Rank: Member Joined: 3/26/2012 Posts: 830
|
I never understand why people even bother to buy apartments etc if they can't get the title deed to the land. The developers then charge them service charges that almost match the rent in that area. I maintain that no sober investor should buy property without full ownership of the land. Leave apartments to the "know it all" young professionals who get shafted because they want to show off their address. Personally,I will never buy an apartment,and would rather buy land and build a townhouse,an apartment block to rent out,or be a happy tenant. Money should buy you freedom,but in deals like this Casa Mia case,it doesn't serve its purpose A successful man is not he who gets the best, it is he who makes the best from what he gets.
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
|
S.Mutaga III wrote:I never understand why people even bother to buy apartments etc if they can't get the title deed to the land. The developers then charge them service charges that almost match the rent in that area. I maintain that no sober investor should buy property without full ownership of the land. Leave apartments to the "know it all" young professionals who get shafted because they want to show off their address. Personally,I will never buy an apartment,and would rather buy land and build a townhouse,an apartment block to rent out,or be a happy tenant. Money should buy you freedom,but in deals like this Casa Mia case,it doesn't serve its purpose this is true kabisa. im seeing a bubble burst somewhere soon.. Shafting continues.....
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar.
|
|
|
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
|
enyands wrote:S.Mutaga III wrote:I never understand why people even bother to buy apartments etc if they can't get the title deed to the land. The developers then charge them service charges that almost match the rent in that area. I maintain that no sober investor should buy property without full ownership of the land. Leave apartments to the "know it all" young professionals who get shafted because they want to show off their address. Personally,I will never buy an apartment,and would rather buy land and build a townhouse,an apartment block to rent out,or be a happy tenant. Money should buy you freedom,but in deals like this Casa Mia case,it doesn't serve its purpose this is true kabisa. im seeing a bubble burst somewhere soon.. Shafting continues..... this has nothing to do with a real estate bubble, it's just "normal robbery" 
|
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inner city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for?
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Nabwire wrote:hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inner city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for? I think it depends on the city, some suburbia accept apartments as long as they are not several blocks or congested and the amenities (parking, landscaping etc) are a match to those in the suburb. Lakini what am reading here ati 1/12 of a plot..that's a slum. Residents of some dorm cities hosting several suburbs will vote whether to or not to have apartments. "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
.
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
Nabwire wrote:hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inneru city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for? So what is the problem? I never talked of apartments in surburbia. Who the hell would think of apartments in surburbia? All i said is that in surburbia you can raise a family and do some gardening.
|
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
hardwood wrote:Nabwire wrote:hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inneru city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for? So what is the problem? I never talked of apartments in surburbia. Who the hell would think of apartments in surburbia? All i said is that in surburbia you can raise a family and do some gardening. You made the unholy sin of comparing Casa Mia, found in the bundus to suburbian houses in the developed world without even batting an eye lid! Then went on to castigate inner city apartments. Apart from that, no other problem detected!
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,353 Location: Nairobi
|
hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. Not in NYC. Or the Bay Area [San Francisco]. Crazy prices in/near their CBDs. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: New-farer Joined: 5/22/2014 Posts: 56
|
Daly City is a Suburb of San Francisco.. Studio = $1800.. 2Bedroom = $4500.
|
|
|
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|