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Africa red hot real estate leads world. Kenya #4
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radiomast
#11 Posted : Monday, October 08, 2018 8:19:26 PM
Rank: Member

Joined: 2/15/2018
Posts: 428
mugundaman always looks at things from a very myopic viewpoint: Buying plots aka real estate speculation is very bad for the economy long term. It makes land expensive which hinders development. It discourages foreign investors. It raises the cost of projects. One of the reasons SGR costs ended up well above projections was because speculators were buying land while projecting that they could sell it back to the gava at higher prices.

https://www.nation.co.ke...61120-67ayxp/index.html

When gava has too borrow heavily to finance projects like SGR, they will tax you the mwananchi more heavily.

Thats why huko majuu they introduced the concept of property taxes. This needs to be enforced in Kenya. All idle land bought purely for speculation should be taxed heavily instead of taxing poor and middle class people.
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  | | Edit by user: Monday, October 08, 2018 8:34 PM | Reason: Not specified
MugundaMan
#12 Posted : Monday, October 08, 2018 8:45:03 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
radiomast wrote:
mugundaman always looks at things from a very myopic viewpoint: Buying plots aka real estate speculation is very bad for the economy long term. It makes land expensive which hinders development. It discourages foreign investors. It raises the cost of projects. One of the reasons SGR costs ended up well above projections was because speculators were buying land while projecting that they could sell it back to the gava at higher prices.

https://www.nation.co.ke...61120-67ayxp/index.html

When gava has too borrow heavily to finance projects like SGR, they will tax you the mwananchi more heavily.

Thats why huko majuu they introduced the concept of property taxes. This needs to be enforced in Kenya. All idle land bought purely for speculation should be taxed heavily instead of taxing poor and middle class people.


radiomast,

Are you a closet communist who hates the free market and the natural effects of supply and demand? smile

And who says wakina Mugundaman don't pay property taxes and heavy taxes at that? Perhaps even ten times more taxes than the poor and middle classes who own no land/property!

And who says we buy plots to just let them sit there "idle"?

And who says foreign investors are not investing to also benefit from the land price spiral? Last time I checked, billions of dollars of FDI are still flooding into Kenya with no end in sight. Perhaps you can tell us which investors were discouraged and left because of high land prices! A serious foreign investor will easily have the resources to invest in the endless parcels of empty land that Kiinya offers from Lokichogio to Lunga Lunga.

And who says curbing the property sector with punitive taxes will make the economy boom Laughing out loudly ? That's like saying you kill the only egg laying chicken in your boma that has been feeding your family for months because you believe the chicken's presence is scaring away visitors you want to impress.

The property sector is the bedrock of all other sectors my broda. Attempt to destroy it and you will only be destroying the livelihoods of those same poor and middle classes with no property you claim to be concerned about who are directly or indirectly impacted by said sector.


Ni hayo maoni yangu tu
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  | | Edit by user: Monday, October 08, 2018 8:52 PM | Reason: Not specified
aemathenge
#13 Posted : Tuesday, October 09, 2018 1:49:49 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
MugundaMan wrote:
aemathenge wrote:
wee, Brazali, do you have tu-shares in Cyntonns Investments?

Asking for a friend.


How is this germane to the post at hand? Drool

The two of you share the same thought line it is uncanny.

Copy and Paste Extract

Quote:
.... The continued expansion is supported by:

i) increased purchasing power, with GDP per capita growing at a rate of 7.9% p.a over the last 5-years, from Kshs 113,539 in 2013 to Kshs 166,314 in 2017, as well as varying tastes and preferences for different goods and services thus creating demand for diverse brands,

ii) provision of high-quality spaces in line with international standards with destination malls such as Two Rivers Mall along Kiambu Road and Garden City Mall along Thika Road coming to the market,

iii) infrastructure improvement, such as the construction of the Northern By-Pass which has opened up areas such as Ruaka and Ruiru for development,

iv) the closure of branches of struggling local brands, namely Nakumatt and Uchumi, leading to availability of prime retail spaces, and

v) the relatively stable growth of the Kenyan Economy, recording an average GDP growth rate of over 5.0% p.a for the past 5-years.


