i love this analysis

[Sambamba]

@Gichboi254

The average inflation rate in Kenya is 4-5%…Kenya’s, especially Nairobi’s real estate is largely overvalued. Karen is nowhere near a similar property in USA that would go for the same price, I don’t think any estate in Kenya is as valuable as a property costing the same in USA and even less in Europe(There was a comparison between a chateau in France being waaaay cheaper than a property in Runda). The problem with this is that sooner or later the market will readjust. There was a time where the Japanese palace grounds was valued higher than the whole state of California(Los Angeles, Beverly Hills, San Fransisco, Silicon Valley are all in California) and this ended in premium tears

I read that it was more valuable than the whole of France :D:D:D

[BaldCoomer]

@Sambamba

I read that it was more valuable than the whole of France :D:D:D

More valuable than California. That was somewhere in the late 80’s. BOJ’s targeted lending to specific industries(‘Companies’) led to speculative bubble as these companies tried to diversify their portfolio. The same thing is happening in Kenya but not because of CBK’s policies rather the looting of public coffers by our leaders.They steal then invest in real estate pumping up the valuations in that sector.

[Gichboi254]

[ATTACH=full]313660[/ATTACH]
Ata niomoke aje kubuy property in “leafy suburbs” in Kenya is not a very prudent use of money…I’d rather do what Atwoli did, get a place ~2 hours away, get a reasonably priced piece of land and build whatever it is I want there