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Homeownership Journey. Smart man.
MugundaMan
#1 Posted : Friday, September 07, 2018 9:42:13 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)


Bought a 1/4 in Rongai for 700k, now sitting on 24m. And that's just the plot, exclusive of the improvements Applause

tony stark
#2 Posted : Friday, September 07, 2018 11:13:58 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
Hii backlinking strategy ya ntv ama nini??
Whats this about??
Mujiza
#3 Posted : Wednesday, September 12, 2018 5:11:46 AM
Rank: New-farer

Joined: 9/1/2018
Posts: 19
Location: Kampala
MugundaMan wrote:


Bought a 1/4 in Rongai for 700k, now sitting on 24m. And that's just the plot, exclusive of the improvements Applause


You can see the joy in his face that he finally owns a mansion. It's always good to see a Kenyan succeed especially when we remember where most of us were before 2002.
MugundaMan
#4 Posted : Wednesday, September 12, 2018 7:07:18 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Mujiza wrote:

You can see the joy in his face that he finally owns a mansion. It's always good to see a Kenyan succeed especially when we remember where most of us were before 2002.


Indeed! And this is what I have been harping on since I joined this forum. Many Kenyans do not know the incredible opportunities available to them given the amount of resources gava since 2002 and its partner China have been pumping into the Kenyan economy, that is causing a ripple effect on all sectors, real estate especially! It is just a matter of time before a main tarmack road hits every single major artery between all suburbs and towns in Kenya. Those who position themselves ready to capitalise on this fact will do very well for themselves in the long term.
tony stark
#5 Posted : Wednesday, September 12, 2018 8:49:58 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
MugundaMan wrote:
Mujiza wrote:

You can see the joy in his face that he finally owns a mansion. It's always good to see a Kenyan succeed especially when we remember where most of us were before 2002.


Indeed! And this is what I have been harping on since I joined this forum. Many Kenyans do not know the incredible opportunities available to them given the amount of resources gava since 2002 and its partner China have been pumping into the Kenyan economy, that is causing a ripple effect on all sectors, real estate especially! It is just a matter of time before a main tarmack road hits every single major artery between all suburbs and towns in Kenya. Those who position themselves ready to capitalise on this fact will do very well for themselves in the long term.


Isn't that the same logic that is now leading to over supply of commercial building space and malls??
As infrastructure improves so does the supply of "good lands". Naivasha, Machakos ngong etc become easily commutable to CBD why bother with dust bowl?
Consumers become more choosy so even if you do make capital gains it might end up being slower that government paper and all these are possible realities.

I never trust anyone who has be a blanket recommendation of buy buy buy anything. That was the case for the NSE 2002 - 2006 buy buy buy would make money every time. Which isn't the case now.
MugundaMan
#6 Posted : Wednesday, September 12, 2018 9:06:29 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
tony stark wrote:


Isn't that the same logic that is now leading to over supply of commercial building space and malls??
As infrastructure improves so does the supply of "good lands". Naivasha, Machakos ngong etc become easily commutable to CBD why bother with dust bowl?
Consumers become more choosy so even if you do make capital gains it might end up being slower that government paper and all these are possible realities.

I never trust anyone who has be a blanket recommendation of buy buy buy anything. That was the case for the NSE 2002 - 2006 buy buy buy would make money every time. Which isn't the case now.


You are contradicting yourself my braddah. By the way I thought your only concern on this post was "backlinking of NTV videos" Laughing out loudly

1. Ngong IS in dustbowl (Kajiado County) last time we checked.
2. Thank you for acknowledging that capital gains are being made. I wonder why this bothers you so much that everyone in the sector is making consistent cap gains. Are you a communist? I remember a lot of commies..wakina Castro at UoN were of your generation :). Those guys really hated money!
3. NSE and real estate in Kenya are two totally different sectors as I am sure you know.
4. Nobody, not even Stalin has been able to repeal the immutable law of supply and demand. And believe me he tried. To the point he slaughtered 10 million souls to prove it, but he still failed miserably. Wake me up when the housing deficit in Kenya has been bridged & GDP (and population) growth hits negative figures and maybe I might listen to anything you have to say on this topic with a little bit more seriousness.
tony stark
#7 Posted : Wednesday, September 12, 2018 10:11:37 AM
Rank: Veteran

Joined: 7/8/2008
Posts: 947
MugundaMan wrote:
tony stark wrote:


Isn't that the same logic that is now leading to over supply of commercial building space and malls??
As infrastructure improves so does the supply of "good lands". Naivasha, Machakos ngong etc become easily commutable to CBD why bother with dust bowl?
Consumers become more choosy so even if you do make capital gains it might end up being slower that government paper and all these are possible realities.

