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Why dustbowl is the future
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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MugundaMan wrote:What more do Kenyans want to be told jameni? The tusupuu has spoken! If you have not got the memo yet, shauri ni yako na yako tu. Dustbowl is the future of Kenya for the wise ones. Rokota maploti, mabiashara, ma-apartments, ma-maisonettes hapo before you get locked out forever!
Kitengela, Juja dominate city satellite towns’ land sale in Q2https://www.nation.co.ke...sNTwh5QMZtWDU9CaHsE3CfE
Quote:Realtor, HassConsult’s Second Quarter Land Price Index report shows Kitengela controlled a 19.1 percent market share of the properties on sale followed by Ruiru at15.1 percent, Thika 9.4 percent with Ongata Rongai and Ngong tying at 7.9 percent. Wonder why her employer bought Home Afrika shares instead of plots in DC. https://www.google.com/a...asAMP-mbm8h0/index.html
Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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sparkly wrote:MugundaMan wrote:What more do Kenyans want to be told jameni? The tusupuu has spoken! If you have not got the memo yet, shauri ni yako na yako tu. Dustbowl is the future of Kenya for the wise ones. Rokota maploti, mabiashara, ma-apartments, ma-maisonettes hapo before you get locked out forever!
Kitengela, Juja dominate city satellite towns’ land sale in Q2https://www.nation.co.ke...sNTwh5QMZtWDU9CaHsE3CfE
Quote:Realtor, HassConsult’s Second Quarter Land Price Index report shows Kitengela controlled a 19.1 percent market share of the properties on sale followed by Ruiru at15.1 percent, Thika 9.4 percent with Ongata Rongai and Ngong tying at 7.9 percent. Wonder why her employer bought Home Afrika shares instead of plots in DC. https://www.google.com/a...asAMP-mbm8h0/index.html
Properties on sale  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/23/2009 Posts: 14,220 Location: nairobi
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Angelica _ann wrote:sparkly wrote:MugundaMan wrote:What more do Kenyans want to be told jameni? The tusupuu has spoken! If you have not got the memo yet, shauri ni yako na yako tu. Dustbowl is the future of Kenya for the wise ones. Rokota maploti, mabiashara, ma-apartments, ma-maisonettes hapo before you get locked out forever!
Kitengela, Juja dominate city satellite towns’ land sale in Q2https://www.nation.co.ke...sNTwh5QMZtWDU9CaHsE3CfE
Quote:Realtor, HassConsult’s Second Quarter Land Price Index report shows Kitengela controlled a 19.1 percent market share of the properties on sale followed by Ruiru at15.1 percent, Thika 9.4 percent with Ongata Rongai and Ngong tying at 7.9 percent. Wonder why her employer bought Home Afrika shares instead of plots in DC. https://www.google.com/a...asAMP-mbm8h0/index.html
Properties on sale Properties for purchase
KQ ABP 4.26
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Rank: Member Joined: 1/22/2007 Posts: 337
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Hata kama dust bowl ni bibi yako umezidi. Is the only place you know or it is that you are the only investor there?Give people a break Advice is like snow.The softer it lands the harder is sticks.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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vin wrote:Hata kama dust bowl ni bibi yako umezidi. Is the only place you know or it is that you are the only investor there?Give people a break An investor needs to have passion in his holdings. Unaonanga obiero na KQ. Let investors be. Businessdaily wrote:Sh1 million invested in buying land in Nairobi’s satellite towns a decade ago is now worth Sh8.81 million compared to Sh2.29 million invested in property (Nairobi’s suburb), Sh2.64 million (bonds), Sh1.35 million (savings) and a paltry Sh490,000 in equities,” said Hassconsult.
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Rank: Member Joined: 3/1/2019 Posts: 170 Location: Nairobi
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Businessdaily wrote:Sh1 million invested in buying land in Nairobi’s satellite towns a decade ago is now worth Sh8.81 million compared to Sh2.29 million invested in property (Nairobi’s suburb), Sh2.64 million (bonds), Sh1.35 million (savings) and a paltry Sh490,000 in equities,” said Hassconsult. What people are ignoring here is the fact that the real estate gains quoted above happened between 2009 and 2011, at least over 60% of it, latest by 2013. Ask anyone who bought a DC plot in the last 5 years what they have gained over those years, it will be less than 10% per year. I wouldn't brag about that 8 fold growth in 10 years (23% per year) since it is impractical... only happens once in a century or something. I think today is a great opportunity for both stocks and real estate. Because both of them have been down/flat for quite some time now, stocks have been down for even longer despite the good economic growth going around, so it is undeniable that there is an upside correction in the offing.
