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BuruBuru history. Very interesting
Country Girl
#11 Posted : Monday, September 03, 2018 3:24:33 PM
Rank: Hello

Joined: 8/30/2018
Posts: 6
If Kenyan government really followed the law, they would make urban planning and development a priority. We are growing at a very fast rate and the government is not planning adequately. Proper allocation of land,proper roads built that doesn't pass through someone's home like as if you are in a maze, proper underground sewage system and power lines. The way this government is wasting wanainchi's money to line their pockets is shameful.
tony stark
#12 Posted : Monday, September 03, 2018 3:28:01 PM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
wukan wrote:
MugundaMan wrote:
Wukan,
"LOANS" seem to be the central component of all your stories on matters real estate hapa.
On units. Have you even been to dust bowl let alone know what estates and numbers of units are coming up there? smile Highly doubt it but you can prove me wrong.


I gathered from one of your posts you've been majuu so you know about Fannie Mae and Freddie Mac and credit unions. Hakuna real estate without loans. Until recently I used to maintain a PYT in the dustbowl, I know the place and I've seen the place grow. It has no infrastructure to support a large town. The titles are freehold so there are no rates to support an urban service.


Thank you!
This idea that real estate should not be funded by loans is ridiculous. Salaries are quite low in Kenya even in the dust bowl property is bought through sacco loans or other credit vehicles like chamas which are pooling money etc. There is no real estate without credit.

sparkly
#13 Posted : Monday, September 03, 2018 3:40:57 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
tony stark wrote:
wukan wrote:
MugundaMan wrote:
Wukan,
"LOANS" seem to be the central component of all your stories on matters real estate hapa.
On units. Have you even been to dust bowl let alone know what estates and numbers of units are coming up there? smile Highly doubt it but you can prove me wrong.


I gathered from one of your posts you've been majuu so you know about Fannie Mae and Freddie Mac and credit unions. Hakuna real estate without loans. Until recently I used to maintain a PYT in the dustbowl, I know the place and I've seen the place grow. It has no infrastructure to support a large town. The titles are freehold so there are no rates to support an urban service.


Thank you!
This idea that real estate should not be funded by loans is ridiculous. Salaries are quite low in Kenya even in the dust bowl property is bought through sacco loans or other credit vehicles like chamas which are pooling money etc. There is no real estate without credit.



Only the corrupt buy property in Cash.
Life is short. Live passionately.
MugundaMan
#14 Posted : Monday, September 03, 2018 5:55:40 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
ha ha ha ha ha ha ha ha ha ha!
You guys are funny!Laughing out loudly

Dustbowl alone has literally HUNDREDS OF THOUSANDS of property owners who bought CASH. Are they all corrupt?

Kenya has under 20,000 mortgages last time I checked.
Saccos do play a huge part but even then, as a % of the huge and vibrant property buyer market the numbers may not be that big.

The fact is, in the overwhelming number of cases, the average Kenyan who owns property in Kenya bought the plot cash or next to cash, then built upon it slowly over time. But of course you will blame the person for corruption too once the fruit of their careful sweat finally becomes visible!

Yes corruption is a fact of life in Kenya and needs to be strongly condemned but those buying 1/4 or 1/8th plots and building homes or apartments on them pole pole do not all work for gava! Some of them have sweated for 40 years saving and investing to get to that point!

I posted the storo of the kamzee who bought 200 acres of barren land and planted millions of trees juzi. Is he corrupt? He worked in USA for 30 long years as a professor and most likely paid cash for the plot. Savings from his salary over 30 years did the trick. He at no time worked for gava.

The average age of Kenyans going on site visits to buy plots is under 35 years of age. If you see these youngsters you will be shocked. They are not your flashy types driving expensive vehicles on loans and wearing sijui prada, renting in Kilimani while clubbing at Brew Bistro nightly (big hat no cattle types). In fact if you saw them walking the streets in CBD you would almost want to buy them a meal because some look like they are literally starving and their shoes need repairs. But looks can be deceiving.

These are people who save their money over long periods of time and invest in their future. Some of them are hawkers and hustlers with Mpesa kibandas! This is a very bitter pill for payslip nation (loud as it is) to swallow. So give us a break on the "everybody who buys property cash in Kenya is corrupt!" fallacy smile

The funniest thing is that the same same fellows who say these people "are corrupt" may be the same people who when presented with the opportunity to invest in their future by investing in suburbs like dustbowl, ruiru, Juja, ngong, Malaa etc will say never in a million years will they touch such places!
Thitifini
#15 Posted : Saturday, September 08, 2018 10:51:57 PM
Rank: Member

Joined: 1/15/2015
Posts: 681
Location: Kenya
Does anyone know a link with hard details on this estate esp its total land acreage, how it was planned, financed and constructed? Would love and I cant find much online.

60% Learning, 30% synthesizing, 10% Debating
sparkly
#16 Posted : Sunday, September 09, 2018 10:39:31 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
MugundaMan wrote:
ha ha ha ha ha ha ha ha ha ha!
You guys are funny!Laughing out loudly

Dustbowl alone has literally HUNDREDS OF THOUSANDS of property owners who bought CASH. Are they all corrupt?

Kenya has under 20,000 mortgages last time I checked.
Saccos do play a huge part but even then, as a % of the huge and vibrant property buyer market the numbers may not be that big.

The fact is, in the overwhelming number of cases, the average Kenyan who owns property in Kenya bought the plot cash or next to cash, then built upon it slowly over time. But of course you will blame the person for corruption too once the fruit of their careful sweat finally becomes visible!

Yes corruption is a fact of life in Kenya and needs to be strongly condemned but those buying 1/4 or 1/8th plots and building homes or apartments on them pole pole do not all work for gava! Some of them have sweated for 40 years saving and investing to get to that point!

I posted the storo of the kamzee who bought 200 acres of barren land and planted millions of trees juzi. Is he corrupt? He worked in USA for 30 long years as a professor and most likely paid cash for the plot. Savings from his salary over 30 years did the trick. He at no time worked for gava.

The average age of Kenyans going on site visits to buy plots is under 35 years of age. If you see these youngsters you will be shocked. They are not your flashy types driving expensive vehicles on loans and wearing sijui prada, renting in Kilimani while clubbing at Brew Bistro nightly (big hat no cattle types). In fact if you saw them walking the streets in CBD you would almost want to buy them a meal because some look like they are literally starving and their shoes need repairs. But looks can be deceiving.

These are people who save their money over long periods of time and invest in their future. Some of them are hawkers and hustlers with Mpesa kibandas! This is a very bitter pill for payslip nation (loud as it is) to swallow. So give us a break on the "everybody who buys property cash in Kenya is corrupt!" fallacy smile

The funniest thing is that the same same fellows who say these people "are corrupt" may be the same people who when presented with the opportunity to invest in their future by investing in suburbs like dustbowl, ruiru, Juja, ngong, Malaa etc will say never in a million years will they touch such places!


What is your understanding of a cash transaction?
Life is short. Live passionately.
MugundaMan
#17 Posted : Sunday, September 09, 2018 7:18:45 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Thitifini wrote:
Does anyone know a link with hard details on this estate esp its total land acreage, how it was planned, financed and constructed? Would love and I cant find much online.


This might help. Page 166 and beyond.
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