Source Link: Cytonn Weekly #38/2018 By Cytonn Research Team, Oct 7, 2018
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aemathenge
#14 Posted : Tuesday, October 09, 2018 1:54:14 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
MugundaMan wrote:
aemathenge wrote:

I got stuck on the date of the "article".


Are you related to Double A? Laughing out loudly

I want to believe that a date is some form of data.

The impact of this thread seems to rest on the veracity of the "data" presented.

As such, if the "author(s)" and the editors fail to present the correct date for the article, what else ails the data presented?
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MugundaMan
#15 Posted : Tuesday, October 09, 2018 2:03:06 PM
Rank: Elder

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

I got stuck on the date of the "article".


Are you related to Double A? Laughing out loudly

I want to believe that a date is some form of data.

The impact of this thread seems to rest on the veracity of the "data" presented.

As such, if the "author(s)" and the editors fail to present the correct date for the article, what else ails the data presented?



It is not rocket science baba. That is when this month's issue of the magazine expires IMHO smile You see how much keystrokes we wasted discussing "issues" of the variety that are the opium of Double A.
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MugundaMan
#16 Posted : Tuesday, October 09, 2018 2:06:58 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
aemathenge wrote:
MugundaMan wrote:
aemathenge wrote:
wee, Brazali, do you have tu-shares in Cyntonns Investments?

Asking for a friend.


How is this germane to the post at hand? Drool

The two of you share the same thought line it is uncanny.

Copy and Paste Extract

Quote:
.... The continued expansion is supported by:

i) increased purchasing power, with GDP per capita growing at a rate of 7.9% p.a over the last 5-years, from Kshs 113,539 in 2013 to Kshs 166,314 in 2017, as well as varying tastes and preferences for different goods and services thus creating demand for diverse brands,

ii) provision of high-quality spaces in line with international standards with destination malls such as Two Rivers Mall along Kiambu Road and Garden City Mall along Thika Road coming to the market,

iii) infrastructure improvement, such as the construction of the Northern By-Pass which has opened up areas such as Ruaka and Ruiru for development,

iv) the closure of branches of struggling local brands, namely Nakumatt and Uchumi, leading to availability of prime retail spaces, and

v) the relatively stable growth of the Kenyan Economy, recording an average GDP growth rate of over 5.0% p.a for the past 5-years.


Source Link: Cytonn Weekly #38/2018 By Cytonn Research Team, Oct 7, 2018


ha! ha! ha! ha!
Some lay researcher at Cytonn pinched from the article.
I have always said Cytonn ni bure ghabisa
Hata afadhali HAFR. At least they are geniuses at convincing otherwise rational people into buying their super nyani stock.
Cytonn is just maneno mengi, lots of advertising, stalled projects everywhere and no real profits to speak of.
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MugundaMan
#17 Posted : Saturday, October 27, 2018 2:01:47 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
https://mobile.nation.co...4512-2o46s5z/index.html

When I said red hawwt I meant red hawwt! Only an ignoramus in good standing cannot see the writing on the wall 😎
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Angelica _ann
#18 Posted : Saturday, October 27, 2018 10:55:50 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
MugundaMan wrote:
https://mobile.nation.co.ke/news/Savvy-Kenyans-unlock-secrets-of-making-cash/1950946-4824512-2o46s5z/index.html

When I said red hawwt I meant red hawwt! Only an ignoramus in good standing cannot see the writing on the wall 😎


Nothing beats importing women stuff from uchina & selling them locally ~ especially doing assorted vierity & bulk.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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MugundaMan
#19 Posted : Sunday, October 28, 2018 7:38:29 AM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
Nairobi tops Africa in property market transparency survey #RedHawtt

https://www.businessdail...86616-10j7p24/index.html
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maka
#20 Posted : Sunday, October 28, 2018 9:04:59 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ummh you really are pushing this property agenda... Do you realise some people probably never ever want to own land or. a house....
possunt quia posse videntur
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