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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Think the whole idea of buying a plot to build in an area with no facilities, far from your primary source of income is just a bad choice when you think that the time you spend commuting, schooling for your kids, security, access to amenities etc. Think what needs to happen huko dustbowl is good developments 5,000 homes plus with shops, schools all the basics, done all over instead of quarter plots that cost a whole deal to develop. So rent for 60k max would you be saving ama am looking at it all wrong? Off-course owning a house as an investment if your renting it out cash in You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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doubletap wrote:Think the whole idea of buying a plot to build in an area with no facilities, far from your primary source of income is just a bad choice when you think that the time you spend commuting, schooling for your kids, security, access to amenities etc.
Think what needs to happen huko dustbowl is good developments 5,000 homes plus with shops, schools all the basics, done all over instead of quarter plots that cost a whole deal to develop.
So rent for 60k max would you be saving ama am looking at it all wrong? Off-course owning a house as an investment if your renting it out cash in Let them transform DC one person at a time. Note that DC has malls, top banks, hospitals (branches of Aga Khan, Mater, Nairobi women etc), good schools, fibre internet etc. Also not everyone works at CBD, some work huko JKIA, companies, banks and institutions huko Mbs road and DC. DC may not have a sewer system yet but there's also no sewer in karen or runda and one makes do with a septic tank. For piped water you connect from kajiado water, EPZ or local boreholes. https://biashara.co.ke/a...sonette-sale-kitengela/
 
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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hardwood wrote:doubletap wrote:Think the whole idea of buying a plot to build in an area with no facilities, far from your primary source of income is just a bad choice when you think that the time you spend commuting, schooling for your kids, security, access to amenities etc.
Think what needs to happen huko dustbowl is good developments 5,000 homes plus with shops, schools all the basics, done all over instead of quarter plots that cost a whole deal to develop.
So rent for 60k max would you be saving ama am looking at it all wrong? Off-course owning a house as an investment if your renting it out cash in Let them transform DC one person at a time. Note that DC has malls, top banks, hospitals (branches of Aga Khan, Mater, Nairobi women etc), good schools, fibre internet etc. Also not everyone works at CBD, some work huko JKIA, companies, banks and institutions huko Mbs road and DC. DC may not have a sewer system yet but there's also no sewer in karen or runda and one makes do with a septic tank. For piped water you connect from kajiado water, EPZ or local boreholes. https://biashara.co.ke/a...sonette-sale-kitengela/
Buying that 30m house is not good business(IMHO) if you plan to live in it as a family home. If i had the money would rent in Nairobi for 100k a month for 25years heck would pay two years in advance and invest the rest where i made the first 30m... All depends on what your looking for... You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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doubletap wrote:hardwood wrote:doubletap wrote:Think the whole idea of buying a plot to build in an area with no facilities, far from your primary source of income is just a bad choice when you think that the time you spend commuting, schooling for your kids, security, access to amenities etc.
Think what needs to happen huko dustbowl is good developments 5,000 homes plus with shops, schools all the basics, done all over instead of quarter plots that cost a whole deal to develop.
So rent for 60k max would you be saving ama am looking at it all wrong? Off-course owning a house as an investment if your renting it out cash in Let them transform DC one person at a time. Note that DC has malls, top banks, hospitals (branches of Aga Khan, Mater, Nairobi women etc), good schools, fibre internet etc. Also not everyone works at CBD, some work huko JKIA, companies, banks and institutions huko Mbs road and DC. DC may not have a sewer system yet but there's also no sewer in karen or runda and one makes do with a septic tank. For piped water you connect from kajiado water, EPZ or local boreholes. https://biashara.co.ke/a...sonette-sale-kitengela/
Buying that 30m house is not good business(IMHO) if you plan to live in it as a family home. If i had the money would rent in Nairobi for 100k a month for 25years heck would pay two years in advance and invest the rest where i made the first 30m... All depends on what your looking for... Traditional economics was premised on the fact that individuals make rational decisions after evaluating the costs and benefits of each decision. However, it has been proven that human beings tend to make decisions based on the best at-the-moment appeal over the longer-term benefits. In this housing case, you are right in not buying and renting, and the person buying a house for 150 M in Kihingo and living in it as both are happy with their decisions. "Things that matter most must never be at the mercy of things that matter least." Goethe
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