hot cake.

By the way, many of those who own homes at the Great Rift Valley Lodge live in Nrb
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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