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Kihingo Village house, is it worth it?
amorphous
#21 Posted : Tuesday, June 16, 2020 5:59:19 AM
Rank: Member


Joined: 5/15/2019
Posts: 665
Location: planet earth
Kusadikika wrote:
@ Mugundaman, I really like your passion on land. There is something that has always intrigued me. Can you investigate and explain the astronomical land prices around Tigoni? There must be some super land rich debt free billionares who live around there. Prices do not move and there is almost no supply.

I think you have answered said question already. If you have a group of debt free landowners who have cornered the bulk of the land market in a particular area, then prices stabilise according to what they decide (whether in collusion or by default.) If in collusion, they can decide to hike the prices to the skies and nobody can do nada because they have a collective monopoly. I was shocked when I started hunting for land in the suburbs of Ngong on the slopes of the hills towards the Suswa side many years ago. I met a crafty old kamzee who told me it was "common knowledge/agreed upon wisdom" that every year, they (resident landowners) all hike the price of the plots by 250k *minimum* per 1/8th Laughing out loudly Laughing out loudly Laughing out loudly . That means the area has experienced an almost linear progression in price and is now considered the Runda of Ngong. Almost nobody has any loans of any sort there and beautiful maisonettes and flats are coming up there. Of course I bought several parcels huko once I discovered this. The most dangerous person on earth to the entities such as the WB, IMF etc is a debt free landowner who needs little from sirikali. This is why Greece had to be destroyed. They had the highest homeownership rates in Europe and very little debt so they had to be brought down.They are trying to force mortgages on us hapa Kenya through AHP and other benevolent looking (on the surface) measures, but thank God it is flopping royally (by design I hope?) Once you introduce massive debt into the property markets then the booms and bust cycles in prices come and your whole property industry is ruined.
New Normal!
sparkly
#22 Posted : Tuesday, June 16, 2020 8:25:28 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,044
Location: Enk are Nyirobi
amorphous wrote:
Kusadikika wrote:
@ Mugundaman, I really like your passion on land. There is something that has always intrigued me. Can you investigate and explain the astronomical land prices around Tigoni? There must be some super land rich debt free billionares who live around there. Prices do not move and there is almost no supply.

I think you have answered said question already. If you have a group of debt free landowners who have cornered the bulk of the land market in a particular area, then prices stabilise according to what they decide (whether in collusion or by default.) If in collusion, they can decide to hike the prices to the skies and nobody can do nada because they have a collective monopoly. I was shocked when I started hunting for land in the suburbs of Ngong on the slopes of the hills towards the Suswa side many years ago. I met a crafty old kamzee who told me it was "common knowledge/agreed upon wisdom" that every year, they (resident landowners) all hike the price of the plots by 250k *minimum* per 1/8th Laughing out loudly Laughing out loudly Laughing out loudly . That means the area has experienced an almost linear progression in price and is now considered the Runda of Ngong. Almost nobody has any loans of any sort there and beautiful maisonettes and flats are coming up there. Of course I bought several parcels huko once I discovered this. The most dangerous person on earth to the entities such as the WB, IMF etc is a debt free landowner who needs little from sirikali. This is why Greece had to be destroyed. They had the highest homeownership rates in Europe and very little debt so they had to be brought down.They are trying to force mortgages on us hapa Kenya through AHP and other benevolent looking (on the surface) measures, but thank God it is flopping royally (by design I hope?) Once you introduce massive debt into the property markets then the booms and bust cycles in prices come and your whole property industry is ruined.


I was following keenly until you wrote "The most dangerous person on earth to the entities such as the WB, IMF etc. is a debt free landowner who needs little from sirikali" and the conspiratory nonsense thereafter.

Far from your allegations:
1. Propertied people need more from the government in terms of security, services and protection of property rights.
2. Greek crisis was caused by excessive public debt coupled with insufficient tax revenues. It wasn't caused by citizens being under-leveraged.
3. Home ownership/ real estate investment are "big ticket" purchases. It is virtually impossible to succeed without some form of financing. Countries with high incidence of home ownership have stable financial systems with low interest rates esp on mortgages. In the case of Limuru/ Tigoni, the property owners are former civil servants who bought from mzungus through loans. Duncan Ndegwa, Matiba and several others have farms around that area. If you read Matiba's biography "aiming high", he narrates how he and fellow civil servants like Ndegwa and Michuki used to bid for properties from mzungus in the area using loans.
4. Debt per se is not bad. Excessive or expensive debt is the problem.
Life is short. Live passionately.
amorphous
#23 Posted : Tuesday, June 16, 2020 8:58:45 AM
Rank: Member


Joined: 5/15/2019
Posts: 665
Location: planet earth
Sparkles,
I have told you many times uko ligi ndogo, you know little to nothing about economics let alone real estate let alone how the world works. Do you think the IMF and WB of the 90s forced SAPs are your buddies who love you very much? If so, you are more delusional than delusional can be. Now stick to peni mbili one liners on other threads before I say something that hurts your little gay-girlish feelings and runs you off to compose paeans of my praises at the QUESTIONS thread Laughing out loudly
New Normal!
KaunganaDoDo
#24 Posted : Tuesday, June 16, 2020 10:26:52 AM
Rank: Member


