@ redondo what if u negotiated with your employer to either
1. transfer u to a branch in rongai(u insinuated you work in a bank)
or 2. Assuming its ur wife working in the bank and you hav another job, why dont u negotiate flexible hours where u leave the house early and head back home eary. will u achieve the quality time with your family?
Having a house over ur head is usually a top priority and from the discussion there are many assumptions i.e.
1. that you wil sell a house at a high profit 1.5M
2. that you will get a piece of land to buy that you can build on make returns on.
What if your plans fail u may have 1.5M but not enough to buy the piece of land.

i think the question you need to ask yourself is whether you want to make money or you want to be happy. If you want to be happy gravitate towards what your wife wants.. as for making money..

the discussions here have been very long on feelings and emotions and short on looking at the facts on the ground. A 1.5m return in such a short time is the dream of any investor anywhere. The only reason you have 'made' such a return is due to the market as it is. to expect to make similar returns going forward is naive. Property is the in thing and money is being made... but only for awhile. it will correct. depending on activities in the indian ocean is not a very wise investment strategy. if i were you

Sell a house to buy share. Kwani we never learn. Loans to buy share now sell house to buy shares. Farmer an undying faith in our shaky stock market and you are the one who seems to be long on emotions in your advice.
@ redondo from what you said if the house can pay the mortgage through rent well i think your wife's idea is better. Let the house pay for it self the value will increase as opposed to what farmer thinks housing will not improve in Nairobi and the burbs will be the rongais and the kitengelas. I hope im proved wrong and the bubble burst but the reality is that there is real demand. My advice is rent in nairobi and use the 5000 to add to the loan repayment. 1.5m is peanuts for housing or land in Nairobi proper you will need a top up mortgage.
Just to add there is another thread here land in Ngara is being sold at 120 million per acre and there are 40 acres and they will be sold what the hell thats over 4.8 billion.

@all.Good replies.From experience i'd advise that you sell that house and move to the city.One thing about us Kenyans is that we have a very weird obsession with land and property.A budDy of mine lives in Athi-River.He wakes up at 4.30 daily.Takes 30 minutes to prepare himself and and kids takes another 20 min to drop his kids to school,they sleep in his car for around 30 minutes and another 45 to drive to work.He goes through this routine everyday if he has to avoid the the traffic jam and make it to the office in time.WHAT PLEASURE IS THIS. As Akowally had suggested you could sell that house and put the same into property buying and selling.In a span of a few years you will be choosing which side of Nairobi to reside in.My two cents

One piece of advice i will give u,u can never go wrong with property!

Keep the hse, rent it out, move 2 the city n live life 4 as long as the xpected rent can pay the mortgage.

wazua People,
Iam glad to inform you that my family has decided to move to south B. we are letting our Rongai house. We think that its a move in the right direction. The jury is still out though