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Africa red hot real estate leads world. Kenya #4
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AndyC
#31 Posted : Monday, October 29, 2018 10:54:27 AM
Rank: Member

Joined: 4/21/2015
Posts: 151
the deal wrote:
@maka the problem with fixed income is inflation...


Inflation is everyone's problem. If you have rentals you can adjust for inflation but there is the risk of having no income from empty houses and we have not got to late payments and evictions yet.
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maka
#32 Posted : Monday, October 29, 2018 11:06:00 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
the deal wrote:
@maka the problem with fixed income is inflation...


You read the article I sent?... Rem the 10m is not static.... The guy is probably putting in cash monthly esp for long ended bonds.... Which in itself earns interest.... For kids...He does a trust fund for them gives each one the cash built over the years when they finish campus....

Out of the 97k...50k gets you a very good house at Graceland....
possunt quia posse videntur
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hardwood
#33 Posted : Monday, October 29, 2018 11:14:27 AM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
the deal wrote:
@maka the problem with fixed income is inflation...


Due to inflation, after 20yrs maka's 10m investment will be worth 5m in real terms while mugundaman's will be at 50m.
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TNT
#34 Posted : Monday, October 29, 2018 11:32:32 AM
Rank: Member

Joined: 5/22/2009
Posts: 206
You can own a house and sleep hungry. You can rent a home and be as liquid as f***. Cashflow and liquidity rules everything. Some guy in Kiserian owns one of the biggest hardwares in Kiserian and about 5 10-wheelers for transporting building materials to clients, but he doesn't own a home, he rents. Given he makes his rent in a day from his hardware business, that makes perfect financial sense to me.
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  | | Edit by user: Monday, October 29, 2018 11:35 AM | Reason: Not specified
popat
#35 Posted : Monday, October 29, 2018 2:04:13 PM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
TNT wrote:
You can own a house and sleep hungry. You can rent a home and be as liquid as f***. Cashflow and liquidity rules everything. Some guy in Kiserian owns one of the biggest hardwares in Kiserian and about 5 10-wheelers for transporting building materials to clients, but he doesn't own a home, he rents. Given he makes his rent in a day from his hardware business, that makes perfect financial sense to me.

One can comfort themselves all is ok to run ones affairs without a home until such people die.It can be very nasty for the family left behind especially when they were not involved in the management of such a business.You may be surprised the house is the only asset they can cling to when the shit hits the fan.A house is an insurance.
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TNT
#36 Posted : Monday, October 29, 2018 2:35:36 PM
Rank: Member

Joined: 5/22/2009
Posts: 206
popat wrote:
TNT wrote:
You can own a house and sleep hungry. You can rent a home and be as liquid as f***. Cashflow and liquidity rules everything. Some guy in Kiserian owns one of the biggest hardwares in Kiserian and about 5 10-wheelers for transporting building materials to clients, but he doesn't own a home, he rents. Given he makes his rent in a day from his hardware business, that makes perfect financial sense to me.

One can comfort themselves all is ok to run ones affairs without a home until such people die.It can be very nasty for the family left behind especially when they were not involved in the management of such a business.You may be surprised the house is the only asset they can cling to when the shit hits the fan.A house is an insurance.



Being cash rich (liquid) trumps being property rich, especially when one dies. Go ask Njenga Karume's kids. Additionally, most of the people in Nairobi have acres of ancestral land in their rural areas, so I don't understand why such people should buy tiny pieces of plots in the middle of nowhere when they'll eventually move back to their rural areas.
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  | | Edit by user: Monday, October 29, 2018 2:46 PM | Reason: Not specified
ombaalbt
#37 Posted : Monday, October 29, 2018 2:48:15 PM
Rank: New-farer

Joined: 5/19/2014
Posts: 68
Location: Migori
popat wrote:
TNT wrote:
You can own a house and sleep hungry. You can rent a home and be as liquid as f***. Cashflow and liquidity rules everything. Some guy in Kiserian owns one of the biggest hardwares in Kiserian and about 5 10-wheelers for transporting building materials to clients, but he doesn't own a home, he rents. Given he makes his rent in a day from his hardware business, that makes perfect financial sense to me.

One can comfort themselves all is ok to run ones affairs without a home until such people die.It can be very nasty for the family left behind especially when they were not involved in the management of such a business.You may be surprised the house is the only asset they can cling to when the shit hits the fan.A house is an insurance.


This only happens when you die intestate (like most kenyans do) Hiding your assets from your family and not doing a will. A well done will and good planning is all you need. For the folks who would like to be buried in their village a small two/three bedroom will suffice.
Learning to sit on my hands
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sparkly
#38 Posted : Monday, October 29, 2018 3:15:16 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
popat wrote:
TNT wrote:
You can own a house and sleep hungry. You can rent a home and be as liquid as f***. Cashflow and liquidity rules everything. Some guy in Kiserian owns one of the biggest hardwares in Kiserian and about 5 10-wheelers for transporting building materials to clients, but he doesn't own a home, he rents. Given he makes his rent in a day from his hardware business, that makes perfect financial sense to me.

One can comfort themselves all is ok to run ones affairs without a home until such people die.It can be very nasty for the family left behind especially when they were not involved in the management of such a business.You may be surprised the house is the only asset they can cling to when the shit hits the fan.A house is an insurance.


Most Africans don't even sleep let alone live in their parents' houses once they reach adulthood.
Life is short. Live passionately.
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Liv
#39 Posted : Monday, October 29, 2018 4:18:39 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
hardwood wrote:
the deal wrote:
@maka the problem with fixed income is inflation...


Due to inflation, after 20yrs maka's 10m investment will be worth 5m in real terms while mugundaman's will be at 50m.



I know a guy who had over 100 acres deep in kitengela... then he suddenly got sick and he needed urgent medical attention abroad.... He tried selling but he couldn't get buyers on time ....he almost died due to lack of cash....but friends eventually fundraised for him


You need a balanced portfolio.... You may have died before those 20 years without enough cash to cover some risks.
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  | | Edit by user: Monday, October 29, 2018 4:20 PM | Reason: Not specified
Chaka
#40 Posted : Monday, October 29, 2018 5:13:53 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Liv wrote:

I know a guy who had over 100 acres deep in kitengela... then he suddenly got sick and he needed urgent medical attention abroad.... He tried selling but he couldn't get buyers on time ....he almost died due to lack of cash....but friends eventually fundraised for him


You need a balanced portfolio.... You may have died before those 20 years without enough cash to cover some risks.


What did the guy do with that land after recovery?
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