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Dead Capital: by Bitange Ndemo
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chemos
#11 Posted : Thursday, January 23, 2014 6:27:24 PM
Rank: Elder

Joined: 11/28/2006
Posts: 1,799
Have been to his rural house and its true he has only used it about 2 times as confirmed by the caretaker.... big house unused and with all the modern luxury... maize harvested is kept in one of the rooms...
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jaggernaut
#12 Posted : Thursday, January 23, 2014 8:17:34 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
chemos wrote:
Have been to his rural house and its true he has only used it about 2 times as confirmed by the caretaker.... big house unused and with all the modern luxury... maize harvested is kept in one of the rooms...


If only he had built it in Nairobi (like Miguna did in Runda), he would be living in it or collecting rent, instead of the current situation whereby he has to pay someone to maintain it, and is using it as a maize store.
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jerry
#13 Posted : Thursday, January 23, 2014 8:39:36 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
He can rent to a school principal!
The opposite of courage is not cowardice, it's conformity.
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Rankaz13
#14 Posted : Friday, January 24, 2014 9:17:21 AM
Rank: Elder

Joined: 5/21/2013
Posts: 2,841
Location: Here
Quote:
Our culture must be looked at from a future sustainability point of view. We must plan for the future generations by provisioning land for agriculture and build communities around urban set ups with proper property rights. Property that can be useful now and in the days to come and is transferrable. Hernando de Soto said, “When you look at 19th century America or 18th and 16th century Europe, all of a sudden it’ll become clearer that … the thing that broke the back of poverty and privilege in developed countries in the past was when property rights came around and destroyed feudal title.” This therefore will mean that we do away with much of the current cultural practices on land. Create a common cemetery and all other common infrastructure.


Hicho ni kibarua kikubwa!
Life is like playing a violin solo in public and learning the instrument as one goes on.
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washiku
#15 Posted : Friday, January 24, 2014 9:37:52 AM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
Rankaz13 wrote:
Quote:
Our culture must be looked at from a future sustainability point of view. We must plan for the future generations by provisioning land for agriculture and build communities around urban set ups with proper property rights. Property that can be useful now and in the days to come and is transferrable. Hernando de Soto said, “When you look at 19th century America or 18th and 16th century Europe, all of a sudden it’ll become clearer that … the thing that broke the back of poverty and privilege in developed countries in the past was when property rights came around and destroyed feudal title.” This therefore will mean that we do away with much of the current cultural practices on land. Create a common cemetery and all other common infrastructure.


Hicho ni kibarua kikubwa!


smile I know. Ati so n so walitupa mtu wao. Lol
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Rankaz13
#16 Posted : Friday, January 24, 2014 10:44:30 AM
Rank: Elder

Joined: 5/21/2013
Posts: 2,841
Location: Here
washiku wrote:
Rankaz13 wrote:
Quote:
Our culture must be looked at from a future sustainability point of view. We must plan for the future generations by provisioning land for agriculture and build communities around urban set ups with proper property rights. Property that can be useful now and in the days to come and is transferrable. Hernando de Soto said, “When you look at 19th century America or 18th and 16th century Europe, all of a sudden it’ll become clearer that … the thing that broke the back of poverty and privilege in developed countries in the past was when property rights came around and destroyed feudal title.” This therefore will mean that we do away with much of the current cultural practices on land. Create a common cemetery and all other common infrastructure.


Hicho ni kibarua kikubwa!


smile I know. Ati so n so walitupa mtu wao. Lol


Exactment!!
Life is like playing a violin solo in public and learning the instrument as one goes on.
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arkard
#17 Posted : Friday, January 24, 2014 1:31:59 PM
Rank: New-farer

Joined: 9/24/2012
Posts: 63
EndowGaze wrote:
2012 wrote:
Great article!

In 1993, I quit my $60,000-a-year job in the United States of America as a Senior Financial Systems Analyst to come home. The 1992 elections had just ended and the country was grappling with hyperinflation as a result of too much money chasing too few goods.

It was rumoured that cash had been printed to bribe voters. Central Bank, in an effort to mop up excess liquidity, raised interest rates to 70 per cent. This meant that banks had no motivation to lend to consumers since Treasury Bills paid more than they could earn anywhere. My more than five years savings of $160,000 (about 20 million in today’s exchange rate) went up in smoke. My saving grace was a ten-acre piece of land I bought in Kajiado. The rest was converted into dead capital in form of a small rural home.

Broke, jobless and just married, I found myself hustling as a real estate agent until a relative asked me to join her in exporting horticultural products to Europe. I drove her three-ton canter into Murang’a and Kirinyaga in search of French beans, passion fruits and snow peas….


http://motherboard.vice....test-train-in-the-world

Kisii is 308km from Nairobi and if we would stop all this corruption and wastage in government, with the right investment we would be in Kisii from Nairobi in 30 mins!!!!


In the meantime before 'we' stop, it would be wise to heed Ndemo's advice. Personally i have seen the reason to build a mansion at the rural home, it's even worse when every brother put up a house yet the only visit during the December holidays.
Above all, guard your heart, for it is the wellspring of life.
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accelriskconsult
#18 Posted : Friday, January 24, 2014 4:22:38 PM
Rank: Member

Joined: 4/2/2011
Posts: 629
Location: Nai
I read Bitange's article with a lot of interest and agreed with many of his arguments. However, many Africans who have lived outside the motherland will also tell you that they have been to places and lands that have no 'soul'. What they mean is that they don't feel grounded spiritually in those lands. Our ancestors connect us to the soil hence the urge by most Africans to build at their 'nyalgunga'
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a4architect.com
#19 Posted : Friday, January 24, 2014 4:50:39 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Very interesting writing by Dr Ndemo. Most Kenyans who can afford savings of around kes 1m usually end up buying land far way from nairobi in sinya, kajiado, kangundo etc . This land can not be used to contruct houses to live in since its too far from nairobi. The land cant be developed into rentals since there is no one to rent it. The kes 1m therefore becomes dead capital.

This money could have been used in better real estate ventures such as this one here

http://www.a4architect.c...joint-investment/page/4/
As Iron Sharpens Iron, So one Man Sharpens Another.
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WWW BLOG
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For Sport
#20 Posted : Saturday, January 25, 2014 7:48:50 AM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
I have also never understood the logic of building a house upcountry then continuing to pay rent in town. Wasted capital
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