accelriskconsult wrote:eco wrote:A Kenyan '
Los Angeles' in the offing for sure, thanks to the burgeoning population, and conglomeration of Tech savvy heads in the GoK and the private sector. Dear wauzan, the time comes and now is, to buy for yourself a piece of land near if you have not already done so. In five years time, God willing, you will look back and
and be thankful
that you made the right choice. The price of land in Kenya, with good politics will continue to rise for a the next 2.5 decades. Thanks again to ..... Please 'stand with me for generation Y, and their children' .... aaaand here they come!
Ideally, government policies should discourage speculation on land prices. The 'good' politics that you talk of are bad for economic growth and social welfare.
@arc, 'ideally' true, but government land policies in Kenya are not ideal and as long as we continue to get the blue prints in advance, land speculation will continue. Hope you are not thinking of 'price-controlling land!'
By 'good politics' I mean a peaceful nation led by a government with good-will for social, economic and infrastuctural development, which is good for every sector.
The ideal land policy would encourage amalgamation (either by leasing or buying) of agricultural land for economies of scale, development of satelitte towns which host the farm families, and creating access for food-high potential to low potential areas. But when we start to sub-divide Narok, Kitale, Bungoma etc, the Kenyan food baskets are at risk. Taxing idle land plus discouraging sub-division of agricultural land can revert this, somehow.
Finaly, my idea is not to buy and hoard a district, but to buy a plot(s) and put up rentals for Generation Y et al., who will hear nothing of a 'two child policy'.