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Waiting to exhale on this Nairobi City!!!!
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Rapudox
#31 Posted : Tuesday, November 27, 2012 5:34:52 PM
Rank: New-farer

Joined: 12/30/2010
Posts: 65
Location: Europe
your insights and contributions make it easier for me to loosen myself from this beautiful city. When a diasporan prof. in Europe/US in the upper income bracket cannot afford a home in upmarket Nairobi, then the system ist FOUL & on self Destruct!! This isnt about entitlement.
I do not agree that we the young generation are impatient as someone pointed out earlier on. And this is the issue i have with many of the upper middle class nairobi folks....as long as things are working out for them, as long as they have crossed over in the HERD, they are quick to discredit others with legitimate complaints. Only the middle class can & will change Kenya.
@jaggernaut..thats exactly what am talking about.
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Jamani
#32 Posted : Tuesday, November 27, 2012 5:56:11 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Wazuan wrote:
Furthermore, with devolution we need to start doing a county by county ranking of ease of doing business in the various parts of the country as wel as cost of living analyses.

This site might be of help..
County by County ranking
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Lolest!
#33 Posted : Tuesday, November 27, 2012 7:23:47 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
No wonder property developers in the developed world are now putting up ads in our dailies!
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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dunkang
#34 Posted : Tuesday, November 27, 2012 8:19:16 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Lolest! wrote:
No wonder property developers in the developed world are now putting up ads in our dailies!


Laughing out loudly Laughing out loudly Laughing out loudly
Receive with simplicity everything that happens to you.” ― Rashi

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Rapudox
#35 Posted : Tuesday, November 27, 2012 9:47:22 PM
Rank: New-farer

Joined: 12/30/2010
Posts: 65
Location: Europe
Nairobi must and will fall hard flat on her face, then recollect herself, in order to move forward. I believe the meltdown will come in 10-15 yrs. After the explosion of apartments, I told my friends 3 yrs ago that their shall be an oversupply and the rents will go down....thats reality.....the problem with meltdowns is that they creep on you slowly like cancer, you dont realize that its happening, you look for ways to adjust and "stay on denial hoping for the best"....and that denial thing is one thing we africans are talented with :))
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Mukiri
#36 Posted : Tuesday, November 27, 2012 10:19:07 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Rapudox wrote:
your insights and contributions make it easier for me to loosen myself from this beautiful city. When a diasporan prof. in Europe/US in the upper income bracket cannot afford a home in upmarket Nairobi, then the system ist FOUL & on self Destruct!! This isnt about entitlement.
I do not agree that we the young generation are impatient as someone pointed out earlier on. And this is the issue i have with many of the upper middle class nairobi folks....as long as things are working out for them, as long as they have crossed over in the HERD, they are quick to discredit others with legitimate complaints. Only the middle class can & will change Kenya.
@jaggernaut..thats exactly what am talking about.


Public coffers are being pilfered left right and centre, gun totting youngsters are a dime a penny, white collar crime is at an all time high. If that is not impatience, please tell me what it is? Yes, there are smart hardworking youth, but its the greedy rotten ones that are driving this prices sky high.

Proverbs 19:21
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murchr
#37 Posted : Tuesday, November 27, 2012 10:25:47 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
jaggernaut wrote:
Rapudox wrote:
How can it be, that a Nairobi-Bred Ex-Eastlander with monthly savings of about 150,000Kshs cannot afford a family home in the Upmarket (Lavi, Kile, Thome, Kitisuru etc) areas of this CITY???
Its heartbreaking, to realise that you can afford a home in western cities, but you cant afford that "same home" in your home city....even when you have reached a level, where you monthly earnings are at least 6 times the per capita income of Kenya......very frustrating


Very sad. Houses in Kenya are overpriced. Can you imagine this 4bdr villa in Florida USA is currently on sale for just Ksh 7m ($85,900), in a 1st world country where incomes are much much higher than KE and mortgage rates are 5%? That amount can only buy you a 3bd flat in Nyayo embakasi, in a 3rd world country.

RINK





Try following this dream then u'll realize what kunyolewa bila maji is all about....Liar
"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
.
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murchr
#38 Posted : Tuesday, November 27, 2012 10:30:38 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Back to basics. Demand and supply.
"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
.
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ChessMaster
#39 Posted : Tuesday, November 27, 2012 10:38:04 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Mukiri and Murchr wise words yet again. GREED!! Agreed back to basics
Uncertainty is certain.Let go
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ChessMaster
#40 Posted : Tuesday, November 27, 2012 11:07:43 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
@Pesa Nane - I have also seen this trend.Even the middle and lower income real estate projects are being affected.
Uncertainty is certain.Let go
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