Joined: 8/6/2018
Posts: 289
amorphous wrote:
Sparkles,
I have told you many times uko ligi ndogo, you know little to nothing about economics let alone real estate let alone how the world works. Do you think the IMF and WB of the 90s forced SAPs are your buddies who love you very much? If so, you are more delusional than delusional can be. Now stick to peni mbili one liners on other threads before I say something that hurts your little gay-girlish feelings and runs you off to compose paeans of my praises at the QUESTIONS thread Laughing out loudly


Respect your elders Mugundaman.... leave emotions and Irrational Exuberance out of investment analysis. Even wazua has classified us into New fairer, members, elders, veterans etc etc. Look at your asset class
amorphous
#25 Posted : Tuesday, June 16, 2020 10:50:42 AM
Rank: Member


Joined: 5/15/2019
Posts: 665
Location: planet earth
KaunganaDoDo wrote:


Respect your elders Mugundaman.... leave emotions and Irrational Exuberance out of investment analysis. Even wazua has classified us into New fairer, members, elders, veterans etc etc. Look at your asset class


If age (and post count on WazooLaughing out loudly ) is classified as a mark of intelligence then all wazees would be geniuses. I cannot cotton to tunjamaas like Sparkles who speak much but say nothing on matters they have no clue about, but with huge confidence Laughing out loudly. Your message should be directed at HIM as he is the chief of insults, brainless one liners and emotional outbursts and gayish stalking on this esteemed forum smile
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wukan
#26 Posted : Tuesday, June 16, 2020 11:06:40 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,519
@sparkly has contributed to your thread by giving useful information and actually a summary of research done. Don't dismiss the wisdom of an elder fuaaa tu! You will realize in some other place you will need to pitch ideas to some people like @sparkly to get funding. Be Kind
amorphous
#27 Posted : Tuesday, June 16, 2020 11:13:13 AM
Rank: Member


Joined: 5/15/2019
Posts: 665
Location: planet earth
wukan wrote:
@sparkly has contributed to your thread by giving useful information and actually a summary of research done. Don't dismiss the wisdom of an elder fuaaa tu! You will realize in some other place you will need to pitch ideas to some people like @sparkly to get funding. Be Kind


Did you notice that the "esteemed elder" prefaced his "research" with insults? But I will give him credit. At least on this response he strung together some coherent sentences together for a change Laughing out loudly Laughing out loudly Laughing out loudly

There is zero wisdom in anything he has said hapo juu unless you can assist him in pointing said "wisdom" to us as relates to what I posted and not other irrelevant tangents that have zero to do with what I said. Then we can dissect it point by point. Sawa?
New Normal!
Swenani
#28 Posted : Wednesday, June 17, 2020 1:27:13 PM
Rank: User


Joined: 8/15/2013
Posts: 13,228
Location: Vacuum
Kusadikika wrote:
@ Mugundaman, I really like your passion on land. There is something that has always intrigued me. Can you investigate and explain the astronomical land prices around Tigoni? There must be some super land rich debt free billionares who live around there. Prices do not move and there is almost no supply.


MM is a land specialist in dusty places not leafy areas like tigoni. He thrives in dust

Ask him about land matters in kajulu, isinya, matasia, kajiodo, lodwar, habaswein et.c . He cannot even comment on land matters in mlolongo or syokimau
If Obiero did it, Who Am I?
amorphous
#29 Posted : Wednesday, June 17, 2020 3:34:55 PM
Rank: Member


Joined: 5/15/2019
Posts: 665
Location: planet earth
Swenani wrote:
Kusadikika wrote:
@ Mugundaman, I really like your passion on land. There is something that has always intrigued me. Can you investigate and explain the astronomical land prices around Tigoni? There must be some super land rich debt free billionares who live around there. Prices do not move and there is almost no supply.


MM is a land specialist in dusty places not leafy areas like tigoni. He thrives in dust

Ask him about land matters in kajulu, isinya, matasia, kajiodo, lodwar, habaswein et.c . He cannot even comment on land matters in mlolongo or syokimau[



Laughing out loudly Laughing out loudly Laughing out loudly

Vision 200!
New Normal!
Jon Jones
#30 Posted : Saturday, January 01, 2022 7:25:22 PM
Rank: Member


Joined: 9/11/2015
Posts: 240
Location: Thika
I just checked this thread again about the house selling for 165M. The house is currently going for 145M (maybe its another house in the same enclave).
https://coralpi.com/prop...tisuru-kihingo-village/

After reading the comments (including mine), it got me thinking. Maybe we are looking at this offer from a poor man's perspective.

The type of guy/girl splashing 145M on a house has a lot more money ie all the alternative investments we all suggested don't make sense from the buyer's standpoint. He/she wants a place to call home in an upmarket area and probably has all those other "investments" wazuans proposed.

I still think 145M is a rip-off and he/she would get a better bang for his buck by buying one acre in Karen for 60M and building his dream home with the remaining 85M inclusive of a private swimming pool, tennis court, etc.
Since men have learned to shoot without missing, I have learned to fly without perching
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