But it's a sad choice.. Of what use would one be to his/her generations if they didn't at least provide one family house of whatever size

Everyone here including you, knows that my portfolios in stocks is less than 10% of my overal net worth

@Maka,

As we said, that is your right and your choice! The beauty of Kenya is that we are a capitalist (pseudo-?) democracy! Kila mtu na stylo yage. Let's forget about returns and the financial aspects for a minute. From my personal perspective, the joys of homeownership are something that are worth pursuing as an end in itself. I remember the first home I ever bought way back in 2003. It was small, in bad shape and nothing fancy but had a very large garden in the back with nothing but bush! While other buyers overlooked it, I saw lots of potential, so I bought it cash. Some friends thought I was crazy.

The day I got the keys to the front door is a day I will never forget. Almost immediately I began the process of restoring it to livable condition. I was renting an apartment at the time and enjoyed driving to the house after work and on weekends and doing a lot of the work myself. I even cleared the bush in the back by hand!

Within a couple of months the house was in great shape. The lawns were green and well trimmed, the interior of the house was well painted with nice wood floors and a very cozy feel to it. Shortly after to completely escape rent forever, I moved in! At that point in time I was hooked on real estate!

I lived in that small house for many years and that sense of satisfaction in home ownership never faded a way for a single second. Especially after all that sweat equity/elbow grease I put into it. And it saved me a boatload of money (in not having to pay rent) that was beneficial in a crazy way in doing other things. In fact sometimes I regret ever disposing of it.

I long moved away from the city that house is in but it, and the heady memories I get from when I lived there will forever remain etched in my heart. I remember the days I would go park the car outside while it was under renovation, supervising the fundis as I would listen to music in my jalopy while reading books on real state investment. Meanwhile all my buddies were busy getting wasted dancing at the bars and clubs getting dead drunk and talking much of nothing while thinking I was a weirdo. They seemed unaware that time is life's most precious commodity and that youth does not last forever! Many years on, as far I know, they are still there stuck hapo hapo at those bars, lounges and clubs talking much of nothing and renting the same same types of apartments they were renting way back in 2003. Bottom line everyone has their passion, talent and investment style. Speaking for nobody but myself, nothing beats the joys of real estate as a way to rapidly build capital and enjoy yourself while at it!

@Mugundaman that is quite an inspiration for the new generation!

@sparkly wouldnt real estate (i am thinking some flats/rentals) be considered passive income?

@maka,out of the 97k income how much would be going towards rent?And the interest payments will be at different months hence that income is average per month?