wazua Mon, Apr 27, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages<12
Bubble hits US Golf communities
Options
Previous Topic · Next Topic
hisah
#11 Posted : Tuesday, November 06, 2012 5:55:31 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
FundamentAli wrote:
murchr wrote:
Name one existing golf estate in kenia


Great Rift Valley lodge?


The reason why i asked is to exstablish if there is really bubble. The Kenyan mido crass is grwing and more and more are seeking luxury living. They dont have to be golfers but the "prestige" that comes with it will sell those estates like hot cake.

By the way, many of those who own homes at the Great Rift Valley Lodge live in Nrb

My small time research also points to diaspora money & foreign money. So locals are yet to jump into the bandwagon. The bubble is far from forming until the participation swings 70-80% locals. That is wanjikus borrowing to buy golf property financed by banks. When that trend ensues it will signal the exit door.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  | | Edit by user: Tuesday, November 06, 2012 5:57 AM | Reason: Not specified
hisah
#12 Posted : Tuesday, November 06, 2012 6:06:46 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The link in this post also shows how the Spanish holiday home theme has crashed due to excess credit financing. Since 2008, the real estate crash is still unravelling! Post GFC effects and many spanish banks balance sheets are badly baked. Serves them right due to excess greed anyway.


http://www.wazua.co.ke/f...33#post332133#post332133
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
tonicasert
#13 Posted : Sunday, February 16, 2014 10:05:15 AM
Rank: Member

Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
http://www.businessdaily...-/121khdvz/-/index.html

Quote "we have problems paying for cheap security and garbage collection in many Lavington gated communities, how then will we cope with running a golf course?"

Is this the next quailamid??
Back to top
  |
sparkly
#14 Posted : Sunday, February 16, 2014 3:55:34 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
tonicasert wrote:
http://www.businessdailyafrica.com/investment-in-golf-course-resorts-/-/539444/2205358/-/item/0/-/121khdvz/-/index.html

Quote "we have problems paying for cheap security and garbage collection in many Lavington gated communities, how then will we cope with running a golf course?"

Is this the next quailamid??


The service charges at Vipingo Ridge is KSHs 500k per property per year. A 4 br Villa will cost KShs100k, 2 br 50k per night but the uptake is high for organised events, occassions and golf tours.

Mido class has good disposable income and willing to spend. Not like generations past.
Life is short. Live passionately.
Back to top
  |
murchr
#15 Posted : Sunday, February 16, 2014 4:48:44 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
tonicasert wrote:
http://www.businessdailyafrica.com/investment-in-golf-course-resorts-/-/539444/2205358/-/item/0/-/121khdvz/-/index.html

Quote "we have problems paying for cheap security and garbage collection in many Lavington gated communities, how then will we cope with running a golf course?"

Is this the next quailamid??


Are there gated communities in Lavington?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  |
Candlesticks
#16 Posted : Monday, February 17, 2014 8:43:08 AM
Rank: New-farer

Joined: 12/16/2013
Posts: 49
Location: Nairobi
murchr wrote:
tonicasert wrote:
http://www.businessdailyafrica.com/investment-in-golf-course-resorts-/-/539444/2205358/-/item/0/-/121khdvz/-/index.html

Quote "we have problems paying for cheap security and garbage collection in many Lavington gated communities, how then will we cope with running a golf course?"

Is this the next quailamid??


Are there gated communities in Lavington?


Gated Communities in Lavington??
"'Nowadays people know the price of everything and the value of nothing.' - Oscar Wilde.
Back to top
  |
mpobiz
#17 Posted : Tuesday, February 18, 2014 1:00:03 AM
Rank: Elder

Joined: 8/10/2010
Posts: 2,265
hisah wrote:
murchr wrote:
FundamentAli wrote:
murchr wrote:
Name one existing golf estate in kenia


Great Rift Valley lodge?


The reason why i asked is to exstablish if there is really bubble. The Kenyan mido crass is grwing and more and more are seeking luxury living. They dont have to be golfers but the "prestige" that comes with it will sell those estates like hot cake.

By the way, many of those who own homes at the Great Rift Valley Lodge live in Nrb

My small time research also points to diaspora money & foreign money. So locals are yet to jump into the bandwagon. The bubble is far from forming until the participation swings 70-80% locals. That is wanjikus borrowing to buy golf property financed by banks. When that trend ensues it will signal the exit door.

Very true . Most or all of the luxury property buyers use their savings not loans.
Politics is just things to keep the people divided and foolish and put your trust in men and none of them can do nothing for you...
Back to top
  |
2 Pages<12
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.