selah wrote:The problem with this company is that its 'moat' is being eroded by being too slow to respond to housing demand.NHC has already invested some amount for building cheap houses KCB,KenyaRE, now Equity will eat into its market. If HFCK continues dragging its feets in coming up with competitive products I dont know how it will remain a force in this market.
Just wondering..on mortgage...how much does it cost them to develop and float out a mortgage product?
Are their profits based on cost centers or on products?? Is the administration overhead taking too much of what a mortgage product rakes in monthly? could that explain why they don't seem able to tap into low income housing?
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version