Yes! Work hard and smart…be the best at what you do… And don’t stop when the going gets tough. Sounds cliche but it’s true
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Just the other day ilikua ni wariah buying everything now the tables have turned
You are not alone brother we are in the same boat
In other related news Mike Sonko (yes Mr. Moneybags himself) evicted from his Runda home for non payment of rent which has accumulated to over 15 million shillings?
And the big Q here is, why is someone who throws around so much money still a tenant?
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That Sonko is a difficult person to understand. Remember Uhunye alimtoa rangi jana during Labor Day celebrations.
The money is most probably not his, it is given to him by “special interest groups” to enable them carry out and export their shit to Kenya, he is to use the money to grease the hands of people that matter and ensure he gets re-elected ( to maintain influence) or else they will find someone else
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This land thing is too overrated.
“The problem with Sonko is that he spends so much money on others, leaving nothing for himself. He would have afforded to have bought his own house if he wasn’t spending money helping people. He is having a problem sustaining all the projects he is doing for Nairobi residents.
The aide adds: “He pays medical bills, school fees, and then there is the Sonko Rescue Team that consumes almost Sh4 million every month. His income is from his clubs, matatus, and land transactions.”
www.sde.co.ke/m/?articleID=2000160560&story_title=Mike%20Sonko%20evicted%20over%20Sh15%20million%20Runda%20rent%20arrears?/thenairobian/
Na sinimesoma kwa nation ati he claims each of his two daughters owns a house in runda!
A collapse would only happen if something triggered a major depopulation of the city. For instance, if the Northern corridor or some other county became the center of economic activity, the city would lose its attractiveness because the City’s workforce would migrate in that direction. Likewise, if set ups like Konza developed as intended, some huge pressure would be taken off the City with the population migrating eastward. Essentially, land becomes useless in the absence of a population that can be exploited using the land as a tool.
I guess that feeling of owning your own house and having not to worry about some landlord/lady having to knock on your door demanding rents and the self satisfaction you get from that is what is driving most people to acquire land and bring up structures for themselves. As long as everyone want this for themselves the land prices will continue skyrocketting and then there is that greediness in the so called landlords who will hike up the rents for low quality houses. This is the headache that is here to stay
yes, but mwanzo wachana na malaya
Yes its a trick used before by South American druglords. Kina Escobar used to build hospitals, schools and other numerous charities in order to maintain goodwill especially among the poor folk
am eagerly waiting for this collapse ndo ninunue ploti kwa bei ya kutupa
What about construction outside or far away from the city( other towns)? Nairobi is being treated like the most important location, whereas huge populations still reside away from the city enjoying clean water and fresh vegetables. Nairobi is now a concrete jungle that people are running to, to indirectly cause population mayhem and expand slums and raise the cost of living that will bog them down (and it’s bogging people down now).
Hehehe…
not even in the next century…
venye cord wanazaana wakijaribu kubeat the numbers.
we will see the far reaches of kiserian,mlolongo,thika become the metropolitan nairobi before the galloping prices of land are tamed.
the bubble is here to stay indefinitely.
if you are acquring land you needed to do it like yesterday.
imagine the land buyers at bay… baying for a piece of land.
name one concrete thing or reason…
logical or illogical to stop the land boom.
infact we are running short of prime land not only to live on but to build some industries
Real estate collapse does not mean that land will be worthless. NO. It will be valuable than ever. Collapse means that since land ownership and debt operate together, money becomes scarce, people are unable to pay instalments for loans things are auctioned etc. some simeengly rich people are suddenly insolvent and are actually in debt. land ceases to be productive. For example, if land in Kenya drops in productivity by a quarter, it wouldnt be able to pay itself and so many businesses and people who come crashing down. That doesnt mean it completely looses value. Speculators would be in hot soup and financial markets would be a stormy sea. The middle class and the poor would be in deeeep shit as earnings drop.
@Ingia for my own clarity, so even if the real estate collapses, bado bei ya ploti itabakia kupanda?
The building of the SGR together with the lapset corridor will appreciably impact on the current trend, though not to a point of precipitating a collapse.With Industries setting up operations along the railways, it will no longer make sense to acquire land around the city at inflated prices. Further, the some of the land appetite in the city is increasingly being exported to counties, reducing the demand marginally.