Lakini we have all these houses being built around going for anywhere between 7M to 80M. Take cytonn for example…they do not have affordable houses, their cheapest is a studio i think that goes for 7M and they have projects all over, who are buying these houses?
Rent on the other hand watu wanalipa nyumba 60K siku hizi and the word all over is that the economy is baad, for who?
How do people live in this city of Nairobi if people can still afford all these expensive stuff and still say economy ni mbaya.
I was chatting with a friend the other day and he mentioned that he pays 70k for a small stall space in Thika town? Na bado ako na mtu analipa mtu mshahara, no wonder margins are so slim for a seemingly well off business.
If its a loan, do people keep on borrowing to sustain this kind of demand?
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Anyways kitaeleweka tu!
that can be said, where I stay there is someone that was building a house next to me. He finished up the house and wanted to buy a piece of land adjacent to him for about 4 M for what? To set up a swimming pool. A guy in his late 30s early forties. However the owner of the adjacent plot refused and he sulked and had to do with what he had
Its corruption my friend, that’s all that goes on in this country. Am told in some government departments if you go home with less than 100k per day, wewe hujui unachofanya. This is a corruption fueled economy.
Mimi I watch Property Weekly with Nancy which has a slogan There’s something for everyone nashangaa what she means. Most people can only afford up to 30k rent saa hiyo ni combined incomes. Nairobi is gradually getting gentrified. Poor people are getting pushed out in favour of the wealthy.
Our problem is that our commodity prices haven’t appreciated (inflated) at the same rate. If the price of sugar, milk, vegetables had appreciated at the same rate as price of land in Redhill, then the mama mbogas would have money to buy that land. We need a way to control cost of imports while the cost of local produce is increased.
Inaitwo fake it till u make it. Just observ wen one of the people that are supposedly doing well dies, there are committees structured towards raising monies to cover bills and other burial expenses…halafu pale burial day huyo mtu hata hajajenga huko kwao…to me…if one makes 500kpm and consumes 470k pm, they are just living hand to mouth like the peasant who earns 100 bob a day and consumes 70 bob a day
Yunomi, Nairobi per se ilienda zamani sana. The folk that bought areas that I won’t mention…are laughing all the way to the bank. I know marikiti women who bought land in Ruai, Kamulu and some other places at throw away. In short yule atatumia ubongo hata saa hii atanunua something!
Na sasa ready buyers have taken over the surrounding counties na bado wanatembea further ndani. The result? a horror situation awaiting us in a few years to come.