I never trust anyone who has be a blanket recommendation of buy buy buy anything. That was the case for the NSE 2002 - 2006 buy buy buy would make money every time. Which isn't the case now.


You are contradicting yourself my braddah. By the way I thought your only concern on this post was "backlinking of NTV videos" Laughing out loudly

1. Ngong IS in dustbowl (Kajiado County) last time we checked.
2. Thank you for acknowledging that capital gains are being made. I wonder why this bothers you so much that everyone in the sector is making consistent cap gains. Are you a communist? I remember a lot of commies..wakina Castro at UoN were of your generation :). Those guys really hated money!
3. NSE and real estate in Kenya are two totally different sectors as I am sure you know.
4. Nobody, not even Stalin has been able to repeal the immutable law of supply and demand. And believe me he tried. To the point he slaughtered 10 million souls to prove it, but he still failed miserably. Wake me up when the housing deficit in Kenya has been bridged & GDP (and population) growth hits negative figures and maybe I might listen to anything you have to say on this topic with a little bit more seriousness.


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
You land prophets always show up in Wazua market your products grow and eventually fizzle out.PRC, land merchants and other land marketing were all in Wazua creating doing lead generation. @Mugundaman you are not the first land prophet on Wazua and you wont be the last. However my points are not really direct to Mugundaman it's directed at the other Wazuans or future Wazuans .... do your research and dont listen to prophet Mugundaman!
MugundaMan
#8 Posted : Wednesday, September 12, 2018 10:31:00 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
tony stark wrote:

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
You land prophets always show up in Wazua market your products grow and eventually fizzle out.PRC, land merchants and other land marketing were all in Wazua creating doing lead generation. @Mugundaman you are not the first land prophet on Wazua and you wont be the last. However my points are not really direct to Mugundaman it's directed at the other Wazuans or future Wazuans .... do your research and dont listen to prophet Mugundaman!



If there is anyone who is a self proclaimed prophet who can see through the internet to know who Mugundaman is and what he does when it comes to real estate it is none other than our good friend tony stark who in his infinite wisdom and staggering powers of clairvoyance, says that property sector in Kenya is doomed forever and prices everywhere are collapsing because Java got demolished in Kileleshwa! If that does not involve some amazing prophetic powers of peculiar origin then I do not know what else does. Pray tell, when have I ever sold a single property to anyone here? Go through my posts carefully, I am on the BUY side of things and have always been. But of course to you who sees bogeymen everywhere even under your bed and from NTV I am not surprised that you "hate" anything to do with property, as if anyone has put a gun to your head forcing you to either buy or sell! :)
wukan
#9 Posted : Wednesday, September 12, 2018 11:33:34 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,658
Dustbowl residents are becoming Nairobians pay taxes for services and they pay some more to provide them privately

Quote:
Kitengela residents have opted to raise own funds for construction of a Sh39 million sewer line after years of unfulfilled promises by county and national governments that has left them exposed to infectious diseases.

The residents, comprising at least 279 landlords with property in the Export Processing Zone Authority (EPZ) area, are the sole financiers of the project that seeks to improve hygiene and sanitation in the area. The EPZ neighbourhood has been picked to pilot the project that promoters hope to extend to the wider Kitengela township.

The sewer line that seeks to cover 45 kilometres and join the EPZA Athi River Sewerage system in neighbouring Machakos County will benefit at least 300 rental flats and 100 homes with a population of more than 20,000 is set to be operational in six months.
https://www.businessdail...55480-o6eqo4/index.html

hardwood
#10 Posted : Wednesday, September 12, 2018 11:40:16 AM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
I am impressed how the home owner has planted trees and other vegetation and transformed his 1/2 acre plot in kiserian until one would think he is in "leafy muthaiga". If only all home owners in the suburbs, including the dustbowlsmile , would do the same. Just like karen, runda, loresho, lavington etc were all transformed from coffee farms to what they are today. One can create his own "muthaiga" wherever he lives and all suburbs would be leafy.


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