VituVingiSana wrote:amorphous wrote:wukan wrote:I told wazuans to be like George Soros during black Wednesday if the currency falls then equities rally and you need to hedge your bet on the currency by buying equites. Most rushed to buy bonds instead of doubling down on equities.
Most wazuans will not relate to the parabolic rally in 1993 to 1994 when Kshs was devalued....kaende kaende
Wororo. Blathee Wukan, you mean you are still here marking time on Wazoo dispensing mawaidha pingli pangla East and West after all these years
. Maanchap.
Good advice tho...
Definitely good advice, folks (in July 2025) are sitting on huge gains in many counters since October 2024!
Much better than Dustbowl manenos.
Jaribu kuuza your plot dustbowl ndivyo utajua paper wealth (ama ni dust wealth?
) ni kusema nini!! Utazunguka mpaka uchoke. Then brokers will be on you like vultures. And you have to be paying people to go show prospective clients the land or in no time your wasted man hours plus fuel will be more than what you end up selling the plot for.
I love land and I invest in it but I am not as delusional as some fellows. I know what "it is worth" and what I might get are totally different things.
If plots are going for 1.5m in a certain area and on fool (and his money) is convinced to buy one at 4 million, immediately the story becomes "Hapa siku hizi plot zinafikisha 4 million!!" Good luck getting a customer for that. Hata hiyo 1.5m unaweza kosa. Na bado broker anadai 150k. Hataki hata 70k!!
And in the current economy it is worse!! No one in their right mind will take a loan to buy a plot for speculation unless the asking price is dirt cheap (pun intended). You either have cash money or you have an immediate plan for the plot. Paying 20%+ interest on land for a plot you have no immediate plan is crazy work!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.