Vj - thanks to you and Marty for passing some good info

The last time someone in our bank took a mortgage at 2%, it was valued at around 4.5m but she will pay at 20k for the next 22years (note the 2%interest only coz she is a bank employee.......

Another week another bubble debate.

Continue Harmu questioned this line of thought: (Those bandying around these numbers) should first educate (themselves) before commenting. Please note that (those saying the boom is healthy) are in this business on a day-to-day basis and would have a better feel than you, the kawaida mwananchi who reads it in the papers. Kenyans need to stop comparing Kenya with the US; these are completely different markets. Masumbi replied: I am comparing incomes to prices. The per capita income in the US is around $48,000 (Sh4 million) while in Kenya it is $820 (Sh70,000). The average price of a two-bedroom apartment in the US is around $80,000 (Sh6.8 million) while the lower-end price of a two-bedroom apartment in the “leafy suburbs” of Kenya is around $120,000 (Sh10 million). The average middle-class income in Kenya is $600 (Sh50,000) while it is $50,000 (Sh4.2 million) in the US. During the height of the bubble in the US, people used to boast that prices would never collapse because America is an economic giant. Kenya cannot defy gravity. It is a matter of when rather than if. Webed gave Masumbi the trophy: Verdict: Masumbi wins. I like the logical yet factual arguments you present. I suspect you are a realtor.

Madam Admin should contact the DN Writer and ask 4 a fee. This peeper (Guest) should pay