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Has the real estate bubble burst????
Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
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MugundaMan wrote:Kenyans are very funny! Does anyone remember Lukorito Jones (what a name by the way) and his doomsday articles many years ago about the "imminent" collapse of the R.E sector in Kenya.I will say it again for the umpteenth time. WAKE ME UP WHEN SOMEONE ANYWHERE IN THE WORLD MANAGES TO REPEAL THE LAW OF SUPPLY AND DEMAND.Stalin tried in Russia, slaughtering 10 million people there trying to prove it and failed miserably.The Chinese tried it until 1978 until the genius Deng Xiao Ping got religion fast and baptised the capitalism he legalised as a "unique brand of socialism with special characteristics"  . The Chinese have been as capitalistic as the rest of us ever since! When supply exceeds the whopping housing deficit in Kenya, come and tap me from my comfy bed where I will be slumbering and snoring away over this non-topic. A slightly empty mall or apartment somewhere tells us nothing. The housing sector is not monolithic, and a temporary oversuppply in high end mall or office space in one or two buildings does not mean the entire sector is under collapse! Unless of course you are a big fan of the reasoning of Lukorito Jones. You're typing faster than you're thinking MugundaMan.Relax.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Kate_Mbarire wrote:MugundaMan wrote:Kenyans are very funny! Does anyone remember Lukorito Jones (what a name by the way) and his doomsday articles many years ago about the "imminent" collapse of the R.E sector in Kenya.I will say it again for the umpteenth time. WAKE ME UP WHEN SOMEONE ANYWHERE IN THE WORLD MANAGES TO REPEAL THE LAW OF SUPPLY AND DEMAND.Stalin tried in Russia, slaughtering 10 million people there trying to prove it and failed miserably.The Chinese tried it until 1978 until the genius Deng Xiao Ping got religion fast and baptised the capitalism he legalised as a "unique brand of socialism with special characteristics" . The Chinese have been as capitalistic as the rest of us ever since! When supply exceeds the whopping housing deficit in Kenya, come and tap me from my comfy bed where I will be slumbering and snoring away over this non-topic. A slightly empty mall or apartment somewhere tells us nothing. The housing sector is not monolithic, and a temporary oversuppply in high end mall or office space in one or two buildings does not mean the entire sector is under collapse! Unless of course you are a big fan of the reasoning of Lukorito Jones. You're typing faster than you're thinking MugundaMan.Relax. Kate_Mbaririe, But what makes you think I am not relaxed? I am VERY relaxed and enjoying this debate!
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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VituVingiSana wrote:tony stark wrote:VituVingiSana wrote:Subsidies distort the market.
So @tonystark, if GoK is going to subsidize the "low-cost housing" then one can't beat GoK. It was like the imported maize.
New tech will benefit new housing and those with land (or an old building that can be torn down) will benefit.
I "own" real estate indirectly through some NSE investments but most are not in the primary business of real estate. @VVS I always took you for a Keynesian leaning Wazuan ....  Why should I risk my capital and sweat for others to enjoy? Because if you don't the people who have nothing will only have you to eat tomorrow. We need social programs to support the people at the bottom and everyone benefits from this.
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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obiero wrote:tony stark wrote:VituVingiSana wrote:Subsidies distort the market.
So @tonystark, if GoK is going to subsidize the "low-cost housing" then one can't beat GoK. It was like the imported maize.
New tech will benefit new housing and those with land (or an old building that can be torn down) will benefit.
I "own" real estate indirectly through some NSE investments but most are not in the primary business of real estate. @VVS I always took you for a Keynesian leaning Wazuan .... Chunga huyu mzee Moto ya kuotea mbali....
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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tony stark wrote:VituVingiSana wrote:tony stark wrote:VituVingiSana wrote:Subsidies distort the market.
So @tonystark, if GoK is going to subsidize the "low-cost housing" then one can't beat GoK. It was like the imported maize.
New tech will benefit new housing and those with land (or an old building that can be torn down) will benefit.
