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Riat hills Kisumu, Did i pay too much?
Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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Hey Everybody,
After many months of following the very interesting discussions & analyses, I finally registered. I have come to the conclusion that this is one of the most informative sites for kenyan investors, esp. in the diaspora! I also finally decided to risk & invest in Land. I managed to get 0,5 acres at Riat hills a month ago with a very beautiful view of the lake & the city for 2M Kshs, clean title. After reading many forums on the internet i started getting the gut feeling that i could have been overcharged. What do you guys think, was it overpriced or was this amount reasonable for a place like Riat hills?
I will be grateful for any input. Happy new new yr.
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Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
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If you like it and the view of the lake then you were not overcharged. Surely if the pice of land attracted your attention and you paid that much for it then someone else will find the same value in it. Brush of that buyer's remorse and have a great new year!
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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I think you got a good deal.
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Rank: Member Joined: 6/4/2007 Posts: 215
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Depends on so many others issues.. nearness to the roads, water, Sewarage line, electricity e.t.c
but that much would have given you an acre
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Rank: Member Joined: 3/30/2009 Posts: 56
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Also depends on how far away you are from that slum. i.e. Riara Road at the Kawangware end is not equal to the St Hannahs School end.
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Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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Thanx Guys,
Actually its not near a slum. There are only new big houses and villas in that area. The road is rudimentary. Being on the hill, there is no sewage or piped water but there is an electric pole in the area up the hill.@Wareigi: have u been to Riat hills before? why do you suppose i may have been able to get an acre?
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Rank: New-farer Joined: 11/25/2010 Posts: 5 Location: Nairobi
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Based on location, you got a good deal.Think of it as an investment .The price you paid a month ago will have increased in a year.Sometimes you have to buy high to get the location that you desire. HARD WORK BEATS TALENT WHEN TALENT FAILS TO WORK HARD
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Rank: Member Joined: 10/4/2010 Posts: 223 Location: Afghanistan
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peep wrote:Also depends on how far away you are from that slum. i.e. Riara Road at the Kawangware end is not equal to the St Hannahs School end.  Riat is in Kisumu City.. The current rates are about 800k per quarter acre on the higher side. The rich have money working for them; the poor and the middle class are going to work for money.
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Rank: Member Joined: 6/4/2007 Posts: 215
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....@Wareigi: have u been to Riat hills before? why do you suppose i may have been able to get an acre?
have been working in kisumu and had interest plots and e.t.c. Still in contact with people selling and can tell for sure that the rate is as indicated elsewhere 800K for 0.25 of a ac. But not matter how much youpay for land it is never too much.
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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wairegi wrote:....@Wareigi: have u been to Riat hills before? why do you suppose i may have been able to get an acre?
have been working in kisumu and had interest plots and e.t.c. Still in contact with people selling and can tell for sure that the rate is as indicated elsewhere 800K for 0.25 of a ac. But not matter how much youpay for land it is never too much.
@wairegi, u r telling our friend that somebody milked him 400k or more. but its intresting how you try to make him feel better Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@Tommy. It's 'ELSEWHERE THE RATE IS 800k'. The rate is as indicated ... Here Wairegi means if said the market price. Sawa? Read again! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Rapudox, You have no recourse even if you were ripped.Move on! BTW,you sound like someone i know. @Wairegi, What would be the prices around Kotekni? Nothing great was ever achieved without enthusiasm.
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Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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Thx to everyone for the input. @Njunge, am a young investor, so i think its good to learn from the mistakes and be wiser. Of course i hv no recourse but i need to know if there was a rip off. Why would think you know me from the way i sound?
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Rapudox wrote:Thx to everyone for the input. @Njunge, am a young investor, so i think its good to learn from the mistakes and be wiser. Of course i hv no recourse but i need to know if there was a rip off. Why would think you know me from the way i sound?  The world is a small place.Does the name Godffrey ring a bell? Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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Njung'e wrote:Rapudox wrote:Thx to everyone for the input. @Njunge, am a young investor, so i think its good to learn from the mistakes and be wiser. Of course i hv no recourse but i need to know if there was a rip off. Why would think you know me from the way i sound? The world is a small place.Does the name Godffrey ring a bell? Wewe @njung'e wacha hii mambo. You will give the guy/lady a heart attack!! Reason someone knows that he has been ripped off big! You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: New-farer Joined: 3/15/2010 Posts: 88 Location: sudan
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Njung'e wrote:Rapudox wrote:Thx to everyone for the input. @Njunge, am a young investor, so i think its good to learn from the mistakes and be wiser. Of course i hv no recourse but i need to know if there was a rip off. Why would think you know me from the way i sound? The world is a small place.Does the name Godffrey ring a bell? So Njung'e's atha name is Godffrey...."The world is a small place" 
The Brave may not live forever - but the cautious do not live at all: Richard Branson
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@njunge cant be because he has spelt it wrong (it is one f, not two f's) - you cant misspell your own name!!!
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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Gordon Gekko wrote:@njunge cant be because he has spelt it wrong (it is one f, not two f's) - you cant misspell your own name!!! There are people whose parents mispelt their name upon birth. They carry on with the wrongly spelt name forever. Have come across several cases. A good example........ Is it 'Waithera' or 'Waithira'? IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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mwenza wrote:Gordon Gekko wrote:@njunge cant be because he has spelt it wrong (it is one f, not two f's) - you cant misspell your own name!!! There are people whose parents mispelt their name upon birth. They carry on with the wrongly spelt name forever. Have come across several cases. A good example........ Is it 'Waithera' or 'Waithira'? Some folks even make it worse.There was this ol' man (RIP) in my home village whom everyone referred to as Inyathiu....His real name was Ignatius Nothing great was ever achieved without enthusiasm.
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