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Why dustbowl is the future
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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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
The look on her face!  I think Hass(anali) Consult is their firm. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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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... Beauty is in the eye of the beholder. The orange house is ugly in my eye. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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NewMoney wrote: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. You are a true dreamer. My friend, plots in Milimani, Yukos, Chuna, Muigai and surrounds have all shot up easily by between 200-500k this year alone, ma broda.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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doubletap wrote:Think the whole idea of buying a plot to build in an area [/b]with no facilities, far from your primary source of income [/b]is just a bad choice when you think that the time you spend commuting 1. Who lied to you that everybody in DC is a struggling member of payslip nation that needs to commute to CBD daily? 2. "No facilities"??? Very funny! Quote:schooling for your kids, security, access to amenities etc. 1. Clearly you are someone who has never been to DC in ages. Have you been to Kitengela International? Nova Pioneer? Security? Try invade my house my friend. Before you even ring my door bell you will have to pass a security check with the two askaris stationed at the main entrance to the gated community, evade the mobile patrol vehicles, scale over very high electrical fences with CCTV, break down heavy guage decorative steel doors and then accost Mugundaman behind said closed door with his massive sharp panga and sjambok waiting hapo hapo for you very happy to dispense instant justice. 2. Amenities? Again. Someone might not have been to Kitengela in a looooong time. Meet Mugundaman kila siku at Grays Oak Hotel poolside for brunch tukuambie amenities ni nini. Quote: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. Again someone has never been to DC in decades. Plenty of these there my broddah. Tembea ujionee. Quote: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 Yep you are looking at it all wrong. Any investor in DC Long Term, in ANYTHING that has real estate as its basis is really smiling all the way to the bank well into the forseeable future 
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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You do sell plots so basically what you call a good idea is just self interest ama? We are all in agreement that real estate as an investment is all good, but buying because others are doing it is not an investment plan. Am happy for you and what you have achieved for yourself, just don't make it personal that others would like the same thing. Show us the plots, let us decide kama ni investment ama not? 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: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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doubletap wrote:You do sell plots so basically what you call a good idea is just self interest ama?
We are all in agreement that real estate as an investment is all good, but buying because others are doing it is not an investment plan. Am happy for you and what you have achieved for yourself, just don't make it personal that others would like the same thing.
Show us the plots, let us decide kama ni investment ama not? Rafiki, even if Mugundaman vanished off the face of the earth, do you think it would stop the DC superboom that is happening before our very eyes? Of course not, papa. For the umpteenth time on wazua..Mugundaman does NOT sell plots. You simply CANNOT repeal the laws of economics (supply and demand) my blatha. Wakina Mugush did their research mingi years ago and all roads led to DC despite the fact that initially they were not interested at all in such a place. Swimming against the tide may seem like a courageous move but discretion is the better part of valour and smart people know when to bend like a reed when the evidence is overhwelming that an incredible opportunity to be taken advantage of with gusto has presented itself. Saying you do not want to invest in DC today (for whatever reason) and being happy about it is like a guy trading Mumias and being happy about it while the "stupid" tide buys DC real estate that is as RED HAWTT as Kenya's surging economy!
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Dust-bowl is not the only place you can own property in Kenya, world over. Also property is not the only investment, globally. You need to learn to listen and listen to learn. 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: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Angelica _ann wrote:Dust-bowl is not the only place you can own property in Kenya, world over. Also property is not the only investment, globally. You need to learn to listen and listen to learn. And you need to learn how to reason Who has ever disputed any of the things you have said above?
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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VituVingiSana 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
The look on her face! I think Hass(anali) Consult is their firm. Family business...
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