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Anybody had dealings with or bought a house from Tamarind Properties?
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sqft
#11 Posted : Monday, July 13, 2020 11:29:22 AM
Rank: Veteran

Joined: 1/10/2015
Posts: 961
Location: Kenya
Imagine you have been servicing a 20yr mortgage and now this happens. I saw in yesterdays daily nation that the demolition has been suspended pending appeal. However the owner of the land wants the illegal structures removed from his land.


Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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winmak
#12 Posted : Monday, July 13, 2020 8:56:37 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
What really is happening to real estate in Kenya? Why are there more sob stories than successes? What’s the underlying issue? What’s the unifying factor here?
For investors as a whole, returns decrease as motion increases ~ WB
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kmucheke
#13 Posted : Tuesday, July 14, 2020 9:24:19 AM
Rank: Member

Joined: 3/16/2019
Posts: 313
winmak wrote:
What really is happening to real estate in Kenya? Why are there more sob stories than successes? What’s the underlying issue? What’s the unifying factor here?


My guess. Compromised value systems. Happiness and success being equated to accumulation of material stuff. Acquiring material stuff at any cost and whatever means necessary.

However, all is not lost and I believe a real estate revolution in Kenya is afoot.
There is opportunity for entrepreneurs who will solve the affordability problem in real estate. The solution has to be in line with our "kadogo" economy.
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Mkimwa
#14 Posted : Tuesday, July 14, 2020 10:08:54 AM
Rank: Member

Joined: 10/26/2008
Posts: 380
winmak wrote:
What really is happening to real estate in Kenya? Why are there more sob stories than successes? What’s the underlying issue? What’s the unifying factor here?


Success stories are never shared with as much enthusiasm as the sob stories.

A good story is normal, sad stories make the news
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