I "own" real estate indirectly through some NSE investments but most are not in the primary business of real estate. @VVS I always took you for a Keynesian leaning Wazuan .... Why should I risk my capital and sweat for others to enjoy? Because if you don't the people who have nothing will only have you to eat tomorrow. We need social programs to support the people at the bottom and everyone benefits from this. It's a tough one but they have to do their part too. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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I don't think this affordable housing program is well thought out. But what's more surprising is that nobody has evaluated to bare bones n critiqued this program in mainstream media. Even the opposition is clueless. If the general public has to benefit, let them ensure most if not all materials are sourced locally..even if the houses cost more, the subsidy should bridge the gap. That way you create more jobs in the economy, rather than letting contractors import everything cheaply in the name of reducing cost of the houses...and ship jobs abroad, end up shooting the same people who contributed to the subsidy. By the way, I believe the current plan could di more harm than good to the economy. But do we have anyone who thinks in govt? How come nobody has critiqued this housing program? It would be chance to come out shining for our opposition yet they just keep thinking referendum
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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limanika wrote:I don't think this affordable housing program is well thought out. But what's more surprising is that nobody has evaluated to bare bones n critiqued this program in mainstream media. Even the opposition is clueless. If the general public has to benefit, let them ensure most if not all materials are sourced locally..even if the houses cost more, the subsidy should bridge the gap. That way you create more jobs in the economy, rather than letting contractors import everything cheaply in the name of reducing cost of the houses...and ship jobs abroad, end up shooting the same people who contributed to the subsidy. By the way, I believe the current plan could di more harm than good to the economy. But do we have anyone who thinks in govt? How come nobody has critiqued this housing program? It would be chance to come out shining for our opposition yet they just keep thinking referendum Have you gus gone through the document?How do I put the pdf here? possunt quia posse videntur
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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maka wrote:limanika wrote:I don't think this affordable housing program is well thought out. But what's more surprising is that nobody has evaluated to bare bones n critiqued this program in mainstream media. Even the opposition is clueless. If the general public has to benefit, let them ensure most if not all materials are sourced locally..even if the houses cost more, the subsidy should bridge the gap. That way you create more jobs in the economy, rather than letting contractors import everything cheaply in the name of reducing cost of the houses...and ship jobs abroad, end up shooting the same people who contributed to the subsidy. By the way, I believe the current plan could di more harm than good to the economy. But do we have anyone who thinks in govt? How come nobody has critiqued this housing program? It would be chance to come out shining for our opposition yet they just keep thinking referendum Have you gus gone through the document?How do I put the pdf here? Send to wazuafishmonger@gmail.comIf Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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MugundaMan wrote:Angelica _ann wrote:
VVS don't let yourself be bluffed by 'fake' facts. Things out there are not straight as they are portrayed to be and we know better.
Even when @obiero (just as an example) was constructing his 'apartments' the other day, getting approvals alone almost made him crazy.
We have transacted in land acquisition processes and we know how long it takes for a straight one percel goes, sembuse subdivsion.
Double A, I have come to believe that your problem is extreme laziness. Hata simple research huwezi mek. Instead of sticking to topic about the real estate bubble and returns maoni yako tu ni hopeless muchene, inane polojo and funny tu-tangents about dates, "time frames" and what Mugundaman ate for dinner last night. Bure ghabisa! http://www.wazua.co.ke/f...spx?g=posts&t=34042
https://www.a4architect....a-for-housing-purposes/
Hapa nko na AA, If buying land for subdivision,the 6 months gain might be on paper only. Subdividing land for tu-plots in most cases means change of user name which involves,NEMA andcounty government etc.NEMA alone is a pain in the ads when it comes to change of user name. Min time frame is 3-5 months If Obiero did it, Who Am I?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Swenani wrote:maka wrote:limanika wrote:I don't think this affordable housing program is well thought out. But what's more surprising is that nobody has evaluated to bare bones n critiqued this program in mainstream media. Even the opposition is clueless. If the general public has to benefit, let them ensure most if not all materials are sourced locally..even if the houses cost more, the subsidy should bridge the gap. That way you create more jobs in the economy, rather than letting contractors import everything cheaply in the name of reducing cost of the houses...and ship jobs abroad, end up shooting the same people who contributed to the subsidy. By the way, I believe the current plan could di more harm than good to the economy. But do we have anyone who thinks in govt? How come nobody has critiqued this housing program? It would be chance to come out shining for our opposition yet they just keep thinking referendum Have you gus gone through the document?How do I put the pdf here? Send to wazuafishmonger@gmail.com Sawa possunt quia posse videntur
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