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Waiting to exhale on this Nairobi City!!!!
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Pesa Nane
#71 Posted : Thursday, November 29, 2012 11:00:30 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Rapudox wrote:
@Pesa Nane..Word!

Beware:
Quote:
The CBK third quarter report indicates that real estate borrowers contributed highest to the number of non-performing loans over the third quarter when gross non-performing loans increased by 5.6 per cent to Sh60.74 billion in September 2012, from Sh57.5 billion in June 2012."
And that is just a tip of the iceberg because as far as these 'cash buyers' are concerned
Quote:
"Prof Ndung’u said the fear is that most people might be taking personal loans to finance housing projects."
SOURCE
Pesa Nane plans to be shilingi when he grows up.
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ChessMaster
#72 Posted : Thursday, November 29, 2012 11:14:25 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
@Pesa Nane - That CBK report sealed the deal for me.
Uncertainty is certain.Let go
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dunkang
#73 Posted : Thursday, November 29, 2012 11:36:50 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Dear developers,
I want first to congratulate you on your hardwork in providing shelter to many.

There is no shortage of buyers of houses in this green city under the sun. Kindly up your game and double your output especially on those 'executive luxury' apartments in kilimani and hurlingham areas. You can also add a golf course on the roof.

It is by this way that i will be able to migrate from these dirty slums of eastlands where i was born and lived for the last 30 years of my life.

Yours Sincerely,
Dukang
Receive with simplicity everything that happens to you.” ― Rashi

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iKenya
#74 Posted : Friday, November 30, 2012 1:29:30 AM
Rank: Member

Joined: 7/27/2008
Posts: 241
Pesa Nane wrote:
Beware:
3. Cash Buyers. Most of these buyers can afford a single unit but pay the 10% off-plan deposit for several units. They aim to sell on completion without even paying full amount, strategy of transfer of rights to third parties. The domino will start when these 'cash buyers' have no-one to sell to on completion of projects



Walala!!
Quote:
Buy when there's blood in the streets, even if the blood is your own...
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ChessMaster
#75 Posted : Friday, November 30, 2012 2:10:46 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
A big percentage of the Kenyan population is youth. Youth unemployment is high and the average employed Kenyan youth salary is really not high. A good number of them are also being posted outside Nairobi.Isn't this going to affect the real estate market which is banking on this? To top this off,won't future population estimates fall short of the mark because of high unemployment,low salaries and the current trend of people getting married late and having children even later?
Uncertainty is certain.Let go
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Seles83
#76 Posted : Friday, November 30, 2012 4:01:38 AM
Rank: Member

Joined: 11/9/2007
Posts: 288
Location: OZ
I pity the guys waiting for crush..with mortgage rates at 19% and u r talking of a crash..with the rising wages and new FDI..

Africa is projected to grow for the next 30 yrs...minor dips here and there.. expected!!

Save up and leverage up!!..OR Continue whining and complaining...

World is current experiencing wealth transfer from West to East and finally to Africa..where it all started!!..

You can be part of it..or watch it happen..nothing can stop it!!

Expect very big shopping malls, more airports, major freeways, more investment in energy and more industries coming to Kenya...Africa is the next China...

BUT OFCOURSE IF YOU START KILLIN YOURSELVES LIKE 2007....YOU WIlL BE LIKE LIBYA NOW!
More monies, more problems...
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  | | Edit by user: Friday, November 30, 2012 4:03 AM | Reason: Not specified
ChessMaster
#77 Posted : Friday, November 30, 2012 5:29:44 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
@Seles83 - 19% is ridiculously high for a mortgage. Africa is projected to grow yes,but where will the resources come from? Between 2030-2050,depending on which expert you follow,world resources will be depleted what will support growth?
Uncertainty is certain.Let go
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murchr
#78 Posted : Friday, November 30, 2012 5:51:02 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
ChessMaster wrote:
@Seles83 - 19% is ridiculously high for a mortgage. Africa is projected to grow yes,but where will the resources come from? Between 2030-2050,depending on which expert you follow,world resources will be depleted what will support growth?


Really???? Please stop watching those conspiracy theory documentaries and youtube channels, and read take time to follow hot money
"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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ChessMaster
#79 Posted : Friday, November 30, 2012 6:09:18 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
In less than 200 years we have managed to plunder the world of resources that took it millions of years to build. That is a fact. Lets talk facts,oil is running out with no realizable energy solution in the near future!Fact,air,water and land pollution are at highs never seen in recorded history!Fact,metals are running out!Fact,arable land is running out!Fact,ecosystems and species are dying out! Now tell me the conspiracy in that or what delusion I hold in my statements.
Uncertainty is certain.Let go
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murchr
#80 Posted : Friday, November 30, 2012 6:42:32 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
ChessMaster wrote:
In less than 200 years we have managed to plunder the world of resources that took it millions of years to build. That is a fact. Lets talk facts,oil is running out with no realizable energy solution in the near future!Fact,air,water and land pollution are at highs never seen in recorded history!Fact,metals are running out!Fact,arable land is running out!Fact,ecosystems and species are dying out! Now tell me the conspiracy in that or what delusion I hold in my statements.


Please subscribe to online oil magazines, everyday, oil is struck almost everywhere in Africa. Fact, Africa has the largest water reserve, fact, Africa has the largest chunk of arable land,. People will not stop existing because china is hording resources or because butterflies are going extinct. I always like to quote darwin....Survival for the fittest...learn to survive or cease to exist.
"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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