How can it be, that a Nairobi-Bred Ex-Eastlander with monthly savings of about 150,000Kshs cannot afford a family home in the Upmarket (Lavi, Kile, Thome, Kitisuru etc) areas of this CITY???
What if somebody doesnt want to live 30-40kms away from the CBD, doesnt want to buy that shady overpriced apartment in leafy areas...?? And who the hell goes for a mortgage @20% interest rate??.This rate means paying up to 4 times the original price after 20yrs or so!
There is no way, absolutely no way that house in Karen or Nyari for 50M, will be worth 100M (1M$) in 15 years....People keep on saying, there will be no bubble burst....ehh??, How is this going to work out, are they for real??..Even if those properties are bought for cash....any right thinking person would expect no value appreciation, at least in the next 10-20yrs. Its totally insane

. For 50M, one could buy at least 2 solid good homes in good eurpoean cities. Its heartbreaking, to realise that you can afford a home in western cities, but you cant afford that "same home" in your home city....even when you have reached a level, where you monthly earnings are at least 6 times the per capita income of Kenya......very frustrating