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Crackdown on property owners
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KulaRaha
#21 Posted : Wednesday, December 09, 2009 12:06:57 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Waiting for a real estate price correction in Kenya is like waiting for beer to go back to 25 bob HAHAHAHAHAHHAHAHAHA

Remember, the bulk of real estate is purchased for CASH, yes CASH. Very few mortgages, and developers rarely get bank facilities for longer than 5 years.

So, really, pls keep keep waiting, but dont grow old waiting, have a 150 bob beer while waiting!!
Business opportunities are like buses,there's always another one coming
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Much Know
#22 Posted : Wednesday, December 09, 2009 12:27:50 PM
Rank: Elder


Joined: 12/6/2008
Posts: 3,548
@bwenyenye...i have always been concerned about the Ministry of Agriculture being headquartered in Nairobi rather than Nakuru which is in better reach for farmers from central, rift valley, western kenya, Nyanza etc. What is this Ministry doing in Nairobi?

The langata barracks is some hundreds of acres of sleeping/drinking/langaing dens for a measly 3000 or so soldiers but could solve inner city housing in one master stroke. Move this guys to Naivasha to keep them close to Keroche. Also trim the size of the Moi air base(while at it rename it) and auction it to a developer.
A New Kenya
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The General
#23 Posted : Wednesday, December 09, 2009 12:46:54 PM
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Joined: 6/3/2006
Posts: 553
@ Much Know,

You can't be serious.
The thicker the thigh the sweeter the pie.
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popat
#24 Posted : Wednesday, December 09, 2009 12:59:31 PM
Rank: Member


Joined: 12/2/2009
Posts: 299
Location: kenya
Been thinking instead of worrying so much about the bubble busting i believe one better be game and get a piece of the cake as long as it lasts.In Nairobi land will always be scarce,every other kid born shags aspires to grow and migrate to Nairobi.A visionary invester should put his money in real estate.It has been tested over the years that one can never go wrong on this one.
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Much Know
#25 Posted : Wednesday, December 09, 2009 1:00:36 PM
Rank: Elder


Joined: 12/6/2008
Posts: 3,548
General
Kwani you a soldier for real ama? I was just "generalizing" their tabias.I am quite serious though and would not mind a good repudiation to my suggestions. What is the ministry of agriculture and hundreds of acres of land of barracks doing in the center of the city?
A New Kenya
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Waria
#26 Posted : Wednesday, December 09, 2009 4:34:43 PM
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Joined: 10/11/2007
Posts: 213
@GG agree.. We need to look at the new constitution..suddenly previously dead towns will become regional HQs ...Need to move in on prime pieces ala kirima/karume style
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Waria
#27 Posted : Wednesday, December 09, 2009 4:35:15 PM
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Joined: 10/11/2007
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@GG agree.. We need to look at the new constitution..suddenly previously dead towns will become regional HQs ...Need to move in on prime pieces ala kirima/karume style
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Waria
#28 Posted : Wednesday, December 09, 2009 4:35:49 PM
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Joined: 10/11/2007
Posts: 213
@GG agree.. We need to look at the new constitution..suddenly previously dead towns will become regional HQs ...Need to move in on prime pieces ala kirima/karume style
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VituVingiSana
#29 Posted : Wednesday, December 09, 2009 8:08:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,077
Location: Nairobi
@GG - Well, the reasons folks ran to Sandton is coz Jo'burg CBD is no-go after 6pm. My cabbie was getting nervous & told me he does not pick passengers in CBD after 6pm!

In Nairobi, the move was from CBD to Upper Hill...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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anasazi
#30 Posted : Wednesday, December 09, 2009 9:25:19 PM
Rank: Veteran


Joined: 6/8/2007
Posts: 675
Actually if the gava spread out government functions as suggested, we would have less congestion. EG min of agriculture as suggested to Nakuru etc
Form is temporary, class is permanent
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Waria
#31 Posted : Thursday, December 10, 2009 5:17:41 AM
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Joined: 10/11/2007
Posts: 213
@GG agree.. We need to look at the new constitution..suddenly previously dead towns will become regional HQs ...Need to move in on prime pieces ala kirima/karume style
Lokk at whats happening in ?Nanyuki with the nakumatt mall
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JeanLucPiccard
#32 Posted : Thursday, December 10, 2009 6:56:11 AM
Rank: New-farer


Joined: 12/9/2009
Posts: 23
Location: Nairobi
Actually need to finish reading that draft... too much work to do. Sijamaliza kusoma
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Shefad
#33 Posted : Thursday, December 10, 2009 7:05:26 AM
Rank: New-farer


Joined: 12/3/2009
Posts: 12
Location: Nairobi
The gold is in satelite towns i,e thika, limuru, machakos etc which are in the wider metropolis. Thats where the next action will be and has already began! Cheers
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FundamentAli
#34 Posted : Thursday, December 10, 2009 7:08:47 AM
Rank: Veteran


Joined: 11/4/2008
Posts: 1,289
Location: Nairobi
See story in todays Nation about amount of money the Guy behind the cache is operating. Could the regional wars be the source of cash? DRC, Somalia etc
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VituVingiSana
#35 Posted : Thursday, December 10, 2009 7:49:51 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,077
Location: Nairobi
@fundamentali - That narok jamaa sounds like a preparation for Mau 'resistance'. Pre-Election Violence...

kwani these politicians can't wait till 2013 to unleash?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kimoh
#36 Posted : Friday, December 11, 2009 9:57:29 AM
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Joined: 1/11/2008
Posts: 3
kenya is liberal market as pertains to property and the price is purely to a large extent based on willing buyer willing seller. For as long we have someone willing to pay 20m for a house in mugoya, then i can as well sell without a care in the world of what the true value is was or will be in 5 years.
We also are having a strong middle class which is willing, tho in struggle, to pay for flats which would otherwise retail at 4M may be for up to twice that price, thus pushing price up..

So at the end of the day its willing buyer willing seller, and with the Mogadishu money flowing in, no property crash in the foreseeable future
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Layman
#37 Posted : Friday, December 11, 2009 1:42:00 PM
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Joined: 9/21/2006
Posts: 422
Location: Nairobi
Maybe you would have put it as "willing buyer unwilling seller" meaning there is more cash looking for sellers hence pipo just sell not bacuse they want to sell but because theres somebody with money and dangling it around.
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VituVingiSana
#38 Posted : Tuesday, December 15, 2009 9:07:52 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,077
Location: Nairobi
@layman - Your example is a 'Willing buyer, Willing Seller' example... everything has a price...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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