Flats for sale ...

T-Raww1

Village Elder
#11
An average doctor in this country earns about Sh110,000pm after tax. An average teacher earns about Sh25,000pm after tax. An average bank worker earns about Sh30,000 after tax.

WHO THE HELL ARE THESE HOUSES THAT COST THE EQUIVALENT OF A 100 WORKING YEARS TARGETED AT?
akina luttos , kidesh , sonkore , konyagi relatives , waikuru etc name them
 
#14
I simply don't get it. If you have Sh10m lying around, instead of investing it in bricks and mortar with all the attendant troubles, why not put it in long-term Treasury bonds (for about 20-25 years) and get a nice passive income of about Sh550,000 every six months? With this you can get a dope apartment for Sh60,000pm and still have about Sh30,000 each month to ball..............
 

Azor Ahai

Village Elder
#17
Here is my take na msiniletee umeffi because it is my opinion.
With that 14.3 million, I can buy a new plot, build rentals and collect 143k per month minimum. Renting that apartment will cost me 60k max. By using rent (143k) to pay rent (60k), I can afford to live forever in that apartment as a tenant with 83k positive cashflow. Note that I am using income from real estate to pay rent so I am naturally hedged against rent hikes and the risk profile of the investment is the same unlike starting a business which naturally has more risk. So, my strategy affords me that lifestyle and leaves me with 83k per month extra income.

Only fools buy such overpriced real estate. The tenant benefits more than the landlord. Be the tenant but most importantly, use that money to invest in a better real estate deal. Use rent from the better investment to pay rent in the overpriced property and pocket the difference.
 

Azor Ahai

Village Elder
#19
I simply don't get it. If you have Sh10m lying around, instead of investing it in bricks and mortar with all the attendant troubles, why not put it in long-term Treasury bonds (for about 20-25 years) and get a nice passive income of about Sh550,000 every six months? With this you can get a dope apartment for Sh60,000pm and still have about Sh30,000 each month to ball..............
Bad idea. Inflation will eat that 10 million. Bonds, unlike stocks or property, don't have significant capital gains. If Kenya was to have a period of hyper inflation, your 10 million would evaporate. Treasury bills and bonds are never risk-free even when guaranteed by GoK. You risk hyperinflation.
 

Okiya

Village Elder
#20
Bad idea. Inflation will eat that 10 million. Bonds, unlike stocks or property, don't have significant capital gains. If Kenya was to have a period of hyper inflation, your 10 million would evaporate. Treasury bills and bonds are never risk-free even when guaranteed by GoK. You risk hyperinflation.
All investments are risky.. The stocks that you like because of capital gains could plummet to zero. Ask people who bought KQ shares at 125 shillings. Your houses may also lack tenants. The risk of hyperinflation in Kenya is almost zero.
 

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